BALANCE SHEETS AT 31 MARCH 2010
Notes |
Group |
Company |
||||
2010 |
2009 |
2008 |
2010 |
2009 |
||
Assets |
||||||
Non-current assets |
||||||
Goodwill |
254.4 |
236.5 |
235.9 |
- |
- |
|
Other intangible assets |
5.1 |
5.4 |
6.6 |
- |
- |
|
Property, plant and equipment |
2,822.7 |
2,745.8 |
2,644.7 |
0.2 |
0.2 |
|
Other non-current assets |
101.0 |
46.2 |
38.4 |
338.5 |
271.3 |
|
Derivative financial instruments |
- |
0.2 |
4.0 |
- |
- |
|
Deferred tax assets |
- |
- |
- |
5.0 |
2.6 |
|
Investments in subsidiary undertakings |
- |
- |
- |
1,032.0 |
944.8 |
|
Investments in joint ventures |
0.2 |
2.2 |
1.4 |
- |
- |
|
3,183.4 |
3,036.3 |
2,931.0 |
1,375.7 |
1,218.9 |
||
Current assets |
||||||
Inventories |
6.4 |
5.8 |
6.6 |
- |
- |
|
Trade and other receivables |
194.9 |
178.3 |
164.7 |
84.5 |
70.2 |
|
Derivative financial instruments |
3.4 |
- |
11.9 |
3.4 |
- |
|
Current tax recoverable |
- |
- |
- |
1.3 |
2.4 |
|
Cash and cash deposits |
493.9 |
353.3 |
357.4 |
174.6 |
168.7 |
|
698.6 |
537.4 |
540.6 |
263.8 |
241.3 |
||
Liabilities |
||||||
Current liabilities |
||||||
Borrowings |
(229.0) |
(262.9) |
(57.7) |
(351.2) |
(486.0) |
|
Derivative financial instruments |
(3.6) |
(3.6) |
(17.0) |
- |
(1.4) |
|
Trade and other payables |
(195.8) |
(166.8) |
(204.0) |
(17.3) |
(7.6) |
|
Current tax liabilities |
(83.6) |
(44.8) |
(44.1) |
- |
- |
|
Provisions |
(21.5) |
(18.8) |
(18.1) |
- |
- |
|
(533.5) |
(496.9) |
(340.9) |
(368.5) |
(495.0) |
||
Net current assets/(liabilities) |
165.1 |
40.5 |
199.7 |
(104.7) |
(253.7) |
|
Non-current liabilities |
||||||
Borrowings |
(2,160.2) |
(1,982.4) |
(2,062.8) |
(462.8) |
(189.5) |
|
Other non-current liabilities |
(16.0) |
(3.7) |
(4.0) |
(8.7) |
(8.7) |
|
Derivative financial instruments |
(14.1) |
(16.5) |
(0.5) |
- |
- |
|
Retirement benefit obligations |
(107.9) |
(66.0) |
(26.3) |
(11.7) |
(7.3) |
|
Deferred tax liabilities |
(311.2) |
(328.4) |
(307.4) |
- |
- |
|
Provisions |
(78.2) |
(79.2) |
(84.2) |
- |
- |
|
(2,687.6) |
(2,476.2) |
(2,485.2) |
(483.2) |
(205.5) |
||
Net assets |
660.9 |
600.6 |
645.5 |
787.8 |
759.7 |
|
Shareholders' equity |
||||||
Share capital |
145.3 |
144.5 |
144.5 |
145.3 |
144.5 |
|
Share premium account |
10.9 |
11.7 |
11.7 |
10.9 |
11.7 |
|
Capital redemption reserve |
144.2 |
144.2 |
144.2 |
144.2 |
144.2 |
|
Retained earnings and other reserves |
360.5 |
300.2 |
345.1 |
487.4 |
459.3 |
|
Total shareholders' equity |
660.9 |
600.6 |
645.5 |
787.8 |
759.7 |
|
The notes to the financial statements form part of these financial statements.
The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2010 and were signed on its behalf by:
K G HARVEY Chairman
Pennon Group Plc Registered Office: Peninsula House, Rydon Lane, Exeter, Devon, England EX2 7HR Registered in England No. 2366640