Company Balance Sheet
As at 31 December 2008
| Notes | 2008 £ million |
2007 £ million |
|
|---|---|---|---|
| Fixed assets | |||
| Tangible assets | 35 | 8.1 | 9.6 |
| Investments | 36 | 116.1 | 102.0 |
| Deferred tax assets | 41 | 5.8 | 0.7 |
| 130.0 | 112.3 | ||
| Current assets | |||
| Debtors | 37 | 531.1 | 329.1 |
| Derivative financial instruments | 39 | 14.5 | 2.2 |
| Cash and cash equivalents | 1.9 | 0.8 | |
| Current tax assets | 0.4 | 0.4 | |
| 547.9 | 332.5 | ||
| Creditors - amounts falling due within one year | |||
| Borrowings | 38 | (157.9) | - |
| Derivative financial instruments | 39 | (15.9) | (2.1) |
| Other creditors | 40 | (146.5) | (116.0) |
| Net current assets | 227.6 | 214.4 | |
| Total assets less current liabilities | 357.6 | 326.7 | |
| Creditors - amounts falling due after more than one year | |||
| Borrowings | 38 | (211.6) | (212.2) |
| Derivative financial instruments | 39 | (19.1) | (2.7) |
| Retirement benefit obligation | 42 | (5.8) | (5.8) |
| Net assets | 121.1 | 106.0 | |
| Shareholders' equity | |||
| Share capital | 43 | 54.4 | 54.2 |
| Share premium | 44 | 10.2 | 8.8 |
| Treasury shares | 44 | (20.5) | (10.5) |
| Capital redemption reserve | 44 | 0.1 | 0.1 |
| Hedging reserve | 44 | (14.4) | (1.6) |
| Retained earnings | 44 | 91.3 | 55.0 |
| Total shareholders' equity | 121.1 | 106.0 |
Approved by the Board on 5 March 2009 and signed on its behalf by:
 |
 |
|
P G Rogerson Chairman |
A G Cockburn Finance Director |
The notes form a part of these Accounts.
