PA Group Annual Report 2007
GROUP BALANCE SHEET
as at 31 December
Notes 2007 2007 2006 2006
£000 £000 £000 £000
Fixed assets
Intangible assets 10 24,000 25,674
Tangible assets 11 25,338 24,150
Investments
Share of joint ventures’ gross assets 5,243 4,996
Share of joint ventures’ gross liabilities (2,178) (2,319)
Investment in joint ventures 3,065 2,677
Investment in associate 2,037 2,131
12 5,102 4,808
Loan to joint venture 12 - 50
5,102 4,858
54,440 54,682
Current assets
Stocks 12 51
Debtors 14 13,673 12,639
Short term deposits 202 950
Cash 1,292 339
15,179 13,979
Creditors: amounts falling due within one year 15 (19,614) (16,387)
Net current liabilities (4,435) (2,408)

Total assets less current liabilities 50,005 52,274

Creditors: amounts falling due after more than one year 16 (5,557) (4,830)
Provisions for liabilities and charges 20 (3,757) (3,711)
Net assets excluding pension asset 40,691 43,733
Pension asset 28 4,011 490
Net assets including pension asset 44,702 44,223

Capital and reserves
Called up equity share capital 21 7,965 7,965
Profit and loss account 22 36,458 36,058
Total shareholders’ funds 23 44,423 44,023
Equity minority interest 279 200
Capital employed 44,702 44,223
These financial statements were approved by the board on 25 April 2008.
Sir Harry Roche
Director
16
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