Consolidated balance sheet
| notes | 2007 £m |
2006 £m |
|
|---|---|---|---|
| ASSETS | |||
| Non-current assets | |||
| Goodwill | 13 | 815.9 | 667.8 |
| Intangible assets | 14 | 23.9 | 17.1 |
| Property, plant and equipment | 15 | 53.8 | 50.5 |
| Interests in associates and joint venture | 16 | 19.3 | 15.6 |
| Deferred tax asset | 21 | 15.8 | 12.1 |
| Available-for-sale financial assets | 17 | 2.3 | 2.8 |
| Other financial assets | 20 | 1.7 | 0.6 |
| Derivative financial assets | 20 | - | 0.1 |
| 932.7 | 766.6 | ||
| Current assets | |||
| Inventory: work in progress | 15.5 | 14.7 | |
| Derivative financial assets | 20 | 0.1 | 0.9 |
| Trade and other receivables | 18 | 2,090.6 | 1,597.8 |
| Other financial assets | 0.3 | 16.4 | |
| Cash at bank and in hand and short-term deposits | 20, 30 | 356.8 | 284.2 |
| 2,463.3 | 1,914.0 | ||
| Total assets | 3,396.0 | 2,680.6 | |
| LIABILITIES | |||
| Current liabilities | |||
| Trade and other payables | 19 | (2,322.3) | (1,854.0)) |
| Short-term borrowings and overdrafts | 20 | (85.1) | (138.1) |
| Derivative financial liabilities | (0.3) | - | |
| Other financial liabilities | (0.1) | - | |
| Current tax liabilities | (19.1) | (19.1) | |
| (2,426.9) | (2,011.2) | ||
| Net current assets/(liabilities) | 36.4 | (97.2) | |
| Non-current liabilities | |||
| Long-term borrowings | 20 | (516.9) | (353.0) |
| Other long-term liabilities | 20, 28 | (112.8) | (85.8) |
| Derivative financial liabilities | 20 | (15.9) | (9.3) |
| Deferred tax liabilities | 21 | (8.3) | (4.0) |
| Provisions | 22 | (1.8) | (0.7) |
| (655.7) | (452.8) | ||
| Total liabilities | (3,082.6) | (2,464.0) | |
| Net assets | 313.4 | 216.6 | |
| EQUITY | |||
| Share capital | 23, 26 | 57.7 | 57.1 |
| Shares to be issued | 26 | 4.7 | - |
| Own shares | 24, 26 | (30.9) | (22.1) |
| Share premium account | 26 | 238.7 | 229.4 |
| Capital redemption reserve | 26 | 0.2 | 0.2 |
| Foreign currency translation reserve | 26 | 6.4 | (16.2) |
| Retained earnings/(accumulated losses) | 26 | 45.3 | (27.4) |
| Equity attributable to equity holders of the parent | 322.1 | 221.0 | |
| Minority interests | 26 | 6.3 | 7.5 |
| Potential acquisition of minority interests | 26 | (15.0) | (11.9) |
| Total equity | 313.4 | 216.6 |
These financial statements were approved by the Board of directors on 18 March 2008 and were signed on its behalf by: Robert Lerwill (chief executive officer) Alicja Lesniak (chief financial officer)