 |
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|
Consolidated balance sheet
As at 31 December 2006
| Note | 2006 £m |
2005 £m |
||||
| Assets | ||||||
| Non-current assets | ||||||
| Goodwill | 14 | 207.4 | 209.5 | |||
| Other intangible assets | 15 | 8.0 | 4.1 | |||
| Property, plant and equipment | 16 | 83.2 | 92.8 | |||
| Deferred tax asset | 25 | 37.6 | 44.6 | |||
| 336.2 | 351.0 | |||||
| Current assets | ||||||
| Inventories | 17 | 81.6 | 88.2 | |||
| Taxation recoverable | 0.5 | 0.9 | ||||
| Trade and other receivables | 18 | 145.4 | 150.4 | |||
| Derivative financial instruments | 21 | 1.3 | – | |||
| Cash and cash equivalents | 19 | 51.0 | 77.1 | |||
| Assets held for sale | 5 | 17.3 | 5.9 | |||
| 297.1 | 322.5 | |||||
| Total assets | 633.3 | 673.5 | ||||
| Liabilities | ||||||
| Current liabilities | ||||||
| Short-term borrowings | 20 | (4.3) | (59.4) | |||
| Derivative financial instruments | 21 | – | (0.6) | |||
| Trade and other payables | 23 | (124.2) | (132.4) | |||
| Current tax liabilities | (32.9) | (32.4) | ||||
| Provisions | 24 | (21.8) | (12.3) | |||
| Liabilities held for sale | 5 | (6.0) | (3.7) | |||
| (189.2) | (240.8) | |||||
| Net current assets | 107.9 | 81.7 | ||||
| Non-current liabilities | ||||||
| Medium and long-term borrowings | 20 | (108.6) | (121.6) | |||
| Derivative financial instruments | 21 | (12.8) | (24.7) | |||
| Other payables | 23 | (8.8) | (6.7) | |||
| Retirement benefit obligations | 9 | (18.8) | (22.6) | |||
| Provisions | 24 | – | (0.6) | |||
| Deferred tax liability | 25 | (1.0) | (1.0) | |||
| (150.0) | (177.2) | |||||
| Total liabilities | (339.2) | (418.0) | ||||
| Net assets | 294.1 | 255.5 | ||||
| Equity | ||||||
| Issued share capital | 26 | 6.2 | 6.2 | |||
| Share premium | 27 | 231.1 | 229.1 | |||
| Retained earnings | 27 | 67.3 | 20.1 | |||
| Translation reserve | 27 | (15.1) | (2.8) | |||
| Hedging reserve | 27 | 1.2 | (0.5) | |||
| Merger reserve | 27 | 3.1 | 3.1 | |||
| Capital redemption reserve | 27 | 0.3 | 0.3 | |||
| Equity shareholders' funds | 294.1 | 255.5 | ||||
| Total equity and liabilities | 633.3 | 673.5 | ||||
| The financial statements were approved by the Board of Directors on 23 February 2007 and were signed on its behalf by: | ||||||
Clive Watson
Director