Balance Sheet: Half Year 2023

For half year ended 30 June 2023

    At 30 June 2023 At 30 June 2022 At 31 December 2022
  Note £m £m £m
Assets        
Property, plant and equipment 8 275.6 268.1 283.2
Right-of-use assets   31.7 33.2 33.6
Intangible assets: goodwill 9 177.3 181.2 181.9
Intangible assets: other 9 4.6 8.9 7.1
Other receivables   3.0 4.5 3.2
Deferred tax assets   14.5 14.9 15.3
Total non-current assets   506.7 510.8 524.3
Inventories   181.4 169.0 174.2
Derivative financial assets 11 0.8 0.4 1.3
Trade and other receivables   227.7 195.2 202.5
Current tax receivable   0.5 0.6 0.3
Cash and cash equivalents 10 137.5 121.6 117.7
Total current assets   547.9 486.8 496.0
Total assets   1.054.6 997.6 1,020.3
Liabilities        
Borrowings 10 305.9 187.1 230.1
Lease liabilities   38.0 42.2 41.4
Employee benefits: pensions 12 19.2 73.5 15.6
Provisions 13 9.5 17.4 16.1
Non-trade payables   1.8 2.3 2.1
Deferred tax liabilities   2.8 1.1 2.0
Total non-current liabilities   377.2 323.6 307.3
Borrowings and bank overdrafts 10 40.1 10.8 36.1
Lease liabilities   11.2 10.0 10.5
Trade and other payables   192.2 186.2 195.0
Current tax payable   22.2 29.6 30.3
Provisions 13 13.7 13.0 9.9
Derivative financial liabilities 11 0.6 1.7 1.6
Total current liabilities   280.0 251.3 283.4
Total liabilities   657.2 574.9 590.7
Total net assets   397.4 422.7 429.6
Equity        
Share capital   71.3 71.3 71.3
Share premium   111.7 111.7 111.7
Reserves   11.4 37.7 35.1
Retained earnings   163.2 157.9 170.9
Total equity attributable to shareholders of the Company   357.6 378.6 389.0
Non-controlling interests   39.8 44.1 40.6
Total equity   397.4 422.7 429.6