Richemont is one of the world's leading luxury - Alle jaarverslagen

Consolidated balance sheetat 31 March2009 2008re-presentedNotes € m € mAssetsNon-current assetsProperty, plant and equipment 7 1 148 975Intangible assets 8 386 232Investments in associated undertakings 9 14 3 008Deferred income tax assets 10 305 257Financial assets held at fair value through profit or loss 11 143 68Other non-current assets 12 180 1742 176 4 714Current assetsInventories 13 2 422 2 076Trade and other receivables 14 672 641Derivative financial instruments 15 18 72Prepayments and accrued income 80 108Assets of disposal groups held for sale 27 11 –Cash at bank and on hand 16 2 032 2 0945 235 4 991Total assets 7 411 9 705Equity and liabilitiesEquityShare capital 17 334 334Participation reserve 17 – 645Treasury shares 17 (195) (268)Hedge and share option reserves 17 90 176Cumulative translation adjustment reserve 124 (348)Retained earnings 4 479 7 076Total shareholders’ equity 4 832 7 615Minority interest 3 4Total equity 4 835 7 619LiabilitiesNon-current liabilitiesBorrowings 18 77 246Deferred income tax liabilities 10 78 59Retirement benefit obligations 20 39 42Provisions 21 40 52Other long-term liabilities 34 15268 414Current liabilitiesTrade and other payables 22 545 563Current income tax liabilities 172 188Borrowings 18 188 12Derivative financial instruments 15 123 8Provisions 21 117 95Accruals and deferred income 218 216Short-term loans 18 276 267Bank overdrafts 16 669 3232 308 1 672Total liabilities 2 576 2 086Total equity and liabilities 7 411 9 705The notes on pages 60 to 106 are an integral part of these consolidated financial statements.56 Richemont Annual Report and Accounts 2009Consolidated financial statements