| Note | 2018
£m | 2017
£m |
|---|
| ASSETS | | | |
| Non-current assets | | | |
| Intangible assets | 12 | 709.8 | 396.3 |
| Property, plant and equipment | 13 | 45.3 | 45.2 |
| Investments | 6 | 10.5 | 10.8 |
| Deferred tax assets | 15 | 3.8 | 0.8 |
| Total non-current assets | | 769.4 | 453.1 |
| Current assets | | | |
| Inventories | 16 | 86.6 | 56.5 |
| Trade and other receivables | 17 | 81.6 | 67.3 |
| Cash and cash equivalents | 18 | 79.7 | 61.2 |
| Total current assets | | 247.9 | 185.0 |
| Total assets | | 1,017.3 | 638.1 |
| LIABILITIES | | | |
| Current liabilities | | | |
| Borrowings | 21 | (1.2) | (1.0) |
| Trade and other payables | 19 | (75.7) | (61.3) |
| Deferred and contingent consideration | 33 | (8.8) | (1.6) |
| Current tax liabilities | 20 | (5.9) | (2.5) |
| Total current liabilities | | (91.6) | (66.4) |
| Non-current liabilities | | | |
| Borrowings | 21 | (289.9) | (180.2) |
| Deferred income | | (0.2) | — |
| Deferred and contingent consideration | 33 | (28.0) | (33.4) |
| Employee benefit obligations | 23 | (3.0) | (3.0) |
| Provisions | 22 | (2.8) | (3.2) |
| Deferred tax liabilities | 15 | (96.8) | (49.3) |
| Total non-current liabilities | | (420.7) | (269.1) |
| Total liabilities | | (512.3) | (335.5) |
| Net assets | | 505.0 | 302.6 |
| EQUITY | | | |
| Issued share capital | 25 | 1.0 | 0.9 |
| Share premium account | | 359.3 | 173.4 |
| Own shares | 26 | (0.4) | (0.7) |
| Foreign currency translation reserve | | 17.8 | 18.2 |
| Merger reserve | | 1.8 | 1.8 |
| Retained earnings | | 125.5 | 107.4 |
| Total equity attributable to equity holders of the parent | | 505.0 | 301.0 |
| Non-controlling interests | 27 | — | 1.6 |
| Total equity | | 505.0 | 302.6 |
The financial statements were approved by the Board of Directors on 3 September 2018 and are signed on its behalf by:
Ian Page
Chief Executive Officer
3 September 2018
Richard Cotton
Chief Financial Officer
3 September 2018
Company number: 3369634