Skip Links

Group Balance Sheet

At 31 December 2008

Note 2008
£m		 2007*
£m
Non-current assets
Intangible assets 14 1,519.6 1,206.9
Property, plant and equipment 15 841.5 696.4
Financial assets– Available for sale 17 9.2 7.2
                          – Derivative financial instruments 17 1.5 5.3
Investments accounted for using the equity method 18 7.9 11.8
Other receivables 20 7.0 10.0
Deferred tax asset 27 20.0 –
2,406.7 1,937.6
Current assets
Inventories 21 24.4 20.0
Trade and other receivables 22 332.3 272.4
Financial assets – Derivative financial instruments 17 2.5 10.0
Current tax assets 4.0 9.5
Cash and cash equivalents 23 105.9 157.2
469.1 469.1
Assets in disposal group classified as held for sale 11 0.7 –
Total assets 2,876.5 2,406.7
Non-current liabilities
Financial liabilities– Borrowings 28 (1,215.0) (652.3)
                            – Derivative financial instruments 28 (59.3) (5.4)
Deferred tax liability 27 (124.9) (158.1)
Other non-current liabilities 25 (20.7) (3.7)
Defined benefit pension liability 35 (45.0) (29.8)
Provisions 26 (39.0) (43.5)
(1,503.9) (892.8)
Current liabilities
Trade and other payables 24 (557.3) (574.0)
Financial liabilities– Borrowings 28 (71.6) (415.7)
                            – Derivative financial instruments 28 (79.3) (17.7)
Current tax liabilities (32.5) (24.7)
Provisions 26 (44.3) (44.8)
(785.0) (1,076.9)
Liabilities directly associated with disposal group assets classified as held for sale 11 (2.2) –
Total liabilities (2,291.1) (1,969.7)
Net assets 585.4 437.0
Shareholders’ equity
Called up share capital 32 7.7 7.7
Share premium account 33 195.7 195.3
Capital redemption reserve 33 0.2 0.2
Own shares 33 (15.2) (16.3)
Other reserves 34 133.7 30.4
Retained earnings 33 257.2 215.8
Total shareholders’ equity 579.3 433.1
Minority interest in equity 33 6.1 3.9
Total equity 585.4 437.0

*Adjusted for the final purchase price allocation in relation to Continental Auto and The Kings Ferry Limited in accordance with IFRS 3.

S R Bowker CBE Group Chief Executive
J K Maiden Group Finance Director
26 February 2009