FSA Annual Report 2006/07 - Better Regulation Ltd
FSA Annual Report 2006/07 - Better Regulation Ltd
FSA Annual Report 2006/07 - Better Regulation Ltd
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Section five – Financial statements<br />
<strong>FSA</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2006</strong>/<strong>07</strong><br />
71<br />
Balance sheet as at 31 March 20<strong>07</strong><br />
Notes 20<strong>07</strong> <strong>2006</strong><br />
£m £m<br />
Non current assets<br />
Intangible assets 9 15.1 10.1<br />
Property, plant and equipment 10 18.2 19.5<br />
33.3 29.6<br />
Current assets<br />
Trade and other receivables 11 10.6 9.9<br />
Trading investments 12 1.9 18.2<br />
Cash and cash equivalents 11 47.8 37.6<br />
60.3 65.7<br />
Total assets 93.6 95.3<br />
Current liabilities<br />
Trade and other payables 13 (79.1) (72.9)<br />
Current tax liabilities (0.8) (0.8)<br />
(79.9) (73.7)<br />
Total assets less current liabilities 13.7 21.6<br />
Non current liabilities<br />
Trade and other payables 13 (13.1) (11.9)<br />
Long term provisions 14 (2.1) (2.5)<br />
Net (liabilities)/assets excluding retirement benefit obligation (1.5) 7.2<br />
Retirement benefit obligation 15 (79.9) (91.3)<br />
Net liabilities, including retirement benefit obligation (81.4) (84.1)<br />
Accumulated deficit 16 (81.4) (84.1)<br />
The financial statements were approved and authorised for issue by the Board on 24 May 20<strong>07</strong>, and were signed on its behalf by:<br />
Callum McCarthy ......... Chairman<br />
John Tiner ............... Chief Executive Officer
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