Balance Sheets

as at 31 December 

  Group Company
 

2018

£M*

2017

£M

2018

£M

2017

£M

Assets        
Non-current assets        
Goodwill  24.5 24.4 - -
Intangible assets 38.0 33.1 - -
Investment in subsidiaries - - 728.1 725.5
Property, plant and equipment 19.9 23.2 - -
Deferred tax assets 138.5 103.1 - 0.1
Non-current tax assets  36.1 37.0 -
Retirement benefit asset 4.1 2.1 4.1 2.1
  261.1 222.9 732.2 727.7
Current assets        
Amounts receivable from customers:        
– due within one year 764.2 866.9 - -
– due in more than one year 228.6 190.0 - -
  992.8 1,056.9 - -
Derivative financial instruments 1.6 10.4 - 3.5
Cash and cash equivalents 46.6 27.4 0.1 -
Other receivables 18.9 19.3 667.4 695.5
Current tax assets 1.5 5.7 - -
  1,061.4 1,119.7 667.5 699.0
Total Assets 1,322.5 1,342.6 1,399.7 1,426.7
Liabilities        
Current liabilities        
Borrowings (28.8) (79.6) (18.9) (67.5)
Derivative financial instruments (7.3) (4.8) (0.1) (0.1)
Trade and other payables (147.7) (145.7) (418.4) (343.5)
Current tax liabilities (25.8) (7.4) - -
  (209.6) (237.5) (437.4) (411.1)
Non-current liabilities        
Retirement benefit obligation - - - -
Deferred tax liabilities (10.4) (10.1) (0.1) -
Borrowings (669.5) (598.1) (510.3) (508.5)
  (679.9) (608.2) (510.4) (508.5)
Total liabilities (889.5) (845.7) (947.8) (919.6)
Net assets 433.0 496.9 451.9 507.1
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 51.3 60.0 - -
Hedging reserve (0.6) (1.2) 0.1 (0.8)
Own shares (45.1) (47.6) (45.1) (47.6)
Capital redemption reserve 2.3 2.3 2.3 2.3
Retained earnings 424.2 482.5 244.9 303.5
Total Equity 433.0 496.9 451.9 507.1

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 32 were approved by the Board on 27 February 2019 and were
signed on its behalf by: 

Gerard Ryan
Chief Executive Officer 

Justin Lockwood
Chief Financial Officer 

* 2018 reported under IFRS 9.  All other comparatives reported under IAS 39