Pdf
Restated*
Group
Company
Note2015
£m
2014
£m
2015
£m
2014
£m
ASSETS
Non-current assets
Property, plant and equipment109,716.39,318.5
Intangible assets11144.9110.2
Interests in joint ventures1231.735.6
Investments138.66.96,326.85,600.0
Trade and other receivables152.52.4
Retirement benefit surplus1879.2
Derivative financial instrumentsA3681.6456.0
10,664.89,929.66,326.85,600.0
Current assets
Inventories1440.539.8
Trade and other receivables15353.3330.461.256.3
Cash and short-term deposits16244.0115.8
Derivative financial instrumentsA31.056.9
638.8542.961.256.3
Total assets11,303.610,472.56,388.05,656.3
LIABILITIES
Non-current liabilities
Trade and other payables21(480.0)(451.0)
Borrowings17(6,067.3)(5,929.2)(1,609.4)
Retirement benefit obligations18(177.4)
Deferred tax liabilities19(1,123.8)(1,050.4)
Derivative financial instrumentsA3(196.6)(52.3)
(7,867.7)(7,660.3)(1,609.4)
Current liabilities
Trade and other payables21(381.2)(382.1)(10.8)(10.1)
Borrowings17(578.1)(112.3)(0.4)(1,584.3)
Current tax liabilities(21.1)(34.8)
Provisions20(12.5)(16.3)
Derivative financial instrumentsA3(8.6)(50.8)
(1,001.5)(596.3)(11.2)(1,594.4)
Total liabilities(8,869.2)(8,256.6)(1,620.6)(1,594.4)
Total net assets2,434.42,215.94,767.44,061.9
EQUITY
Capital and reserves attributable to equity holders of the company
Share capital22499.8499.8499.8499.8
Share premium account2.92.92.92.9
Other reserve158.8
Cumulative exchange reserve(8.7)(5.6)
Capital redemption reserve1,033.31,033.3
Merger reserve329.7329.7
Retained earnings1,610.71,230.33,231.42,525.9
Shareholders' equity2,434.42,215.94,767.44,061.9

* The comparatives have been restated to reflect the requirements of IFRS 11 'Joint Arrangements'. See accounting policies for details.

These financial statements for the group and United Utilities Group PLC (company number: 6559020) were approved by the board of directors on 20 May 2015 and signed on its behalf by:

Steve Mogford
Chief Executive Officer

Russ Houlden
Chief Financial Officer