Annual Report 2016 - Page 55

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