Group Balance Sheet

At 31 December 2011

Note

2011
£m

2010
£m

Non-current assets

Intangible assets

14

1,212.5

1,284.2

Property, plant and equipment

15

754.5

714.1

Available for sale investments

17

7.6

7.8

Derivative financial instruments

17

31.0

7.2

Investments accounted for using the equity method

18

6.6

6.6

Trade and other receivables

20

5.9

6.0

Deferred tax asset

27

-

2.8

Defined benefit pension asset

34

18.6

-

2,036.7

2,028.7

Current assets

Inventories

21

18.8

17.6

Trade and other receivables

22

248.1

226.8

Derivative financial instruments

17

21.1

18.3

Current tax assets

0.9

3.4

Cash and cash equivalents

23

92.5

128.8

381.4

394.9

Total assets

2,418.1

2,423.6

Non-current liabilities

Borrowings

28

(718.4)

(674.4)

Derivative financial instruments

28

(2.4)

(5.1)

Deferred tax liability

27

(95.2)

(86.9)

Other non-current liabilities

25

(4.9)

(25.2)

Non-current tax liabilities

(5.4)

(12.3)

Defined benefit pension liability

34

(20.4)

(10.4)

Provisions

26

(24.0)

(35.7)

(870.7)

(850.0)

Current liabilities

Trade and other payables

24

(466.4)

(470.6)

Borrowings

28

(54.8)

(94.8)

Derivative financial instruments

28

(0.2)

(12.4)

Current tax liabilities

(19.7)

(12.1)

Provisions

26

(40.9)

(43.9)

(582.0)

(633.8)

Total liabilities

(1,452.7)

(1,483.8)

Net assets

965.4

939.8

Shareholders' equity

Called up share capital

32

25.6

25.6

Share premium account

532.7

532.7

Capital redemption reserve

0.2

0.2

Own shares

(14.0)

(14.1)

Other reserves

33

99.9

125.1

Retained earnings

313.1

263.7

Total shareholders' equity

957.5

933.2

Non-controlling interest in equity

7.9

6.6

Total equity

965.4

939.8

D Finch Group Chief Executive
J K Maiden Group Finance Director
29 February 2012