Consolidated Balance Sheet

at 31 December

        2007   2006
            as restated1
    Notes   €m   €m
Goodwill   10   0.3   7.9
Other intangible assets   11   11.9   7.9
Property, plant and equipment:            
– vehicles   12   448.7   509.4
– other property, plant and equipment   13   78.0   85.3
Investments accounted for using the equity method   14   10.8   10.2
Other financial assets:            
– available for sale investments   15   0.6   0.7
– derivative financial instruments   26   10.2   6.8
Deferred tax assets   16   49.5   70.5
Non-current assets       610   698.7
Non-current assets held for sale   17   7.1   8.4
Inventories   18   7.7   7.4
Trade and other receivables   19   1,391.8   1,358.6
Current tax assets       3.0   6.0
Other financial assets:            
– held for trading   19   5.4   22.6
– derivative financial instruments   26   3.8   4.5
Cash and short-term deposits   20   60.9   116.6
Current assets       1,472.6   1,515.7
Total assets       2,089.7   2,222.8
Trade and other payables   21   670.3   672.6
Current tax liabilities       33.3   29.3
Obligations under finance leases   24   273.0   290.1
Other financial liabilities:            
– borrowings   25a)   31.0   231.7
– deferred consideration   25c)   0.3   0.3
– derivative financial instruments   10   1.9   31.3
Provisions   22   45.1   43.1
Current liabilities       1,054.9   1,298.4
Deferred tax liabilities   16   34.9   59.5
Provisions   22   22.3   21.5
Retirement benefit obligations   23   97.5   122.0
Obligations under finance leases   24   0.7   2.0
Other financial liabilities:            
– borrowings   25a)   699.2   559.2
– deferred consideration   25c)   30.3   32.7
– derivative financial instruments   26   52.9   42.3
Non-current liabilities       937.8   839.2
Total liabilities       1,992.7   2,137.6
Net assets       97.0   85.2
Equity            
Called-up share capital   29   13.1   13.1
Share premium   30   381.5   381.5
Own shares held   30   (3.3)   (0.7)
Retained deficit   32   (280.2)   (295.1)
Other reserves   34   (14.9)   (14.5)
Shareholders’ equity   35   96.2   84.3
Minority interest   36   0.8   0.9
Total equity       97.0   85.2

The accompanying Notes form an integral part of these Consolidated Financial Statements.

The Consolidated Financial Statements, including accompanying Notes, were approved by the Board on 27 February 2008 and were signed on its behalf by:

W A Cathcart M R Smith
Chairman Finance Director