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Balance sheet<br />
Notes HY 2011 HY 2012<br />
(unaudited)<br />
(£m)<br />
Assets<br />
Property, plant and equipment ............................................. 340.9 304.5<br />
Intangible assets ........................................................ 831.0 789.4<br />
Employee benefits – net surpluses .......................................... 14 20.6 46.2<br />
Interests in joint ventures ................................................. 13.1 13.7<br />
Investments ........................................................... 5.5 4.8<br />
Income tax recoverable .................................................. — 3.4<br />
Deferred tax assets ...................................................... 11.7 12.3<br />
Other receivables ....................................................... 10.1 12.1<br />
Total non-current assets ................................................ 1,232.9 1,186.4<br />
Cash and short-term deposits .............................................. 104.2 72.1<br />
Inventories ............................................................ 289.0 252.0<br />
Trade and other receivables ............................................... 445.0 411.9<br />
Income tax recoverable .................................................. 4.0 1.9<br />
Derivative financial instruments ........................................... 0.9 0.3<br />
Assets classified as held for sale ........................................... — 2.1<br />
Total current assets .................................................... 843.1 740.3<br />
Total assets ........................................................... 2,076.0 1,926.7<br />
Liabilities<br />
Interest-bearing borrowings ............................................... 415.5 575.0<br />
Employee benefits – net liabilities ......................................... 14 86.1 100.9<br />
Other payables ......................................................... 21.4 17.4<br />
Provisions ............................................................ 27.0 29.5<br />
Derivative financial instruments ........................................... 11.5 —<br />
Deferred tax liabilities ................................................... 72.6 68.5<br />
Total non-current liabilities ............................................. 634.1 791.3<br />
Interest-bearing borrowings ............................................... 161.5 18.0<br />
Trade and other payables ................................................. 337.3 280.5<br />
Income tax payable ..................................................... 43.0 44.2<br />
Provisions ............................................................ 22.7 15.7<br />
Derivative financial instruments ........................................... 3.3 12.5<br />
Total current liabilities ................................................. 567.8 370.9<br />
Total liabilities ........................................................ 1,201.9 1,162.2<br />
Net assets/Invested capital .............................................. 874.1 764.5<br />
85