Balance Sheets
as at 31 December
| Group | Company | |||
2017 £M |
2016 £M |
2017 £M |
2016 £M |
|
|---|---|---|---|---|
| Assets | ||||
| Non-current assets | ||||
| Goodwill | 24.4 | 23.3 | - | - |
| Intangible assets | 33.1 | 32.6 | - | - |
| Investment in subsidiaries | - | - | 725.5 | 699.3 |
| Property, plant and equipment | 23.2 | 23.4 | - | 0.1 |
| Deferred tax assets | 103.1 | 112.0 | 0.1 | 2.0 |
| Non-current tax assets | 37.0 | - | - | - |
| Retirement benefit asset | 2.1 | - | 2.1 | - |
| 222.9 | 191.3 | 727.7 | 701.4 | |
| Current assets | ||||
| Amounts receivable from customers: | ||||
| – due within one year | 866.9 | 808.3 | - | - |
| – due in more than one year | 190.0 | 131.6 | - | - |
| 1,056.9 | 939.9 | - | - | |
| Derivative financial instruments | 10.4 | 15.4 | 3.5 | 3.3 |
| Cash and cash equivalents | 27.4 | 43.4 | - | 3.9 |
| Other receivables | 19.3 | 20.8 | 695.5 | 624.7 |
| Current tax assets | 5.7 | 3.1 | - | 0.1 |
| 1,119.7 | 1,022.6 | 699.0 | 634.7 | |
| Total Assets | 1,342.6 | 1,213.9 | 1,426.7 | 1,336.1 |
| Liabilities | ||||
| Current liabilities | ||||
| Borrowings | (79.6) | (22.4) | (67.5) | - |
| Derivative financial instruments | (4.8) | (4.7) | (0.1) | (0.3) |
| Trade and other payables | (145.7) | (123.2) | (343.5) | (252.0) |
| Current tax liabilities | (7.4) | (16.5) | - | - |
| (237.5) | (166.8) | (411.1) | (252.3) | |
| Non-current liabilities | ||||
| Retirement benefit obligation | - | (9.1) | - | (9.1) |
| Deferred tax liabilities | (10.1) | (8.1) | - | (0.1) |
| Borrowings | (598.1) | (600.4) | (508.5) | (526.4) |
| (608.2) | (617.6) | (508.5) | (535.6) | |
| Total liabilities | (845.7) | (784.4) | (919.6) | (787.9) |
| Net assets | 496.9 | 429.5 | 507.1 | 548.2 |
| Equity attributable to owners of the Company | ||||
| Called-up share capital | 23.4 | 23.4 | 23.4 | 23.4 |
| Other reserve | (22.5) | (22.5) | 226.3 | 226.3 |
| Foreign exchange reserve | 60.0 | 8.7 | - | - |
| Hedging reserve | (1.2) | 1.1 | (0.8) | 0.6 |
| Own shares | (47.6) | (50.8) | (47.6) | (50.8) |
| Capital redemption reserve | 2.3 | 2.3 | 2.3 | 2.3 |
| Retained earnings | 482.5 | 467.3 | 303.5 | 346.4 |
| Total Equity | 496.9 | 429.5 | 507.1 | 548.2 |
The Financial Statements comprising the consolidated income statement, statements of comprehensive income, balance sheets, statements
of changes in equity, cash flow statements, accounting policies and notes 1 to 33 were approved by the Board on 1 March 2017 and were
signed on its behalf by:
Gerard Ryan
Chief Executive Officer
Justin Lockwood
Chief Financial Officer