Group balance sheet

31 March 2016

Notes 2016
£m
2015
£m
Non-current assets      
Goodwill 14
247.7 236.6
Other intangible assets 15 210.0 166.5
Property, plant and equipment 16 34.9 31.3
Investments 17 7.8 4.4
Deferred tax assets 21 6.8 9.5
Retirement benefit assets 36 2.1 0.1
    509.3 448.4
Current assets      
Inventories 18 2.9 0.8
Trade and other receivables 19 367.7 318.8
Cash and cash equivalents 19 54.2 74.7
    424.8 394.3
Total assets   934.1 842.7
Current liabilities      
Trade and other payables 22 (360.7) (308.2)
Current tax liabilities   (7.0) (7.1)
Obligations under finance leases 34 (0.9) (0.6)
Bank and other loans 20 (25.0) -
    (393.6) (315.9)
Net current assets   31.2 78.4
Non-current liabilities      
Bank and other loans 20 (196.5) (137.6)
Other financial liabilities 23 (5.6) (2.1)
Deferred tax liabilities 21 (20.5) (18.0)
Obligations under finance leases 34 (1.3) (0.6)
    (223.9) (158.3)
Total liabilities   (617.5) (474.2)
Net assets   316.6 368.5
Equity      
Share capital 24 8.3 8.3
Share premium account 25 41.1 40.5
Merger reserve 26 71.0 71.0
Own shares reserve 27 (0.1) (11.1)
Share incentive reserve 28 16.0 15.7
Capital redemption reserve 29 1.2 1.2
Currency translation reserve 30 5.5 (9.3)
Available for sale reserve 17 1.8 -
Retained earnings   171.8 252.2
Total equity 316.6 368.5

The financial statements 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