Group Balance Sheets

As at 31 March 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Shareholder equity
before fair value reserve
120.2 119.9 127.8 134.6 146.4 156.0 172.5 188.0 198.2 210.7
Fair value reserve 23.9 (1.5) 21.9 20.9 11.8 13.2 14.9 30.6 19.9 28.2
Shareholder equity 144.1 118.4 149.7 155.5 158.2 169.2 187.4 218.6 218.1 238.9
Non - controlling interests 25.7 22.6 23.5 24.0 23.5 35.2 34.8 37.8 40.6 43.1
  169.8 141.0 173.2 179.5 181.7 204.4 222.2 256.4 258.7 282.0
Property, plant
and equipment
75.3 68.2 68.0 66.8 67.8 73.8 59.5 67.5 69.9 70.8
Intangibles 21.4 19.9 19.1 18.9 17.9 18.2 16.4 20.0 20.5 22.6
Biological assets 1.3 1.4 0.5
Investments in associates and joint ventures 39.5 41.1 44.6 42.1 49.5 50.3 56.7 70.2 80.1 83.5
Financial assets 73.9 40.2 64.2 65.3 60.7 70.3 81.4 101.3 88.4 98.3
Investment properties 5.0 5.3 6.5 7.1 7.9 19.4 20.9 23.5 34.4 38.0
Properties under development 0.6 0.8 0.2 0.2 0.4 0.5 1.5 2.0 1.9 2.0
Deferred tax assets 1.8 2.0 1.8 1.7 1.5 1.4 1.4 1.4 1.4 1.4
Other non - current assets 9.4 9.5 10.2 11.3 10.7 12.4 10.9 13.0 13.1 12.8
Net current assets/ (liabilities) (3.1) 11.8 22.0 27.6 32.8 34.0 35.9 31.8 31.5 41.3
Current assets 68.6 60.9 70.2 84.5 86.2 95.2 95.3 105.6 104.7 117.7
Current liabilities (71.7) (49.1) (48.2) (56.9) (53.4) (61.2) (59.4) (73.8) (73.2) (76.4)
  223.8 198.8 236.6 241.0 249.2 280.3 284.6 332.0 342.6 371.2
Non - current liabilities (54.0) (57.8) (63.4) (61.5) (67.5) (75.9) (62.4) (75.6) (83.9) (89.2)
  169.8 141.0 173.2 179.5 181.7 204.4 222.2 256.4 258.7 282.0

Net debt
33.8 22.1 17.8 9.5 16.1 19.6 9.0 32.6 44.4 39.3