Balance sheet

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Balance sheet

As at 31 December 2022

	2022 £m	2021 £m
Non-current assets
Goodwill	227.8	213.9
Other intangible assets	116.9	108.1
Property, plant and equipment	516.9	489.3
Right-of-use assets	59.6	57.6
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	10.2	14.4
	261.1	263.0
Net current liabilities	(17.0)	(65.9)

Non-current liabilities
Lease liabilities	53.7	51.6
Derivative financial instruments	0.3	–
Retirement benefit obligations	10.9	13.9
Deferred tax liabilities	51.0	47.0
Provisions	7.9	7.4
Other payables	1.1	1.5
	124.6	121.4
Total liabilities	385.7	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 17 March 2023

Balance sheet

As at 31 December 2022

	2022 £m	2021 £m
Non-current assets
Goodwill	227.8	213.9
Other intangible assets	116.9	108.1
Property, plant and equipment	516.9	489.3
Right-of-use assets	59.6	57.6
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	10.2	14.4
	261.1	263.0
Net current liabilities	(17.0)	(65.9)

Non-current liabilities
Lease liabilities	53.7	51.6
Derivative financial instruments	0.3	–
Retirement benefit obligations	10.9	13.9
Deferred tax liabilities	51.0	47.0
Provisions	7.9	7.4
Other payables	1.1	1.5
	124.6	121.4
Total liabilities	385.7	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 17 March 2023