Consolidated balance sheet

 


Notes

2009
£m

2008
£m

Non-current assets

Intangible assets

12

1,500.3

1,253.2

Property, plant and equipment

13

318.0

296.3

Investments accounted for using the equity method

14

11.2

9.1

Financial assets – other investments

 

7.8

3.6

Retirement benefit assets

10

39.2

174.2

Deferred tax assets

6

164.7

96.2

Trade and other receivables

16

21.3

14.6

Financial derivatives

21

13.9

1.4

 

 

2,076.4

1,848.6

Current assets

Inventories

15

413.6

380.3

Trade and other receivables

16

553.6

565.4

Cash and cash equivalents

17

91.7

132.5

Financial derivatives

21

40.7

6.5

 

 

1,099.6

1,084.7

Total assets

 

3,176.0

2,933.3

Non-current liabilities

 

 

 

Financial liabilities:

 

 

 

– borrowings

19

(752.2)

(720.7)

– financial derivatives

21

(6.7)

(0.1)

Provisions for liabilities and charges

22

(226.5)

(200.6)

Retirement benefit obligations

10

(378.2)

(184.7)

Deferred tax liabilities

6

(66.5)

(64.3)

Trade and other payables

18

(25.1)

(27.5)

 

 

(1,455.2)

(1,197.9)

Current liabilities

 

 

 

Financial liabilities:

 

 

 

– borrowings

19

(224.4)

(182.4)

– financial derivatives

21

(38.9)

(21.5)

Provisions for liabilities and charges

22

(77.2)

(70.0)

Trade and other payables

18

(399.8)

(420.7)

Current tax payable

 

(117.7)

(122.6)

 

 

(858.0)

(817.2)

Total liabilities

 

(2,313.2)

(2,015.1)

Net assets

 

862.8

918.2

Shareholders’ equity

 

 

 

Share capital

25

145.9

145.5

Share premium account

26

306.6

303.6

Capital redemption reserve

26

5.8

5.8

Revaluation reserve

26

1.7

1.7

Merger reserve

26

234.8

234.8

Retained earnings

26

251.3

253.7

Hedge reserve

26

(87.1)

(29.2)

Total shareholders’ equity

 

859.0

915.9

Minority interest equity

 

3.8

2.3

Total equity

 

862.8

918.2

 

The accounts in the Annual report were approved by the Board of Directors on 29 September 2009 and were signed on its behalf by:

Philip Bowman

Chief Executive

John Langston

Finance Director



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

 

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