Statements of financial position

at 31 December 2009

	Note	2009 £’000	2008 (restated) £’000	2007 (restated) £’000	2009 £’000	2008 £’000	2007 £’000
		Group			Parent Company
ASSETS
Non-current assets
Intangible assets	11	12,684	13,671	14,920	—	—	—
Property, plant and equipment	12	16,203	100,732	143,409	274	262	338
Investment property	13	172,290	126,279	81,458	—	—	—
Investments	14	—	—	—	3,862	21,974	3,037
Trade and other receivables	15	3,743	5,344	—	—	—	—
Deferred tax assets	16	11,131	7,006	8,709	7,836	6,560	6,833
		216,051	253,032	248,496	11,972	28,796	10,208
Current assets
Inventories	17	55,433	59,011	83,403	—	—	—
Trade and other receivables	15	25,071	27,229	28,809	190,116	228,211	240,057
Cash and cash equivalents		4,305	2,579	2,326	1,885	98	29
		84,809	88,819	114,538	192,001	228,309	240,086
LIABILITIES
Current liabilities
Trade and other payables	19	51,971	51,885	55,259	106,688	131,058	90,762
Current tax liability		2,820	3,285	11,886	687	1,595	10,646
Borrowings	21	31,163	45,463	55,702	30,000	44,905	55,197
Provisions	23	4,004	11,057	11,291	1,124	124	—
		89,958	111,690	134,138	138,499	177,682	156,605
NET CURRENT (LIABILITIES) ASSETS		(5,149)	(22,871)	(19,600)	53,502	50,627	83,481
Non-current liabilities
Trade and other payables	19	3,734	7,233	—	—	—	—
Borrowings	21	5,231	6,394	17,556	—	—	10,000
Employee benefits	24	25,732	22,636	22,454	25,732	22,636	22,454
Deferred tax liabilities	16	5	3,778	6,523	—	—	—
Provisions	23	—	20	144	—	—	124
		34,702	40,061	46,677	25,732	22,636	32,578
NET ASSETS		176,200	190,100	182,219	39,742	56,787	61,111

EQUITY
Share capital	27	13,424	13,424	13,424	13,424	13,424	13,424
Revaluation reserve	28	3,349	4,438	4,809	—	—	—
Retained earnings	28	156,200	168,868	160,759	22,138	37,762	42,086
Other reserves	28	2,599	2,577	2,623	4,180	5,601	5,601
Cost of shares held by ESOP trust	14	(602)	(764)	(1,033)	—	—	—
Equity attributable to equity holders of the Parent Company		174,970	188,543	180,582	39,742	56,787	61,111
Minority interests		1,230	1,557	1,637	—	—	—
Total equity		176,200	190,100	182,219	39,742	56,787	61,111

E J Boot
Director
1 APRIL 2010

J T Sutcliffe
Director
1 APRIL 2010

annual report and financial statements 2009

Statements of financial position

at 31 December 2009