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Annual Report & Accounts 2015 - REPORT OF THE GROUP FINANCE DIRECTOR
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a balance sheet prepared as an aggregation of the enlarged Group at 31 December 2015 is shown below: AGGReGAteD BALAnce sheet As at 31 December 2015 Bwin GVc Aggregated € millions (audited) (Unaudited) non-current assets intangible assets 512.3 155.1 667.4 property plant and equipment 48.6 1.4 50.0 available for sale financial assets 3.7 2.6 6.3 other investments 1.1 - 1.1 Deferred consideration receivable 6.4 - 6.4 Deferred tax 2.0 - 2.0 574.1 159.1 733.2 current assets *Cash, cash equivalents and short-term investments 166.4 28.2 194.6 *payment processor balances 30.9 21.7 52.6 Deferred consideration receivable 6.0 - 6.0 assets held for sale 14.5 3.8 18.3 income taxes receivable - 6.0 6.0 other receivables and prepayments 63.4 12.9 76.3 281.2 72.6 353.8 current liabilities *Customer liabilities (106.3) (14.8) (121.1) *progressive prize pools (8.6) - (8.6) accrued deal costs - - - trade and other payables (110.2) (32.0) (142.2) income and gaming taxes payable (34.7) (9.3) (44.0) hedging instrument liability - (9.9) (9.9) share option liability - (9.7) (9.7) *Loans and borrowings (6.8) (3.7) (10.5) provision for onerous contracts (8.1) - (8.1) Contingent consideration payable (0.8) (1.6) (2.4) (275.5) (81.0) (356.5) non-current liabilities Contingent consideration payable and similar (4.4) (0.7) (5.1) *Loans and borrowings (49.7) (19.8) (69.5) share option liability - (2.1) (2.1) Deferred tax (26.1) - (26.1) (80.2) (22.6) (102.8) total net current assets 5.7 (8.4) (2.7) total of net current assets less non-current liabilities (74.5) (31.0) (105.5) total net assets 499.6 128.1 627.7 *net cash/(net debt) 25.9 11.6 37.5 there are a number of liabilities which are split between current and non-current. the table below summarises these: As at 31 December 2015 Bwin GVc Aggregated € million (audited) (Unaudited) memorandum: total of deferred consideration payable (5.2) (2.3) (7.5) memorandum: total of loans and indebtedness (56.5) (23.5) (80.0) memorandum: share option liability discharged on acquisition - (11.8) (11.8) GVC HOLDINGS PLC ANNUAL REPORT 2015 BUsiness ReVieW 23