Full Annual Report - Inchcape

Financial statements
Consolidated statement of financial position
As at 31 December 2009
Non-current assets
Intangible assets 11 545.6 537.4
Property, plant and equipment 12 656.6 708.1
Investments in joint ventures and associates 13 22.3 21.3
Available for sale financial assets 14 17.8 17.9
Trade and other receivables 15 25.4 26.5
Deferred tax assets 16 37.6 11.5
Retirement benefit asset 5 0.8 49.4
Notes
2009
£m
2008
£m
1,306.1 1,372.1
Current assets
Inventories 17 772.7 1,084.1
Trade and other receivables 15 252.9 271.8
Available for sale financial assets 14 0.7 2.0
Derivative financial instruments 23 91.0 306.9
Current tax assets 5.1 6.0
Cash and cash equivalents 18 381.3 458.0
1,503.7 2,128.8
Assets held for sale 19 6.6 5.4
1,510.3 2,134.2
Total assets 2,816.4 3,506.3
Current liabilities
Trade and other payables 20 (939.1) (1,123.9)
Derivative financial instruments 23 (21.8) –
Current tax liabilities (46.4) (48.2)
Provisions 21 (46.7) (50.6)
Borrowings 22 (166.0) (165.3)
(1,220.0) (1,388.0)
Non-current liabilities
Trade and other payables 20 (68.8) (78.1)
Provisions 21 (47.7) (52.0)
Deferred tax liabilities 16 (15.4) (69.1)
Borrowings 22 (299.2) (856.1)
Retirement benefit liability 5 (75.6) (43.4)
(506.7) (1,098.7)
Total liabilities (1,726.7) (2,486.7)
Net assets 1,089.7 1,019.6
Shareholders’ equity
Share capital 24 163.3 121.9
Share premium 126.1 126.1
Capital redemption reserve 16.4 16.4
Other reserves 25 112.4 273.1
Retained earnings 649.5 458.0
Equity attributable to equity holders of the parent 1,067.7 995.5
Minority interests 22.0 24.1
Total shareholders’ equity 1,089.7 1,019.6
The consolidated Financial statements on pages 78 to 135 were approved by the Board of Directors on 9 March 2010 and were signed
on its behalf by:
André Lacroix, Chief Executive Officer
John McConnell, Group Finance Director
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Inchcape plc ¦ Annual Report and Accounts 2009