| | 2007 | 2006 | | | £’000 | £’000 | | Non-current assets | | | | Goodwill | 52,168 | 49,053 | | Other intangible assets | 5,472 | 5,105 | | Property, plant and equipment | 22,160 | 22,987 | | Available for sale investments | 1,674 | 1,690 | | Investment in associate | 22 | 20 | | Deferred tax assets | 3,758 | 3,461 | | | 85,254 | 82,316 | | | | | | Current assets | | | | Inventories | 27,088 | 24,907 | | Trade and other receivables | 43,800 | 43,286 | | Cash and cash equivalents | 33,878 | 28,094 | | Financial instruments | 273 | 736 | | | 105,039 | 97,023 | | | | | | Current liabilities | | | | Bank loans and overdrafts | (1,305) | (2,845) | | Trade and other payables | (46,576) | (48,052) | | Financial instruments | (247) | (3) | | | (48,128) | (50,900) | | Net current assets | 56,911 | 46,123 | | | | | | Non-current liabilities | | | | Deferred tax liabilities | (2,676) | (3,036) | | Other payables | (12,418) | (12,337) | | | (15,094) | (15,373) | | Net assets | 127,071 | 113,066 | | | | | | Equity share capital | 5,580 | 5,554 | | Reserves | | | Own shares
| (1,854) | (2,128) | | Share premium account | 30,284 | 29,424 | | Capital redemption reserve | 728 | 728 | | Revaluation reserve | 931 | 944 | | Taxation reserve | 681 | 326 | | Exchange reserve | (1,416) | (692) | | Retained earnings | 92,048 | 78,861 | | Total reserves | 121,402 | 107,463 | | Equity distributable to shareholders of the Company | 126,982 | 113,017 | | Minority interest in equity | 89 | 49 | Total equity | 127,071 | 113,066 | |