Our Locations Menu Morgan Advanced Materials Homepage Invest In Us Financial Highlights Balance Sheet: Half Year 2021 Balance Sheet: Half Year 2021 For half year ended 30 June 2021 At 30 June 2021 At 30 June 2020 restated 1,2 At 31 December 2020 Note £m £m £m Assets Property, plant and equipment 9 251.0 286.8 267.6 Right-of-use assets 33.2 41.0 35.5 Intangible assets 10 183.6 196.3 185.4 Investments - 6.7 7.2 Other receivables 2.8 2.8 4.0 Deferred tax assets 13.8 11.8 14.4 Total non-current assets 484.4 545.4 514.1 Inventories 128.7 149.8 122.4 Derivative financial assets 12 0.7 0.6 1.0 Trade and other receivables 161.2 176.3 143.6 Current tax receivable 0.5 1.8 1.6 Cash and cash equivalents 11 107.6 197.0 147.8 Total current assets 398.7 525.5 416.4 Total assets 883.1 1070.9 930.5 Liabilities Borrowings 172.7 188.9 177.5 Lease liabilities 41.1 51.5 43.1 Employee benefits: pensions 13 128.2 165.2 176.3 Provisions 14 11.7 9.6 8.5 Non-trade payables 3.6 2.5 4.9 Deferred tax liabilities 0.5 1.0 0.5 Total non-current liabilities 357.8 418.7 410.8 Borrowings and bank overdrafts 0.1 156.9 71.3 Lease liabilities 10.3 12.0 11.5 Trade and other payables 165.1 160.8 148.4 Current tax payable 24.0 31.6 20.4 Provisions 14 21.8 10.4 27.3 Derivative financial liabilities 12 0.4 1.4 0.8 Total current liabilities 221.7 373.1 279.7 Total liabilities 579.5 791.8 690.5 Total net assets 303.6 279.1 240.0 Equity Share capital 71.3 71.3 71.3 Share premium 111.7 111.7 111.7 Reserves 13.8 31.8 18.7 Retained earnings 67.0 24.8 0.6 Total equity attributable to shareholders of the Company 263.8 239.6 202.3 Non-controlling interests 39.8 39.5 37.7 Total equity 303.6 279.1 240.0 1. Comparative information has been restated to include the Group’s cumulative preference shares within borrowings. The cumulative preference shares were previously presented in equity, see note 1 for further details. 2. Cash and cash equivalents and borrowings have been restated to meet the presentational requirements of IAS 32 as further described in note 1. This has had no impact on net assets or net debt*. Keep up to date with Morgan's Regulatory News Sign up to email alerts As of 2021, Morgan received an MSCI ESG Rating of AAA. As of 2021, Morgan received an MSCI ESG Rating of AAA. Connect with us LinkedIn Facebook Twitter YouTube