Group Balance Sheet

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2007
Note		2007 €'000	2006 €'000
	ASSETS
	NON-CURRENT ASSETS
13	Goodwill	303,966	287,580
14	Other intangible assets	14,164	17,117
16	Property, plant and equipment	398,688	294,875
17	Financial assets	209	227
25	Deferred tax assets	2,401	2,694
		719,428	602,493
	CURRENT ASSETS
18	Inventories	152,140	130,868
19	Trade and other receivables	386,744	357,966
	Cash and cash equivalents	66,626	69,060
		605,510	557,894
	TOTAL ASSETS	1,324,938	1,160,387



	LIABILITIES
	CURRENT LIABILITIES
20	Trade and other payables	253,454	259,112
24	Provisions for liabilities and charges	54,670	42,554
	Deferred consideration	3,351	5,659
21	Interest bearing loans and borrowings	46,102	34,631
	Current tax liabilities	32,861	26,130
		390,438	368,086
	NON-CURRENT LIABILITIES
38	Pension and other employee obligations	6,509	20,958
21	Interest bearing loans and borrowings	234,392	205,979
25	Deferred tax liabilities	12,933	8,212
	Deferred consideration	7,750	10,355
		261,584	245,504
	TOTAL LIABILITIES	652,022	613,590
	NET ASSETS	672,916	546,797

	EQUITY
	EQUITY ATTRIBUTABLE TO SHAREHOLDERS OF KINGSPAN GROUP PLC
26	Called-up share capital	22,146	22,161
27	Additional paid-in share capital	31,917	26,341
28	Other reserves	(67,568)	(25,601)
29	Revaluation reserve	713	713
30	Capital redemption reserve	723	513
31	Retained earnings	681,755	519,390
		669,686	543,517

33	Minority interest	3,230	3,280
	TOTAL EQUITY	672,916	546,797

Gene M. Murtagh, Chief Executive
Dermot Mulvihill, Finance Director
3 March 2008