"We are pleased with the Group’s first half trading performance which was better than we anticipated and provides a good platform for the full year.  Looking ahead, we expect to continue to benefit from both our strong market positions and exposure to multiple geographies and for the positive trends in the Irish and Netherlands businesses to continue in the second half.  Whilst we remain optimistic on the medium term outlook for the UK, we are cautious about the shorter term impact of current uncertainty and pressure on real incomes which may temper growth in spending on housing RMI." – Gavin Slark (11 July 2017)

Group Balance Sheet as at 31 December 2016

  Notes 31 Dec 2016
£’000
  31 Dec 2015
£’000
ASSETS
Non-current assets
Goodwill 15 566,237   521,521
Intangible assets 16 44,584   32,640
Property, plant and equipment 9 461,660   430,116
Investment properties 9 21,749   17,797
Deferred tax assets   15,718   17,905
Retirement benefit assets 13 796   744
Other financial assets   125     122  
Total non-current assets   1,110,869   1,020,845 
Current assets
Properties held for sale 9 8,407   10,805
Inventories 10 292,681   276,229
Trade and other receivables 10 397,689   355,752
Cash and cash equivalents 11 205,857   211,565  
Total current assets   904,634   854,351  
Total assets   2,015,503   1,875,196
EQUITY
Equity share capital   8,449   8,405
Share premium account   210,271   209,810
Capital redemption reserve   621   621
Revaluation reserve   13,507   13,674
Shares to be issued reserve   8,446   9,168
Cash flow hedge reserve   (531)   (354)
Foreign currency translation reserve   73,359   51,764
Retained earnings   751,842   696,479
Treasury shares held   (3,897)   (3,897)
Equity attributable to owners of the Parent   1,062,067   985,670
Non-controlling interests 8 3,122   3,350  
Total equity   1,065,189   989,020
LIABILITIES
Non-current liabilities
Interest-bearing loans and borrowings 11 300,426   323,393
Provisions   22,385   17,875
Retirement benefit obligations 13 32,081   17,367
Derivative financial instruments 11 675   404
Deferred tax liabilities 17 36,429   32,670  
Total non-current liabilities   391,996   391,709  
Current liabilities
Interest-bearing loans and borrowings 11 1,051   1,326
Trade and other payables 10 523,700   465,914
Current income tax liabilities 17 21,224   19,640
Provisions   12,343   7,587 
Total current liabilities   558,318   494,467 
Total liabilities   950,314   886,176
Total equity and liabilities   2,015,503   1,875,196