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Consolidated balance sheet as at October 31st 2007

 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 56,91146,123 
   
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 capital5,580 5,554 
Reserves  
Own shares  
(1,854)(2,128)
Share premium account 30,284 29,424 
Capital redemption reserve  728728
Revaluation reserve  931944
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