Consolidated balance sheet

as at 28 November 2010

Notes 28 November
2010
£’000
29 November
2009
£’000
Non-current assets
Intangible assets 10 8,069 6,684
Property, plant and equipment 11 100,031 90,252
Deferred tax asset 9 7,300 2,300
Available-for-sale financial asset 12 395 395
115,795 99,631
Current assets
Inventories 13 12,480 9,213
Trade and other receivables 14 18,569 14,740
Derivative financial instruments 22 472
Short-term investment 15 30,000
Cash and cash equivalents 16 124,639 13,017
186,160 36,970
Total assets 301,955 136,601
Current liabilities
Trade and other payables 17 (55,491) (47,237)
Borrowings 18 (2,282) (12,087)
Obligations under finance leases 18 (16,485) (19,669)
Provisions 21 (115)
(74,373) (78,993)
Net current assets/(liabilities) 111,787 (42,023)
Non-current liabilities
Borrowings 18 (9,774) (42,658)
Obligations under finance leases 18 (45,573) (45,651)
Derivative financial instruments 22 (1,083)
Provisions 21 (446) (366)
(55,793) (89,758)
Net assets/(liabilities) 171,789 (32,150)
Equity
Share capital 23 11,068 40
Share premium 23 206,094 310,836
Treasury shares reserve 23 (47,741)
Reverse acquisition reserve 23 (116,230)
Other reserves 23 726
Retained earnings/(accumulated deficit) 117,872 (343,026)
Surplus/(deficit) attributable to equity holders 171,789 (32,150)

The consolidated financial statements were authorised for issue by the Board of Directors and signed on its behalf by:


Tim Steiner
Chief Executive Officer

Andrew Bracey

Chief Financial Officer

Ocado Group plc
Company Registration Number 07098618 (England and Wales)

23 March 2011



Note:
A reverse acquisition took place on 9 February 2010. The financial information for the comparative period has been presented as if Ocado Group plc had been the parent company of the Group throughout (see Notes 2(a) and 2(b)).