Further re Interim Results

Next PLC
17 September 2007


NEXT PLC

Amendment to the Interim Unaudited Consolidated Balance Sheet


The unaudited consolidated balance sheet at July 2007 included in Next's RNS
announcement on 11 September 2007 has been amended.  In order to show a
consistent presentation with the Group's July 2006 balance sheet, liabilities
totalling £93.4 million in respect of share buybacks to be made under its
irrevocable close season arrangement and its contingent purchase contracts have
been transferred from trade and other payables to other financial liabilities
due within one year.  There is no change in shareholders' total equity as a 
result of this amended presentation. The revised balance sheet is as follows:


                      UNAUDITED CONSOLIDATED BALANCE SHEET

                                        July           July        January        
                                        2007           2006           2007
                                          £m             £m             £m
ASSETS AND LIABILITIES
Non-current assets
Property, plant & equipment            581.3          533.4          544.4
Intangible assets                       36.2           36.2           36.2
Interests in associates                  2.2            2.2            2.2
Other investments                        1.0            1.0            1.0
Other financial assets                   1.7            1.4            2.2
Deferred tax assets                        -            8.5            2.6
                                   _________       _________     _________
                                       622.4          582.7          588.6
Current assets
Inventories                            307.8          338.9          281.8
Trade and other receivables            558.0          516.9          577.7
Other financial assets                   1.5            0.8            1.2
Cash and short term deposits            70.1           86.9          121.7
                                   _________       _________     _________
                                       937.4          943.5          982.4
                                   _________       _________     _________
Total assets                         1,559.8        1,526.2        1,571.0
                                   _________       _________     _________
Current liabilities
Bank overdrafts                        (15.3)         (35.5)         (12.5)
Unsecured bank loans                  (120.0)        (410.2)          (0.1)
Trade and other payables              (687.8)        (561.4)        (621.1)
Other financial liabilities           (103.1)        (133.4)         (23.6)
Current tax liability                  (85.8)         (49.5)         (81.2)
                                   _________      _________      _________
                                    (1,012.0)      (1,190.0)        (738.5)
Non-current liabilities
Corporate bonds                       (532.3)        (299.0)        (531.2)
Net retirement benefit obligation      (28.1)         (84.9)         (47.0)
Provisions                              (9.5)          (9.7)          (9.5)
Other financial liabilities            (18.0)          (3.7)         (19.2)
Deferred tax liabilities               (10.0)             -              -
Other liabilities                      (36.9)         (34.0)         (36.3)
                                   _________       ________       _________
                                      (634.8)        (431.3)        (643.2)
                                    _________      ________       _________
Total liabilities                   (1,646.8)      (1,621.3)      (1,381.7)
                                    _________     _________       _________
Net (liabilities)/assets               (87.0)         (95.1)         189.3
                                    _________     _________       _________
EQUITY  
Share capital                           21.3           22.9           22.7
Share premium account                    0.7            0.7            0.7
Capital redemption reserve               8.6            7.0            7.2
ESOT reserve                           (62.1)         (91.5)          76.9)
Fair value reserve                      (7.8)         (18.7)          19.9)
Foreign currency translation             1.6            0.5            2.0
Other reserves                      (1,443.8)      (1,441.8)      (1,443.7)
Retained earnings                    1,394.5        1,425.8        1,697.2
                                   _________      _________       _________
Total equity                           (87.0)         (95.1)         189.3
                                   _________      _________       _________
  



Andrew McKinlay, Company Secretary
Next plc
0844 844 8888




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