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Consolidated Balance Sheet

At 3 February 2008

Note 2008
£m 		2007
£m
Assets
Non-current assets
Goodwill 8 31.1 49.6
Other intangible assets 9 20.1 22.2
Property, plant and equipment 10 55.2 58.8
Retirement benefit assets 28 53.4 56.8
Deferred tax assets 17 0.2 0.2
Total non-current assets 160.0 187.6
Current assets
Inventories 11 154.5 162.7
Trade and other receivables 12 121.2 127.9
Cash and cash equivalents 13 37.6 32.2
Total current assets 313.3 322.8
Liabilities
Current liabilities
Financial liabilities 14 (3.0) (11.1)
Trade and other payables 16 (84.3) (94.9)
Current tax payable (22.2) (28.0)
Short-term provisions 18 – (0.8)
Total current liabilities (109.5) (134.8)
Net current assets 203.8 188.0
Non-current liabilities
Financial liabilities 14 (288.7) (302.4)
Retirement and other post-employment benefits 28 (22.0) (29.6)
Deferred tax liabilities 17 (33.0) (30.7)
Other provisions 18 – (0.9)
Total non-current liabilities (343.7) (363.6)
Net assets 20.1 12.0
Equity
Ordinary shares 20 18.2 18.2
Equity element of preference shares 15 15.2 18.4
Share premium 22 23.0 21.6
Capital redemption reserve 22 2.6 1.4
Hedging reserve 22 (2.9) (0.1)
Cumulative translation reserve 22 3.7 (2.9)
Retained earnings 22 (39.7) (44.6)
Shareholders’ funds 22 20.1 12.0

The Consolidated Financial Statements were approved by the Board of Directors on 22 April 2008 and were signed on its behalf by:

Mark Whiteling
Director

The accounting policies and notes are an integral part of these consolidated financial statements.