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Balance sheet

Group balance sheet
as at 31 March 2016

  2016
£m
As restated*
2015
£m
As restated*
2014
£m
Non-current assets      
Intangible assets 241.3 248.1 219.8
Property, plant and equipment 96.0 100.8 104.6
Investments 0.7 0.6 0.4
Other receivables 2.1 3.7 5.3
Other financial assets 11.2 13.8 3.7
Deferred tax assets 9.3 11.8 8.9
Non-current assets held for sale 5.1 - -
  365.7 378.8 342.7
       
Current assets      
Inventories 269.4 285.1 258.8
Trade and other receivables 231.9 218.7 214.8
Income tax receivables 0.8 2.2 8.3
Cash and cash equivalents 34.5 39.0 37.7
  536.6 545.0 519.6
       
Current liabilities      
Trade and other payables (201.9) (204.3) (185.4)
Provisions and other liabilities (9.5) (0.7) -
Loans and borrowings (26.2) (77.5) (52.8)
Other financial liabilities - - (0.7)
Income tax liabilities (2.4) (7.9) (15.5)
  (240.0) (290.4) (254.4)
Net current assets 296.6 254.6 265.2
Total assets less current liabilities 662.3 633.4 607.9
       
Non-current liabilities      
Other payables (7.7) (7.9) (11.8)
Retirement benefit obligations (43.3) (60.4) (40.9)
Loans and borrowings (184.6) (127.9) (131.4)
Other financial liabilities - (0.1) (0.1)
Deferred tax liabilities (70.9) (68.8) (59.4)
  (306.5) (265.1) (243.6)
Net assets 355.8 368.3 364.3
       
Equity      
Called-up share capital 44.1 44.0 44.0
Share premium account 43.5 41.9 41.5
Retained earnings 242.9 258.3 268.2
Cumulative translation reserve 33.8 23.4 10.4
Other reserves (8.5) 0.7 0.2
Equity attributable to the equity shareholders of the parent company 355.8 368.3 364.3

* Restated for the change in accounting policy relating to the grossing up of multi-currency cash pools.

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