View - Atkins

66 Financial Statements
Consolidated and Parent Company Balance Sheets
As at 31 March 2008
Group
Company
2008 2007 2008 2007
Restated
Notes £m £m £m £m
Assets
Non-current assets
Goodwill 14 56.7 64.8 – –
Other intangible assets 16 10.9 9.4 – –
Property, plant and equipment 17 45.6 46.2 – –
Investments in subsidiaries 18 – – 130.8 98.3
Investments in Joint Ventures 4 4.2 (26.0) – –
Deferred income tax assets 19 69.6 89.8 – –
Other receivables 20 5.7 0.1 5.6 –
192.7 184.3 136.4 98.3
Current assets
Inventories 21 0.3 0.4 – –
Trade and other receivables 22 299.7 284.0 8.4 8.5
Financial assets at fair value through profit or loss 23 29.7 49.6 – –
Cash and cash equivalents 24 154.5 187.7 7.1 –
484.2 521.7 15.5 8.5
Liabilities
Current liabilities
Borrowings 25 (7.8) (3.7) – –
Trade and other payables 26 (415.4) (418.6) (25.0) –
Derivative financial instruments 27 (0.9) (0.1) – –
Current income tax liabilities (26.8) (28.3) – –
Provisions for other liabilities and charges 28 (4.3) (8.7) – –
(455.2) (459.4) (25.0) –
Net current assets/(liabilities) 29.0 62.3 (9.5) 8.5
Non-current liabilities
Borrowings 25 (13.6) (34.5) – –
Provisions for other liabilities and charges 28 (13.5) (14.3) – –
Retirement benefit liabilities 29 (213.1) (250.1) – –
Other non-current liabilities 30 (4.9) (23.8) – –
(245.1) (322.7) – –
Net (liabilities)/assets (23.4) (76.1) 126.9 106.8
Capital and reserves
Ordinary shares 31 0.5 0.5 0.5 0.5
Share premium account 33 62.4 62.4 62.4 62.4
Merger reserve 33 8.9 8.9 8.9 8.9
Retained (loss)/earnings 33 (95.2) (147.9) 55.1 35.0
Equity shareholders’ (deficit)/funds (23.4) (76.1) 126.9 106.8
Keith Clarke
Director
Robert MacLeod
Director
Approved by the Board on 25 June 2008.
The notes on pages 68 to 113 are an integral part of these Financial Statements.
WS Atkins plc Annual Report 2008