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Latest Results

Interim Results for the six months ended 3 March 2018

"Significant improvement in performance"

Carr's (CARR.L), the Agriculture and Engineering Group, announces its results for the six months ended 3 March 2018. 

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UNAUDITED CONSOLIDATED BALANCE SHEET
As at 3 March 2018

    As at
3 March
2018
As at
4 March
2017
As at
2 September
2017
  Notes £'000 £'000 £'000
Non-current assets        
Goodwill 10 24,228 16,870 24,241
Other intangible assets 10 2,048 469 2,266
Property, plant and equipment 10 36,775 37,135 37,149
Investment property 10 173 179 176
Investment in associates   12,209 9,570 11,443
Interest in joint ventures   7,359 6,768 6,590
Other investments   72 75 73
Financial assets        
- Non-current receivables   627 50 762
Retirement benefit asset 13 5,969 5,732 5,209
    89,460 76,848 87,909
         
Current assets        
Inventories   43,701 38,142 37,023
Trade and other receivables   69,967 66,326 59,723
Current tax assets   116 345 485
Financial assets        
- Derivative financial instruments   - - 13
- Cash and cash equivalents 11 33,835 21,176 23,887
    147,619 125,989 121,131
         
Total assets   237,079 202,837 209,040
         
Current liabilities        
Financial liabilities        
- Borrowings 11 (27,269) (19,579) (17,060)
- Derivative financial instruments   (127) (83) (18)
Trade and other payables   (67,349) (56,633) (56,008)
Current tax liabilities   (1,612) (1,789) (632)
    (96,357) (78,084) (73,718)
Non-current liabilities        
Financial liabilities        
- Borrowings 11 (22,661) (13,082) (20,966)
Deferred tax liabilities   (3,006) (3,102) (4,010)
Other non-current liabilities   (3,864) (4,414) (4,423)
    (29,531) (20,598) (29,399)
         
Total liabilities   (125,888) (98,682) (103,117)
         
Net assets   111,191 104,155 105,923
         
Shareholders' equity        
Share capital 14 2,285 2,285 2,285
Share premium 14 9,141 9,129 9,130
Equity compensation reserve   900 159 386
Foreign exchange reserve   2,781 4,344 4,674
Other reserve   204 207 205
Retained earnings   80,792 73,887 74,802
Total shareholders' equity   96,103 90,011 91,482
Non-controlling interests   15,088 14,144 14,441
Total equity   111,191 104,155 105,923

 

 



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