Balance Sheets

at 30 June 2009

Group

Company

Notes

2009

£’000

2008

£’000

2009

£’000

2008

£’000

Non-current assets

Goodwill

12

51,062

48,110

–

–

Intangible assets

13

19,708

14,811

817

885

Property, plant and equipment

14

1,643

1,827

–

–

Investments

15

165

–

72,114

70,599

Deferred tax asset

16

1,304

708

–

–

Other non-current assets

89

317

–

–

73,971

65,773

73,931

71,484

Current assets

Inventories

17

3,807

3,380

–

–

Trade and other receivables

18

9,764

14,469

222

37

Current tax receivable

48

1,580

–

–

Cash and cash equivalents

88

1,052

17

13,707

20,481

239

37

Total assets

87,678

86,254

73,170

71,521

Current liabilities

Financial liabilities – borrowings

20

(3,733)

(3,108)

(956)

(913)

Trade and other payables

19

(9,865)

(11,666)

(791)

(685)

Deferred income

(713)

(566)

–

–

Current tax liabilities

(163)

(86)

–

–

Provisions

21

(382)

–

(260)

–

(14,856)

(15,426)

(2,007)

(1,598)

Non-current liabilities

Financial liabilities – borrowings

20

(4,602)

(4,140)

(1,841)

(1,426)

Deferred income

(280)

(357)

–

–

Other non-current liabilities

(239)

–

–

–

Provisions

21

(343)

–

–

–

(5,464)

(4,497)

(1,841)

(1,426)

Total liabilities

(20,320)

(19,923)

(3,848)

(3,024)

Net assets

67,358

66,331

69,322

68,497

Equity

Share capital

23

1,033

935

1,033

935

Share premium account

24

23,131

21,472

23,131

21,472

Merger reserve

50,474

50,474

55,574

55,574

Other reserves

27

6,528

4,198

686

686

Retained deficit

(13,808)

(10,760)

(11,102)

(10,170)

Total shareholders’ equity

67,358

66,319

69,322

68,497

Minority equity interests

–

12

–

–

Total equity

67,358

66,331

69,322

68,497

The notes on pages 43 to 64 are an integral part of these consolidated financial statements.
Approved by the Board of Directors on 30 October 2009.

Dr MJ Flynn
Chief Executive Officer