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BAKKAVOR ANNUAL REPORT AND ACCOUNTS 2012
consolidated statement of financial position
29 DECEMBER 2012
£m Notes 29 December 2012 31 December 2011
Non-current assets
Goodwill 15 665.4 667.1
Other intangible assets 16 26.9 35.7
Property, plant and equipment 17 267.9 307.7
Interests in associates 18 10.0 10.0
Other investments 19 0.1 0.1
Retirement benefit asset 36 10.0 9.3
Current assets
980.3 1,029.9
Inventories 20 61.8 62.5
Trade and other receivables 21 189.2 190.1
Cash and cash equivalents 22 30.5 30.1
Derivative financial instruments 24 0.6 0.4
282.1 283.1
Assets classified as held for sale 14 35.2 –
317.3 283.1
Total assets 1,297.6 1,313.0
Current liabilities
Trade and other payables 27 (302.7) (315.2)
Current tax liabilities (22.7) (17.3)
Borrowings 23 (31.8) (32.6)
Obligations under finance leases 26 (0.1) (0.8)
Provisions 28 (0.9) (1.8)
Derivative financial instruments 24 (10.1) (17.9)
(368.3) (385.6)
Liabilities associated with assets classified as held for sale 14 (24.0) –
Non-current liabilities
(392.3) (385.6)
Trade and other payables 27 (0.1) (0.3)
Borrowings 23 (562.2) (586.3)
Obligations under finance leases 26 (0.3) (1.8)
Provisions 28 (10.9) (10.6)
Deferred tax liabilities 25 (22.9) (27.1)
(596.4) (626.1)
Total liabilities (988.7) (1,011.7)
Net assets 308.9 301.3
Equity
Share capital 30 0.1 0.1
Share premium 30 315.2 302.4
Merger reserve 30 45.2 45.2
Capital reserve 30 4.0 4.0
Translation reserve 30 20.0 23.7
Retained earnings (75.6) (75.3)
Equity attributable to owners of the parent 308.9 300.1
Non-controlling interests – 1.2
Total equity 308.9 301.3
The financial statements of Bakkavor Finance (2) plc and the accompanying notes, which form an integral part of the consolidated financial statements,
were approved by the Board of Directors on 20 February 2013. They were signed on behalf of the Board of Directors by:
A Gudmundsson
Director
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