Annual Report and Accounts 2010

Consolidated balance sheet

As at 31 December

	Note	2010 £000	2009 £000
Assets
Current assets:
Cash and cash equivalents	9, 18	29,363	34,489
Short-term deposits	18	247,466	105,524
Short-term marketable securities	13, 18	−	1,795
Embedded derivatives	18	2,303	2,480
Fair value of currency exchange contracts	18	−	457
Accounts receivable	10	105,668	65,247
Prepaid expenses and other assets	11	18,431	23,635
Current tax assets		3,646	350
Inventories: Finished goods	12	1,784	1,680
Total current assets		408,661	235,657
Non-current assets:
Available-for-sale financial assets	13, 18	20,329	9,432
Long-term deposits	18	15,000	−
Loans and receivables	18	1,934	−
Prepaid expenses and other assets	11	1,920	1,611
Property, plant and equipment	14	13,847	13,565
Goodwill	15	532,285	516,798
Other intangible assets	16	12,099	24,696
Deferred tax assets	6	78,587	42,724
Total non-current assets		676,001	608,826
Total assets		1,084,662	844,483
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable	18	4,305	2,280
Fair value of currency exchange contracts	18	201	−
Accrued and other liabilities	17	72,028	46,688
Current tax liabilities		20,216	16,536
Deferred revenue		72,049	39,562
Total current liabilities		168,799	105,066
Non-current liabilities:
Deferred revenue		20,657	−
Deferred tax liabilities	6	301	720
Total non-current liabilities		20,958	720
Total liabilities		189,757	105,786
Net assets		894,905	738,697
Capital and reserves attributable to equity holders of the Company
Share capital	19	672	672
Share premium account		351,578	351,578
Share option reserve		61,474	61,474
Retained earnings		381,379	241,950
Revaluation reserve		−	(155)
Cumulative translation adjustment		99,802	83,178
Total equity		894,905	738,697

The accompanying notes are an integral part of the financial statements. The financial statements on pages 74 to 119 were approved by the board of directors on 28 February 2011 and were signed on its behalf by:

Doug Dunn, Chairman