Redrow Financial Report - Annual Report 2020

		Group		Company
	Note	As at 28 June 2020 £m	As at 30 June 2019 £m	As at 28 June 2020 £m	As at 30 June 2019 £m
Assets
Intangible assets	8	2	2	-	-
Property, plant and equipment	9	19	16	-	-
Lease right of use assets	10	7	-	-	-
Investments	11	9	6	-	-
Deferred tax assets	12	1	4	-	-
Retirement benefit surplus	7e	22	18	22	18
Trade and other receivables	13	-	9	774	-
Total non-current assets		60	55	796	18
Inventories	14	2,585	2,404	-	-
Trade and other receivables	13	38	48	300	890
Current corporation tax		7	-	1	1
Cash and cash equivalents	15f	44	204	41	212
Total current assets		2,674	2,656	342	1,103
Total assets		2,734	2,711	1,138	1,121
Equity
Retained earnings at 1 July 2019/2 July 2018		1,481	1,379	908	646
Profit for the year		113	329	2	486
Other comprehensive income/(expense) for the year		1	(6)	1	(6)
Dividend paid	5	(72)	(218)	(72)	(218)
Movement in LTIP/SAYE		(1)	(3)	-	-
Retained earnings at 28 June 2020/30 June 2019	19	1,522	1,481	839	908
Share capital	18	37	37	37	37
Share premium account	19	59	59	59	59
Other reserves	19	8	8	7	7
Total equity		1,626	1,585	942	1,011
Liabilities
Bank loans	15	170	80	170	80
Trade and other payables	16	120	167	-	-
Deferred tax liabilities	12	5	4	-	-
Long-term provisions	17	8	8	-	-
Total non-current liabilities		303	259	170	80
Trade and other payables	16	805	833	26	30
Current income tax liabilities		-	34	-	-
Total current liabilities		805	867	26	30
Total liabilities		1,108	1,126	196	110
Total equity and liabilities		2,734	2,711	1,138	1,121

The financial statements on pages 126 to 161 were approved by the Board of Directors on 15 September 2020 and were signed on its behalf by:

JOHN TUTTE BARBARA RICHMOND

Director Director

Redrow plc Registered Number 2877315

Annual Report 2020