Morgan Advanced Materials

Balance Sheet Full Year 2022

As at 31 December 2022

   

As at 31 December 2022

 

As at 31 December 2021

 

  Note  £m £m
Assets      
Property, plant and equipment 9 283.2 248.1
Right-of-use assets 10 33.6 31.9
Intangible assets: goodwill 11 181.9 172.9
Intangible assets: other 11 7.1 10.2
Other receivables   3.2 2.9
Deferred tax assets   15.3 15.9
Total non-current assets   524.3 481.9
Inventories   174.2 140.7
Derivative financial assets  13 1.3 0.6
Trade and other receivables   202.5 161.4
Current tax receivable   0.3 0.6
Cash and cash equivalents 12 117.7 127.3
Total current assets   496.0 430.6
Total assets   1,020.3 912.5
Liabilities      
Borrowings   230.1 174.0
Lease liabilities   41.4 40.0
Employee benefits: pensions 14 15.6 102.7
Provisions 15 16.1 14.8
Non-trade payables   2.1 2.4
Deferred tax liabilities   2.0 1.2
Total non-current liabilities   307.3 335.1
Borrowings and bank overdrafts   36.1 -
Lease liabilities   10.5 9.8
Trade and other payables   195.0 177.2
Current tax payable   30.3 25.4
Provisions 15 9.9 14.8
Derivative financial liabilities 13 1.6 0.6
Total current liabilities   283.4 227.8
Total liabilities   590.7 562.9
Total net assets   429.6 349.6
Equity      
Share capital   71.3 71.3
Share premium   111.7 111.7
Reserves   35.1 18.5
Retained earnings   170.9 109.1
Total equity attributable to shareholders of the Company   389.0 310.6
Non-controlling interests   40.6 39.0
Total equity   429.6 349.6

See our full Financial Highlights to learn more, or view our Cash Flow and Income Statement to see our latest performance.

See our full Financial Highlights to learn more, or view our Cash Flow and Income Statement to see our latest performance.