Balance Sheet

As at 31 December 2018

  Year ended 31 December 2018(1) Restated year ended 31 December 2017(1)
  £m £m
Assets    
Property, plant and equipment 314.5 297.8
Intangible assets 215.6
217.0
Investments 5.9
6.3
Other receivables 6.3
5.4
Deferred tax assets  6.9 9.1
Derivative tax assets -
0.3
Total non-current assets  549.2 535.9
     
Inventories  145.3 141.6
Derivative financial assets  0.6 0.7
Trade and other receivables 200.5
194.4
Current tax receivable 1.3
6.7
Cash and cash equivalents  67.6 50.4
Total current assets  415.3 393.8
Total assets  964.5 929.7
     
Liabilities    
Interest-bearing loans and borrowings  164.8  192.7
Employee benefits: pensions 190.4
218.0
Provisions 10.1
6.1
Non-trade payables  2.5 3.4
Deferred tax liabilities 11.0 10.5
Total non-current liabilities 378.8
430.7
     
Interest-bearing loans and borrowings and bank overdrafts 82.8
39.0
Trade and other payables 190.5
193.7
Current tax payable  26.0 23.0
Provisions 8.6
8.4
Derivative financial liabilities 0.6
0.6
Total current liabilities 308.5
264.7
Total liabilities 687.3
695.4
Total net assets 277.2
234.3
Equity    
Share capital 71.8
71.8
Share premium 111.7
111.7
Reserves 37.2
39.2
Retained earnings 12.1 (27.5)
Total equity attributable to equity owners of parent Company 232.8
195.2
Non-controlling interests 44.4
39.1
Total equity 277.2
234.3

1.The year ended 31 December 2018 has been prepared reflecting the adoption of IFRS