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