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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