Consolidated Balance Sheet
At 3 March 2007
| |
|
|
3 March |
|
31 March |
| |
|
|
2007 |
|
2006 |
| |
Notes |
|
£m |
|
£m |
| ASSETS |
|
|
|
|
|
| Non-current assets |
|
|
|
|
|
| Goodwill |
15 |
|
1,878.9 |
|
1,878.9 |
| Intangible assets |
16 |
|
73.4 |
|
61.5 |
| Property, plant and equipment |
17 |
|
691.6 |
|
696.8 |
| Investment in joint ventures and associates |
18 |
|
9.2 |
|
0.4 |
| Deferred tax assets |
27 |
|
74.4 |
|
108.8 |
| Trade and other receivables |
20 |
|
18.0 |
|
43.1 |
| Retirement benefit assets |
25 |
|
9.3 |
|
25.5 |
| Other financial assets |
26 |
|
8.5 |
|
5.5 |
| Total non-current assets |
|
|
2,763.3 |
|
2,820.5 |
| Current assets |
|
|
|
|
|
| Inventories |
19 |
|
906.4 |
|
881.0 |
| Trade and other receivables |
20 |
|
569.4 |
|
1,478.1 |
| Current tax assets |
|
|
3.0 |
|
6.7 |
| Other financial assets |
26 |
|
– |
|
1.8 |
| Cash and cash equivalents |
21 |
|
283.8 |
|
130.0 |
| Total current assets |
|
|
1,762.6 |
|
2,497.6 |
| Total assets |
|
|
4,525.9 |
|
5,318.1 |
| LIABILITIES |
|
|
|
|
|
| Non-current liabilities |
|
|
|
|
|
| Trade and other payables |
22 |
|
(34.0) |
|
(27.8) |
| Loans and borrowings |
23 |
|
– |
|
(222.5) |
| Provisions |
24 |
|
(57.1) |
|
(55.0) |
| Deferred tax liabilities |
27 |
|
(44.8) |
|
(67.2) |
| Total non-current liabilities |
|
|
(135.9) |
|
(372.5) |
| Current liabilities |
|
|
|
|
|
| Trade and other payables |
22 |
|
(1,025.1) |
|
(862.7) |
| Loans and borrowings |
23 |
|
(223.6) |
|
(1,046.3) |
| Provisions |
24 |
|
(25.2) |
|
(33.6) |
| Other financial liabilities |
26 |
|
(2.2) |
|
– |
| Current tax liabilities |
|
|
(35.2) |
|
(53.1) |
| Total current liabilities |
|
|
(1,311.3) |
|
(1,995.7) |
| Total liabilities |
|
|
(1,447.2) |
|
(2,368.2) |
| Net assets |
|
|
3,078.7 |
|
2,949.9 |
| EQUITY |
|
|
|
|
|
| Share capital |
28,
29 |
|
87.7 |
|
2,895.6 |
| Merger reserve |
29 |
|
(348.4) |
|
(348.4) |
| Other reserves |
29 |
|
(11.4) |
|
(4.3) |
| Retained earnings |
29 |
|
3,350.8 |
|
407.0 |
| Total equity |
|
|
3,078.7 |
|
2,949.9 |
The Financial Statements were approved
by the Board of Directors on 2 May 2007 and were signed on its behalf
by:
Terry Duddy, chief executive
Richard Ashton, finance director
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