TT Electronics OAR: Group Accounts: Consolidated balance sheet

Consolidated balance sheet at 31 December 2009

	Note	2009 £million	2008 £million
Assets
Non-current assets
Property, plant and equipment	9	111.3	137.4
Goodwill	10	65.9	74.5
Other intangible assets	11	17.6	23.6
Deferred tax assets	19	4.9	5.5
Total non-current assets		199.7	241.0
Current assets
Inventories	12	83.9	120.0
Trade and other receivables	13	85.1	111.5
Financial asset	18	0.3	–
Cash and cash equivalents	13	24.7	10.1
Total current assets		194.0	241.6
Total assets		393.7	482.6
Liabilities
Current liabilities
Short-term borrowings	17	11.2	51.2
Financial derivatives	18	0.5	2.9
Trade and other payables	22	88.7	99.4
Current tax payable		1.7	3.1
Provisions for liabilities	21	8.9	5.6
Total current liabilities		111.0	162.2
Non-current liabilities
Long-term borrowings	17	70.4	72.1
Deferred tax	19	5.9	8.7
Pensions and other post-employment benefits	27	43.7	18.6
Provisions for liabilities	21	0.2	0.1
Other non-current liabilities	22	6.7	8.0
Total non-current liabilities		126.9	107.5
Total liabilities		237.9	269.7
Net assets		155.8	212.9
Equity
Share capital	14	38.7	38.7
Share premium account		0.2	0.2
Share options reserve		1.0	1.2
Hedging reserve	15	(11.5)	(18.1)
Translation reserve	15	38.7	53.9
Retained earnings	16	86.3	134.6
Minority interests		2.4	2.4
Total equity		155.8	212.9