Note2017
£000
2016
£000
Non-current assets
Investmentsiv447,489413,199
Intangible assetsv7,7155,726
Tangible assetsvi122197
455,326419,122
Current assets
Trade and other receivables (includes amounts falling due after more than one year of £1,362,000 (2016: £1,351,000))vii15,12918,617
Cash at bank and in hand
15,12918,617
Borrowingsix(11,334)(32,133)
Trade and other payablesviii(66,073)(34,745)
Net current liabilities(62,278)(48,261)
Total assets less current liabilities393,048370,861
Non-current liabilities
Borrowingsix(151,793)(128,163)
Net assets241,255242,698
Equity
Called up share capitalxi932927
Share premium account173,376172,451
Foreign currency translation reserve545545
Hedging reserve(15)
At 1 July68,79086,768
Profit/(loss) for the year attributable to the owners11,829(5,772)
Other changes in retained earnings(14,217)(12,206)
Retained earnings66,40268,790
Total equity shareholders' funds241,255242,698

The financial statements were approved by the Board of Directors on 4 September 2017 and are signed on its behalf by:

Ian Page
Chief Executive Officer
4 September 2017

Richard Cotton
Chief Financial Officer
4 September 2017

Company number: 03369634