Financial information

At 31 December 2021

	Note	2021 £m	2020 £m
Non-current assets
Goodwill		213.9	215.5
Other intangible assets		108.1	108.0
Property, plant and equipment		489.3	522.6
Right-of-use assets		57.6	69.0
Investment in associate		–	4.1
Deferred tax assets		2.2	2.4
Trade and other receivables		1.6	2.1
		872.7	923.7
Current assets
Inventories		19.3	15.8
Current tax assets		20.6	20.7
Trade and other receivables		117.0	116.2
Cash and bank balances		39.3	30.7
Derivative financial instruments		0.5	–
Assets held for sale		0.4	2.9
		197.1	186.3
Total assets		1,069.8	1,110.0

Current liabilities
Trade and other payables		110.0	170.9
Current tax liabilities		34.0	30.7
Borrowings		91.7	53.2
Lease liabilities		12.9	13.6
Provisions	7	14.4	26.0
		263.0	294.4
Net current (liabilities)/assets		(65.9)	(108.1)

Non-current liabilities
Lease liabilities		51.6	62.0
Retirement benefit obligations		13.9	16.2
Deferred tax liabilities		47.0	42.7
Provisions	7	7.4	11.0
Other payables		1.5	2.3
		121.4	134.2
Total liabilities		384.4	428.6
Net assets		685.4	681.4

Equity
Share capital		33.1	33.1
Share premium account		177.1	177.1
Own shares		(6.2)	(6.9)
Other reserves		136.5	132.6
Translation reserves		24.8	37.9
Retained earnings		319.4	306.7

Equity attributable to equity holders of the parent		684.7	680.5
Non-controlling interests		0.7	0.9
Total equity		685.4	681.4

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	2021 £m	2020 £m
Non-current assets
Goodwill		213.9	215.5
Other intangible assets		108.1	108.0
Property, plant and equipment		489.3	522.6
Right-of-use assets		57.6	69.0
Investment in associate		–	4.1
Deferred tax assets		2.2	2.4
Trade and other receivables		1.6	2.1
		872.7	923.7
Current assets
Inventories		19.3	15.8
Current tax assets		20.6	20.7
Trade and other receivables		117.0	116.2
Cash and bank balances		39.3	30.7
Derivative financial instruments		0.5	–
Assets held for sale		0.4	2.9
		197.1	186.3
Total assets		1,069.8	1,110.0

Current liabilities
Trade and other payables		110.0	170.9
Current tax liabilities		34.0	30.7
Borrowings		91.7	53.2
Lease liabilities		12.9	13.6
Provisions	7	14.4	26.0
		263.0	294.4
Net current (liabilities)/assets		(65.9)	(108.1)

Non-current liabilities
Lease liabilities		51.6	62.0
Retirement benefit obligations		13.9	16.2
Deferred tax liabilities		47.0	42.7
Provisions	7	7.4	11.0
Other payables		1.5	2.3
		121.4	134.2
Total liabilities		384.4	428.6
Net assets		685.4	681.4

Equity
Share capital		33.1	33.1
Share premium account		177.1	177.1
Own shares		(6.2)	(6.9)
Other reserves		136.5	132.6
Translation reserves		24.8	37.9
Retained earnings		319.4	306.7

Equity attributable to equity holders of the parent		684.7	680.5
Non-controlling interests		0.7	0.9
Total equity		685.4	681.4

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