Consolidated Income Statement
Consolidated Cash Flow Statement
As at 30 April 2008
| Notes | 2008 £m |
2007 £m |
|
|---|---|---|---|
| ASSETS Non-current assets |
|||
| Goodwill | 11 | 95.5 | 92.8 |
| Other intangible assets | 12 | 24.7 | 20.9 |
| Property, plant and equipment | 13 | 652.4 | 599.2 |
| Interests in joint ventures | 14 | 33.9 | 39.1 |
| Available for sale and other investments | 16 | 1.8 | 1.1 |
| Derivative instruments at fair value | 28(j) | 11.0 | Nil |
| Retirement benefit assets | 27 | 51.6 | 16.6 |
| Deferred tax asset | 25 | 6.9 | 6.8 |
| Other receivables | 21 | 2.9 | 2.9 |
| 880.7 | 779.4 | ||
| Current assets | |||
| Inventories | 20 | 21.3 | 11.7 |
| Trade and other receivables | 21 | 185.0 | 142.1 |
| Derivative instruments at fair value | 28(j) | 33.4 | 1.7 |
| Foreign tax recoverable | 0.1 | 0.3 | |
| Cash and cash equivalents | 22 | 262.2 | 513.3 |
| 502.0 | 669.1 | ||
| Total assets | 1,382.7 | 1,448.5 | |
| LIABILITIES Current liabilities |
|||
| Trade and other payables | 23 | 467.2 | 345.9 |
| Current tax liabilities | 10.1 | 24.6 | |
| Borrowings | 24 | 79.4 | 70.9 |
| Derivative instruments at fair value | 28(j) | 1.4 | 3.7 |
| Provisions | 26 | 47.2 | 50.7 |
| 605.3 | 495.8 | ||
| Non-current liabilities | |||
| Other payables | 23 | 25.0 | 10.8 |
| Borrowings | 24 | 514.7 | 272.4 |
| Derivative instruments at fair value | 28(j) | 2.3 | 2.6 |
| Deferred tax liabilities | 25 | 64.6 | 44.1 |
| Provisions | 26 | 72.0 | 57.7 |
| Retirement benefit obligations | 27 | 18.4 | 52.8 |
| 697.0 | 440.4 | ||
| Total liabilities | 1,302.3 | 936.2 | |
| Net assets | 80.4 | 512.3 | |
| EQUITY | |||
| Ordinary share capital | 29 | 7.0 | 7.0 |
| Share premium account | 31 | 8.0 | 179.4 |
| Retained earnings | 31 | (363.6) | 91.8 |
| Capital redemption reserve | 31 | 410.8 | 243.0 |
| Own shares | 31 | (12.6) | (7.3) |
| Translation reserve | 31 | 5.7 | 3.0 |
| Available for sale reserve | 31 | 0.6 | Nil |
| Cash flow hedging reserve | 31 | 24.5 | (4.6) |
| Total equity | 80.4 | 512.3 | |
These financial statements have been approved for issue by the Board of Directors on 25 June 2008.
 |
 |
BRIAN SOUTER Chief Executive |
MARTIN A GRIFFITHS Finance Director |
The accompanying notes form an integral part of the consolidated statement of recognised income and expense.
