CONSOLIDATED BALANCE SHEET

AS AT 31 DECEMBER 2009

	Note	2009 £m	2008 £m
Non-current assets
Property, plant and equipment	10	213.5	259.3
Goodwill	11	506.9	567.1
Intangible assets	12	150.6	183.4
Deferred tax assets	21	27.5	18.7
		898.5	1,028.5

Current assets
Inventories	13	227.7	268.6
Trade receivables	14	385.8	469.7
Other receivables	14	28.0	31.3
Derivative financial instruments	14	38.6	74.6
Cash and cash equivalents		219.4	71.7
		899.5	915.9
Total assets		1,798.0	1,944.4

Current liabilities
Trade and other payables	15	340.7	373.2
Obligations under finance lease contracts	15	2.3	3.4
Bank overdrafts	15	2.5	18.8
Bank loans	15	173.5	345.3
Loan notes	15	0.1	0.1
Derivative financial instruments	15	0.1	60.6
Current tax liabilities	15	2.8	5.9
Provisions	15	9.5	8.3
		531.5	815.6

Non-current liabilities
Obligations under finance lease contracts	16	7.1	9.2
Bank loans	16	12.1	6.4
Private placement notes	16	299.2	328.6
Loan notes	16	–	0.1
Derivative financial instruments	16	15.6	70.9
Deferred tax liabilities	16	38.9	49.5
Other payables	16	6.1	4.0
Retirement benefit obligations	16	24.0	19.1
Provisions	16	31.7	22.1
		434.7	509.9
Total liabilities		966.2	1,325.5
Net assets		831.8	618.9

Capital and reserves
Called up share capital	23	59.1	13.6
Share premium account		447.0	167.5
Capital redemption reserve		0.3	0.3
Special reserve		–	22.1
Share option reserve		0.9	2.6
Hedging and translation reserve		46.1	89.4
Retained profits		276.2	321.5
Attributable to equity holders of the Company		829.6	617.0
Minority interests		2.2	1.9
Total equity		831.8	618.9

The Accounts were approved by the Board of Directors on 17 March 2010 and signed on its behalf by:

CHRIS DAVIES
DIRECTOR

GARETH DAVIES
DIRECTOR

The accompanying Statement of Significant Accounting Policies and Notes to the Accounts are an integral part of this Consolidated Balance Sheet.

SIG plc Registered No. 998314