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Financial Statements 115
Consolidated balance sheets as at 31 March
IFRS IFRS IFRS IFRS IFRS
2008 2007 2006 2005 2004
£m £m £m £m £m
Assets
Non-current assets
Goodwill 56.7 64.8 35.6 29.3 36.8
Other intangible assets 10.9 9.4 10.0 10.8 14.0
Property, plant and equipment 45.6 46.2 47.2 34.2 36.4
Other receivables 5.7 0.1 21.6 22.8 24.7
Investments in Joint Ventures 4.2 (26.0) 46.2 41.6 25.9
Deferred income tax assets 69.6 89.8 103.8 97.5 85.4
192.7 184.3 264.4 236.2 223.2
Current assets
Inventories 0.3 0.4 0.2 0.2 0.5
Trade and other receivables 299.7 284.0 272.9 266.7 255.5
Other financial assets at fair value through profit or loss 29.7 49.6 20.7 11.1 9.9
Cash and cash equivalents 154.5 187.7 177.4 114.6 86.2
484.2 521.7 471.2 392.6 352.1
Liabilities
Current liabilities
Borrowings (7.8) (3.7) (6.5) (2.6) (4.0)
Trade and other payables (415.4) (418.6) (379.5) (332.7) (306.0)
Derivative financial instruments (0.9) (0.1) – – –
Current income tax liabilities (26.8) (28.3) (12.3) (10.8) (13.9)
Provisions for other liabilities and charges (4.3) (8.7) (2.8) (2.8) (2.3)
(455.2) (459.4) (401.1) (348.9) (326.2)
Net current assets 29.0 62.3 70.1 43.7 25.9
Non-current liabilities
Borrowings (13.6) (34.5) (35.1) (21.5) (32.7)
Provisions for other liabilities and charges (13.5) (14.3) (11.7) (11.1) (8.3)
Retirement benefit liabilities (213.1) (250.1) (299.9) (274.2) (240.9)
Other non-current liabilities (4.9) (23.8) (23.9) (26.5) (28.2)
(245.1) (322.7) (370.6) (333.3) (310.1)
Net liabilities (23.4) (76.1) (36.1) (53.4) (61.0)
Capital and reserves
Ordinary shares 0.5 0.5 0.5 0.5 0.5
Share premium account 62.4 62.4 62.4 62.4 62.3
Merger reserve 8.9 8.9 8.9 8.9 8.9
Retained loss (95.2) (147.9) (107.9) (125.2) (132.7)
Equity shareholders’ deficit (23.4) (76.1) (36.1) (53.4) (61.0)
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WS Atkins plc Annual Report 2008