Balance Sheet: Full Year 2020

As at 31 December 2020

   

As at

31 December

2020

As at

31 December

20191,2

  Note £m £m
Assets      
Property, plant and equipment 9 267.6 317.2
Right-of-use assets 10 35.5 49.1
Intangible assets 11 185.4 204.8
Investments   7.2 6.5
Other receivables   4.0 5.7
Deferred tax assets   14.4 6.0
Total non-current assets   514.1 589.3
Inventories   122.4 142.3
Derivative financial assets  13 1.0 1.5
Trade and other receivables   143.6 181.0
Current tax receivable   1.6 2.3
Cash and cash equivalents 12 147.8 132.8
Total current assets   416.4 459.9
Total assets   930.5 1,049.2
Liabilities      
Borrowings   177.5 176.7
Lease liabilities   43.1 52.6
Employee benefits: pensions 14 176.3 156.8
Provisions 15 8.5 9.2
Non-trade payables   4.9 2.5
Deferred tax liabilities   0.5 4.9
Total non-current liabilities   410.8 402.7
Borrowings and bank overdrafts   71.3 113.4
Lease liabilities   11.5 11.7
Trade and other payables   148.4 173.3
Current tax payable   20.4 26.9
Provisions 15 27.3 8.9
Derivative financial liabilities 13 0.8 0.6
Total current liabilities   279.7 334.8
Total liabilities   690.5 737.5
Total net assets   240.0 311.7
Equity      
Share capital   71.3 71.3
Share premium   111.7 111.7
Reserves   18.7 22.5
Retained earnings   0.6 64.7
Total equity attributable to shareholders of the Company   202.3 270.2
Non-controlling interests   37.7 41.5
Total equity   240.0 311.7
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*.

 

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