Punch Taverns plc 2011 Annual Report
Punch Taverns plc 2011 Annual Report
Punch Taverns plc 2011 Annual Report
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50<br />
<strong>Punch</strong> <strong>Taverns</strong> <strong>plc</strong><br />
<strong>Annual</strong> <strong>Report</strong> and Financial Statements <strong>2011</strong><br />
Company balance sheet<br />
at 20 August <strong>2011</strong><br />
20 August<br />
<strong>2011</strong><br />
£m<br />
21 August<br />
2010<br />
£m<br />
Notes<br />
Assets<br />
Non-current assets<br />
Investments in subsidiary undertakings 15 1,340.8 1,335.8<br />
Receivables 16 973.3 1,252.8<br />
Deferred tax assets 17 10.5 –<br />
2,324.6 2,588.6<br />
Current assets<br />
Receivables 16 4.0 11.3<br />
Cash and cash equivalents 19 0.6 166.6<br />
4.6 177.9<br />
Total assets 2,329.2 2,766.5<br />
Liabilities<br />
Current liabilities<br />
Other payables 21 (124.5) (116.7)<br />
(124.5) (116.7)<br />
Non-current liabilities<br />
Other liabilities 25 (1,500.2) (1,401.8)<br />
(1,500.2) (1,401.8)<br />
Total liabilities (1,624.7) (1,518.5)<br />
Net assets 704.5 1,248.0<br />
Shareholders’ equity<br />
Called-up share capital 26 0.3 0.3<br />
Share premium 455.0 455.0<br />
Share-based payment reserve 12.1 8.5<br />
Retained earnings 237.1 784.2<br />
Total shareholders’ equity 704.5 1,248.0<br />
On behalf of the Board<br />
Roger Whiteside Steve Dando<br />
19 October <strong>2011</strong> 19 October <strong>2011</strong>
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