Consolidated balance sheet

At 31 March 2021

Download Consolidated balance sheet

  2021
£m
2020
£m
Non-current assets    
Goodwill 60.8 60.1
Intangible assets 32.8 36.4
Property, plant and equipment 28.0 29.0
Right of use assets 19.6 20.6
Deferred tax assets 4.7
  141.2 150.8
Current assets    
Inventories 78.1 78.9  
Trade and other receivables 64.6 60.5  
Derivative financial instruments 2.0  
Cash and cash equivalents 28.3 47.3  
  171.0 188.7  
Current liabilities      
Trade and other payables (95.4) (72.9)  
Lease liabilities (5.4) (5.2)  
Current tax liabilities (1.0) (1.0)  
Derivative financial instruments (2.3)
Financial liabilities – borrowings (0.1)  
  (104.1) (79.2)  
Net current assets 66.9 109.5  
Total assets less current liabilities 208.1 260.3  
Non-current liabilities      
Financial liabilities – borrowings (17.8) (83.6)  
Pension scheme liability (18.3) (48.9)  
Lease liabilities  (18.8) (19.9)
Deferred tax liabilities (0.5)
Other non-current liabilities (0.3) (0.3)  
Provisions (4.0) (3.2)  
  (59.7) (155.9)  
Net assets 148.4 104.4  
Financed by:      
Share capital 8.1 8.1  
Share premium 30.2 29.9  
Retained earnings and other reserves 110.1 66.4  
Total equity 148.4 104.4  
 

The financial statements of Norcros plc, registered number 3691883, on pages 84 to 118, were authorised for issue on 9 June 2021.