At 31 March 2023
Download Consolidated balance sheet
| 2023 £m |
2022 £m |
||
| Non-current assets | |||
| Goodwill | 107.9 | 61.2 | |
| Intangible assets | 59.2 | 29.1 | |
| Property, plant and equipment | 24.8 | 29.0 | |
| Pension scheme asset | 14.9 | 19.6 | |
| Right of use assets | 20.0 | 19.9 | |
| 226.8 | 158.8 | ||
| Current assets | |||
| Inventories | 103.9 | 100.6 | |
| Trade and other receivables | 83.3 | 71.1 | |
| Derivative financial instruments | — | 1.6 | |
| Cash and cash equivalents | 29.0 | 27.4 | |
| 216.2 | 200.7 | ||
| Current liabilities | |||
| Trade and other payables | (99.2) | (102.4) | |
| Lease liabilities | (6.1) | (5.7) | |
| Current tax liabilities | (0.9) | (2.7) | |
| Derivative financial instruments | (2.0) | — | |
| Provisions | (4.5) | — | |
| (112.7) | (110.8) | ||
| Net current assets | 103.5 | 88.9 | |
| Total assets less current liabilities | 330.3 | 248.7 | |
| Non-current liabilities | |||
| Financial liabilities – borrowings | (78.9) | (18.8) | |
| Lease liabilities | (18.6) | (18.3) | |
| Deferred tax liabilities | (15.0) | (9.4) | |
| Other non-current liabilities | (6.2) | (0.3) | |
| Provisions | (1.2) | (1.6) | |
| (119.9) | (48.4) | ||
| Net assets | 210.4 | 200.3 | |
| Financed by: | |||
| Share capital | 8.9 | 8.1 | |
| Share premium | 47.6 | 30.3 | |
| Retained earnings and other reserves | 153.9 | 161.9 | |
| Total equity | 210.4 | 200.3 |
The financial statements of Norcros plc, registered number 3691883, on pages 125 to 159, were authorised for issue on 14 June 2023.