Ricardo plc interim results for the six months ended 31 December ...

Condensed statement of financial position
as at 31 December 2010
31
December
2010
31
December
2009
30 June
2010
(Unaudited) (Unaudited) (Audited)
Notes £m £m £m
Assets
Non current assets
Goodwill 16.1 16.7 15.4
Other intangible assets 4.8 2.9 3.7
Property, plant and equipment 45.8 46.3 47.7
Investment property 14 1.9 - -
Derivative financial instruments - 0.7 0.1
Deferred tax assets 19.1 16.6 20.4
87.7 83.2 87.3
Current assets
Inventories 6.4 5.4 7.7
Trade and other receivables 62.8 49.1 55.2
Derivative financial assets 0.1 0.2 0.3
Current taxation 1.1 0.4 0.7
Cash and cash equivalents 10.3 8.3 7.8
Assets held for sale 12 - 8.6 1.4
80.7 72.0 73.1
Total assets 168.4 155.2 160.4
Liabilities
Current liabilities
Bank loans and overdrafts (17.5) (14.5) (15.2)
Trade and other payables (47.3) (37.0) (39.9)
Derivative financial liabilities (0.2) (1.0) (0.1)
Current tax liabilities (3.1) (2.5) (3.6)
Provisions (0.4) (0.5) (0.5)
Liabilities associated with assets held for sale 12 - (1.6) -
(68.5) (57.1) (59.3)
Net current assets 12.2 14.9 13.8
Non current liabilities
Bank loans (0.3) (0.5) (0.4)
Retirement benefit obligations 13 (25.0) (30.2) (34.4)
Derivative financial liabilities - - (0.2)
Deferred tax liabilities (2.0) (1.7) (1.3)
(27.3) (32.4) (36.3)
Total liabilities (95.8) (89.5) (95.6)
Net assets 72.6 65.7 64.8
Shareholders' equity
Share capital 12.9 12.9 12.9
Share premium 13.8 13.8 13.8
Other reserves 6.4 5.8 5.2
Retained earnings 39.5 33.2 32.9
Total equity 72.6 65.7 64.8
Page 11 of 21