TT Electronics : Full Year 2022 Group Balance Sheet

Sheet1

£million	2022	2021
ASSETS
Non-current assets
Right-of-use assets	19.6	19.6
Property, plant and equipment	54.8	50.4
Goodwill	155.1	156.5
Other intangible assets	53.7	51.7
Deferred tax assets	13.2	11.3
Derivative financial instruments	0.8	0.6
Pensions	31.3	78.4
Total non-current assets	328.5	368.5
Current assets
Inventories	189.2	141.8
Trade and other receivables	120.3	86.2
Income taxes receivable	1.1	2.6
Derivative financial instruments	3.1	4.0
Cash and cash equivalents	65.0	68.3
Total current assets	378.7	302.9
Total assets	707.2	671.4
LIABILITIES
Current liabilities
Borrowings	3.7	1.1
Lease liabilities	4.4	4.1
Derivative financial instruments	3.6	1.3
Trade and other payables	173.2	133.9
Income taxes payable	9.6	7.1
Provisions	3.5	2.5
Total current liabilities	198.0	150.0
Non-current liabilities
Borrowings	176.6	147.1
Lease liabilities	18.7	18.5
Derivative financial instruments	0.8	0.7
Deferred tax liability	12.4	20.2
Pensions	2.9	3.9
Provisions and other non-current liabilities	0.8	1.0
Total non-current liabilities	212.2	191.4
Total liabilities	410.2	341.4
Net assets	297.0	330.0
EQUITY
Share capital	44.1	44.1
Share premium	22.9	22.6
Translation reserve	55.1	33.2
Other reserves	7.3	7.1
Retained earnings	167.6	221.0
Equity attributable to owners of the Company	297.0	328.0
Non-controlling interests	-	2.0
Total equity	297.0	330.0