Franchise Brands plc Annual Report and Accounts 2018 51 Financial Statements Governance Strategic Report Note 2018 £'000 2017 £'000 Assets Non-current assets Fixed asset investments 19 31,703 30,097 Total non-current assets 31,703 30,097 Current assets Trade and other receivables 14 2,860 3,212 Cash and cash equivalents 6 232 Total current assets 2,866 3,444 Total assets 34,569 33,541 Liabilities Current liabilities Trade and other payables 15 247 191 Loans and borrowings 16 3,439 4,164 Total current liabilities 3,686 4,355 Non-current liabilities Loans and borrowings 16 4,400 5,255 Total liabilities 8,086 9,610 Net assets 26,483 23,931 Issued capital and reserves attributable to owners of the Parent Share capital 20 388 388 Share premium 20 22,621 22,621 Share-based payment reserve 20 226 88 Merger reserve 20 276 276 Treasury reserve 20 (151) – Retained earnings 3,123 558 Total equity attributable to equity holders 26,483 23,931 No statement of comprehensive income is presented by the Company as permitted by Section 408 of the Companies Act. Franchise Brands plc reported a profit and total comprehensive income for the financial period ended 31 December 2018 of £3.0m (2017: £0.4m). The Company financial statements of Franchise Brand plc (Company number: 10281033) on pages 51 to 70 were approved and authorised for issue by the Board of Directors on 12 March 2019 and were signed on its behalf by: Chris Dent Director COMPANY STATEMENT OF FINANCIAL POSITION At 31 December 2018