Balance Sheet: Half Year 2021

For half year ended 30 June 2021

? ? At 30 June 2021 At 30 June 2020 restated 1,2 At 31 December 2020
? Note ￡m ￡m ￡m
Assets ? ? ? ?
Property, plant and equipment 9 251.0 286.8 267.6
Right-of-use assets ? 33.2 41.0 35.5
Intangible assets 10 183.6 196.3 185.4
Investments ? - 6.7 7.2
Other receivables ? 2.8 2.8 4.0
Deferred tax assets ? 13.8 11.8 14.4
Total non-current assets ? 484.4 545.4 514.1
Inventories ? 128.7 149.8 122.4
Derivative financial assets 12 0.7 0.6 1.0
Trade and other receivables ? 161.2 176.3 143.6
Current tax receivable ? 0.5 1.8 1.6
Cash and cash equivalents 11 107.6 197.0 147.8
Total current assets ? 398.7 525.5 416.4
Total assets ? 883.1 1070.9 930.5
Liabilities ? ? ? ?
Borrowings ? 172.7 188.9 177.5
Lease liabilities ? 41.1 51.5 43.1
Employee benefits: pensions 13 128.2 165.2 176.3
Provisions 14 11.7 9.6 8.5
Non-trade payables ? 3.6 2.5 4.9
Deferred tax liabilities ? 0.5 1.0 0.5
Total non-current liabilities ? 357.8 418.7 410.8
Borrowings and bank overdrafts ? 0.1 156.9 71.3
Lease liabilities ? 10.3 12.0 11.5
Trade and other payables ? 165.1 160.8 148.4
Current tax payable ? 24.0 31.6 20.4
Provisions 14 21.8 10.4 27.3
Derivative financial liabilities 12 0.4 1.4 0.8
Total current liabilities ? 221.7 373.1 279.7
Total liabilities ? 579.5 791.8 690.5
Total net assets ? 303.6 279.1 240.0
Equity ? ? ? ?
Share capital ? 71.3 71.3 71.3
Share premium ? 111.7 111.7 111.7
Reserves ? 13.8 31.8 18.7
Retained earnings ? 67.0 24.8 0.6
Total equity attributable to shareholders of the Company ? 263.8 239.6 202.3
Non-controlling interests ? 39.8 39.5 37.7
Total equity ? 303.6 279.1 240.0
1. Comparative information has been restated to include the Group’s cumulative preference shares within borrowings. The cumulative preference shares were previously presented in equity, see note 1 for further details.
2. Cash and cash equivalents and borrowings have been restated to meet the presentational requirements of IAS 32 as further described in note 1. This has had no impact on net assets or net debt*.