Annual Report 2016
Consolidated Balance Sheet
As at 31 March 2016
2016
2015
(as restated)
Note £’000 £’000
Fixed assets
Intangible assets - goodwill
Tangible assets
12
26,541
26,841
13 488,963 477,735
515,504 504,576
Current assets
Stocks
17
2,272
2,313
Debtors - amounts recoverable within one year
18
64,988
60,399
Debtors - amounts recoverable in more than one year
18
97,526
99,563
Retirement benefit surplus
22
37,788
26,852
Cash at bank and in hand
13,811
4,651
216,385 193,778
Creditors – amounts falling due within one year
Borrowings
19
(8,592)
(27,000)
Other creditors
20
(83,654)
(79,799)
(92,246)
(106,799)
Net current assets
124,139
86,979
Total assets less current liabilities
639,643
591,555
Creditors – amounts falling due in more than one year
Borrowings
19
Other creditors
20
Accruals and deferred income
15
Provisions for liabilities - deferred tax
21
(363,529)
(14,909)
(134,353)
(41,715)
(327,347)
(12,805)
(131,223)
(45,080)
(554,506) (516,455)
Net assets 85,137 75,100
Capital and reserves
Share capital
24
Share premium account
Revaluation reserve
Capital redemption reserve
Merger reserve
Currency translation reserve
Hedging reserve
Profit and loss account
5,449
10,882
18,330
1
(253)
(7)
(7,680)
58,284
5,449
10,882
18,565
1
(253)
(2)
(5,866)
46,242
Shareholders’ funds 85,006 75,018
Non-controlling interests
27
131
82
Total capital employed
85,137
75,100
A statement of movement of reserves is given in the Consolidated Statement of Changes in Equity.
The accompanying notes are an integral part of these financial statements.
The financial statements of South Staffordshire Plc, registered number 4295398, were approved by the Board of Directors and authorised for issue on
22 August 2016.
A P Page
Group Chief Executive
53