"The Group finished the year on a more positive note and saw the benefit during 2016 of its exposure to multiple markets. We had an active year on the development front with the opening of seven new Selco branches, the completion of two bolt-on acquisitions in the UK and we agreed to acquire Gunters en Meuser in the Netherlands. A strong balance sheet and excellent cash generation from operations support these developments and our ongoing strategic initiatives." – Gavin Slark (13 January 2017)

Group Condensed Balance Sheet as at 30 June 2016

  Notes 30 June 2016 (Unaudited)
£’000
30 June 2015 (Unaudited)
£’000
31 Dec 2015 (Audited)
£’000
ASSETS
Non-current assets
Goodwill 15 557,645 474,231 521,521
Intangible assets 16 41,260 9,103 32,640
Property, plant and equipment 9 453,986 415,550 430,116
Investment properties 9 19,388 19,120 17,797
Deferred tax assets 17 21,434 18,807 17,905
Retirement benefit assets 13 497 671 744
Derivative financial instruments 11 - 37 -
Other financial assets   124   122 122  
Total non-current assets   1,094,334   937,641 1,020,845 
Current assets
Properties held for sale 9 9,648 9,041 10,805
Inventories 10 294,941 275,201 276,229
Trade and other receivables 10 422,141 366,802 355,752
Cash and cash equivalents 11 206,807   190,043 211,565  
Total current assets   933,537   841,087 854,351  
Total assets   2,027,871 1,778,728 1,875,196
EQUITY
Equity share capital   8,447 8,348 8,405
Share premium account   210,239 206,641 209,810
Capital redemption reserve   621 621 621
Revaluation reserve   13,594 13,747 13,674
Shares to be issued reserve   8,250 7,661 9,168
Cash flow hedge reserve   (794) 34 (354)
Foreign currency translation reserve   68,010 46,889 51,764
Retained earnings   707,596 654,721 696,479
Treasury shares held   (3,897) (3,897) (3,897)
Equity attributable to owners of the Parent   1,012,066 934,765 985,670
Non-controlling interests 8 3,252 4,102 3,350  
Total equity   1,015,318 938,867 989,020
LIABILITIES
Non-current liabilities
Interest-bearing loans and borrowings 11 300,481 239,664 323,393
Provisions   18,467 18,739 17,875
Retirement benefit obligations 13 46,678 19,423 17,367
Derivative financial instruments 11 962 - 404
Deferred tax liabilities 17  36,284   29,222   32,670  
Total non-current liabilities   402,872   307,048 391,709  
Current liabilities
Interest-bearing loans and borrowings 11 1,029 1,478 1,326
Trade and other payables 10 575,152 507,047 465,914
Current income tax liabilities 17 25,280 18,427 19,640
Provisions   8,220   5,861 7,587 
Total current liabilities   609,681 532,813 494,467 
Total liabilities   1,012,553 839,861 886,176
Total equity and liabilities   2,027,871 1,778,728 1,875,196