Annual Report and Accounts 2007

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• Financial Statements
  • Consolidated Income Statement
  • Consolidated Statement of Recognised Income and Expense
  • Consolidated Balance Sheet
  • Consolidated Cash Flow Statement
  • Notes to the Consolidated Financial Statements
  • Independent Auditors' Report
  • Company Balance Sheet
  • Notes to the Company Financial Statements
  • Independent Auditors' Report
  • Particulars of Principal Subsidiary Undertakings
  • Five Year Review
  • Additional Pro Forma Unaudited Financial Information
• 

at 31 December 2007	Notes	2007 £m	2006 £m
Non-current assets		1,113.3	596.2
Goodwill 11 699.8 363.1 Other intangible assets 12 120.5 – Property, plant and equipment 13 39.0 25.5 Interests in joint ventures 14 59.9 56.2 Trade and other receivables 18 76.4 56.0 Deferred tax assets 15 117.7 95.4     1,113.3 596.2
Current assets		6,555.9	3,497.6
Inventories 16 6,017.8 2,946.5 Trade and other receivables 18 391.3 294.9 Tax receivables   16.8 19.7 Cash and cash equivalents 18 130.0 236.5     6,555.9 3,497.6
Total assets		7,669.2	4,093.8
Current liabilities		(1,756.5)	(1,014.9)
Trade and other payables 21 (1,540.3) (926.0) Tax payables   (154.4) (74.1) Debenture loans 20 (1.4) (2.5) Bank loans and overdrafts 19 (12.2) (12.3) Provisions 24 (48.2) –     (1,756.5) (1,014.9)
Net current assets		4,799.4	2,482.7
Non-current liabilities		(2,207.5)	(973.4)
Trade and other payables 21 (388.4) (123.1) Debenture loans 20 (823.3) (610.6) Bank loans 19 (708.5) (2.4) Retirement benefit obligation 23 (219.1) (208.6) Deferred tax liabilities 15 (29.8) (0.8) Provisions 24 (38.4) (27.9)     (2,207.5) (973.4)
Total liabilities		(3,964.0)	(1,988.3)
Net assets		3,705.2	2,105.5
Equity
Share capital	25	289.6	148.5
Share premium account	26	758.1	758.8
Merger relief reserve	27	1,934.2	–
Revaluation reserve	28	0.5	1.5
Own shares	29	(282.0)	(45.0)
Share-based payment tax reserve	30	5.6	8.2
Capital redemption reserve	31	31.5	31.5
Other reserve		4.8	4.8
Translation reserve	32	3.7	(19.1)
Retained earnings	33	957.1	1,214.3
Equity attributable to equity holders of the parent		3,703.1	2,103.5
Minority interests		2.1	2.0
Total equity		3,705.2	2,105.5

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2008. They were signed on its behalf by:

N B M Askew
Director

P T Johnson
Director