Realising Value Guinness Peat Group plc

GPG Financial Statements continuedConsolidated Statement of Financial Position31 DecemberNON-CURRENT ASSETSIntangible assets 13 160 169Property, plant and equipment 14 226 303Investments in associated undertakings 15 – 186Investments in joint ventures 15 9 62Fixed asset investments 15 2 203Deferred tax assets 17 9 12Pension surpluses 9 21 20Trade and other receivables 19 13 10440 965CURRENT ASSETSInventories 18 191 216Trade and other receivables 19 190 217Current asset investments 20 10 10Derivative financial instruments 21 2 2Cash and cash equivalents 322 276715 721Assets held for sale 34 273 215TOTAL ASSETS 1,428 1,901Notes2012IFRS£m2011IFRS£mCURRENT LIABILITIESTrade and other payables 22 220 250Current income tax liabilities 10 5Capital Notes 24 – 214Other borrowings 25 27 50Derivative financial instruments 23 4 6Provisions 27 46 63307 588NET CURRENT ASSETS 408 133Liabilities directly associated with assets held for sale 34 37 94NON-CURRENT LIABILITIESTrade and other payables 22 15 13Deferred tax liabilities 26 25 25Other borrowings 25 278 216Derivative financial instruments 23 3 3Retirement benefit obligations:Funded schemes 9 225 221Unfunded schemes 9 61 54Provisions 27 19 21626 553TOTAL LIABILITIES 970 1,235NET ASSETS 458 666Notes on pages 45 to 94 form part of these financial statements40 GUINNESS PEAT GROUP PLC