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Chairman's Statement Chief Executive's Review Board of Directors Directors' Report and Operating and Financial Review Auditors' Report Accounts General Information Shareholder Information

Notes to the Accounts

  Note 1 Note 8 Note 15 Note 22 Note 29  
  Note 2 Note 9 Note 16 Note 23 Note 30  
  Note 3 Note 10 Note 17 Note 24 Note 31  
  Note 4 Note 11 Note 18 Note 25 Note 32  
  Note 5 Note 12 Note 19 Note 26 Note 33  
  Note 6 Note 13 Note 20 Note 27  
  Note 7 Note 14 Note 21 Note 28    
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Statement of Directors' Responsibilities
Accounting Policies
Group Profit and Loss Account
Balance Sheets
Group Cash Flow Statement
Group Statement of Total Recognised Gains and Losses
Notes to the Accounts

Note 25 - Non-equity minority interests

The non-equity minority interests of £38m (2003: £69m) comprised cumulative preference stock issued by Group undertakings.

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