Annual Report and Accounts 2010-11 - Manchester Airport
Annual Report and Accounts 2010-11 - Manchester Airport
Annual Report and Accounts 2010-11 - Manchester Airport
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
48Consolidated Statement of Financial Position as at 31 March 20<strong>11</strong>Notes 20<strong>11</strong> <strong>2010</strong>£m £mAssetsNon-current assetsProperty, plant <strong>and</strong> equipment 12 1,220.5 1,210.0Intangible assets 13 10.0 –Investment properties 14 334.8 325.6Deferred tax assets 25 12.7 29.61,578.0 1,565.2Current assetsInventories 15 1.1 1.0Trade <strong>and</strong> other receivables 16 32.9 30.2Cash <strong>and</strong> cash equivalents 17 8.5 2.642.5 33.8LiabilitiesCurrent liabilitiesBorrowings 18 (1.7) (2.3)Trade <strong>and</strong> other payables 23 (89.7) (84.8)Deferred income (13.5) (13.9)Current tax liabilities (7.7) (9.8)(<strong>11</strong>2.6) (<strong>11</strong>0.8)Net current liabilities (70.1) (77.0)Non-current liabilitiesBorrowings 18 (379.7) (347.9)Retirement benefit liabilities 24 (45.1) (76.1)Deferred tax liabilities 25 (246.1) (275.3)Other non-current liabilities 26 (20.0) (19.8)(690.9) (719.1)Net assets 817.0 769.1Shareholders’ equityShare capital 27 204.3 204.3Retained earnings 28 612.7 564.8Total equity 817.0 769.1The financial statements on pages 42 to 73 were approved by the Board of Directors on 1 July 20<strong>11</strong> <strong>and</strong> signed on its behalf by:Mike Davies ChairmanCharlie Cornish Group Chief ExecutiveThe <strong>Manchester</strong> <strong>Airport</strong> Group PLC <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> <strong>2010</strong>-<strong>11</strong>
Change language