Company balance sheet

	Note	31 July 2008 £m	31 July 2007 (restated) £m
Fixed assets
Tangible assets	3	16.7	16.7
Investments and advances	4	3,216.1	3,087.8
		3,232.8	3,104.5
Current assets
Debtors
– amounts falling due within one year	5	52.2	104.0
– amounts falling due after more than one year	5	5.2	10.3
Cash at bank and on deposit		1.3	32.8
Financial derivatives		2.7	10.4
		61.4	157.5
Creditors: amounts falling due within one year	6	(95.2)	(105.7)
Net current (liabilities)/assets		(33.8)	51.8
Total assets less current liabilities		3,199.0	3,156.3
Creditors: amounts falling due after more than one year	6	(509.0)	(367.6)
Provisions for liabilities and charges	7	(8.3)	(25.1)
Financial derivatives		(18.0)	(2.8)
Net assets excluding pension assets/(liabilities)		2,663.7	2,760.8
Retirement benefit assets	8		29.7
Retirement benefit liabilities	8	(51.7)
Net assets including pension assets/(liabilities)		2,612.0	2,790.5
Capital and reserves
Called up share capital	9	145.5	144.6
Share premium account	10	303.6	289.0
Capital redemption reserve	10	5.8	5.7
Merger reserve	10	180.5	180.5
Profit and loss account	10	1,976.6	2,170.7
Shareholders’ equity		2,612.0	2,790.5

The Company Accounts were approved by the Board of Directors on 23 September 2008 and were signed on its behalf by:

Philip Bowman

Smiths Group divisions:
Smiths Detection, Smiths Medical, John Crane, Smiths Interconnect, Flex-Tek