| At 31 December 2019 | Note | 2019 £m | 2018 £m |
| Non-current assets | |||
| Intangible assets | 14 | 1,901.8 | 1797.5 |
| Property, plant and equipment | 15 | 1,348.2 | 1,054.8 |
| Non-current financial assets | 17 | 24.9 | 14.9 |
| Investments accounted for using the equity method | 18 | 17.9 | 12.9 |
| Trade and other receivables | 20 | 9.6 | 3.0 |
| Finance lease receivable | 35 | 3.6 | - |
| Deferred tax assets | 27 | 31.8 | 42.7 |
| Defined benefit pension assets | 34 | 14.2 | 14.9 |
| Total non-current assets | 3,352.0 | 2,940.7 | |
| Current assets | |||
| Inventories | 21 | 29.4 | 27.4 |
| Trade and other receivables | 22 | 496.8 | 408.6 |
| Finance lease receivable | 35 | 1.4 | - |
| Derivative financial instruments | 17 | 44.5 | 7.9 |
| Current tax assets | 1.6 | 0.8 | |
| Cash and cash equivalents | 23 | 478.3 | 117.5 |
| Total curent assets | 1,052.0 | 562.2 | |
| Assets classified as held for sale | 19 | 4.3 | 22.8 |
| Total assets | 4,408.3 | 3,525.7 | |
| Non-current liabilities | |||
| Borrowings | 28 | (1,104.9) | (1,029.3) |
| Derivative financial instruments | 28 | (9.6) | (12.6) |
| Deferred tax liability | 27 | (56.4) | (63.0) |
| Other non-current liabilities | 25 | (164.3) | (25.2) |
| Defined benefit pension liability | 34 | (104.2) | (131.7) |
| Provisions | 26 | (43.1) | (49.2) |
| Total non-current liabilities | (1,482.5) | (1,311.0) | |
| Current liabilities | |||
| Trade and other payables | 24 | (1,052.9) | (870.5) |
| Borrowings | 28 | (652.8) | (59.3) |
| Derivative financial instruments | 28 | (37.8) | (16.9) |
| Current tax liabilities | (8.8) | (8.4) | |
| Provisions | 26 | (61.0) | (58.7) |
| Total current liabilities | (1,813.3) | (1,013.8) | |
| Liabilities classified as held for sale | 19 | - | (3.7) |
| Total liabilities | (3,295.8) | (2,328.5) | |
| Net assets | 1,1125 | 1,197.2 | |
| 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) | (7.0) | |
| Other reserves | 33 | 130.5 | 196.2 |
| Retained earnings | 391.4 | 426.6 | |
| Total shareholders’ equity | 1,074.4 | 1,174.3 | |
| Non-controlling interest in equity | 38.1 | 22.9 | |
| Total equity | 1,112.5 | 1,197.2 |
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]