Redrow Financial Report - Annual Report 2018

		Group		Company
	Note	2018 £m	2017 £m	2018 £m	2017 £m
Assets
Intangible assets	8	2	2	-	-
Property, plant and equipment	9	15	16	-	-
Investments	10	6	27	-	-
Deferred tax assets	11	4	5	-	3
Retirement benefit surplus	7e	22	-	22	-
Trade and other receivables	12	8	11	-	-
Total non-current assets		57	61	22	3
Inventories	13	2,218	2,043	-	-
Trade and other receivables	12	42	35	675	945
Cash and cash equivalents	14f	90	62	89	61
Total current assets		2,350	2,140	764	1,006
Total assets		2,407	2,201	786	1,009
Equity
Retained earnings at 1 July 2017	18	1,131	937	701	701
Profit for the year	17	308	253	1	51
Other comprehensive income/(expense) for the year	18	18	(7)	18	(7)
Dividends paid	18	(74)	(44)	(74)	(44)
Movement in LTIP/SAYE		(4)	(8)	-	-
Retained earnings		1,379	1,131	646	701
Share capital		37	37	37	37
Share premium account		59	59	59	59
Other reserves		8	8	7	7
Total equity		1,483	1,235	749	804
Liabilities
Bank loans	14	5	90	5	90
Trade and other payables	15	178	197	-	-
Deferred tax liabilities	11	5	3	-	-
Retirement benefit obligations	7e	-	2	-	2
Long-term provisions	16	9	8	-	-
Total non-current liabilities		197	300	5	92
Bank overdrafts and loans	14b	22	45	-	83
Trade and other payables	15	671	585	30	27
Current income tax liabilities		34	36	2	3
Total current liabilities		727	666	32	113
Total liabilities		924	966	37	205
Total equity and liabilities		2,407	2,201	786	1,009

The financial statements on pages 110 to 142 were approved by the Board of Directors on 3 September 2018 and were signed on its behalf by:

JOHN TUTTE BARBARA RICHMOND

Director Director

Redrow plc Registered Number 2877315

As at 30 June