GROUP BALANCE SHEET
At 31 December 2006
| 2006 £m |
2005* £m |
||
|---|---|---|---|
| Non-current assets | |||
| Intangible assets | 697.6 | 766.3 | |
| Property, plant and equipment | 501.9 | 514.4 | |
| Financial assets | – Available for sale | 13.5 | 11.4 |
| – Derivative financial instruments | 0.3 | 0.6 | |
| Investments accounted for using the equity method | 8.7 | 4.8 | |
| Other receivables | 4.1 | 26.2 | |
| Deferred tax asset | 10.6 | 23.0 | |
| 1,236.7 | 1,346.7 | ||
| Current assets | |||
| Inventories | 15.5 | 18.7 | |
| Trade and other receivables | 272.3 | 301.8 | |
| Financial assets – Derivative financial instruments | 8.1 | 6.7 | |
| Current tax assets | 26.4 | 11.3 | |
| Cash and cash equivalents | 143.6 | 145.5 | |
| 465.9 | 484.0 | ||
| Disposal group assets classified as held for sale | 20.1 | – | |
| Total assets | 1,722.7 | 1,830.7 | |
| Non-current liabilities | |||
| Financial liabilities | – Borrowings | (538.4) | (495.5) |
| – Derivative financial instruments | (8.3) | (8.3) | |
| Deferred tax liability | (84.3) | (81.9) | |
| Other non-current liabilities | (3.0) | (6.1) | |
| Defined benefit pension liability | (52.8) | (88.8) | |
| Provisions | (61.3) | (41.3) | |
| (748.1) | (721.9) | ||
| Current liabilities | |||
| Trade and other payables | (518.4) | (532.4) | |
| Financial liabilities | – Borrowings | (43.6) | (214.4) |
| – Derivative financial instruments | (6.4) | (13.4) | |
| Current tax liabilities | (40.9) | (24.0) | |
| Provisions | (17.4) | (12.3) | |
| (626.7) | (796.5) | ||
| Liabilities directly associated with disposal group assets classified as held for sale | (2.4) | – | |
| Total liabilities | (1,377.2) | (1,518.4) | |
| Net assets | 345.5 | 312.3 | |
| Shareholders’ equity | |||
| Called up share capital | 7.7 | 7.5 | |
| Share premium account | 189.8 | 174.2 | |
| Capital redemption reserve | 0.2 | 0.2 | |
| Own shares | (16.7) | (5.1) | |
| Other reserves | 7.9 | 24.5 | |
| Retained earnings | 153.3 | 108.1 | |
| Total shareholders’ equity | 342.2 | 309.4 | |
| Minority interest in equity | 3.3 | 2.9 | |
| Total equity | 345.5 | 312.3 | |
*Adjusted for Alsa fair value movements as required by IFRS 3.
S R Bowker CBE Chief Executive
A C Walker Finance Director
1 March 2007
