Consolidated balance sheet
at 31 December 2009
|
Notes |
2009
£m |
2008
£m |
| Non-current assets |
|
|
|
| Property, plant and equipment |
14 |
256.6 |
238.3 |
| Intangible assets |
15 |
1,107.0 |
907.0 |
| Financial assets |
17 |
186.3 |
332.4 |
| Trade and other receivables |
19 |
20.3 |
8.1 |
| Deferred taxation |
11 |
– |
3.0 |
|
|
1,570.2 |
1,488.8 |
| Current assets |
|
|
|
| Financial assets |
17 |
2.0 |
5.2 |
| Trade and other receivables |
19 |
618.4 |
583.6 |
| Cash |
20 |
181.5 |
86.7 |
|
|
801.9 |
675.5 |
| Total assets |
|
2,372.1 |
2,164.3 |
| Current liabilities |
|
|
|
| Trade and other payables |
21 |
794.5 |
690.4 |
| Financial liabilities |
23 |
19.8 |
116.5 |
| Provisions |
25 |
27.6 |
2.3 |
| Income tax payable |
|
37.5 |
40.4 |
|
|
879.4 |
849.6 |
| Non-current liabilities |
|
|
|
| Trade and other payables |
21 |
9.0 |
9.6 |
| Financial liabilities |
23 |
951.3 |
882.7 |
| Deferred taxation |
11 |
13.9 |
– |
| Provisions |
25 |
20.4 |
1.0 |
| Employee benefits |
32 |
31.9 |
24.5 |
|
|
1,026.5 |
917.8 |
| Total liabilities |
|
1,905.9 |
1,767.4 |
| Net assets |
|
466.2 |
396.9 |
| Capital and reserves |
|
|
|
| Issued share capital |
27 |
12.9 |
12.8 |
| Share premium |
|
435.2 |
410.4 |
| Employee Benefit Trust |
27 |
(0.2) |
(0.2) |
| Capital redemption reserve |
|
1.8 |
1.8 |
| Foreign currency translation |
|
4.3 |
6.6 |
| Net unrealised gains reserve |
|
7.8 |
18.5 |
| Retained earnings |
|
4.4 |
(53.0) |
| Equity shareholders’ funds |
|
466.2 |
396.9 |
Included in aggregate financial liabilities is an amount of £720.5m (2008: £953.1m) which represents the fair value of the Group’s bonds which should be considered in conjunction with the aggregate value of currency and interest rate swaps of £139.9m included in financial assets and £0.6m included in financial liabilities (2008: £274.3m included in financial assets). Consequently, this gives an effective liability of £581.2m (2008: £678.8m).
The accounts were approved by the Board of Directors on 24 February 2010 and signed on its behalf by:
P R M Pindar
Chief Executive
G M Hurst
Group Finance Director