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Smith
Nephew

Group Balance Sheet

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Group balance sheet at 31 December

  2007 $million 2006 $million
Assets    
Non-current assets    
Property, plant and equipment 743 635
Goodwill 1,198 640
Intangible assets 449 191
Investments 9 10
Investments in associates 11 –
Deferred tax assets 135 110
  2,545 1,586
Current assets    
Inventories 837 619
Trade and other receivables 898 680
Cash and bank 170 346
  1,905 1,645
Total assets 4,450 3,231
     
Equity and Liabilities    
Equity attributable to equity holders of the parent    
Called up equity share capital 190 189
Share premium account 356 329
Treasury shares (637) (1)
Accumulated profits and other reserves 1,907 1,657
Total equity 1,816 2,174
     
Non-current liabilities    
Long-term borrowings 36 15
Retirement benefit obligation 184 154
Other payables due after one year 47 3
Provisions due after one year 33 34
Deferred tax liabilities 63 35
  363 241
Current liabilities    
Bank overdrafts and loans due within one year 1,442 119
Trade and other payables due within one year 545 421
Provisions due within one year 80 49
Current tax payable 204 227
  2,271 816
Total liabilities 2,634 1,057
     
Total equity and liabilities 4,450 3,231

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