Balance Sheets
as at 31 December
| Group | Company | |||
2021 £m |
2020 £m |
2021 £m |
2020 £m |
|
|---|---|---|---|---|
| Assets | ||||
| Non-current assets | ||||
| Goodwill | 22.9 | 24.4 | - | - |
| Intangible assets | 25.2 | 30.2 | - | - |
| Investment in subsidiaries | - | - | 731.4 | 731.2 |
| Property, plant and equipment | 13.8 | 15.4 | 1.4 | - |
| Right-of-use assets | 17.7 | 17.5 | 2.9 | - |
| Deferred tax assets | 124.7 | 135.7 | 0.5 | - |
| Amounts receivable from customers | 150.2 | 136.5 | - | - |
| Non-current tax assets | 15.3 | - | - | - |
| Retirement benefit asset | 4.9 | 3.4 | 4.9 | 3.4 |
| 374.7 | 363.1 | 741.1 | 734.6 | |
| Current assets | ||||
| Amounts receivable from customers | 566.6 | 532.6 | - | - |
| Derivative financial instruments | 0.7 | 0.5 | - | 0.1 |
| Cash and cash equivalents | 41.7 | 116.3 | 4.4 | 65.1 |
| Other receivables | 14.0 | 9.9 | 555.5 | 581.9 |
| Current tax assets | 1.6 | 1.5 | - | - |
| 624.6 | 660.8 | 559.9 | 647.1 | |
| Total Assets | 999.3 | 1,023.9 | 1,301.0 | 1,381.7 |
| Liabilities | ||||
| Current liabilities | ||||
| Borrowings | (3.1) | (0.2) | - | - |
| Derivative financial instruments | (7.6) | (6.7) | (0.1) | - |
| Trade and other payables | (112.8) | (89.1) | (383.4) | (391.3) |
| Provision for liabilities and charges | (5.4) | (19.2) | - | - |
| Lease liabilities | (6.4) | (7.4) | (0.1) | - |
| Current tax liabilities | (8.2) | (13.4) | - | - |
| (143.5) | (136.0) | (383.6) | (391.3) | |
| Non-current liabilities | ||||
| Deferred tax liabilities | (7.9) | (13.8) | (1.2) | (0.2) |
| Borrowings | (468.5) | (491.8) | (395.8) | (415.9) |
| Lease liabilities | (12.3) | (11.8) | (2.7) | - |
| (488.7) | (517.4) | (399.7) | (416.1) | |
| Total liabilities | (632.2) | (653.4) | (783.3) | (807.4) |
| Net assets | 367.1 | 370.5 | 517.7 | 574.3 |
| 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 | (32.6) | 5.0 | - | - |
| Hedging reserve | 1.6 | 0.9 | - | - |
| Own shares | (46.6) | (45.2) | (46.6) | (45.2) |
| Capital redemption reserve | 2.3 | 2.3 | 2.3 | 2.3 |
| Retained earnings | 441.5 | 406.6 | 312.3 | 367.5 |
| Total Equity | 367.1 | 370.5 | 517.7 | 574.3 |