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Consolidated Balance Sheet

As at 31 December 2010

2010
£m
2009
£m
Assets
Non-current assets
Property, plant and equipment 53.4 54.6
Intangible assets 51.8 58.2
Trade and other receivables 0.4 0.3
Deferred tax assets 22.6 18.1
128.2 131.2
Current assets
Inventories 55.4 51.9
Trade and other receivables 45.4 45.5
Derivative financial instruments 0.9 1.7
Current tax assets 0.3 -
Cash and cash equivalents 7.7 12.1
109.7 111.2
Total assets 237.9 242.4
Liabilities
Current liabilities
Bank overdrafts 1.0 -
Trade and other payables 51.2 46.6
Derivative financial instruments 1.0 0.3
Current tax liabilities 9.4 6.6
Provisions 4.6 8.6
67.2 62.0
Non-current liabilities
Bank loans 34.8 52.7
Post-employment obligations 7.0 11.0
Provisions 2.2 4.4
Deferred tax liabilities 2.4 1.0
46.4 69.1
Total liabilities 113.6 131.2
Net assets 124.3 111.2
Equity
Share capital 8.6 8.6
Share premium 9.6 9.0
Translation reserve 5.9 5.5
Capital redemption reserve 1.6 1.6
Cash flow hedging reserve (0.1) 0.6
Retained earnings 98.7 85.9
Total equity 124.3 111.2

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