Balance Sheets
as at 31 December
| Group | Company | |||
2020 £m |
2019 £m |
2020 £m |
2019 £m |
|
|---|---|---|---|---|
| Assets | ||||
| Non-current assets | ||||
| Goodwill | 24.4 | 23.1 | - | - |
| Intangible assets | 30.2 | 43.2 | - | - |
| Investment in subsidiaries | - | - | 731.2 | 729.9 |
| Property, plant and equipment | 15.4 | 20.0 | - | - |
| Right-of-use asset | 17.5 | 18.8 | - | - |
| Deferred tax assets | 135.7 | 151.7 | - | 1.3 |
| Amounts receivable from customers | 136.5 | 245.3 | - | - |
| Non-current tax assets | - | 34.2 | - | - |
| Retirement benefit asset | 3.4 | 3.4 | 3.4 | 3.4 |
| 363.1 | 539.7 | 734.6 | 734.6 | |
| Current assets | ||||
| Amounts receivable from customers | 532.6 | 728.3 | - | - |
| Derivative financial instruments | 0.5 | 0.3 | 0.1 | - |
| Cash and cash equivalents | 116.3 | 37.4 | 65.1 | 0.2 |
| Other receivables | 9.9 | 16.9 | 581.9 | 635.6 |
| Current tax assets | 1.5 | 0.1 | - | 0.4 |
| 660.8 | 783.0 | 647.1 | 636.2 | |
| Total Assets | 1,023.9 | 1,322.7 | 1,381.7 | 1,370.8 |
| Liabilities | ||||
| Current liabilities | ||||
| Borrowings | (0.2) | (112.7) | - | (48.6) |
| Derivative financial instruments | (6.7) | (16.2) | - | - |
| Trade and other payables | (89.1) | (123.9) | (391.3) | (474.9) |
| Provision for liabilities and charges | (19.2) | - | - | - |
| Lease liabilities | (7.4) | (8.7) | - | - |
| Current tax liabilities | (13.4) | (30.3) | - | - |
| (136.0) | (291.8) | (391.3) | (523.5) | |
| Non-current liabilities | ||||
| Deferred tax liabilities | (13.8) | (20.0) | (0.2) | (0.7) |
| Borrowings | (491.8) | (563.7) | (415.9) | (455.4) |
| Lease liabilities | (11.8) | (10.8) | - | - |
| (517.4) | (594.5) | (416.1) | (456.1) | |
| Total liabilities | (653.4) | (886.3) | (807.4) | (979.6) |
| Net assets | 370.5 | 436.4 | 574.3 | 391.2 |
| 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 | 5.0 | 9.1 | - | - |
| Hedging reserve | 0.9 | (0.1) | - | - |
| Own shares | (45.2) | (46.1) | (45.2) | (46.1) |
| Capital redemption reserve | 2.3 | 2.3 | 2.3 | 2.3 |
| Retained earnings | 406.6 | 470.3 | 367.5 | 185.3 |
| Total Equity | 370.5 | 436.4 | 574.3 | 391.2 |
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 3 March 2021 and were
signed on its behalf by:
Gerard Ryan
Chief Executive Officer
Justin Lockwood
Chief Financial Officer