Balance Sheet: Half Year 2020

For half year ended 30 June 2020

    At 30 June 2020  At 30 June 2019  At 31 December 2019
  Note £m £m £m
Assets        
Property, plant and equipment   8 286.8 321.1 317.2
Right-of-use assets    41.0 52.0 49.1
Intangible assets   9 196.3 213.8 204.8
Investments    6.7 5.9 6.5
Other receivables    2.8 5.1 5.7
Deferred tax assets    11.8 12.5 6.0
Total non-current assets    545.4 610.4 589.3
Inventories    149.8 152.7 142.3
Derivative financial assets  11 0.6 0.3 1.5
Trade and other receivables    176.3 208.9 181.0
Current tax receivable    1.8 0.9 2.3
Cash and cash equivalents 10 122.7 59.7 68.7
Total current assets    451.2 422.5 395.8
Total assets    996.6 1,032.9 985.1
Liabilities        
Borrowings    188.4 184.9 176.2
Lease liabilities   51.5 57.2 52.6
Employee benefits: pensions  12 165.2 195.6 156.8
Provisions 13 9.6 8.5 9.2
Non-trade payables    2.5 2.5 2.5
Deferred tax liabilities    1.0 10.8 4.9
Total non-current liabilities    418.2 459.5 402.2
Borrowings and bank overdrafts    82.6 68.7 49.3
Lease liabilities   12.0 11.8 11.7
Trade and other payables    160.8 178.7 173.3
Current tax payable    31.6 27.0 26.9
Provisions  13 10.4 9.5 8.9
Derivative financial liabilities  11 1.4 0.5 0.6
Total current liabilities    298.8 296.2 270.7
Total liabilities    717.0 755.7 672.9
Total net assets   279.6 277.2 312.2
Equity        
Share capital    71.8 71.8 71.8
Share premium    111.7 111.7 111.7
Reserves    31.6 38.7 22.5
Retained earnings   25.0 9.0 64.7
Total equity attributable to shareholders of the Company    240.1 231.2 270.7
Non-controlling interests    39.5 46.0 41.5
Total equity   279.6 277.2 312.2

See our 2019 full year Financial Highlights to learn more.