NoteAt 31 March 2017
£000
At 31 March 2016
£000
Assets
Non-current assets
Goodwill1154,71254,712
Other intangible assets121,5744,480
Property, plant and equipment1378,90977,362
Interests in JVs and associates1412,06811,611
Deferred tax asset191,0291,100
148,292149,265
Current assets
Inventories157,7505,294
Trade and other receivables — due after one year £1,775 (2016: £1,099)1766,39850,742
Derivative financial instruments20109
Cash and cash equivalents2032,84919,033
107,10675,069
Total assets255,398224,334
Liabilities
Current liabilities
Trade and other payables18(75,673)(55,311)
Financial liabilities — derivatives20(830)
Financial liabilities — finance leases20(180)(180)
Current tax liabilities(2,862)(1,911)
(78,715)(58,232)
Non-current liabilities
Retirement benefit obligations29(21,414)(14,602)
Financial liabilities — finance leases20(229)(409)
Deferred tax liabilities19(883)(2,885)
(22,526)(17,896)
Total liabilities(101,241)(76,128)
 
Net assets154,157148,206
Equity
Share capital227,4717,437
Share premium85,70285,702
Other reserves233,7102,300
Retained earnings57,27452,767
Total equity154,157148,206

The consolidated financial statements were approved by the board of directors on 14 June 2017 and signed on its behalf by:

John Dodds
Executive chairman

Alan Dunsmore
Acting chief executive officer