Annual Report 2016 - Page 56

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