Tate & Lyle Annual Report 2011 - Statement of financial position

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			31 March
	Notes	2011 £m	2010 £m
ASSETS
Non-current assets
Goodwill and other intangible assets	15	320	340
Property, plant and equipment	16	855	1 208
Investments in associates	17	5	7
Available-for-sale financial assets	18	19	14
Derivative financial instruments	20	48	49
Deferred tax assets	29	74	143
Trade and other receivables	23	1	2
Retirement benefit surplus	30	103	16
		1 425	1 779
Current assets
Inventories	22	454	409
Trade and other receivables	23	291	424
Current tax assets		25	4
Derivative financial instruments	20	135	150
Cash and cash equivalents	33	654	504
		1 559	1 491
Assets held for sale	38	67	18
		1 626	1 509
TOTAL ASSETS		3 051	3 288

SHAREHOLDERS’ EQUITY
Capital and reserves attributable to the equity holders of the Company
Share capital	24	117	115
Share premium	24	406	405
Capital redemption reserve		8	8
Other reserves	25	175	220
Retained earnings		244	79
		950	827
Non-controlling interests		23	27
TOTAL SHAREHOLDERS’ EQUITY		973	854

LIABILITIES
Non-current liabilities
Trade and other payables	27	1	1
Borrowings	28	887	1 119
Derivative financial instruments	20	56	67
Deferred tax liabilities	29	30	59
Retirement benefit deficit	30	242	273
Provisions for other liabilities and charges	31	21	37
		1 237	1 556
Current liabilities
Trade and other payables	27	406	485
Current tax liabilities		33	52
Borrowings and bank overdrafts	28	227	190
Derivative financial instruments	20	126	125
Provisions for other liabilities and charges	31	44	26
		836	878
Liabilities held for sale	38	5	–
		841	878
TOTAL LIABILITIES		2 078	2 434
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES		3 051	3 288

The Group financial statements were approved by the Board of Directors on 26 May 2011 and signed on its behalf by:

Javed Ahmed, Tim Lodge Directors

The notes form part of these Group financial statements.

Consolidated statement of financial position