Annual report & review 2006 - Shopic.com
Annual report & review 2006 - Shopic.com
Annual report & review 2006 - Shopic.com
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Summary financial statements<br />
CONSOLIDATED BALANCE SHEET<br />
Note <strong>2006</strong> 2005<br />
Restated<br />
€m €m<br />
Fixed assets<br />
Intangible assets – goodwill 7 221.3 263.9<br />
Tangible assets 8 270.7 327.8<br />
Financial assets 9 14.0 16.5<br />
506.0 608.2<br />
Current assets<br />
Stocks 147.5 156.0<br />
Trade debtors and prepayments 543.4 492.9<br />
Investments 7.2 16.2<br />
Cash at bank and in hand 159.3 137.5<br />
857.4 802.6<br />
Current liabilities – amounts falling due within one year<br />
Bank overdrafts and loans 10 (178.7) (208.5)<br />
Trade and other creditors (598.6) (587.1)<br />
Creditors for taxation and social welfare (29.9) (27.7)<br />
(807.2) (823.3)<br />
Net current assets/(liabilities) 50.2 (20.7)<br />
Total assets less current liabilities 556.2 587.5<br />
Bank loans – amounts falling due after more than one year (158.7) (241.4)<br />
Other creditors – amounts falling due after more than one year (1.0) (1.1)<br />
Provisions for liabilities and charges 11 (35.4) (27.0)<br />
Pension liability 18 (52.4) (75.7)<br />
308.7 242.3<br />
Capital and reserves<br />
Called up share capital 29.8 29.8<br />
Share premium account 14 2.7 2.7<br />
Capital redemption reserve 14 1.5 1.5<br />
Revaluation and other reserves 14 60.3 60.0<br />
Profit and loss account 14 214.4 148.3<br />
Equity shareholders’ funds 15 308.7 242.3<br />
On behalf of the board<br />
Chris Martin<br />
Group Chief Executive Officer<br />
Tim Kenny<br />
Group Finance Director<br />
53<br />
Musgrave Group Plc <strong>Annual</strong> Report & Review <strong>2006</strong>
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