Annual Report and Accounts 2009

Consolidated Balance Sheet for the year to 31 December 2009

  Note 2009
£m
2008
£m
Non-current assets
Goodwill 11 2.4
Other intangible assets 12
Property, plant and equipment 13 8.2 15.5
Interests in joint ventures 14 51.9 67.7
Trade and other receivables 17 65.0 47.9
Deferred tax assets 15 119.6 6.6
    247.1 137.7
Current assets
Inventories 16 3,603.3 4,890.6
Trade and other receivables 17 130.5 181.3
Tax receivables 61.0 90.4
Cash and cash equivalents 17 132.1 752.3
    3,926.9 5,914.6
Total assets 4,174.0 6,052.3
Current liabilities
Trade and other payables 20 (760.0) (1,170.7)
Tax payables (242.6) (196.5)
Debenture loans 19 (101.1)
Bank loans and overdrafts 18 (12.7) (23.4)
Provisions 23 (47.8) (56.1)
    (1,063.1) (1,547.8)
Net current assets 2,863.8 4,366.8
Non-current liabilities
Trade and other payables 20 (278.6) (342.1)
Debenture loans 19 (721.9) (868.0)
Bank loans 18 (148.4) (1,289.1)
Retirement benefit obligations 22 (409.3) (279.8)
Deferred tax liabilities 15 (0.8) (1.3)
Provisions 23 (51.0) (51.0)
    (1,610.0) (2,831.3)
Total liabilities (2,673.1) (4,379.1)
 
Net assets 1,500.9 1,673.2
 
Equity
Share capital 24 287.7 289.6
Share premium account 25 753.6 753.6
Own shares 27 (5.0) (275.7)
Merger relief reserve 26
Other reserves 26 76.7 64.7
Retained earnings 26 385.5 838.3
Equity attributable to equity holders of the parent 1,498.5 1,670.5
Minority interests 2.4 2.7
Total equity 1,500.9 1,673.2

The financial statements of Taylor Wimpey plc (registered number: 00296805) were approved by the Board of Directors and authorised for issue on 2 March 2010. They were signed on its behalf by:

Signature: P Redfern, Director
P Redfern
Director

Signature: C Rickard, Director
C Rickard
Director