Just Annual Report and Accounts 2020

155

FINANCIAL STATEMENTS

STATEMENT OF FINANCIAL POSITION OF THE COMPANY AS AT 31 DECEMBER 2020

2020 £m

2019 £m

Company number: 08568957

Note

Assets Non-current assets Investments in Group undertakings

1,024.7 1,000.0 2,024.7

2 3

942.5 825.0

Loans to Group undertakings

1,767.5

Current assets Financial investments

45.0

4

101.8

0.6

Prepayments and accrued income Amounts due fromGroup undertakings

1.1

15.7 10.4 71.7

24.2

Cash and cash equivalents

4.4

131.5

Total assets Equity Share capital Share premium Merger reserve

2,096.4

1,899.0

103.8

5 5

103.5

93.3

93.3

487.5

501.2

(5.4)

Shares held by trusts Accumulated profit

(6.0)

327.8

247.1 939.1

Total equity attributable to ordinary shareholders of Just Group plc

1,007.0

Tier 1 notes Total equity

294.0

294.0

1,301.0

1,233.1

Liabilities Non-current liabilities Subordinated debt

777.5 777.5

6

602.3 602.3

Current liabilities Financial liabilities Other payables

7

45.9 17.7 63.6

17.9 17.9

Total liabilities

795.4

665.9

Total equity and liabilities

2,096.4

1,899.0

The Company has taken advantage of the exemption in Section 408 of the Companies Act 2006 not to present its own income statement and statement of comprehensive income. The profit arising in the year amounts to £89.1m (2019: loss of £96.3m).

The financial statements were approved by the Board of Directors on 15 March 2021 and were signed on its behalf by:

Andy Parsons Director

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