| Notes | 3 December
2017
£m | 27 November 2016
£m |
|---|
| Non-Current Assets | | | |
| Intangible assets | 3.1 | 112.4 | 79.7 |
| Property, plant and equipment | 3.2 | 453.7 | 397.3 |
| Deferred tax asset | 2.8 | 14.3 | 14.2 |
| Financial assets | 3.3 | 3.0 | 2.6 |
| Investment in joint ventures | 3.4 | 51.0 | 57.1 |
| | 634.4 | 550.9 |
| Current Assets | | | |
| Inventories | 3.7 | 42.9 | 39.1 |
| Trade and other receivables | 3.8 | 66.8 | 59.4 |
| Derivative financial instruments | 4.6 | 0.4 | 0.3 |
| Cash and cash equivalents | 3.9 | 150.0 | 50.9 |
| | 260.1 | 149.7 |
| Total Assets | | 894.5 | 700.6 |
| Current Liabilities | | | |
| Trade and other payables | 3.10 | (228.6) | (205.6) |
| Borrowings | 4.2 | — | (52.9) |
| Obligations under finance leases | 4.3 | (27.2) | (29.8) |
| Derivative financial instruments | 4.6 | (0.1) | (0.2) |
| Provisions | 3.11 | (1.3) | (2.4) |
| | (257.2) | (290.9) |
| Net Current Assets/(Liabilities) | | 2.9 | (141.2) |
| Non-Current Liabilities | | | |
| Borrowings | 4.2 | (243.3) | (6.1) |
| Obligations under finance leases | 4.3 | (107.5) | (127.0) |
| Provisions | 3.11 | (8.8) | (7.3) |
| Deferred tax liability | 2.8 | (7.0) | (6.9) |
| | (366.6) | (147.3) |
| Net Assets | | 270.7 | 262.4 |
| Equity | | | |
| Share capital | 4.9 | 12.6 | 12.6 |
| Share premium | 4.9 | 258.4 | 256.9 |
| Treasury shares reserve | 4.9 | (48.0) | (48.0) |
| Reverse acquisition reserve | 4.9 | (116.2) | (116.2) |
| Other reserves | 4.9 | 0.7 | 0.2 |
| Retained earnings | | 163.2 | 156.9 |
| Total Equity | | 270.7 | 262.4 |
The notes form part of these financial statements.
The Consolidated financial statements were authorised for issue by the Board of Directors and signed on its behalf by:
Tim Steiner
Chief Executive Officer
Duncan Tatton-Brown
Chief Financial Officer
Ocado Group plc
Company Registration Number 07098618 (England and Wales)
31 January 2018