Company balance sheet

31 March 2017

Notes 2017
£m
2016
£m
Non-current assets      
Other intangible assets 46 4.8 3.3
Property, plant and equipment 47 0.3 0.2
Investment in subsidiaries 48 194.6 194.6
Deferred tax assets 51 0.8 1.1
Retirement benefit assets 40 0.7 2.1
    201.2 201.3
     
Current assets      
Trade and other receivables 49 371.3 232.7
Cash and cash equivalents 49 - 62.1
    371.3 294.8
Total assets   572.5 496.1
     
Current liabilities      
Trade and other payables 50 (12.5) (22.9)
Current tax liabilities   (5.4) (6.1)
Bank and other loans 54 (40.1) (25.0)
    (58.0) (54.0)
Net current assets   313.3 240.8
     
Non-current liabilities      
Bank and other loans 54 (268.2) (194.4)
    (268.2) (194.4)
Total liabilities   (326.2) (248.4)
Net assets   246.3 247.7
     
Equity      
Share capital 25 8.4 8.3
Share premium account 26 45.7 41.1
Merger reserve 27 71.0 71.0
Share incentive reserve 55 16.2 13.9
Capital redemption reserve 30 1.2 1.2
Retained earnings   103.8 112.2
Total equity 246.3 247.7

As provided by s408 of the Companies Act 2006, the Company has not presented its own income statement. The Company’s profit for the year was £33.4m (FY16: £111.1m).

The financial statements of HomeServe plc were approved by the Board of Directors and authorised for issue on 23 May 2017. They were signed on its behalf by:

David Bower
Chief Financial Officer
23 May 2017

Registered in England No. 2648297