Balance sheets

as at 31 March 2012

Consolidated Parent company
Notes 2012
£’000
2011
£’000
2012
£’000
2011
£’000
Assets
Non-current assets
Goodwill 14 85,272 85,272
Other intangible assets 15 7,044 4,659
Property, plant and equipment 16 117,901 115,979
Investments 17 1,050 1,065 494,461 494,461
Deferred tax assets 25 28,372 35,297
239,639 242,272 494,461 494,461
Current assets
Inventories 18 3,663 2,150
Trade and other receivables 19 71,867 70,793 1 10
Cash and cash equivalents 22 8,333 6,535
83,863 79,478 1 10
Total assets 323,502 321,750 494,462 494,471
Liabilities
Current liabilities
Trade and other payables 20 (144,134) (143,028)
Derivative financial instruments 28 (17) (3,703)
Provisions for other liabilities and charges 24 (2,352) (4,815)
 
Non-current liabilities
Trade and other payables 20 (388) (135) (423)
Bank loans 21 (83,464) (88,004)
Retirement benefit obligation 30 (13,886) (6,927)
Derivative financial instruments 28 (3,748)
Provisions for other liabilities and charges 24 (2,056) (1,944)
Total liabilities (250,045) (248,556) (423)
Net assets 73,457 73,194 494,039 494,471
Equity
Capital and reserves attributable to equity holders of the Company
Share capital 26, 27 51,660 51,660 51,660 51,660
Share premium account 27 353,231 353,231 353,231 353,231
Hedging and translation reserve 27 (2,945) (2,883)
(Accumulated losses)/retained earnings 27 (328,489) (328,814) 89,148 89,580
Total equity 27 73,457 73,194 494,039 494,471

The notes are an integral part of these consolidated financial statements.

The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2012.

They were signed on its behalf by:

Bill Halbert

Executive Chairman

31 May 2012

Paul Simpson

Chief Financial Officer


KCOM Group PLC

Registered number: 2150618

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