TANFIELD GROUP PLC
Page 21
BALANCE SHEETS
AS AT 31 DECEMBER 2008
Group
Company
2008
2007
2008
2007
Note
£000's
£000's
£000's
£000's
ASSETS
Non current assets
Goodwill
12
356
32,244
-
-
Intangible assets
13
15,153
22,685
-
-
Property, plant and equipment
11
6,346
6,098
-
-
Deferred tax assets
22
1,779
785
-
278
Trade and other receivables
16
1,500
-
-
-
Investments
14
-
-
15,124
50,048
25,134
61,812
15,124
50,326
Current assets
Inventories
15
60,560
60,352
-
-
Trade and other receivables
16
20,595
47,197
59,732
82,133
Investments
17
251
120
-
-
Current tax assets
-
1,459
-
-
Cash and cash equivalents
16
11,130
27,952
5,372
24,607
92,536
137,080
65,104
106,740
TOTAL ASSETS
117,670
198,892
80,228
157,066
LIABILITIES
Current liabilities
Trade and other payables
18
19,807
26,406
769
327
Tax liabilities
687
-
-
-
Obligations under finance leases
20
565
684
10
120
Other creditors
21
9,954
467
5,720
-
31,013
27,557
6,499
447
Non-current liabilities
Other creditors
21
-
5,021
-
5,021
Obligations under finance leases
20
569
1,100
-
10
Deferred tax liabilities
22
307
-
-
-
876
6,121
-
5,031
TOTAL LIABILITIES
31,889
33,678
6,499
5,478
EQUITY
Share capital
24
3,704
3,703
3,704
3,703
Share premium
27
138,511
138,493
138,511
138,493
Share option reserve
27
1,653
992
1,653
992
Loan stock equity reserve
27
-
-
-
-
Merger reserve
27
1,534
1,534
1,534
1,534
Capital reduction reserve
27
7,228
7,228
7,228
7,228
Translation reserve
25
9,290
879
-
338
Profit and loss account
26
(76,139)
12,385
(78,901)
(700)
TOTAL EQUITY
85,781
165,214
73,729
151,588
TOTAL EQUITY AND LIABILITIES
117,670
198,892
80,228
157,066
The financial statements on pages 20 to 55 were approved by the board of directors and authorised for
issue on 16 April 2009 and are signed on its behalf by:
Charles Brooks
FD
