Consolidated balance sheet
As at 31 March 2009
| Notes | Year to 31.3.2009 £m |
Year to 31.3.2008 £m |
|
| Non-current assets | |||
| Goodwill | 10 | 3.6 | 3.6 |
| Other intangible assets | 10 | 64.2 | 64.2 |
| Property, plant and equipment | 11 | 3,388.2 | 3,256.3 |
| Investments in jointly controlled entities | 12 | 3.8 | 3.8 |
| Financial assets | 14.0 | 16.4 | |
| Pension asset | 25 | – | 90.5 |
| Amounts receivable relating to consortium relief | 1.7 | – | |
| 3,475.5 | 3,434.8 | ||
| Current assets | |||
| Inventories | 13 | 3.2 | 3.4 |
| Trade and other receivables | 14 | 131.7 | 125.1 |
| Short term cash deposits | 15 | 160.6 | – |
| Cash and cash equivalents | 15 | 108.8 | 294.2 |
| 404.3 | 422.7 | ||
| Total assets | 3,879.8 | 3,857.5 | |
| Non-current liabilities | |||
| Interest bearing loans and borrowings | 17 | 2,465.3 | 2,326.4 |
| Provisions | 19 | 2.5 | 2.8 |
| Deferred income tax liabilities | 7 | 596.5 | 525.4 |
| Pension liability | 25 | 119.4 | – |
| Other payables | 8.1 | 9.0 | |
| Grants | 215.6 | 209.0 | |
| 3,407.4 | 3,072.6 | ||
| Current liabilities | |||
| Interest bearing loans and borrowings | 17 | 49.2 | 136.3 |
| Provisions | 19 | 0.2 | 0.2 |
| Trade and other payables | 16 | 147.8 | 152.9 |
| Interest rate swaps | 20 | 11.7 | – |
| Income tax payable | 6.1 | 3.7 | |
| 215.0 | 293.1 | ||
| Total liabilities | 3,622.4 | 3,365.7 | |
| Net assets | 257.4 | 491.8 | |
| Capital and reserves | |||
| Issued capital | 21/22 | 51.9 | 51.9 |
| Share premium reserve | 22 | 446.5 | 446.5 |
| Cash flow hedge reserve | 22 | (7.6) | 1.0 |
| Treasury shares | 22 | (2.3) | (0.8) |
| Currency translation | 22 | 1.0 | 0.1 |
| Retained earnings | 22 | (234.5) | (8.6) |
| Equity shareholders’ funds | 255.0 | 490.1 | |
| Minority interests | 22 | 2.4 | 1.7 |
| Total capital and reserves | 257.4 | 491.8 | |
Approved by the Board on 2 June 2009 and signed on its behalf by:
Sir Derek Wanless
Chairman
John Cuthbert
Managing Director