17th Sep 2007 11:13
Next PLC17 September 2007 NEXT PLC Amendment to the Interim Unaudited Consolidated Balance Sheet The unaudited consolidated balance sheet at July 2007 included in Next's RNSannouncement on 11 September 2007 has been amended. In order to show aconsistent presentation with the Group's July 2006 balance sheet, liabilitiestotalling £93.4 million in respect of share buybacks to be made under itsirrevocable close season arrangement and its contingent purchase contracts havebeen transferred from trade and other payables to other financial liabilitiesdue within one year. There is no change in shareholders' total equity as a result of this amended presentation. The revised balance sheet is as follows: UNAUDITED CONSOLIDATED BALANCE SHEET July July January 2007 2006 2007 £m £m £mASSETS AND LIABILITIESNon-current assetsProperty, plant & equipment 581.3 533.4 544.4Intangible assets 36.2 36.2 36.2Interests in associates 2.2 2.2 2.2Other investments 1.0 1.0 1.0Other financial assets 1.7 1.4 2.2Deferred tax assets - 8.5 2.6 _________ _________ _________ 622.4 582.7 588.6Current assetsInventories 307.8 338.9 281.8Trade and other receivables 558.0 516.9 577.7Other financial assets 1.5 0.8 1.2Cash and short term deposits 70.1 86.9 121.7 _________ _________ _________ 937.4 943.5 982.4 _________ _________ _________Total assets 1,559.8 1,526.2 1,571.0 _________ _________ _________Current liabilitiesBank overdrafts (15.3) (35.5) (12.5)Unsecured bank loans (120.0) (410.2) (0.1)Trade and other payables (687.8) (561.4) (621.1)Other financial liabilities (103.1) (133.4) (23.6)Current tax liability (85.8) (49.5) (81.2) _________ _________ _________ (1,012.0) (1,190.0) (738.5)Non-current liabilitiesCorporate bonds (532.3) (299.0) (531.2)Net retirement benefit obligation (28.1) (84.9) (47.0)Provisions (9.5) (9.7) (9.5)Other financial liabilities (18.0) (3.7) (19.2)Deferred tax liabilities (10.0) - -Other liabilities (36.9) (34.0) (36.3) _________ ________ _________ (634.8) (431.3) (643.2) _________ ________ _________Total liabilities (1,646.8) (1,621.3) (1,381.7) _________ _________ _________Net (liabilities)/assets (87.0) (95.1) 189.3 _________ _________ _________EQUITY Share capital 21.3 22.9 22.7Share premium account 0.7 0.7 0.7Capital redemption reserve 8.6 7.0 7.2ESOT reserve (62.1) (91.5) 76.9)Fair value reserve (7.8) (18.7) 19.9)Foreign currency translation 1.6 0.5 2.0Other reserves (1,443.8) (1,441.8) (1,443.7)Retained earnings 1,394.5 1,425.8 1,697.2 _________ _________ _________Total equity (87.0) (95.1) 189.3 _________ _________ _________ Andrew McKinlay, Company SecretaryNext plc0844 844 8888 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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