At 31 March 2024
Download Consolidated balance sheet
| 2024 £m |
2023 £m |
||
| Non-current assets | |||
| Goodwill | 107.3 | 107.9 | |
| Intangible assets | 53.9 | 59.2 | |
| Property, plant and equipment | 28.1 | 24.8 | |
| Deferred tax asset | 0.7 | — | |
| Pension scheme asset | 16.5 | 14.9 | |
| Right of use assets | 18.0 | 20.0 | |
| 224.5 | 226.8 | ||
| Current assets | |||
| Inventories | 97.4 | 103.9 | |
| Trade and other receivables | 72.6 | 83.3 | |
| Cash and cash equivalents | 30.8 | 29.0 | |
| 200.8 | 216.2 | ||
| Current liabilities | |||
| Trade and other payables | (89.1) | (99.2) | |
| Lease liabilities | (6.3) | (6.1) | |
| Current tax liabilities | (2.5) | (0.9) | |
| Derivative financial instruments | (0.6) | (2.0) | |
| Provisions | (0.7) | (4.5) | |
| (99.2) | (112.7) | ||
| Net current assets | 101.6 | 103.5 | |
| Total assets less current liabilities | 326.1 | 330.3 | |
| Non-current liabilities | |||
| Financial liabilities – borrowings | (68.1) | (78.9) | |
| Lease liabilities | (15.9) | (18.6) | |
| Deferred tax liabilities | (14.1) | (15.0) | |
| Other non-current liabilities | (4.6) | (6.2) | |
| Provisions | (1.0) | (1.2) | |
| (103.7) | (119.9) | ||
| Net assets | 222.4 | 210.4 | |
| Financed by: | |||
| Share capital | 8.9 | 8.9 | |
| Share premium | 47.6 | 47.6 | |
| Retained earnings and other reserves | 165.9 | 153.9 | |
| Total equity | 222.4 | 210.4 |
The financial statements of Norcros plc, registered number 3691883, on pages 187 to 225, were authorised for issue on 12 June 2024.