Annual report and financial statement 2009 - United Utilities

Balance sheetsat 31 MarchGroupCompany2009 2008 2009Note £m £m £mASSETSNon-current assetsProperty, plant and equipment 11 7,977.2 7,591.8 –Goodwill 12 2.6 2.3 –Other intangible assets 13 106.1 85.3 –Investments 14 136.8 155.5 6,326.8Trade and other receivables 16 21.5 28.2 –Derivative financial instruments 19 412.6 44.3 –8,656.8 7,907.4 6,326.8Current assetsInventories 15 73.0 63.3 –Trade and other receivables 16 491.6 456.2 66.4Cash and short-term deposits 17 298.6 1,810.5 –Derivative financial instruments 19 226.4 99.0 –1,089.6 2,429.0 66.4Total assets 9,746.4 10,336.4 6,393.2LIABILITIESNon-current liabilitiesTrade and other payables 23 (139.8) (125.5) –Borrowings 18 (5,200.1) (3,788.9) –Retirement benefit obligations 20 (213.1) (101.2) –Deferred tax liabilities 21 (1,338.9) (1,164.0) –Provisions 22 (17.2) (18.7) –Derivative financial instruments 19 (4.5) (53.2) –(6,913.6) (5,251.5) –Current liabilitiesTrade and other payables 23 (672.4) (771.9) (0.6)Borrowings 18 (479.6) (878.4) (1,502.2)Current income tax liabilities (67.6) (66.9) –Provisions 22 (22.6) (21.0) –Derivative financial instruments 19 (148.6) (136.7) –(1,390.8) (1,874.9) (1,502.8)Financial statementsTotal liabilities (8,304.4) (7,126.4) (1,502.8)Total net assets 1,442.0 3,210.0 4,890.4EQUITYCapital and reserves attributable to equity holders of the companyShare capital 24,25 499.8 881.6 499.8Share premium account 24 0.7 1,429.3 0.7Revaluation reserve 24 158.8 158.8 –Treasury shares 24 (0.3) (0.3) –Cumulative exchange reserve 24 16.1 7.6 –Capital redemption reserve 24 – – 1,016.6Merger reserve 24 313.0 – –Other reserves 24 36.6 58.1 –Retained earnings 24 417.3 674.9 3,373.3Shareholders’ equity 1,442.0 3,210.0 4,890.4Approved by the board of directors on 27 May 2009 and signed on its behalf by:Philip GreenChief executive officerTim WellerChief financial officerunitedutilities.com 45