Condensed Consolidated Balance Sheet
As at 30 June 2009
| 30 June 2009 £m |
30 June 2008 £m |
31 December 2008 £m |
|
|---|---|---|---|
| ASSETS | |||
| Non-current assets | |||
| Intangible assets | 263.2 | 467.7 | 264.7 |
| Property, plant and equipment | 36.0 | 44.9 | 45.1 |
| Investments | 3.4 | 3.2 | 3.9 |
| Trade and other receivables | 52.0 | 25.2 | 31.4 |
| Forward currency swaps | 15.7 | - | 96.0 |
| Deferred tax assets | 14.0 | 51.7 | 6.5 |
| 384.3 | 592.7 | 447.6 | |
| Current assets | |||
| Inventories | 2,307.6 | 3,528.3 | 2,546.5 |
| Trade and other receivables | 130.5 | 160.7 | 138.2 |
| Forward currency swaps | - | - | 20.8 |
| Cash and cash equivalents | 0.3 | 14.0 | 0.8 |
| Assets held for sale | 5.7 | - | - |
| 2,444.1 | 3,703.0 | 2,706.3 | |
| Total assets | 2,828.4 | 4,295.7 | 3,153.9 |
| LIABILITIES | |||
| Non-current liabilities | |||
| Interest bearing loans and borrowings | (385.2) | (667.3) | (571.2) |
| Forward currency swaps | (9.5) | (46.8) | - |
| Deferred tax liabilities | (26.5) | (30.8) | (26.5) |
| Retirement benefit obligation | (116.3) | (61.4) | (95.3) |
| Other liabilities | (101.1) | (142.0) | (132.0) |
| (638.6) | (948.3) | (825.0) | |
| Current liabilities | |||
| Interest bearing loans and borrowings | (93.7) | (191.6) | (147.6) |
| Forward currency swaps | (2.5) | (16.7) | - |
| Trade and other payables | (471.9) | (745.3) | (551.9) |
| Current tax liabilities | (74.2) | (119.0) | (74.2) |
| (642.3) | (1,072.6) | (773.7) | |
| Total liabilities | (1,280.9) | (2,020.9) | (1,598.7) |
| Net assets | 1,547.5 | 2,274.8 | 1,555.2 |
| SHAREHOLDERS’ EQUITY | |||
| Ordinary share capital issued | 30.3 | 30.3 | 30.3 |
| Share premium | 233.6 | 233.6 | 233.6 |
| Hedge reserve | (0.4) | 2.1 | 0.1 |
| Other non-distributable reserve | 281.4 | 281.4 | 281.4 |
| Retained earnings | 1,002.6 | 1,727.4 | 1,009.8 |
| Total shareholders’ equity | 1,547.5 | 2,274.8 | 1,555.2 |