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Latest Results

Interim Results
for the six months ended 4 March 2017


"A robust half year performance, medium term outlook remains positive"

Carr's (CARR.L), the Agriculture and Engineering Group, announces its results for the six months ended 4 March 2017.

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The full results are available to download in PDF format

UNAUDITED CONSOLIDATED BALANCE SHEET
As at 4 March 2017

      (Restated)1  
    As at
4 March
2017
As at
27 February
2016
As at
3 September
2016
  Notes £'000  £'000 £'000
Non-current assets        
Goodwill 10 16,870 10,931 11,440
Other intangible assets 10 469 413 286
Property, plant and equipment 10 37,135 60,391 35,811
Investment property 10 179 626 182
Investment in associate   9,570 9,196 8,667
Interest in joint ventures   6,768 6,082 6,257
Other investments   75 72 72
Financial assets        
- Non-current receivables   50 150 50
Retirement benefit asset 13 5,732 3,927 311
Deferred tax assets   - 29 -
    76,848 91,817 63,076
         
Current assets        
Inventories   38,142 39,113 33,423
Trade and other receivables   66,326 70,736 56,940
Current tax assets   345 401 303
Financial assets        
- Derivative financial instruments   - 2 -
- Cash and cash equivalents 11 21,176 13,272 48,411
    125,989 123,524 139,077
         
Total assets   202,837 215,341 202,153
         
Current liabilities        
Financial liabilities        
- Borrowings 11 (19,579) (14,839) (21,642)
- Derivative financial instruments   (83) (132) (20)
Trade and other payables   (56,633) (57,302) (46,823)
Current tax liabilities   (1,789) (980) (470)
    (78,084) (73,253) (68,955)
Non-current liabilities        
Financial liabilities        
- Borrowings 11 (13,082) (25,447) (18,625)
Deferred tax liabilities   (3,102) (4,173) (1,817)
Other non-current liabilities   (4,414) (4,226) (2,668)
    (20,598) (33,846) (23,110)
         
Total liabilities   (98,682) (107,099) (92,065)
         
Net assets   104,155 108,242 110,088
         
Shareholders' equity        
Share capital 14 2,285 2,246 2,280
Share premium 14 9,129 8,657 9,111
Treasury share reserve   - - (8)
Equity compensation reserve   159 1,351 706
Foreign exchange reserve   4,344 1,504 2,895
Other reserve   207 856 207
Retained earnings   73,887 80,946 81,540
Total shareholders' equity   90,011 95,560 96,731
Non-controlling interests   14,144 12,682 13,357
Total equity   104,155 108,242 110,088

1 restated by £4,553,000 for the grossing up of cash and cash equivalents and bank overdrafts for accounts with right of offset within the same banking facility (see note 3)

 



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