Consolidated Balance Sheet
Year ended 31 December
2008 | 2007 (Restated)* | ||
Note | £m | £m | |
| ASSETS: | |||
| Non-Current assets | |||
| Property, plant and equipment | 13 | 638.9 | 607.1 |
| Goodwill | 14 | 1,371.3 | 1,649.5 |
| Other intangible assets | 15 | 1,159.5 | 1,237.8 |
| Retirement benefits assets | 25 | 163.7 | - |
| Total non-current assets | 3,333.4 | 3,494.4 | |
| Current assets | |||
| Assets held for sale | 17 | 124.4 | 30.6 |
| Inventories | 18 | 238.8 | 208.4 |
| Trade and other receivables | 19 | 337.0 | 328.9 |
| Financial assets – derivative financial instruments | 22 | 21.2 | 8.5 |
| Cash and cash equivalents | 29 | 40.6 | 23.9 |
| Total current assets | 762.0 | 600.3 | |
| Total assets | 4,095.4 | 4,094.7 | |
| LIABILITIES: | |||
| Current liabilities | |||
| Trade and other payables | 20 | (539.8) | (538.5) |
| Financial liabilities | |||
| – short term borrowings | 21 | (174.8) | (112.7) |
| – derivative financial instruments | 22 | (250.3) | (25.6) |
| Accrued interest payable | (22.8) | (12.9) | |
| Provisions | 24 | (23.6) | (56.6) |
| Current income tax liabilities | (4.1) | (8.1) | |
| Liabilities held for sale | 17 | (56.5) | - |
| Total current liabilities | (1,071.9) | (754.4) | |
| Non-current liabilities | |||
| Financial liabilities - long term borrowings | 21 | (1,632.6) | (1,529.7) |
| Retirement benefit obligations | 25 | (175.2) | (123.2) |
| Provisions | 24 | (28.1) | (18.4) |
| Other liabilities | (2.7) | (1.1) | |
| Deferred tax liabilities | 23 | (193.1) | (207.6) |
| Total non-current liabilities | (2031.7) | (1,880.0) | |
| Total liabilities | (3,103.6) | (2,634.4) | |
| Net assets | 991.8 | 1,460.3 | |
| EQUITY: | |||
| Capital and reserves | |||
| Share capital | 26 | 8.5 | 8.5 |
| Share premium | 27 | 760.6 | 760.6 |
| Merger reserve | 27 | 890.7 | 890.7 |
| Other reserves | 27 | (23.0) | (3.1) |
| Profit and loss reserve | 27 | (645.1) | (196.5) |
| Capital and reserves attributable to the Company's equity shareholders | 991.7 | 1,460.2 | |
| Minority interest | 27 | 0.1 | 0.1 |
| Total shareholders’ funds | 991.8 | 1,460.3 |
*The 31 December 2007 comparatives have been restated for IFRS 3 fair value adjustments on the acquisition of RHM plc.
The notes on pages 60 to 106 form an integral part of the consolidated financial statements.
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