Consolidated Balance Sheet

At 31 March 2017

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  Notes 2017
£m
(Restated)1 2016
£m
Non-current assets      
Goodwill 11 31.1 30.4
Intangible assets 12 13.7 14.8
Property, plant and equipment 13 43.0 38.2
Deferred tax assets 20 11.0 10.0
    98.8 93.4
Current assets    
Inventories 14 70.3 60.1
Trade and other receivables 15 56.8 50.9
Derivative financial instruments 19 0.7 2.5
Cash and cash equivalents 16 37.5 25.5
    165.3 139.0
Current liabilities      
Trade and other payables 17 (72.0) (64.7)
Derivative financial instruments 19 (0.8) (0.1)
Current tax liabilities   (2.0)  
Financial liabilities – borrowings 18 (30.9) (22.4)
    (105.7) (87.2)
Net current assets   59.6 51.8
Total assets less current liabilities   158.4 145.2
Non-current liabilities      
Financial liabilities – borrowings 18 (29.8) (35.6)
Pension scheme liability 22 (62.7) (55.7)
Other non-current liabilities 24 (3.6) (3.0)
Provisions 21 (5.7) (3.3)
    (101.8) (97.6)
Net assets   56.6 47.6
Financed by:      
Share capital 23 6.1 6.1
Share premium   1.1 1.1
Retained earnings and other reserves   49.4 40.4
Total equity   56.6 47.6

1. The Balance Sheet at 31 March 2016 has been restated to reflect the recent guidance regarding the presentation of cash and overdraft balances and measurement period adjustments in respect of business combinations. Further details are provided in Notes 1 and 28 to the financial statements.

The financial statements of Norcros plc, registered number 3691883, were authorised for issue on 14 June 2017.

All note references relate to the 2017 Annual Report.