Consolidated balance sheet

At 31 March 2019

Download Consolidated balance sheet

  Notes 2019
£m
2018
£m
Non-current assets      
Goodwill 11 56.3 56.6
Intangible assets 12 38.6 42.3
Property, plant and equipment 13 42.3 45.0
Deferred tax assets 20 0.8 4.0
    138.0 147.9
Current assets    
Inventories 14 79.5 74.9
Trade and other receivables 15 62.5 64.4
Derivative financial instruments 19 0.3
Cash and cash equivalents 16 27.2 25.8
    169.5 165.1
Current liabilities      
Trade and other payables 17 (79.6) (77.0)
Derivative financial instruments 19 (3.3)
Current tax liabilities   (1.7) (1.0
Financial liabilities – borrowings 18 (3.8) (8.5)
    (85.1) (89.8)
Net current assets   84.4 75.3
Total assets less current liabilities   222.4 223.2
Non-current liabilities      
Financial liabilities – borrowings 18 (58.4) (64.4)
Pension scheme liability 22 (31.6) (48.0)
Other non-current liabilities 24 (0.9) (1.3)
Provisions 21 (5.8) (4.9)
    (96.7) (118.6)
Net assets   125.7 104.6
Financed by:      
Share capital 23 8.0 8.0
Share premium   29.9 29.7
Retained earnings and other reserves   87.8 66.9
Total equity   125.7 104.6

The financial statements of Norcros plc, registered number 3691883, were authorised for issue on 12 June 2019.

All note references relate to the 2019 Annual Report.