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*.