| |
2011
£m |
2010
£m |
| Non-current assets |
|
|
| Goodwill |
1,069.7 |
1,331.1 |
| Intangible assets |
139.4 |
112.5 |
| Property, plant and equipment |
52.7 |
61.9 |
| Interests in associates and joint ventures |
52.3 |
48.5 |
| Deferred tax assets |
56.3 |
49.3 |
| Available-for-sale financial assets |
4.8 |
15.6 |
| Derivative financial assets |
20.1 |
8.5 |
| Other financial assets |
0.7 |
0.7 |
|
1,396.0 |
1,628.1 |
| Current assets |
|
|
| Work in progress |
9.0 |
18.5 |
| Trade and other receivables |
2,372.4 |
2,414.1 |
| Derivative financial assets |
2.3 |
3.2 |
| Cash and short-term deposits |
626.1 |
394.4 |
|
3,009.8 |
2,830.2 |
| Total assets |
4,405.8 |
4,458.3 |
| Current liabilities |
|
|
| Trade and other payables |
(2,948.7) |
(2,917.3) |
| Borrowings |
(136.2) |
(85.6) |
| Derivative financial liabilities |
(14.8) |
(13.4) |
| Provisions |
(4.5) |
(3.3) |
| Current tax liabilities |
(16.6) |
(9.0) |
|
(3,120.8) |
(3,028.6) |
| Net current liabilities |
(111.0) |
(198.4) |
| Non-current liabilities |
|
|
| Borrowings |
(618.3) |
(640.1) |
| Other non-current liabilities |
(139.8) |
(35.6) |
| Derivative financial liabilities |
(13.3) |
(36.7) |
| Provisions |
(0.1) |
(4.7) |
| Deferred tax liabilities |
(50.8) |
(44.2) |
|
(822.3) |
(761.3) |
| Total liabilities |
(3,943.1) |
(3,789.9) |
| Net assets |
462.7 |
668.4 |
| |
|
|
| Equity |
|
|
| Share capital |
64.4 |
64.3 |
| Own shares |
(31.2) |
(33.7) |
| Share premium account |
398.7 |
395.8 |
| Other equity reserves |
16.0 |
20.4 |
| Foreign currency translation reserve |
0.1 |
109.6 |
| Retained earnings |
27.6 |
147.4 |
| Potential acquisition of non-controlling interests |
(18.5) |
(48.9) |
| Equity attributable to equity holders of the parent |
457.1 |
654.9 |
| Non-controlling interests |
5.6 |
13.5 |
| Total equity |
462.7 |
668.4 |
These financial statements were approved by the Board of Directors on 14 March 2012
and were signed on its behalf by:
Jerry Buhlmann (Chief Executive Officer) Nick Priday (Chief Financial Officer)