Accounts

Consolidated and Parent Company Balance Sheets

as at 31st March 2012

      Group   Parent company
  Notes   2012

£ million
  2011
restated
£ million
  2012

£ million
  2011

£ million
Assets                  
Non-current assets                  
Property, plant and equipment 15   909.5   907.7   235.7   230.8
Goodwill 16   519.5   528.7   110.5   110.5
Other intangible assets 17   127.8   152.9   5.4   6.4
Investments in subsidiaries 18       1,546.2   1,506.2
Deferred income tax assets 29   25.4   39.7   14.2   19.9
Available-for-sale investments 19   8.0   8.0    
Swaps related to borrowings 24   29.3   23.7   29.3   23.7
Other receivables 21   3.0   3.0   387.7   524.0
Post-employment benefits net assets 14   2.0   3.8    
Total non-current assets     1,624.5   1,667.5   2,329.0   2,421.5
Current assets                  
Inventories 20   630.8   556.3   164.4   154.8
Current income tax assets     11.5   9.4    
Trade and other receivables 21   847.1   893.2   1,009.6   793.3
Cash and cash equivalents – cash and deposits 24   139.1   118.9   78.0   23.1
Other financial assets 25   11.6   6.9   11.2   7.2
Total current assets     1,640.1   1,584.7   1,263.2   978.4
Total assets     3,264.6   3,252.2   3,592.2   3,399.9
Liabilities                  
Current liabilities                  
Trade and other payables 22   (710.7)   (662.9)   (1,554.4)   (1,286.3)
Current income tax liabilities     (103.1)   (114.2)   (5.5)   (15.4)
Cash and cash equivalents – bank overdrafts 24   (35.8)   (24.5)   (65.9)   (74.1)
Other borrowings and finance leases 24   (56.4)   (181.8)   (40.3)   (146.8)
Other financial liabilities 26   (4.5)   (6.5)   (4.8)   (7.8)
Provisions 28   (34.0)   (60.1)   (17.1)   (2.5)
Total current liabilities     (944.5)   (1,050.0)   (1,688.0)   (1,532.9)
Non-current liabilities                  
Borrowings, finance leases and related swaps 24   (530.4)   (575.7)   (530.1)   (575.0)
Deferred income tax liabilities 29   (53.4)   (59.5)    
Employee benefits obligations 14   (171.4)   (134.2)   (96.6)   (73.2)
Provisions 28   (28.8)   (24.2)   (12.6)   (13.3)
Other payables 22   (4.3)   (4.8)   (23.3)   (0.2)
Total non-current liabilities     (788.3)   (798.4)   (662.6)   (661.7)
Total liabilities     (1,732.8)   (1,848.4)   (2,350.6)   (2,194.6)
Net assets     1,531.8   1,403.8   1,241.6   1,205.3
Equity                  
Share capital 30   220.7   220.7   220.7   220.7
Share premium account     148.3   148.3   148.3   148.3
Shares held in employee share ownership trust (ESOT)     (50.2)   (35.8)   (50.2)   (35.8)
Other reserves 33   43.0   68.3   6.8   1.8
Retained earnings     1,169.6   1,001.2   916.0   870.3
Total equity attributable to owners of the parent company     1,531.4   1,402.7   1,241.6   1,205.3
Non-controlling interests     0.4   1.1    
Total equity     1,531.8   1,403.8   1,241.6   1,205.3

The accounts were approved by the Board of Directors on 6th June 2012 and signed on its behalf by:

Directors
N A P Carson
R J MacLeod

The notes form an integral part of the accounts.

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