Balance sheets
| |
|
|
Group |
Company |
| As at 31 March |
Notes |
|
2008
£m |
|
2007
£m |
|
2008
£m |
|
2007
£m |
| |
|
|
|
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
|
| Non-current assets |
|
|
|
|
|
|
|
|
|
| Goodwill |
11 |
|
– |
|
– |
|
– |
|
– |
| Other intangible assets |
12 |
|
0.2 |
|
0.2 |
|
0.2 |
|
0.2 |
| Property, plant and equipment |
13 |
|
2.1 |
|
4.0 |
|
2.1 |
|
4.0 |
| Investment in subsidiaries |
15 |
|
– |
|
– |
|
34.6 |
|
35.4 |
| Available for sale financial assets |
16 |
|
2.0 |
|
2.0 |
|
2.0 |
|
2.0 |
| Deferred tax assets |
29 |
|
4.6 |
|
4.6 |
|
4.6 |
|
4.6 |
| |
|
|
8.9 |
|
10.8 |
|
43.5 |
|
46.2 |
| Current assets |
|
|
|
|
|
|
|
|
|
| Inventories |
17 |
|
0.2 |
|
0.1 |
|
0.2 |
|
0.1 |
| Trade and other receivables |
18 |
|
16.1 |
|
15.1 |
|
16.2 |
|
15.1 |
| Current tax assets |
19 |
|
– |
|
0.1 |
|
– |
|
0.1 |
| Cash and cash equivalents |
20 |
|
1.0 |
|
3.6 |
|
0.9 |
|
3.6 |
| |
|
|
17.3 |
|
18.9 |
|
17.3 |
|
18.9 |
| Total assets |
|
|
26.2 |
|
29.7 |
|
60.8 |
|
65.1 |
| |
|
|
|
|
|
|
|
|
|
| EQUITY |
|
|
|
|
|
|
|
|
|
| Capital and reserves attributable to the Company’s
equity shareholders |
|
|
|
|
|
|
|
|
|
| Share capital and share premium |
21 |
|
55.6 |
|
49.2 |
|
55.6 |
|
49.2 |
| Capital redemption reserve |
22 |
|
0.7 |
|
0.7 |
|
0.7 |
|
0.7 |
| Fair value and other reserves |
22 |
|
35.0 |
|
4.6 |
|
35.0 |
|
4.6 |
| Retained deficit |
23 |
|
(190.5) |
|
(199.0) |
|
(224.0) |
|
(227.3) |
| Total equity |
|
|
(99.2) |
|
(144.5) |
|
(132.7) |
|
(172.8) |
| |
|
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
|
| Non-current liabilities |
|
|
|
|
|
|
|
|
|
| Trade and other payables |
24 |
|
0.1 |
|
0.5 |
|
0.1 |
|
0.4 |
| Borrowings |
25 |
|
0.1 |
|
0.1 |
|
0.1 |
|
0.1 |
| Retirement benefit liabilities |
27 |
|
60.0 |
|
92.2 |
|
60.0 |
|
92.2 |
| Provisions for liabilities and charges |
28 |
|
19.7 |
|
26.0 |
|
19.7 |
|
26.0 |
| |
|
|
79.9 |
|
118.8 |
|
79.9 |
|
118.7 |
| Current liabilities |
|
|
|
|
|
|
|
|
|
| Trade and other payables |
24 |
|
25.1 |
|
30.1 |
|
93.2 |
|
93.9 |
| Borrowings |
25 |
|
20.3 |
|
24.9 |
|
20.3 |
|
24.9 |
| Derivative financial instruments |
26 |
|
0.1 |
|
– |
|
0.1 |
|
– |
| Current tax liabilities |
30 |
|
– |
|
0.4 |
|
– |
|
0.4 |
| |
|
|
45.5 |
|
55.4 |
|
113.6 |
|
119.2 |
| Total liabilities |
|
|
125.4 |
|
174.2 |
|
193.5 |
|
237.9 |
| Total equity and liabilities |
|
|
26.2 |
|
29.7 |
|
60.8 |
|
65.1 |
The Notes to the financial statements are an integral part of these financial statements.
The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2008.
| image here |
image here |
| Andrew McCree |
Alice Cummings |
| CEO |
CFO |
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