Annual Report 2008 in PDF - GKN

76
Consolidated Balance Sheet
At 31 December 2008
GKN plc Annual Report 2008
Notes 2008 2007
£m £m
Assets
Non-current assets
Goodwill 11 367 280
Other intangible assets 11 153 136
Property, plant and equipment 12 1,797 1,462
Investments in joint ventures 13 119 100
Other receivables and investments 14 23 22
Deferred tax assets 5 52 56
Current assets
2,511 2,056
Inventories 15 718 552
Trade and other receivables 16 645 571
Current tax assets 5 17 2
Derivative financial instruments 20 62 25
Cash and cash equivalents 18 114 282
1,556 1,432
Total assets
Liabilities
Current liabilities
4,067 3,488
Borrowings 18 (97) (92)
Derivative financial instruments 20 (190) (30)
Trade and other payables 17 (972) (837)
Current tax liabilities 5 (115) (104)
Provisions 21 (49) (45)
Non-current liabilities
(1,423) (1,108)
Borrowings 18 (725) (696)
Derivative financial instruments 20 (2) —
Deferred tax liabilities 5 (63) (75)
Trade and other payables 17 (38) (31)
Provisions 21 (54) (51)
Post-employment obligations 26 (834) (331)
(1,716) (1,184)
Total liabilities (3,139) (2,292)
Net assets
Shareholders’ equity
928 1,196
Ordinary share capital 22 372 372
Share premium account 29 29
Retained earnings 290 834
Other reserves 214 (58)
23 905 1,177
Minority interests — equity 23 23 19
Total equity 928 1,196
The financial statements on pages 74 to 118 were approved by the Board of Directors and authorised for issue on 25 February 2009. They were
signed on its behalf by:
Sir Kevin Smith, William C Seeger — Directors