£'000 | Note | 2018 | 2017 |
ASSETS | | | |
Current assets | | | |
Cash and cash equivalents | 4 | 4,865 | 4,633 |
Trade and other receivables | 5 | 16,719 | 9,181 |
Other current assets | 6 | 660 | 1,092 |
Derivative financial instruments | 7 | 42 | 154 |
Inventories | 8 | 12,327 | 10,434 |
Corporation tax recoverable | 14 | – | 1,291 |
Total current assets | | 34,613 | 26,785 |
Non-current assets | | | |
Investments in subsidiaries | 3 | 29,786 | 29,786 |
Property, plant and equipment | 9 | 1,821 | 2,299 |
Intangible assets | 10 | 12,220 | 7,564 |
Long-term receivable | 13 | 28,171 | 18,495 |
Total non-current assets | | 71,998 | 58,144 |
Total assets | | 106,611 | 84,929 |
LIABILITIES | | | |
Current liabilities | | | |
Trade and other payables | 12 | 34,190 | 21,210 |
Current income tax liabilities | 14 | 3,784 | 3,146 |
Derivative financial instruments | 7 | 229 | 248 |
Total current liabilities | | 38,203 | 24,604 |
Non-current liability | | | |
Deferred income tax liabilities | 11 | 1,738 | 1,419 |
Total non-current liability | | 1,738 | 1,419 |
Total liabilities | | 39,941 | 26,023 |
NET ASSETS | | 66,670 | 58,906 |
EQUITY | | | |
Share capital | 15 | 29,786 | 29,786 |
Share option reserve | 15 | 179 | 5 |
Hedging reserve | 15 | 42 | (239) |
Translation reserve | 15 | 5,337 | 3,364 |
Retained earnings | 15 | 31,326 | 25,990 |
TOTAL EQUITY | | 66,670 | 58,906 |