| At 31 December 2017 | Note | 2017 £m | 2016 £m |
| Non-current assets | |||
| Intangible assets | 14 | 1,633.4 | 1,548.6 |
| Property, plant and equipment | 15 | 968.2 | 983.6 |
| Available for sale investments | 17 | 8.1 | 7.8 |
| Derivative financial instruments | 17 | 13.4 | 31.1 |
| Deferred tax assets | 27 | 41.4 | 48.3 |
| Investments accounted for using the equity method | 18 | 11.3 | 13.7 |
| Trade and other receivables | 20 | 20.1 | 18.2 |
| Defined benefit pension assets | 34 | 43.2 | 44.5 |
| 2,739.1 | 2,695.8 | ||
| Current assets | |||
| Inventories | 21 | 24.9 | 25.0 |
| Trade and other receivables | 22 | 356.3 | 302.7 |
| Derivative financial instruments | 17 | 15.4 | 13.0 |
| Current tax assets | 1.5 | 2.3 | |
| Cash and cash equivalents | 23 | 314.3 | 318.1 |
| Assets classified as held for sale | 11 | – | 78.0 |
| 712.4 | 739.1 | ||
| Total assets | 3,451.5 | 3,434.9 | |
| Non-current liabilities | |||
| Borrowings | 28 | (1,058.0) | (816.7) |
| Derivative financial instruments | 28 | (1.3) | (4.2) |
| Deferred tax liability | 27 | (60.0) | (82.9) |
| Other non-current liabilities | 25 | (36.0) | (21.2) |
| Defined benefit pension liability | 34 | (137.7) | (132.7) |
| Provisions | 26 | (65.4) | (57.2) |
| (1,358.4) | (1,114.9) | ||
| Current liabilities | |||
| Trade and other payables | 24 | (672.4) | (600.7) |
| Borrowings | 28 | (167.4) | (443.8) |
| Derivative financial instruments | 28 | (9.8) | (26.0) |
| Current tax liabilities | (11.6) | (6.7) | |
| Provisions | 26 | (65.5) | (57.2) |
| Liabilities directly associated with assets classified as held for sale | 11 | - | (60.1) |
| (926.7) | (1,194.5) | ||
| Total liabilities | (2,285.1) | (2,309.4) | |
| Net assets | 1,166.4 | 1,125.5 | |
| 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 | (6.0) | (7.8) | |
| Other reserves | 33 | 181.6 | 194.1 |
| Retained earnings | 410.9 | 362.0 | |
| Total shareholders’ equity | 1,145.0 | 1,106.8 | |
| Non-controlling interest in equity | 21.4 | 18.7 | |
| Total equity | 1,166.4 | 1,125.5 |
D Finch
Group Chief Executive
C Davies
Group Finance Director
Group Balance Sheet in Excel format [12 KB]
Notes to the consolidated accounts in PDF format [1.7 MB]