Balance Sheet: Half Year 2022
For half year ended 30 June 2022
At 30 June 2022 | At 30 June 2021 restated | At 31 December 2021 | ||
Note | £m | £m | £m | |
Assets | ||||
Property, plant and equipment | 8 | 268.1 | 251.0 | 248.1 |
Right-of-use assets | 33.2 | 33.2 | 31.9 | |
Intangible assets: goodwill | 9 | 181.2 | 171.5 | 172.9 |
Intangible assets: other | 9 | 8.9 | 12.1 | 10.2 |
Other receivables | 4.5 | 2.8 | 2.9 | |
Deferred tax assets | 14.9 | 13.8 | 15.9 | |
Total non-current assets | 510.8 | 484.4 | 481.9 | |
Inventories | 169.0 | 128.7 | 140.7 | |
Derivative financial assets | 11 | 0.4 | 0.7 | 0.6 |
Trade and other receivables | 195.2 | 161.2 | 161.4 | |
Current tax receivable | 0.6 | 0.5 | 0.6 | |
Cash and cash equivalents | 10 | 121.6 | 107.6 | 127.3 |
Total current assets | 486.8 | 398.7 | 430.6 | |
Total assets | 997.6 | 883.1 | 912.5 | |
Liabilities | ||||
Borrowings | 187.1 | 172.7 | 174.0 | |
Lease liabilities | 42.2 | 41.1 | 40.0 | |
Employee benefits: pensions | 12 | 73.5 | 128.2 | 102.7 |
Provisions | 13 | 17.4 | 11.7 | 14.8 |
Non-trade payables | 2.3 | 3.6 | 2.4 | |
Deferred tax liabilities | 1.1 | 0.5 | 1.2 | |
Total non-current liabilities | 323.6 | 357.8 | 335.1 | |
Borrowings and bank overdrafts | 10.8 | 0.1 | - | |
Lease liabilities | 10.0 | 10.3 | 9.8 | |
Trade and other payables | 186.2 | 165.1 | 177.2 | |
Current tax payable | 29.6 | 24.0 | 25.4 | |
Provisions | 13 | 13.0 | 21.8 | 14.8 |
Derivative financial liabilities | 11 | 1.7 | 0.4 | 0.6 |
Total current liabilities | 251.3 | 221.7 | 227.8 | |
Total liabilities | 574.9 | 579.5 | 562.9 | |
Total net assets | 422.7 | 303.6 | 349.6 | |
Equity | ||||
Share capital | 71.3 | 71.3 | 71.3 | |
Share premium | 111.7 | 111.7 | 111.7 | |
Reserves | 37.7 | 13.8 | 18.5 | |
Retained earnings | 157.9 | 67.0 | 109.1 | |
Total equity attributable to shareholders of the Company | 378.6 | 263.8 | 310.6 | |
Non-controlling interests | 44.1 | 39.8 | 39.0 | |
Total equity | 422.7 | 303.6 | 349.6 |