Accounts

Consolidated and Parent Company Balance Sheets

as at 31st March 2013

      Group   Parent company
  Notes   2013
£ million
  2012
£ million
  2013
£ million
  2012
£ million
Assets                  
Non-current assets                  
Property, plant and equipment 15   993.5   909.5   247.3   235.7
Goodwill 16   585.3   519.5   110.5   110.5
Other intangible assets 17   212.8   127.8   5.9   5.4
Investments in subsidiaries 18       1,611.3   1,546.2
Deferred income tax assets 29   20.3   25.4   11.9   14.2
Available-for-sale investments 19   57.9   8.0    
Interest rate swaps 24   27.1   29.3   27.1   29.3
Other receivables 21   4.7   3.0   573.6   387.7
Post-employment benefit net assets 14   1.9   2.0    
Total non-current assets     1,903.5   1,624.5   2,587.6   2,329.0
Current assets                  
Inventories 20   665.9   630.8   109.4   164.4
Current income tax assets     15.1   11.5    
Trade and other receivables 21   873.1   847.1   1,023.5   1,009.6
Cash and cash equivalents – cash and deposits 24   70.0   139.1   6.0   78.0
Other financial assets 25   5.7   11.6   8.1   11.2
Total current assets     1,629.8   1,640.1   1,147.0   1,263.2
Total assets     3,533.3   3,264.6   3,734.6   3,592.2
Liabilities                  
Current liabilities                  
Trade and other payables 22   (733.5)   (710.7)   (1,595.1)   (1,554.4)
Current income tax liabilities     (106.7)   (103.1)   (9.4)   (5.5)
Cash and cash equivalents – bank overdrafts 24   (48.2)   (35.8)   (59.7)   (65.9)
Other borrowings and finance leases 24   (273.8)   (56.4)   (254.9)   (40.3)
Other financial liabilities 26   (11.3)   (4.5)   (10.7)   (4.8)
Provisions 28   (19.8)   (34.0)   (6.2)   (17.1)
Total current liabilities     (1,193.3)   (944.5)   (1,936.0)   (1,688.0)
Non-current liabilities                  
Borrowings, finance leases and related swaps 24   (610.3)   (530.4)   (610.2)   (530.1)
Deferred income tax liabilities 29   (56.5)   (53.4)    
Employee benefit obligations 14   (247.9)   (171.4)   (125.8)   (96.6)
Provisions 28   (29.2)   (28.8)   (14.0)   (12.6)
Other payables 22   (3.6)   (4.3)   (8.5)   (23.3)
Total non-current liabilities     (947.5)   (788.3)   (758.5)   (662.6)
Total liabilities     (2,140.8)   (1,732.8)   (2,694.5)   (2,350.6)
Net assets     1,392.5   1,531.8   1,040.1   1,241.6
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)     (51.7)   (50.2)   (51.7)   (50.2)
Other reserves 33   48.1   43.0   (3.6)   6.8
Retained earnings     1,028.5   1,169.6   726.4   916.0
Total equity attributable to owners of the parent company     1,393.9   1,531.4   1,040.1   1,241.6
Non-controlling interests     (1.4)   0.4    
Total equity     1,392.5   1,531.8   1,040.1   1,241.6

The accounts were approved by the Board of Directors on 5th June 2013 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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