Consolidated Balance Sheet
of The BSS Group plc as at 31 March 2010
| Notes | 2010 £m |
Restated 2009 £m |
|
|---|---|---|---|
| Assets | |||
| Non-current assets | |||
| Fixed asset investment | 30 | ||
| – Share of gross assets | 0.4 | – | |
| – Share of gross liabilities | (0.1) | – | |
| Goodwill | 9 | 88.0 | 79.9 |
| Intangible assets | 10 | 50.6 | 45.6 |
| Property, plant and equipment | 11 | 41.7 | 41.1 |
| Financial assets | |||
| – Derivative financial instruments | 16 | 17.1 | 25.5 |
| Deferred tax assets | 17 | 7.9 | 9.8 |
| 205.6 | 201.9 | ||
| Current assets | |||
| Inventories | 12 | 179.4 | 172.6 |
| Trade and other receivables | 13 | 275.7 | 239.6 |
| Financial assets | |||
| – Cash and cash equivalents | 10.3 | 10.8 | |
| – Derivative financial instruments | 16 | – | 0.1 |
| 465.4 | 423.1 | ||
| Liabilities | |||
| Current liabilities | |||
| Financial liabilities | |||
| – Borrowings | 15 | (14.1) | – |
| Trade and other payables | 14 | (259.8) | (224.6) |
| Current tax liabilities | 14 | (6.4) | (7.0) |
| Provisions | 18 | (1.1) | (0.9) |
| (281.4) | (232.5) | ||
| Net current assets | 184.0 | 190.6 | |
| Non-current liabilities | |||
| – Borrowings at contracted rates | (81.5) | (96.8) | |
| – US$ Loan note fair value adjustment | (14.7) | (21.3) | |
| Financial liabilities | 15 | (96.2) | (118.1) |
| Deferred tax liabilities | 17 | (9.2) | (9.7) |
| Retirement benefit liabilities | 4 | (26.2) | (30.9) |
| Provisions | 18 | (2.1) | (2.2) |
| (133.7) | (160.9) | ||
| Net assets | 255.9 | 231.6 | |
| Shareholders' equity | |||
| Share capital | 19 | 6.2 | 6.2 |
| Share premium | 20 | 35.4 | 33.6 |
| Other reserves | 21 | 13.6 | 15.1 |
| Retained earnings | 22 | 200.7 | 176.7 |
| Total equity | 255.9 | 231.6 | |
The financial statements of The BSS Group plc (registered number 60987) were approved and authorised for issue by the Board on 25 May 2010
Gavin Slark
Group Chief Executive
Roddy Murray
Group Finance Director
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