Balance Sheet

At 31 March 2007

Notes Group
2007
£m
Group
2005
£m
       
ASSETS
Non-current assets
Property, plant and equipment 8 139.4 139.3
Intangible assets 9 30.3 28.9
Investments in associates and joint ventures 10 13.1 12.7
Available for sale financial assets 11 0.4 0.5
Deferred tax assets 16 51.4 53.9
Other receivables 13 0.2 0.2
Derivative financial instruments 14 0.3
235.1 235.5
Current assets
Inventories 12 87.5 71.6
Trade and other receivables 13 97.0 92.2
Current tax assets 1.4 1.3
Derivative financial instruments 14 1.0 1.3
Cash and cash equivalents 15 149.1 388.8
336.0 555.2
Total assets 571.1 790.7
LIABILITIES
Current liabilities
Borrowings 18 (1.7) (284.6)
Trade and other payables 17 (238.7) (182.5)
Current tax liabilities (24.9) (29.8)
Derivative financial instruments 14 (1.5) (1.2)
Provisions for other liabilities and charges 19 (17.8) (22.3)
(284.6) (520.4)
Non-current liabilities
Borrowings 18 (10.1) (12.6)
Retirement benefit obligations 23 (108.1) (119.6)
Deferred tax liabilities 16 (2.1) (0.8)
Derivative financial instruments 14 (0.3) (0.5)
Other non-current liabilities 17 (1.0) (0.5)
(121.6) (134.0)
Total liabilities (406.2) (654.4)
Net assets 164.9 136.3
EQUITY
Ordinary share capital 1 44.7 45.9
Share premium account 1 21.4 20.6
Capital redemption reserve 1 5.3 3.9
Fair value and other reserves 1 (0.6) (0.5)
Cumulative translation adjustment 1 (0.7) 2.2
Other reserves 1 (83.8) (83.8)
Retained earnings 1 173.6 144.2
Total equity attributable to shareholders of the Company 159.9 132.5
Minority interests 1 5.0 3.8
Total equity 164.9 136.3

The accompanying Notes [PDF, 162KB] form an integral part of these Financial Statements.

Approved by the Board on 21 May 2007.
Nicholas Brookes Chairman
Stephen King Finance Director

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