Annual report and accounts 2008

Consolidated balance sheet

As at 31 December

Consolidated balance sheet
			Note	2008 £000	2007 £000
Assets
Current assets:
Financial assets:	Cash and cash equivalents		10, 19	76,502	49,509
	Short-term investments		14, 19	471	232
	Short-term marketable securities		14, 19	1,816	1,582
	Available-for-sale investments		14, 19	−	1,180
	Embedded derivatives		19	12,298	−
Accounts receivable			11	76,914	68,232
Prepaid expenses and other assets			12	23,134	13,089
Current tax assets				621	6,552
Inventories: Finished goods			13	1,972	2,339
Total current assets				193,728	142,715
Non-current assets:
Financial assets: Available-for-sale investments			14, 19	1,167	3,701
Prepaid expenses and other assets			12	2,102	2,860
Property, plant and equipment			15	14,197	9,336
Goodwill			16	567,844	420,835
Other intangible assets			17	45,082	44,264
Deferred tax assets			7	24,063	19,233
Total non-current assets				654,455	500,229
Total assets				848,183	642,944
Liabilities and shareholders’ equity
Current liabilities:
Financial liabilities:		Accounts payable	19	6,953	2,230
		Fair value of currency exchange contracts	19	18,457	496
		Embedded derivatives	19	−	220
Current tax liabilities				15,655	3,704
Accrued and other liabilities			18	35,646	27,954
Deferred revenue				29,906	27,543
Total current liabilities				106,617	62,147
Net current assets				87,111	80,568
Non-current liabilities:
Deferred tax liabilities			7	1,223	1,635
Total liabilities				107,840	63,782
Net assets				740,343	579,162
Capital and reserves attributable to equity holders of the Company
Share capital			20	672	672
Share premium account				351,578	351,578
Share option reserve				61,474	61,474
Retained earnings				182,008	185,125
Revaluation reserve				(285)	(214)
Cumulative translation adjustment				144,896	(19,473)
Total equity				740,343	579,162

The accompanying notes are an integral part of the financial statements. The financial statements on pages 44 to 87 were approved by the board of directors on 2 April 2009 and were signed on its behalf by:

Doug Dunn, Chairman

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