Page 50 - RFU Annual Report 2017

48
Financial Statements

Balance Sheets
at 30 June 2017
Group Group Parent Parent
2017 2016 2017 2016
Notes £m £m £m £m

Fixed assets
Intangible fixed assets 12 4.1 2.9 3.7 2.6
Tangible fixed assets 13 234.8 230.9 228.4 227.5
Loans to clubs 14 7.7 7.7 - -
Investments 15 9.0 8.4 98.0 98.2
Investment property 16 8.2 7.1 8.2 7.1

263.8 257.0 338.3 335.4

Current assets
Stock 17 0.9 1.1 0.4 0.8
Debtors and prepayments due within one year 18 49.1 20.6 50.5 15.4
Debtors and prepayments due after one year 18 0.2 0.2 0.2 0.2
Cash at bank and in hand 19 24.5 27.2 16.9 15.8
Deferred tax 11 7.0 4.9 6.4 4.4

81.7 54.0 74.4 36.6
Creditors
Amounts falling due within one year 20 (40.6) (39.6) (42.9) (57.0)

Net current assets/(liabilities) 41.1 14.4 31.5 (20.4)

Total assets less current liabilities 304.9 271.4 369.8 315.0

Creditors
Amounts falling due after one year 20 (86.7) (73.2) (86.0) (72.3)

Net assets excluding pension liability 218.2 198.2 283.8 242.7
Pension liability 27 (3.0) (5.1) (3.0) (5.1)

215.2 193.1 280.8 237.6

Debentures 23 213.0 184.8 213.0 184.8

Capital and reserves
Called up share capital 24 - - - -
Debentures reserve 26 38.1 38.1 38.1 38.1
Other reserve 26 (56.3) (55.4) - -
Profit and loss reserve 26 18.5 23.2 29.7 14.7

Total equity funds 0.3 5.9 67.8 52.8
Non-controlling interests 1.9 2.4 - -

Capital employed 215.2 193.1 280.8 237.6

The financial statements were approved by the Board of Directors on 29 November 2017 and signed on its behalf by:

Steve Brown John Spencer Andy Cosslett
Chief Executive Officer President Chairman of the Board of Directors

Annual Report 2017