NoteAt 31 March
2018
£000
At 31 March
2017
£000
Assets
Non-current assets
Goodwill1154,71254,712
Other intangible assets121031,574
Property, plant and equipment1381,23978,909
Interests in JVs and associates1418,45612,068
Deferred tax asset191,029
154,510148,292
Current assets
Inventories159,6467,750
Trade and other receivables — due after one year £1,768 (2017: £1,775)1756,27066,398
Derivative financial instruments20167109
Cash and cash equivalents2033,11432,849
99,197107,106
Total assets253,707255,398
Liabilities
Current liabilities
Trade and other payables18(64,225)(75,673)
Financial liabilities — finance leases20(180)(180)
Current tax liabilities(1,645)(2,862)
(66,050)(78,715)
Non-current liabilities
Retirement benefit obligations28(17,248)(21,414)
Financial liabilities — finance leases20(49)(229)
Deferred tax liabilities19(1,363)(883)
(18,660)(22,526)
Total liabilities(84,710)(101,241)
 
Net assets168,997154,157
Equity
Share capital227,4927,471
Share premium85,70285,702
Other reserves234,7493,710
Retained earnings71,05457,274
Total equity168,997154,157

The consolidated financial statements were approved by the board of directors on 20 June 2018 and signed on its behalf by:

Alan Dunsmore
Chief executive officer

Adam Semple
Group finance director