GroupCompany
Note2014
£m
2013
£m
2014
£m
2013
£m
ASSETS
Non-current assets
Property, plant and equipment119,361.78,990.7
Goodwill124.95.0
Other intangible assets13115.299.9
Investments146.95.75,600.05,600.0
Trade and other receivables161.32.2
Retirement benefit surplus1915.1
Derivative financial instrumentsA1456.0659.2
9,946.09,777.85,600.05,600.0
Current assets
Inventories1542.539.6
Trade and other receivables16335.5326.956.341.4
Cash and short-term deposits17127.2201.70.6
Derivative financial instrumentsA156.962.0
562.1630.256.342.0
Total assets10,508.110,408.05,656.35,642.0
LIABILITIES
Non-current liabilities
Trade and other payables22(452.2)(419.8)
Borrowings18(5,956.4)(6,007.4)
Retirement benefit obligations19(177.4)
Deferred tax liabilities20(1,050.4)(1,219.0)
Provisions21(3.4)
Derivative financial instrumentsA1(52.3)(196.2)
(7,688.7)(7,845.8)
Current liabilities
Trade and other payables22(388.1)(440.1)(10.1)(10.9)
Borrowings18(112.9)(166.1)(1,584.3)(1,558.2)
Current tax liabilities(35.4)(71.5)
Provisions21(16.3)(8.8)
Derivative financial instrumentsA1(50.8)(3.8)
(603.5)(690.3)(1,594.4)(1,569.1)
Total liabilities(8,292.2)(8,536.1)(1,594.4)(1,569.1)
Total net assets2,215.91,871.94,061.94,072.9
EQUITY
Capital and reserves attributable to equity holders of the company
Share capital23, 24499.8499.8499.8499.8
Share premium account232.92.92.92.9
Revaluation reserve23158.8158.8
Cumulative exchange reserve23(5.6)(4.4)
Capital redemption reserve231,033.31,033.3
Merger reserve23329.7329.7
Retained earnings231,230.3885.12,525.92,536.9
Shareholders' equity2,215.91,871.94,061.94,072.9

These financial statements for the group and United Utilities Group PLC (company number: 6559020) were approved by the board of directors on 21 May 2014 and signed on its behalf by:

 

Steve Mogford
Chief Executive Officer

Russ Houlden
Chief Financial Officer