Balance Sheets
as at 31 December
| Group | Company | ||||
| Notes | 2016 £M |
2015 £M |
2016 £M |
2015 £M |
|
|---|---|---|---|---|---|
| Assets | |||||
| Non-current assets | |||||
| Goodwill | 11 | 23.3 | 20.1 | - | - |
| Intangible assets | 12 | 32.6 | 25.6 | - | - |
| Investment in subsidiaries | 13 | - | - | 699.3 | 697.4 |
| Property, plant and equipment | 14 | 23.4 | 24.3 | 0.1 | 0.1 |
| Deferred tax assets | 15 | 112.0 | 82.2 | 2.0 | 0.9 |
| 191.3 | 152.2 | 701.4 | 698.4 | ||
| Current assets | |||||
| Amounts receivable from customers: | |||||
| – due within one year | 808.3 | 718.9 | - | - | |
| – due in more than one year | 131.6 | 83.5 | - | - | |
| 16 | 939.9 | 802.4 | - | - | |
| Derivative financial instruments | 22 | 15.4 | 11.5 | 3.3 | 2.5 |
| Cash and cash equivalents | 17 | 43.4 | 39.9 | 3.9 | 0.1 |
| Other receivables | 18 | 20.8 | 14.8 | 627.4 | 552.3 |
| Current tax assets | 3.1 | 1.3 | 0.1 | 3.9 | |
| 1,022.6 | 869.9 | 634.7 | 558.8 | ||
| Total Assets | 1,213.9 | 1,022.1 | 1,336.1 | 1,257.2 | |
| Liabilities | |||||
| Current liabilities | |||||
| Borrowings | 20 | (22.4) | (22.3) | - | (15.2) |
| Derivative financial instruments | 22 | (4.7) | (2.8) | (0.3) | (0.2) |
| Trade and other payables | 19 | (123.2) | (95.5) | (252.0) | (191.9) |
| Current tax liabilities | (16.5) | (30.9) | - | - | |
| (166.8) | (151.5) | (252.3) | (207.3) | ||
| Non-current liabilities | |||||
| Retirement benefit obligation | 25 | (9.1) | (0.2) | (9.1) | (0.2) |
| Deferred tax liabilities | 15 | (8.1) | (8.6) | (0.1) | - |
| Borrowings | 20 | (600.4) | (534.4) | (526.4) | (453.8) |
| (617.6) | (543.4) | (535.6) | (454.0) | ||
| Total liabilities | (784.4) | (694.9) | (787.9) | (661.3) | |
| Net assets | 429.5 | 327.2 | 548.2 | 595.9 | |
| Equity attributable to owners of the Company | |||||
| Called-up share capital | 27 | 23.4 | 23.4 | 23.4 | 23.4 |
| Other reserve | (22.5) | (22.5) | 226.3 | 226.3 | |
| Foreign exchange reserve | 8.7 | (56.4) | - | - | |
| Hedging reserve | 1.1 | (0.3) | 0.6 | 0.3 | |
| Own shares | (50.8) | (58.9) | (50.8) | (58.9) | |
| Capital redemption reserve | 2.3 | 2.3 | 2.3 | 2.3 | |
| Retained earnings | 467.3 | 439.6 | 346.4 | 402.5 | |
| Total Equity | 429.5 | 327.2 | 548.2 | 595.9 | |
The accounting policies and notes 1 to 33 are an integral part of these Financial Statements. Click here to view.
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