Renovo Group plc Annual report and accounts 2009

consolidated and company balance sheets

as at 30 September 2009

	Note	2009 £’000	2008 £’000	2009 £’000	2008 £’000
	Note	Group		Company
ASSETS
NON-CURRENT ASSETS
Investment in subsidiaries	9	—	—	46,885	46,400
Property, plant and equipment	10	3,187	3,631	—	—
		3,187	3,631	46,885	46,400
CURRENT ASSETS
Trade and other receivables	11	1,476	4,812	32,164	13,133
Research and development tax credits receivable	11	3,014	3,308	—	—
Investments	11	57,500	76,000	57,500	76,000
Cash and cash equivalents		7,750	6,621	7,338	5,853
		69,740	90,741	97,002	94,986
LIABILITIES
CURRENT LIABILITIES
Trade and other payables	12	(5,120)	(7,058)	(261)	(133)
Deferred grants	13	(250)	(214)	—	—
Gross amount due to customers for contract work	14	(3,433)	(3,845)	—	—
		(8,803)	(11,117)	(261)	(133)
NET CURRENT ASSETS		60,937	79,624	96,741	94,853
NON-CURRENT LIABILITIES
Deferred grants	13	(936)	(1,195)	—	—
Gross amount due to customers for contract work	14	(23,355)	(25,596)	—	—
NET ASSETS		39,833	56,464	143,626	141,253
EQUITY
CAPITAL AND RESERVES ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT
Share capital	15	19,056	19,037	19,056	19,037
Share premium account	16	79,134	79,134	79,134	79,134
Own shares	17	(149)	(157)	(149)	(157)
Merger reserve	18	—	—	34,398	34,398
Share-based payment reserve	19	3,730	3,245	3,730	3,245
Other reserve	20	22,666	22,666	—	—
Retained earnings	21	(84,604)	(67,461)	7,457	5,596
TOTAL EQUITY		39,833	56,464	143,626	141,253

The financial statements of Renovo Group plc, registered number 05427608, were approved by the Board of Directors and authorised for issue on 15 December 2009.

MR DAVID BLAIN

CHIEF FINANCIAL OFFICER
AND COMPANY SECRETARY