Realising Value Guinness Peat Group plc

FinancialSummaryChairman’sStatementCoats BusinessReviewGovernanceFinancialStatementsCoats FinancialInformationConsolidated Statement of Financial Position (unaudited)At 31 DecemberNON-CURRENT ASSETSNotes2012UnauditedUS$m2011UnauditedUS$mIntangible assets 260.1 262.1Property, plant and equipment 366.9 393.4Investments in joint ventures 13.4 16.1Available-for-sale investments 3.1 2.7Deferred tax assets 15.1 13.5Pension surpluses 34.6 30.7Trade and other receivables 15.1 14.6708.3 733.1CURRENT ASSETSInventories 310.8 316.7Trade and other receivables 309.3 305.7Available-for-sale investments 0.2 1.0Cash and cash equivalents 7 128.4 112.0748.7 735.4Non-current assets classified as held for sale 3.0 0.1TOTAL ASSETS 1,460.0 1,468.6CURRENT LIABILITIESTrade and other payables (347.4) (347.4)Current income tax liabilities (14.6) (7.9)Bank overdrafts and other borrowings (43.9) (60.9)Provisions (71.1) (97.8)(477.0) (514.0)NET CURRENT ASSETS 271.7 221.4NON-CURRENT LIABILITIESTrade and other payables (22.6) (20.6)Deferred tax liabilities (40.6) (39.3)Borrowings (452.1) (289.5)Retirement benefit obligations:Funded schemes (245.6) (243.5)Unfunded schemes (99.4) (84.3)Provisions (24.9) (25.8)(885.2) (703.0)TOTAL LIABILITIES (1,362.2) (1,217.0)NET ASSETS 97.8 251.6EQUITYShare capital 20.5 20.5Share premium account 412.1 412.1Hedging and translation reserves (25.5) (19.0)Retained loss (329.2) (179.9)EQUITY SHAREHOLDERS’ FUNDS 77.9 233.7Non-controlling interests 5 19.9 17.9TOTAL EQUITY 97.8 251.6ANNUAL REPORT 201297