navigation
Bodycote logo - return to homepage
At a Glance
Financial Highlights
Chairman’s Statement
Group Business Review
Directors’ Report
Report of the Audit Committee
Board Report on Remuneration
Board of Directors and Advisors
Independent Auditors’ Report – Group Financial Statements
Consolidated Income Statement
Consolidated Balance Sheet
Consolidated Cash Flow Statement
Consolidated Statement of Recognised Income and Expense
Group Accounting Policies
Notes to the Group Financial Statements
Five Year Summary
Company Balance Sheet
Independent Auditors’ Report – Company Financial Statements
Company Accounting Policies
Notes to the Company Financial Statements
Principal Subsidiary Undertakings
Financial Calendar and Shareholder Information
Consolidated Balance Sheet
for the year ended 31 December 2007
2007
2006
Note
£m
£m
Non-current assets
Goodwill
213.0
201.9
10
Other intangible assets
14.3
10.4
11
Property, plant and equipment
508.9
448.4
12
Interests in associates
0.6
1.2
13
Finance lease receivables
1.0
1.4
15
Deferred tax asset
29.7
23.2
19
Derivative financial instruments
0.1
0.6
18
Trade and other receivables
13.3
11.3
16
780.9
698.4
Current assets
Inventories
19.8
13.7
14
Finance lease receivables
0.4
0.3
15
Derivative financial instruments
–
1.9
18
Trade and other receivables
159.3
138.1
16
Cash and cash equivalents
37.7
34.7
16
Assets classified as held for sale
1.8
2.3
219.0
191.0
Total assets
999.9
889.4
Current liabilities
Trade and other payables
124.5
111.1
21
Dividends payable
8.8
8.0
8
Current tax liabilities
13.0
6.7
Obligations under finance leases
1.7
1.4
20
Bank overdrafts and loans
9.0
4.4
17
Derivative financial instruments
5.2
0.2
18
Provisions
5.7
2.5
22
167.9
134.3
Net current assets
51.1
56.7
Non-current liabilities
Bank loans
221.8
186.5
17
Retirement benefit obligation
23.9
32.8
29
Deferred tax liabilities
74.3
68.7
19
Obligations under finance leases
3.4
3.3
20
Derivative financial instruments
3.0
0.1
18
Provisions
2.2
4.1
22
Other payables
6.8
5.7
21
335.4
301.2
Total liabilities
503.3
435.5
Net assets
496.6
453.9
Equity
Share capital
32.4
32.2
23
Share premium account
305.0
302.1
24
Own shares
(11.0)
(2.4)
24
Other reserves
6.0
3.8
24
Hedging and translation reserves
16.9
4.4
24
Retained earnings
140.7
109.4
24
Equity attributable to equity holders of the parent
490.0
449.5
Minority interest
6.6
4.4
Total equity
496.6
453.9
The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2008.
They were signed on its behalf by:
J. D. Hubbard
}
Directors
D. F. Landless
