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