Annual Report 2016
Company Balance Sheet
As at 31 March 2016
2016
2015
(as restated)
Note
£’000
£’000
Fixed assets
Investments
Tangible assets
16
100,738
100,738
13 449 549
101,187 101,287
Current assets
Debtors - amounts recoverable within one year
18
9,233
8,544
Debtors - amounts recoverable in more than one year
18
70,754
78,845
Retirement benefit surplus
22
28,093
19,172
108,080 106,561
Creditors – amounts falling due within one year
Borrowings
19
(8,702)
(6,837)
Other creditors
20
(9,247)
(9,788)
(17,949) (16,625)
Net current assets
90,131
89,936
Total assets less current liabilities
191,318
191,223
Creditors – amounts falling due in more than one year
Borrowings
19
(119,997)
Other creditors
20
(2,152)
Provisions for liabilities - deferred tax
21
(4,514)
(119,672)
(1,989)
(3,187)
(126,663) (124,848)
Net assets 64,655 66,375
Capital and reserves
Share capital
24
Share premium account
Capital redemption reserve
Hedging reserve
Profit and loss account
5,449
10,882
1
(1,443)
49,766
5,449
10,882
1
(1,266)
51,309
Shareholders’ funds 64,655 66,375
A statement of movement of reserves is given in the Company 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
54