Company balance sheet

31 March 2016

Notes 2016
£m
2015
£m
Non-current assets      
Other intangible assets 42
3.3 2.3
Property, plant and equipment 43 0.2 -
Investment in subsidiaries 44 194.6 194.6
Deferred tax assets 47 1.1 1.6
Retirement benefit assets 50 2.1 0.1
    201.3 198.6
     
Current assets      
Trade and other receivables 45 232.7 182.0
Cash and cash equivalents 45 62.1 46.2
    294.8 228.2
Total assets   496.1 426.8
     
Current liabilities      
Trade and other payables 46 (22.9) (8.9)
Current tax liabilities   (6.1) (3.4)
Provisions 20 (25.0) -
    (54.0) (12.3)
Net current assets   240.8 215.9
     
Non-current liabilities      
Bank loans 20 (194.4) (135.6)
    (194.4) (135.6)
Total liabilities   (248.4) (147.9)
Net assets   247.7 278.9
     
Equity      
Share capital 24 8.3 8.3
Share premium account 25 41.1 40.5
Merger reserve 26 71.0 71.0
Share incentive reserve 51 13.9 13.3
Capital redemption reserve 29 1.2 1.2
Retained earnings   112.2 144.6
Total equity 247.7 278.9

The financial statements of HomeServe plc were approved by the Board of Directors and authorised for issue on 24 May 2016. They were signed on its behalf by:

Johnathan Ford
Chief Financial Officer
24 May 2016

Registered in England No. 2648297