REG - Genus - Interim Results <Origin Href="QuoteRef">GENS.L</Origin> - Part 2
24/02/2015 07:00
- Part 2: For the preceding part double click ID:nRSX6544Fa
£m £m £m £m £m £m £m £m £m
Note
Balance at 1 July 2013 6.1 112.1 (0.1) 25.4 (0.3) 156.9 300.1 0.4 300.5
Foreign exchange translation differences, net of tax - - - (32.4) - - (32.4) - (32.4)
Fair value movement on net investment hedges, net of tax - - - 4.7 - - 4.7 - 4.7
Fair value movement on cash flow hedges, net of tax - - - - 0.1 - 0.1 - 0.1
Actuarial loss on retirement benefit obligations, net of tax - - - - - 2.4 2.4 - 2.4
Other comprehensive (expense)/income for the period - - - (27.7) 0.1 2.4 (25.2) - (25.2)
Profit for the period - - - - - 17.2 17.2 - 17.2
Total comprehensive (expense)/income for the period - - - (27.7) 0.1 19.6 (8.0) - (8.0)
Recognition of share-based payments, net of tax - - - - - 1.4 1.4 - 1.4
Issue of ordinary shares - 0.1 - - - - 0.1 - 0.1
Dividends 8 - - - - - (6.7) (6.7) - (6.7)
Balance at 31 December 2013 6.1 112.2 (0.1) (2.3) (0.2) 171.2 286.9 0.4 287.3
GENUS PLC
CONDENSED CONSOLIDATED BALANCE SHEET
As at 31 December 2014
Note 31 December 31 December 30 June
2014 2013 2014
£m £m £m
Assets
Goodwill 76.0 69.7 69.9
Other intangible assets 68.6 68.3 64.4
Biological assets 9 237.7 214.9 208.9
Property, plant and equipment 47.8 41.8 40.6
Interests in joint ventures and associates 10 23.3 22.4 21.7
Available for sale investments 0.1 0.1 0.1
Deferred tax assets 9.7 17.4 4.8
Total non-current assets 463.2 434.6 410.4
Inventories 32.4 31.6 30.6
Biological assets 9 44.7 43.1 44.1
Trade and other receivables 77.0 78.8 75.1
Cash and cash equivalents 23.8 20.7 22.8
Income tax receivable 0.5 0.4 0.4
Asset held for sale 0.8 - 0.8
Derivative financial assets - 0.2 -
Total current assets 179.2 174.8 173.8
Total assets 642.4 609.4 584.2
Liabilities
Trade and other payables (60.1) (50.7) (53.3)
Interest-bearing loans and borrowings (10.6) (10.5) (13.0)
Provisions (1.0) (1.1) (1.4)
Obligations under finance leases (1.1) (1.1) (1.1)
Current tax liabilities (6.6) (5.0) (6.4)
Derivative financial liabilities (0.3) (1.2) (2.6)
Total current liabilities (79.7) (69.6) (77.8)
Note 31 December 31 December 30 June
2014 2013 2014
£m £m £m
Interest-bearing loans and borrowings (83.3) (87.6) (71.1)
Retirement benefit obligations 14 (77.6) (59.5) (58.2)
Provisions - (0.1) -
Deferred tax liabilities (104.3) (103.9) (90.3)
Obligations under finance leases (2.0) (1.4) (1.5)
Total non-current liabilities (267.2) (252.5) (221.1)
Total liabilities (346.9) (322.1) (298.9)
Net assets 295.5 287.3 285.3
Equity
Called up share capital 6.1 6.1 6.1
Share premium account 112.2 112.2 112.2
Own shares (0.1) (0.1) (0.1)
Translation reserve 1.6 (2.3) (12.1)
Hedging reserve - (0.2) -
Retained earnings 175.1 171.2 178.6
Equity attributable to owners of the Company 294.9 286.9 284.7
Minority interest 0.6 0.4 0.6
Total equity 295.5 287.3 285.3
GENUS PLC
GROUP STATEMENT OF CASH FLOWS
For the six months ended 31 December 2014
Note Six monthsended31 December2014 Six months ended31 December2013 Yearended30 June2014
£m £m £m
Net cash flow from operating activities 13 19.6 11.2 32.3
Cash flows from investing activities
Dividends received from joint ventures and associates - 0.3 0.9
Acquisition of subsidiary (5.8) (20.4) (20.9)
Purchase of trade and assets - (2.0) (2.0)
Acquisition of investment in joint venture (0.2) (11.2) (11.2)
Purchase of property, plant and equipment (6.7) (2.6) (5.1)
Purchase of intangible assets (1.1) (0.7) (1.5)
Proceeds from sale of property, plant and equipment 0.7 - -
Proceeds from sale of assets held for sale - 0.3 0.3
Net cash outflow from investing activities (13.1) (36.3) (39.5)
Cash flows from financing activities
Drawdown of borrowings 26.3 37.6 48.0
Repayment of borrowings (20.0) (4.9) (29.2)
Payment of finance lease liabilities (0.6) (0.6) (1.4)
Equity dividends paid (7.4) (6.7) (10.1)
Issue of ordinary shares - 0.1 0.1
Debt issue cost - (0.8) (0.8)
(Decrease)/increase in bank overdrafts (4.0) 3.9 6.4
Net cash (outflow)/inflow from financing activities (5.7) 28.6 13.0
Net increase in cash and cash equivalents 0.8 3.5 5.8
Cash and cash equivalents at beginning of period 22.8 18.4 18.4
Net increase in cash and cash equivalents 0.8 3.5 5.8
Cash acquired on acquisition - - 0.4
Effect of exchange rate fluctuations on cash and cash equivalents 0.2 (1.2) (1.8)
Total cash and cash equivalents at end of period 23.8 20.7 22.8
GENUS PLC
ANALYSIS OF NET DEBT
For the six months ended 31 December 2014
At 1 July 2014 Net cash flows Foreign exchange Non-cash movements At 31 December 2014
£m £m £m £m £m
Cash and cash equivalents 22.8 0.8 0.2 - 23.8
Interest-bearing loans - current (13.0) 3.6 (1.0) (0.2) (10.6)
Obligation under finance leases - current (1.1) 0.6 (0.1) (0.5) (1.1)
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