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Consolidated Balance Sheet

At 1 February 2009

Note 2009
£m		 2008
£m
Assets
Non-current assets
Goodwill 8 32.5 31.1
Other intangible assets 9 25.0 20.1
Property, plant and equipment 10 58.1 55.2
Retirement benefit assets 27 – 53.4
Deferred tax assets 17 5.0 0.2
Total non-current assets 120.6 160.0
Current assets
Inventories 11 194.3 154.5
Trade and other receivables 12 128.8 121.2
Cash and cash equivalents 13 39.6 37.6
Total current assets 362.7 313.3
Liabilities
Current liabilities
Financial liabilities 14 (5.1) (3.0)
Trade and other payables 16 (94.5) (84.3)
Current tax payable (17.4) (22.2)
Total current liabilities (117.0) (109.5)
Net current assets 245.7 203.8
Non-current liabilities
Financial liabilities 14 (330.4) (288.7)
Retirement and other post-employment benefits 27 (35.3) (22.0)
Deferred tax liabilities 17 (6.2) (33.0)
Total non-current liabilities (371.9) (343.7)
Net (liabilities)/assets (5.6) 20.1
Equity
Ordinary shares 19 18.3 18.2
Equity element of preference shares 15 10.4 15.2
Share premium 21 23.8 23.0
Capital redemption reserve 21 4.4 2.6
Hedging reserve 21 (3.7) (2.9)
Cumulative translation reserve 21 15.3 3.7
Retained earnings 21 (74.1) (39.7)
Shareholders’ (deficit)/funds 21 (5.6) 20.1

The Consolidated Financial Statements were approved by the Board of Directors on 17 April 2009 and were signed on its behalf by:

Mark Whiteling Director

The accounting policies and notes are an integral part of these Consolidated Financial Statements.