Ardagh Glass Finance plc - Irish Stock Exchange

CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2007
31 December 31 December
Note 2007 2006
E’000 E’000
ASSETS
Non-current assets
Goodwill ............................................. 8 64,576 54,826
Other intangible assets ................................... 8 14,234 282
Property, plant and equipment .............................. 9 817,957 252,399
Investment in joint venture ................................ 10 1,859 1,619
Other investments ....................................... 726 —
Deferred tax assets ...................................... 15 12,513 9,232
911,865 318,358
Current assets
Inventories ............................................ 11 231,598 121,445
Trade and other receivables ................................ 12 194,550 113,656
Derivative financial instrument .............................. 14 116 287
Cash and cash equivalents ................................. 24 62,634 68,023
488,898 303,411
Total assets ........................................... 1,400,763 621,769
LIABILITIES
Non-current liabilities
Borrowings ............................................ 14 858,284 281,333
Deferred income—government grants ......................... 16 5,875 2,935
Retirement benefit obligations .............................. 18 46,798 27,925
Deferred tax liability ..................................... 15 103,843 17,669
Derivative financial instruments ............................. 14 850 —
1,015,650 329,862
Current liabilities
Borrowings ............................................ 14 49,781 44,066
Deferred income—government grants ......................... 16 1,052 470
Trade and other payables .................................. 13 204,745 138,006
Provisions for other liabilities and charges ..................... 17 13,728 5,004
Current income tax payable ................................ 10,646 1,411
279,952 188,957
TOTAL LIABILITIES .................................... 1,295,602 518,819
NET ASSETS .......................................... 105,161 102,950
EQUITY
Share premium ......................................... — —
Reserves .............................................. 20 102,558 100,546
102,558 100,546
Minority interest ........................................ 22 2,603 2,404
TOTAL EQUITY ........................................ 105,161 102,950
The notes to the Consolidated Financial Statements are an integral part of these Financial Statements.
F-78