2568.11 kb - Compass Group

43 Compass Group PLC Annual Report 2007Consolidated balance sheetas at 30 September 20072007 2006Notes £m £mNon-current assetsGoodwill 10 2,985 3,451Other intangible assets 11 142 152Property, plant and equipment 12 576 756Interests in associates 13 25 39Other investments 14 12 9Deferred tax assets * 5 240 237Trade and other receivables 16 66 117Derivative financial instruments ** 20 13 22Non-current assets 4,059 4,783Current assetsInventories 17 179 212Trade and other receivables 16 1,343 1,424Tax recoverable * 10 10Derivative financial instruments ** 20 2 9Cash and cash equivalents ** 18 839 848Current assets 2,373 2,503Total assets 6,432 7,286Current liabilitiesShort-term borrowings ** 19 (151) (119)Derivative financial instruments ** 20 – (2)Current tax liabilities * (171) (357)Trade and other payables 21 (1,833) (1,990)Provisions 22 (86) (65)Current liabilities (2,241) (2,533)Non-current liabilitiesLong-term borrowings ** 19 (1,452) (1,835)Derivative financial instruments ** 20 (15) (18)Post-employment benefit obligations 23 (162) (282)Provisions 22 (351) (242)Deferred tax liabilities * 5 (5) (18)Other payables 21 (36) (46)Non-current liabilities (2,021) (2,441)Total liabilities (4,262) (4,974)Net assets 2,170 2,312EquityShare capital 24, 25 193 210Share premium account 25 122 96Capital redemption reserve 25 33 15Less: own shares 25 (1) –Other reserves 25 4,312 4,288Retained earnings 25 (2,511) (2,303)Total equity shareholders’ funds 2,148 2,306Minority interests 25 22 6Total equity 2,170 2,312* Component of current and deferred taxes ** Component of net debtApproved by the Board of directors on 28 November 2007 and signed on their behalf byRichard J Cousins, DirectorAndrew D Martin, Director