Consolidated Balance Sheet

As at 31 December 2008

  Notes 2008
£m		 2007
£m
Assets       
Non-current assets       
Property, plant and equipment 13 63.6 45.6
Intangible assets 14 71.6 55.5
Investment in equity-accounted investee 15 - 1.3
Deferred tax assets 16 17.8 13.7
    153.0 116.1
Current assets       
Inventories 17 76.4 65.6
Trade and other receivables 18 61.4 50.7
Derivative financial instruments 19 0.7 1.2
Current tax assets 20 0.8 2.1
Cash and cash equivalents 21 14.9 8.4
    154.2 128.0
Total assets   307.2 244.1
       
Liabilities       
Current liabilities       
Bank overdrafts 21 - 1.1
Other borrowings 19 3.0 -
Trade and other payables 23 71.5 74.4
Derivative financial instruments 19 7.4 0.5
Current tax liabilities 20 9.7 10.2
Provisions 24 4.1 4.1
    95.7 90.3
Non-current liabilities       
Bank loans and other borrowings 19 64.9 45.7
Other payables 23 0.1 0.1
Post-employment obligations 28 5.9 2.8
Provisions 24 5.7 5.7
Deferred tax liabilities 16 1.5 2.2
    78.1 56.5
Total liabilities    173.8  146.8 
Net assets    133.4  97.3 
       
Equity       
Share capital   8.5 8.4
Share premium   7.5 7.0
Translation reserve   22.3 (5.8)
Other reserves   (2.1) 1.9
Retained earnings   97.2 85.8
Total equity  25 133.4 97.3

Approved by the Board on 2 March 2009 and signed on its behalf

Richard Cotton
Director

Information correct at 04/04/2008