Annual Report and Accounts 2012 - Speedy Hire plc

56 Financial statements
Consolidated balance sheet
At 31 March 2012
ASSETS
Non-current assets
Intangible assets 12 58.0 60.2
Property, plant and equipment
Hire equipment 13 210.3 185.7
Non-hire equipment 13 30.7 34.2
299.0 280.1
Current assets
Inventories 14 12.8 10.2
Trade and other receivables 15 87.7 97.7
Assets classified as held for sale 16 – 33.4
Cash 0.2 0.2
100.7 141.5
Total assets 399.7 421.6
LIABILITIES
Current liabilities
Borrowings 19 (0.2) (1.1)
Other financial liabilities 18 (0.7) (0.6)
Trade and other payables 17 (77.6) (63.3)
Provisions 20 (2.3) (3.5)
Current tax liabilities (0.3) (0.3)
(81.1) (68.8)
Non-current liabilities
Borrowings 19 (76.3) (113.0)
Provisions 20 (2.2) (1.2)
Deferred tax liabilities 21 (10.6) (9.2)
(89.1) (123.4)
Total liabilities (170.2) (192.2)
Net assets 229.5 229.4
EQUITY
Share capital 22 25.9 25.9
Share premium 190.2 190.2
Merger reserve 1.0 1.0
Hedging reserve (1.0) (0.9)
Translation reserve (0.3) 0.1
Retained earnings 13.7 13.1
Total equity attributable to equity holders of the Company 229.5 229.4
The financial statements on pages 54 to 83 were approved by the Board of Directors on 15 May 2012 and were signed on its behalf by:
Steve Corcoran Lynn Krige
Director Director
Company registered number: 927680
Speedy Hire Plc Annual Report and Accounts 2012
Note
2012
£m
2011
£m