Consolidated balance sheet.

At 31 December 2011

  Notes 2011
£m
2010
£m
Non-current assets      
Goodwill 13 1,069.7 1,331.1
Intangible assets 14 139.4 112.5
Property, plant and equipment 15 52.7 61.9
Interests in associates and joint ventures 16 52.3 48.5
Deferred tax assets 21 56.3 49.3
Available-for-sale financial assets 17 4.8 15.6
Derivative financial assets 20 20.1 8.5
Other financial assets 20 0.7 0.7
    1,396.0 1,628.1
Current assets      
Work in progress   9.0 18.5
Trade and other receivables 18 2,372.4 2,414.1
Derivative financial assets 20 2.3 3.2
Cash and short-term deposits 20, 29 626.1 394.4
    3,009.8 2,830.2
Total assets   4,405.8 4,458.3
Current liabilities      
Trade and other payables 19 (2,948.7) (2,917.3)
Borrowings 20 (136.2) (85.6)
Derivative financial liabilities 20 (14.8) (13.4)
Provisions 22 (4.5) (3.3)
Current tax liabilities   (16.6) (9.0)
    (3,120.8) (3,028.6)
Net current liabilities   (111.0) (198.4)
Non-current liabilities      
Borrowings 20 (618.3) (640.1)
Other non-current liabilities 20, 27 (139.8) (35.6)
Derivative financial liabilities 20 (13.3) (36.7)
Provisions 22 (0.1) (4.7)
Deferred tax liabilities 21 (50.8) (44.2)
    (822.3) (761.3)
Total liabilities   (3,943.1) (3,789.9)
Net assets   462.7 668.4
Equity      
Share capital 23 64.4 64.3
Own shares 24 (31.2) (33.7)
Share premium account 25 398.7 395.8
Other equity reserves   16.0 20.4
Foreign currency translation reserve   0.1 109.6
Retained earnings   27.6 147.4
Potential acquisition of non-controlling interests   (18.5) (48.9)
Equity attributable to equity holders of the parent   457.1 654.9
Non-controlling interests   5.6 13.5
Total equity   462.7 668.4

These financial statements were approved by the Board of Directors on 14 March 2012 and were signed on its behalf by:

Jerry Buhlmann (Chief Executive Officer)

Nick Priday (Chief Financial Officer)

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