| At 31 December 2018 | Note | 2018 £m | 2017 £m |
| Non-current assets | |||
| Intangible assets | 14 | 1,797.5 | 1,633.4 |
| Property, plant and equipment | 15 | 1,054.8 | 968.2 |
| Non-current financial assets | 17 | 14.9 | 21.5 |
| Deferred tax assets | 27 | 42.7 | 41.4 |
| Investments accounted for using the equity method | 18 | 12.9 | 11.3 |
| Trade and other receivables | 20 | 3.0 | 20.1 |
| Defined benefit pension assets | 34 | 14.9 | 43.2 |
| 2,940.7 | 2,739.1 | ||
| Current assets | |||
| Inventories | 21 | 27.4 | 24.9 |
| Trade and other receivables | 22 | 408.6 | 356.3 |
| Derivative financial instruments | 17 | 7.9 | 15.4 |
| Current tax assets | 0.8 | 1.5 | |
| Cash and cash equivalents | 23 | 117.5 | 314.3 |
| Total curent assets | 562.2 | 712.4 | |
| Assets classified as held for sale | 11 | 2.8 | - |
| Total assets | 3,525.7 | 3,451.5 | |
| Non-current liabilities | |||
| Borrowings | 28 | (1,029.3) | (1,058.0) |
| Derivative financial instruments | 28 | (12.6) | (1.3) |
| Deferred tax liability | 27 | (63.0) | (60.0) |
| Other non-current liabilities | 25 | (25.2) | (36.0) |
| Defined benefit pension liability | 34 | (131.7) | (137.7) |
| Provisions | 26 | (49.2) | (65.4) |
| (1,311.0) | (1,358.4) | ||
| Current liabilities | |||
| Trade and other payables | 24 | (870.5) | (672.4) |
| Borrowings | 28 | (59.3) | (167.4) |
| Derivative financial instruments | 28 | (16.9) | (9.8) |
| Current tax liabilities | (8.4) | (11.6) | |
| Provisions | 26 | (58.7) | (65.5) |
| Total current liabilities | (1,013.8) | (926.7) | |
| Liabilities directly associated with assets classified as held for sale | 11 | (3.7) | - |
| Total liabilities | (2,328.5) | (2,285.1) | |
| Net assets | 1,197.2 | 1,166.4 | |
| 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 | (7.0) | (6.0) | |
| Other reserves | 33 | 196.2 | 181.6 |
| Retained earnings | 426.6 | 410.9 | |
| Total shareholders’ equity | 1,174.3 | 1,145.0 | |
| Non-controlling interest in equity | 22.9 | 21.4 | |
| Total equity | 1,197.2 | 1,166.4 |
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]