Page 198 - Sigmaroc Annual-Report 2023

SIGMAROC ANNUAL REPORT 2023 FINANCIAL REPORT
Statements of financial position
AS AT 31 DECEMBER 2023
COMPANY NUMBER: 05204176
Consolidated Company
Non-current assets
Property, plant and equipment
Note
31 December 2023 £’000
31 December 2022 (Restated)* £’000
554,460
31 December 2023 £’000
166
31 December 2022 £’000
16
572,562
257
Intangible assets
Available for sale assets
17
188,048
169,110
-
250
-
-
250
-
Investments in subsidiary undertakings
Investment in equity-accounted associate
18
605
-
576
-
567,305
583,421
19
-
-
Investment in joint ventures
19
6,448
5,942
412
-
Derivative financial asset
Other receivables
33
1,369
4,771
4,259
-
-
20
3,398
-
-
Deferred tax asset
14
38
4,426
-
-
Current assets
Trade and other receivables
20
772,718
99,034
743,544
86,805
568,133
583,678
5,332
3,168
Inventories
21
84,309
67,780
-
-
Cash and cash equivalents
22
55,872
68,623
233,891
7,925
5,055
Derivative financial asset
33
3,328
10,683
-
-
242,543
13,257
8,223
Total assets
1,015,261
977,435
581,390
591,901
Current liabilities
Trade and other payables
23
158,199
140,443
34,082
13,527
Derivative financial liabilities
33
3,926
6,693
1,253
-
Provisions
25
8,489
6,596
-
-
Borrowings
24
37,504
33,846
29,543
20,072
Current tax payable
Non-current liabilities
3,844
1,251
188,829
64,878
-
33,598
-
211,962
Borrowings
Employee benefit liabilities
Derivative financial liabilities
Provisions
24
200,792
1,305
228,630
174,090
206,369
1,312
552
-
-
-
Deferred tax liabilities
14
72,219
79,111
-
-
1,167
-
25
4,724
4,100
-
-
Other payables
23
8,208
5,051
5,260
5,051
Total liabilities
Share option reserve
Equity attributable to owners of the parent
Non-controlling interest
288,415
500,377
318,756
507,585
7,483
179,350
244,228
211,420
245,018
Net assets
Equity attributable to owners of the parent
514,884
469,850
337,162
346,882
Share capital
28
6,939
6,383
6,939
6,383
Share premium
28
-
400,022
-
400,022
29
11,482
11,482
7,483
Other reserves
Retained earnings
30
629
10,261
458,118
337, 162
600
1,362
481,691
33,969
318,141
(68,368)
500,741
346,882
31
14,143
11,732
-
-
Total equity
514,884
469,850
337,162
346,882
* Restated for review of prior year acquisition accounting during the IFRS 3 hindsight period. Refer to note 17 for further information. The Company has elected to take the exemption under Section 408 of the Companies Act 2006 from presenting the Company’s Income Statement and Statement of Comprehensive Income.
The loss for the Company for the year ended 31 December 2023 was £42.9 million (year ended 31 December 2022: loss of £24.4 million). The Financial Statements were approved and authorised for issue by the Board of Directors on 17 March 2024 were signed on its behalf by: Garth Palmer Chief Financial Officer
The Notes on pages 203-254 form part of these Financial Statements.