Balance Sheet: Full Year 2021

As at?31 December?2021

? ?

As at

31 December

2021

?

As at

31 December

2020

? Note £m £m
Assets ? ? ?
Property, plant and equipment 9 248.1 267.6
Right-of-use assets 10 31.9 35.5
Intangible assets: goodwill 11 172.9 173.2
Intangible assets: other 11 10.2 12.2
Investments ? - 7.2
Other receivables ? 2.9 4.0
Deferred tax assets ? 15.9 14.4
Total non-current assets ? 481.9 514.1
Inventories ? 140.7 122.4
Derivative financial assets? 13 0.6 1.0
Trade and other receivables ? 161.4 143.6
Current tax receivable ? 0.6 1.6
Cash and cash equivalents 12 127.3 147.8
Total current assets ? 430.6 416.4
Total assets ? 912.5 930.5
Liabilities ? ? ?
Borrowings ? 174.0 177.5
Lease liabilities ? 40.0 43.1
Employee benefits: pensions 14 102.7 176.3
Provisions 15 14.8 8.5
Non-trade payables ? 2.4 4.9
Deferred tax liabilities ? 1.2 0.5
Total non-current liabilities ? 335.1 410.8
Borrowings and bank overdrafts ? - 71.3
Lease liabilities ? 9.8 11.5
Trade and other payables ? 177.2 148.4
Current tax payable ? 25.4 20.4
Provisions 15 14.8 27.3
Derivative financial liabilities 13 0.6 0.8
Total current liabilities ? 227.8 279.7
Total liabilities ? 562.9 690.5
Total net assets ? 349.6 240.0
Equity ? ? ?
Share capital ? 71.3 71.3
Share premium ? 111.7 111.7
Reserves ? 18.5 18.7
Retained earnings ? 109.1 0.6
Total equity attributable to shareholders of the Company ? 310.6 202.3
Non-controlling interests ? 39.0 37.7
Total equity ? 349.6 240.0

See our full Financial Highlights to learn more, or view our Cash Flow and Income Statement to see our latest performance.