CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2026
2026 £m
2025 £m
Attributable to equity holders of the Company
Notes
Currency translation reserve £m
Non-current assets Property, plant and equipment Intangible assets – goodwill
Share capital £m
Share premium £m
Merger reserve £m
Retained earnings £m
Total equity £m
24.0
14 16 18 15 10
23.0
249.2
244.2
At 1 April 2024 Profit for the year
4.8
192.0
2.9
(2.1)
104.0
301.6
81.3 33.3
Intangible assets – other
92.2 27.4
– – – – –
– – – – –
– – – – –
–
24.6
24.6
Right-of-use assets Deferred tax assets
Other comprehensive loss
(3.7) (3.7)
(3.5)
(7.2)
7.3
10.1
Total comprehensive (loss)/income Share-based payments including tax
21.1 0.7
17.4
395.1
396.9
– –
0.7
Current assets Inventories
Dividends (note 12) At 31 March 2025 Profit for the year
(11.7)
(11.7)
85.4 85.7
19
82.9 74.4
4.8
192.0
2.9
(5.8)
114.1 29.0
308.0
Trade and other receivables
20
– – – –
– – – –
– – – – – –
–
29.0
3.1
Current tax assets
1.5
Other comprehensive income Total comprehensive income
2.1 2.1
0.2
2.3
125.3 299.5 694.6
Cash and cash equivalents
21
139.3 298.1 695.0
29.2
31.3
Share-based payments including tax
– – –
1.3
1.3
Total assets
Shares issued (note 29)
0.1
0.1
–
0.2
Current liabilities Trade and other payables Loans and borrowings
Dividends (note 12) At 31 March 2026
–
–
(12.2)
(12.2)
(91.9) (95.6)
28 22
(81.1)
4.9
192.1
2.9
(3.7)
132.4
328.6
(95.0)
(6.5) (8.4) (3.8)
Lease liabilities
15
(6.2) (8.2) (5.0)
The above consolidated Statement of Changes in Equity should be read in conjunction with the accompanying notes.
Current tax liabilities
Provisions
25
(206.2)
(195.5)
Non-current liabilities Other payables Loans and borrowings
(0.5)
28 22
(6.2)
(110.2) (27.5)
(138.6)
Lease liabilities Pension liability
15 31
(21.2) (0.5) (4.0) (21.0)
(0.2) (4.3) (17.1)
Provisions
25 10
Deferred tax liabilities
(159.8) (366.0)
(191.5) (387.0) 308.0
Total liabilities Net assets Equity Share capital Share premium Merger reserve
328.6
4.9
29 29
4.8
192.1
192.0
2.9
2.9
(3.7)
Currency translation reserve
(5.8)
132.4 328.6
Retained earnings
114.1
Total equity
308.0
The above consolidated Statement of Financial Position should be read in conjunction with the accompanying notes. The Financial Statements on pages 150 to 205 were approved by the Board of Directors on 2 June 2026 and signed on its behalf by:
Nick Jefferies
Simon Gibbins
Group Chief Executive
Group Finance Director
152
153
discoverIE Group plc Innovative Electronics
Annual Report and Accounts for the year ended 31 March 2026
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