Financial Statements
Consolidated and Parent Company Balance Sheets
As at 31 March 2010
| Group | Company | ||||
| 2010 | 2009 | 2010 | 2009 | ||
| Note | £m | £m | £m | £m | |
| Assets | |||||
| Non-current assets | |||||
| Goodwill | 14 | 62.1 | 62.3 | – | – |
| Other intangible assets | 16 | 4.7 | 9.0 | – | – |
| Property, plant and equipment | 17 | 38.9 | 46.6 | – | – |
| Investments in subsidiaries | 18 | – | – | 163.3 | 148.9 |
| Investments in Joint Ventures | 4 | 1.8 | 3.9 | – | – |
| Deferred income tax assets | 19 | 149.4 | 101.6 | – | – |
| Derivative financial instruments | 20 | 0.6 | – | – | – |
| Other receivables | 21 | 21.2 | 12.9 | 6.4 | 6.0 |
| 278.7 | 236.3 | 169.7 | 154.9 | ||
| Current assets | |||||
| Inventories | 22 | 0.9 | 0.3 | – | – |
| Trade and other receivables | 23 | 300.7 | 353.7 | 11.3 | 11.4 |
| Financial assets at fair value through profit or loss | 24 | 32.4 | 28.7 | – | – |
| Cash and cash equivalents | 25 | 260.3 | 209.7 | – | – |
| Derivative financial instruments | 20 | 1.3 | – | – | – |
| 595.6 | 592.4 | 11.3 | 11.4 | ||
| Liabilities | |||||
| Current liabilities | |||||
| Borrowings | 26 | (4.4) | (7.6) | – | – |
| Trade and other payables | 27 | (434.3) | (478.7) | (44.3) | (57.5) |
| Derivative financial instruments | 20 | – | (0.8) | – | – |
| Current income tax liabilities | (34.6) | (31.2) | – | – | |
| Provisions for other liabilities and charges | 28 | (5.6) | (9.9) | – | – |
| (478.9) | (528.2) | (44.3) | (57.5) | ||
| Net current assets/(liabilities) | 116.7 | 64.2 | (33.0) | (46.1) | |
| Non-current liabilities | |||||
| Borrowings | 26 | (7.0) | (9.5) | – | – |
| Provisions for other liabilities and charges | 28 | (17.0) | (17.8) | – | – |
| Post-employment benefit liabilities | 29 | (450.5) | (311.5) | – | – |
| Derivative financial instruments | 20 | – | (0.4) | – | – |
| Other non-current liabilities | 30 | (5.8) | (4.8) | – | – |
| (480.3) | (344.0) | – | – | ||
| Net (liabilities)/assets | 3 | (84.9) | (43.5) | 136.7 | 108.8 |
| Capital and reserves | |||||
| Ordinary shares | 31 | 0.5 | 0.5 | 0.5 | 0.5 |
| Share premium account | 62.4 | 62.4 | 62.4 | 62.4 | |
| Merger reserve | 8.9 | 8.9 | 8.9 | 8.9 | |
| Retained (loss)/earnings | (156.7) | (115.3) | 64.9 | 37.0 | |
| Equity shareholders’ (deficit)/funds | (84.9) | (43.5) | 136.7 | 108.8 |
| Keith Clarke | Heath Drewett | |
| Director | Director |
Approved by the Board on 16 June 2010.
The notes are an integral part of these Financial Statements.