Balance Sheet: Full Year 2019

As at 31 December 2019

   

As at

31 December

2019

As at

31 December

2018 1
  Note £m £m
Assets      
Property, plant and equipment 9 317.2 314.5
Right-of-use assets 10 49.1 -
Intangible assets 11 204.8 215.6
Investments   6.5 5.9
Other receivables   5.7 6.3
Deferred tax assets   6.0 6.9
Total non-current assets   589.3 549.2
Inventories   142.3 145.3
Derivative financial assets  13 1.5 0.6
Trade and other receivables   181.0 200.5
Current tax receivable   2.3 1.3
Cash and cash equivalents 12 68.7 67.6
Total current assets   395.8 415.3
Total assets   985.1 964.5
Liabilities      
Borrowings   176.2 164.8
Lease liabilities   52.6 -
Employee benefits: pensions 14 156.8 190.4
Provisions 15 9.2 10.1
Non-trade payables   2.5 2.5
Deferred tax liabilities   4.9 11.0
Total non-current liabilities   402.2 378.8
Borrowings and bank overdrafts   49.3 82.6
Lease liabilities   11.7 0.2
Trade and other payables   173.3 190.5
Current tax payable   26.9 26.0
Provisions 15 8.9 8.6
Derivative financial liabilities 13 0.6 0.6
Total current liabilities   270.7 308.5
Total liabilities   672.9 687.3
Total net assets   312.2 277.2
Equity      
Share capital   71.8 71.8
Share premium   111.7 111.7
Reserves   22.5 37.2
Retained earnings   64.7 12.1
Total equity attributable to shareholders of the Company   270.7 232.8
Non-controlling interests   41.5 44.4
Total equity   312.2 277.2
1. Borrowings on the comparative balance sheet has been represented to disaggregate lease liabilities and align with the current period. See note 1, note 10 and note 12 to the consolidated financial statements for more information on IFRS 16 Leases.

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