ADDITIONAL INFORMATION FOR US INVESTORS > REED ELSEVIER COMBINED BUSINESSES Summary financial information in US dollars  (continued) Balance sheet As at 31 December 2003 2003 2002 US$m US$m Goodwill and intangible assets 9,172 9,302 Tangible fixed assets and investments 1,038 968 Fixed assets 10,210 10,270 Inventories and pre-publication costs 936 800 Debtors – amounts falling due within one year 1,858 1,476 Debtors – amounts falling due after more than one year 443 514 Cash and short term investments 1,136 912 Current assets 4,373 3,702 Creditors: amounts falling due within one year (6,183) (5,806) Net current liabilities (1,810) (2,104) Total assets less current liabilities 8,400 8,166 Creditors: amounts falling due after more than one year (3,747) (3,633) Provisions for liabilities and charges (299) (299) Minority interests (21) (11) Net assets 4,333 4,223 REED ELSEVIER ANNUAL REPORTS & FINANCIAL STATEMENTS 2003 107