Consolidated Balance Sheet

At 31 March 2018

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  Notes 2018
£m
2017
£m
Non-current assets      
Goodwill 11 56.6 31.1
Intangible assets 12 42.3 13.7
Property, plant and equipment 13 45.0 43.0
Deferred tax assets 20 4.0 11.0
    147.9 98.8
Current assets      
Inventories 14 74.9 70.3  
Trade and other receivables 15 64.4 56.8  
Derivative financial instruments 19 0.7  
Cash and cash equivalents 16 25.8 37.5  
    165.1 165.3  
Current liabilities        
Trade and other payables 17 (77.0) (72.0)  
Derivative financial instruments 19 (3.3) (0.8)  
Current tax liabilities   (1.0) (2.0)  
Financial liabilities – borrowings 18 (8.5) (30.9)  
    (89.8) (105.7)  
Net current assets   75.3 59.6  
Total assets less current liabilities   223.2 158.4  
Non-current liabilities        
Financial liabilities – borrowings 18 (64.4) (29.8)  
Pension scheme liability 22 (48.0) (62.7)  
Other non-current liabilities 24 (1.3) (3.6)  
Provisions 21 (4.9) (5.7)  
    (118.6) (101.8)  
Net assets   104.6 56.6  
Financed by:        
Share capital 23 8.0 6.1  
Share premium   29.7 1.1  
Retained earnings and other reserves   66.9 49.4  
Total equity   104.6 56.6  

The financial statements of Norcros plc, registered number 3691883, were authorised for issue on 13 June 2018.

All note references relate to the 2018 Annual Report.