Group balance sheet

31 March 2017

Notes 2017
£m
2016
£m
Non-current assets      
Goodwill 13 301.9 247.7
Other intangible assets 14 288.6 210.0
Property, plant and equipment 15 37.0 34.9
Interests in associates 18 32.1 -
Investments 17 8.5 7.8
Deferred tax assets 22 7.6 6.8
Retirement benefit assets 40 0.7 2.1
    676.4 509.3
Current assets      
Inventories 19 2.7 2.9
Trade and other receivables 20 455.1 367.7
Cash and cash equivalents 20 46.2 54.2
    504.0 424.8
Total assets   1,180.4 934.1
Current liabilities      
Trade and other payables 23 (456.2) (360.7)
Current tax liabilities   (9.2) (7.0)
Obligations under finance leases 38 (0.6) (0.9)
Bank and other loans 21 (35.9) (25.0)
    (501.9) (393.6)
Net current assets   2.1 31.2
Non-current liabilities      
Bank and other loans 21 (270.1) (196.5)
Other financial liabilities 24 (14.4) (5.6)
Deferred tax liabilities 22 (23.0) (20.5)
Obligations under finance leases 38 (1.0) (1.3)
    (308.5) (223.9)
Total liabilities   (810.4) (617.5)
Net assets   370.0 316.6
Equity      
Share capital 25 8.4 8.3
Share premium account 26 45.7 41.1
Merger reserve 27 71.0 71.0
Own shares reserve 28 - (0.1)
Share incentive reserve 29 18.3 16.0
Capital redemption reserve 30 1.2 1.2
Currency translation reserve 31 26.3 5.5
Available for sale reserve 32 1.8 1.8
Retained earnings   196.5 171.8
Attributable to equity holders of the parent 369.2 316.6
Non-controlling interests 33 0.8 -
Total equity 370.0 316.6

The financial statements 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