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Consolidated balance sheet

At 28 February 2009

	Notes	28 February 2009 £m	1 March 2008 £m
ASSETS
Non-current assets
Goodwill	14	1,541.0	1,922.7
Other intangible assets	15	103.6	83.7
Property, plant and equipment	16	559.3	731.8
Investment in joint ventures and associates	17	8.4	7.7
Deferred tax assets	26	87.4	46.6
Trade and other receivables	19	3.4	4.8
Retirement benefit assets	24	–	83.7
Other financial assets	25	9.2	14.2
Total non-current assets		2,312.3	2,895.2
Current assets
Inventories	18	930.3	1,004.8
Trade and other receivables	19	593.7	597.8
Current tax assets		15.1	16.9
Other financial assets	25	53.7	4.3
Current asset investments	20	75.0	–
Cash and cash equivalents	21	209.4	174.0
Total current assets		1,877.2	1,797.8
Total assets		4,189.5	4,693.0
LIABILITIES
Non-current liabilities
Trade and other payables	22	(64.0)	(41.3)
Provisions	23	(198.6)	(72.6)
Deferred tax liabilities	26	(26.3)	(67.4)
Retirement benefit obligations	24	(46.4)	–
Total non–current liabilities		(335.3)	(181.3)
Current liabilities
Trade and other payables	22	(999.2)	(1,089.5)
Provisions	23	(51.6)	(26.1)
Other financial liabilities	25	(1.5)	(2.8)
Current tax liabilities		(43.5)	(48.1)
Total current liabilities		(1,095.8)	(1,166.5)
Total liabilities		(1,431.1)	(1,347.8)
Net assets		2,758.4	3,345.2
EQUITY
Share capital	27,28	87.7	87.7
Merger reserve	28	(348.4)	(348.4)
Other reserves	28	35.4	3.9
Retained earnings	28	2,983.7	3,602.0
Total equity		2,758.4	3,345.2

The financial statements were approved by the Board of Directors on 29 April 2009 and were signed on its behalf by:

Terry Duddy,
Chief Executive

Richard Ashton,
Finance Director