Balance sheet

at 31 March 2011

  Group   Company  
  Note 2011
£m		   2010
£m		 2011
£m		   2010
£m
Assets
Goodwill
 10 49.6   49.6 2.0   2.0
Intangible assets
 11 30.9   41.6 –   –
Property, plant and equipment
 12 2.9   3.0 –   –
Investments in subsidiary undertakings
 13 –   – 125.6   125.6
Trade investments
 16 –   0.4 –   0.1
Other receivables
 14 0.4   0.4 –   –
Non-current assets
   83.8   95.0 127.6   127.7
Inventories
 15 0.2   – –   –
Trade and other receivables
 16 9.2   14.3 0.1   –
Amounts due from subsidiary undertakings
 17 –   – 86.1   84.1
Cash and cash equivalents
 20 74.4   64.1 –   –
Current assets
   83.8   78.4 86.2   84.1
Total assets
   167.6   173.4 213.8   211.8
Liabilities
Trade and other payables
 19 (18.7)   (19.5) –   –
Deferred income
 18 (5.5)   (2.7) –   –
Current liabilities
   (24.2)   (22.2) –   –
Amounts owed to subsidiary undertakings
 17 –   – (18.5)   (18.5)
Deferred tax liabilities
 8 (3.1)   (4.1) –   –
Non-current liabilities
   (3.1)   (4.1) (18.5)   (18.5)
Total liabilities
   (27.3)   (26.3) (18.5)   (18.5)
Net assets
   140.3   147.1 195.3   193.3
Equity
Share capital
 21a 0.1   0.1 0.1   0.1
Share premium
 21b 78.3   78.1 78.3   78.1
Special reserve
 21c 8.2   8.2 8.2   8.2
Other reserve
 21d 124.9   124.9 123.7   123.7
Share-based compensation reserve
 21e 10.9   9.1 10.9   9.1
Retained loss
   (82.1)   (73.3) (25.9)   (25.9)
Total equity
   140.3   147.1 195.3   193.3

The financial statements of Vectura Group plc, registered number 3418970, were approved and authorised for issue by the Board of Directors on 22 May 2011 and were signed on its behalf by:

Dr C P Blackwell A P Hyland
Director Director