Menu

Balance sheet

Group balance sheet
as at 31 March 2017

  2017
£m
As restated*
2016
£m
As restated*
2015
£m
Non-current assets      
Intangible assets 260.3 241.3 248.1
Property, plant and equipment 96.9 96.0
100.8
Investments 1.0
0.7 0.6
Other receivables 4.7 2.1
3.7
Other financial assets 2.2 11.2 13.8
Deferred tax assets 22.5 9.3
11.8
Non-current assets held for sale -
5.1
-
  387.6 365.7 378.8
       
Current assets      
Inventories 303.8 269.4 285.1
Trade and other receivables 277.9 231.9 218.7
Other financial assets
16.8
- -
Income tax receivables 0.4 0.8
2.2
Cash and short-term deposits 76.7 351.5 316.9
  675.6 853.6
822.9
       
Current liabilities      
Trade and other payables (256.9) (201.9) (204.3)
Provisions and other liabilities (0.8) (9.5) (0.7)
Loans and borrowings (123.4) (343.2) (355.4)
Income tax liabilities (9.1) (2.4) (7.9)
  (390.2) (557.0) (568.3)
Net current assets 285.4 296.6 254.6
Total assets less current liabilities 673.0 662.3 633.4
       
Non-current liabilities      
Other payables (13.4) (7.7) (7.9)
Retirement benefit obligations (104.6) (43.3) (60.4)
Loans and borrowings (85.2) (184.6) (127.9)
Other financial liabilities - -
(0.1)
Deferred tax liabilities (80.8) (70.9) (68.8)
  (284.0) (306.5) (265.1)
Net assets 389.0 355.8 368.3
       
Equity      
Called-up share capital 44.2 44.1 44.0
Share premium account 44.5 43.5 41.9
Retained earnings 231.6 242.9 258.3
Cumulative translation reserve 70.4 33.8
23.4
Other reserves (1.7) (8.5)
0.7
Equity attributable to the equity shareholders of the parent company 389.0 355.8 368.3

* Restated for the grossing up of cash pool balances.

David Egan 2017 Full-year Results

David Egan, Group Finance Director, reviews the financial performance over the past 12 months.

Investor updates

Sign up to receive investor alerts via email.

Sign up

No.1

International high-service distributor

About our strategy

Measuring our success