Financial information

At 31 December 2021

	Note	2022 £m	2021 £m
Non-current assets
Goodwill		227.8	213.9
Other intangible assets		116.9	108.1
Property, plant and equipment		516.3	489.3
Right-of-use assets		59.6	57.6
Investment in associate			–
Deferred tax assets		1.5	2.2
Trade and other receivables		1.5	1.6
		923.6	872.7
Current assets
Inventories		27.8	19.3
Current tax assets		24.4	20.6
Trade and other receivables		154.4	117.0
Cash and bank balances		37.2	39.3
Derivative financial instruments		–	0.5
Assets held for sale		0.3	0.4
		244.1	197.1
Total assets		1,167.7	1,069.8

Current liabilities
Trade and other payables		124.9	110.0
Current tax liabilities		42.8	34.0
Borrowings		70.6	91.7
Lease liabilities		12.3	12.9
Provisions	7	10.2	14.4
		261.1	263.0
Net current (liabilities)/assets		(17.0)	(65.9)

Non-current liabilities
Lease liabilities		53.7	51.6
Retirement benefit obligations		10.9	13.9
Deferred tax liabilities		51.0	47.0
Provisions	7	7.9	7.4
Other payables		1.1	1.5
		124.6	121.4
Total liabilities		386.7	384.4
Net assets		782.0	685.4

Equity
Share capital		33.1	33.1
Share premium account		177.1	177.1
Own shares		(5.2)	(6.2)
Other reserves		134.9	136.5
Translation reserves		81.2	24.8
Retained earnings		359.8	319.4

Equity attributable to equity holders of the parent		780.9	684.7
Non-controlling interests		1.1	0.7
Total equity		782.0	685.4

The financial statements of Bodycote plc, registered number 519057, were approved by the Board of Directors and authorised for issue on 14 March 2022.

S.C. Harris –
Director
D Yates –
Director

Financial information

At 31 December 2021

	Note	2022 £m	2021 £m
Non-current assets
Goodwill		227.8	213.9
Other intangible assets		116.9	108.1
Property, plant and equipment		516.3	489.3
Right-of-use assets		59.6	57.6
Investment in associate			–
Deferred tax assets		1.5	2.2
Trade and other receivables		1.5	1.6
		923.6	872.7
Current assets
Inventories		27.8	19.3
Current tax assets		24.4	20.6
Trade and other receivables		154.4	117.0
Cash and bank balances		37.2	39.3
Derivative financial instruments		–	0.5
Assets held for sale		0.3	0.4
		244.1	197.1
Total assets		1,167.7	1,069.8

Current liabilities
Trade and other payables		124.9	110.0
Current tax liabilities		42.8	34.0
Borrowings		70.6	91.7
Lease liabilities		12.3	12.9
Provisions	7	10.2	14.4
		261.1	263.0
Net current (liabilities)/assets		(17.0)	(65.9)

Non-current liabilities
Lease liabilities		53.7	51.6
Retirement benefit obligations		10.9	13.9
Deferred tax liabilities		51.0	47.0
Provisions	7	7.9	7.4
Other payables		1.1	1.5
		124.6	121.4
Total liabilities		386.7	384.4
Net assets		782.0	685.4

Equity
Share capital		33.1	33.1
Share premium account		177.1	177.1
Own shares		(5.2)	(6.2)
Other reserves		134.9	136.5
Translation reserves		81.2	24.8
Retained earnings		359.8	319.4

Equity attributable to equity holders of the parent		780.9	684.7
Non-controlling interests		1.1	0.7
Total equity		782.0	685.4

The financial statements of Bodycote plc, registered number 519057, were approved by the Board of Directors and authorised for issue on 14 March 2022.

S.C. Harris –
Director
D Yates –
Director