Redrow Financial Report - Annual Report 2019

		Group		Company
	Note	2019 £m	2018 £m	2019 £m	2018 £m
Assets
Intangible assets	8	2	2	-	-
Property, plant and equipment	9	16	15	-	-
Investments	10	6	6	-	-
Deferred tax assets	11	4	4	-	-
Retirement benefit surplus	7e	18	22	18	22
Trade and other receivables	12	9	8	-	-
Total non-current assets		55	57	18	22
Inventories	13	2,297	2,218	-	-
Trade and other receivables	12	48	42	890	675
Current corporation tax		-	-	1	-
Cash and cash equivalents	14f	204	68	212	89
Total current assets		2,549	2,328	1,103	764
Total assets		2,604	2,385	1,121	786
Equity
Retained earnings at 1 July 2018/2017		1,379	1,131	646	701
Profit for the year		329	308	486	1
Other comprehensive (expense)/income for the year		(6)	18	(6)	18
Dividend paid	5	(218)	(74)	(218)	(74)
Movement in LTIP/SAYE		(3)	(4)	-	-
Retained earnings at 30 June 2019/2018	18	1,481	1,379	908	646
Share capital	17	37	37	37	37
Share premium account	18	59	59	59	59
Other reserves	18	8	8	7	7
Total equity		1,585	1,483	1,011	749
Liabilities
Bank loans	14	80	5	80	5
Trade and other payables	15	167	178	-	-
Deferred tax liabilities	11	4	5	-	-
Long-term provisions	16	8	9	-	-
Total non-current liabilities		259	197	80	5
Trade and other payables	15	726	671	30	30
Current income tax liabilities		34	34	-	2
Total current liabilities		760	705	30	32
Total liabilities		1,019	902	110	37
Total equity and liabilities		2,604	2,385	1,121	786

The financial statements on pages 94 to 126 were approved by the Board of Directors on 4 September 2019 and were signed on its behalf by:

JOHN TUTTE BARBARA RICHMOND

Director Director

Redrow plc Registered Number 2877315

Annual Report 2019