Balance Sheets At 31 December 2007

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    Group Company
  Note 2007
£'000		 2006
£'000		 2007
£'000		 2006
£'000
Non-current assets   38,744 36,522 426,028 426,777
Property, plant and equipment 10 27,149 21,550 – –
Intangible assets 11 4,296 3,598 – –
Investments 12 – – 426,028 426,777
Deferred tax assets 17 4,998 9,447 – –
Other receivables 13 2,301 1,927 – –
    38,744 36,522 426,028 426,777
Current assets   275,800 179,613 74,895 821
Trade and other receivables 13 192,810 143,813 73,562 332
Current tax receivable 7 – 213 1,333 489
Cash and cash equivalents 21 82,990 35,587 – –
    275,800 179,613 74,895 821
Total assets 2 314,544 216,135 500,923 427,598
Non-current liabilities   (697) (1,130)    
Other payables 14 (680) (1,130) – –
Deferred tax liabilities 17 (17) – – –
    (697) (1,130) – –
Current liabilities   (205,997) (134,614) (375,435) (230,745)
Trade and other payables 14 (115,405) (83,525) (302,702) (191,595)
Bank overdrafts 15 (47,433) (43) (47,433) –
Bank loans 15 (25,300) (39,150) (25,300) (39,150)
Current tax payable 7 (17,859) (11,704) – –
Provisions for liabilities 16 – (192) – –
    (205,997) (134,614) (375,435) (230,745)
Total liabilities 2 (206,694) (135,744) (375,435) (230,745)
Net assets   107,850 80,391 125,488 196,853
           
Capital and reserves          
Called-up share capital 18 3,274 3,332 3,274 3,332
Share premium 19 46,635 37,952 46,635 37,952
Capital redemption reserve 19 771 656 771 656
Reserve for shares held in the employee benefit trust 19 (22,740) (8,901) – –
Currency translation reserve 19 5,315 (2,812) – –
Retained earnings   74,595 50,164 74,808 154,913
Total equity   107,850 80,391 125,488 196,853

These financial statements were approved by the Board of Directors and authorised for issue on 4 March 2008.

On behalf of the Board of Directors.

Signature: S Ingham - Chief Executive

S Ingham

Chief Executive
Signature: S R Puckett - Group Finance Director

S R Puckett

Group Finance Director

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