Group Balance Sheet
As at 31 December 2008
| Notes | 2008 £ million |
2007 £ million |
|
|---|---|---|---|
| Non-current assets | |||
| Goodwill | 12 | 53.0 | 38.0 |
| Other intangible assets | 13 | 16.6 | 10.0 |
| Property, plant and equipment | 14 | 752.0 | 444.6 |
| Deferred tax asset | 21 | 4.8 | 2.4 |
| 826.4 | 495.0 | ||
| Current assets | |||
| Inventories | 15 | 98.6 | 60.0 |
| Trade and other receivables | 16 | 272.7 | 165.4 |
| Derivative financial instruments | 18 | - | 0.1 |
| Cash and cash equivalents | 3 | 15.3 | 9.8 |
| Current tax assets | 1.7 | 2.4 | |
| 388.3 | 237.7 | ||
| Total assets | 1,214.7 | 732.7 | |
| Current liabilities | |||
| Borrowings | 17 | (167.7) | (0.2) |
| Derivative financial instruments | 18 | (15.9) | (2.1) |
| Trade and other payables | 19 | (252.9) | (172.6) |
| Current tax liabilities | (49.9) | (24.8) | |
| Provisions | 20 | - | (1.3) |
| (486.4) | (201.0) | ||
| Non-current liabilities | |||
| Borrowings | 17 | (211.6) | (212.2) |
| Derivative financial instruments | 18 | (19.1) | (2.7) |
| Deferred tax liabilities | 21 | (24.6) | (14.7) |
| Retirement benefit obligation | 27 | (8.0) | (8.1) |
| Provisions | 20 | (0.2) | (0.7) |
| (263.5) | (238.4) | ||
| Total liabilities | (749.9) | (439.4) | |
| Net assets | 464.8 | 293.3 | |
| Shareholders' equity | |||
| Share capital | 22 | 54.4 | 54.2 |
| Share premium | 24 | 10.2 | 8.8 |
| Treasury shares | 23 | (20.5) | (10.5) |
| Capital redemption reserve | 24 | 0.1 | 0.1 |
| Hedging reserve (net of deferred tax) | 24 | (25.1) | (3.4) |
| Foreign exchange reserve | 24 | 79.9 | (19.7) |
| Retained earnings | 24 | 365.8 | 263.8 |
| Total shareholders' equity | 464.8 | 293.3 |
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 part of these Accounts.
