annual report 2007 - the Admiral Group plc

ADMIRAL GROUP plc 51Consolidated balance sheetASSETS31 December2007As at:31 December2006Note £000 £000Property, plant and equipment 16 7,708 7,448Intangible assets 17 69,063 66,757Financial assets 18 481,848 395,938Reinsurance assets 19 131,668 74,689Deferred income tax 24 1,629 -Trade and other receivables 20, 18 22,633 16,931Cash and cash equivalents 21, 18 155,773 191,242Total assets 870,322 753,005Financial statements 43 - 94EQUITYShare capital 25 263 261Share premium account 26 13,145 13,145Retained earnings 26 223,828 205,682Other reserves 26 396 (33)Total equity attributable to equity holders of theCompany 237,632 219,055LIABILITIESInsurance contracts 19 363,060 294,425Deferred income tax 24 - 981Trade and other payables 22, 18 239,593 215,137Current tax liabilities 30,037 23,407Total liabilities 632,690 533,950Total equity and total liabilities 870,322 753,005These financial statements were approved by the Board of Directors on 3 March 2008 and weresigned on its behalf by:Kevin ChidwickDirector