Tesco 1998 Annual Report Download - page 30

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2 8
Note 13 Stocks
Goods held for resale
Development property
Additions to development property include £3m (1997 – £6m) of interest capitalised. Accumulated capitalised interest at 28 February
1998 was £12m (1997 – £11m).
1998
£m
501
83
584
Group
1997
£m
490
60
550
1998
£m
–
–
–
Company
1997
£m
–
–
–
Cash and deposits
Term bank loan – repayable 1999
Debenture stock – repayable 2001
Term bank loan – repayable 2003
Other loans
There is no recourse to Group companies in respect of the borrowings of the associated undertakings, apart from £15m (1997 –
£14m) which has been guaranteed by Tesco PLC (note 28).
Details of transactions and balances with the associated undertakings are set out in note 29.
1998
£m
510
–
(36)
(128)
(621)
(275)
1997
£m
23
(48)
(36)
(119)
(38)
(218)
Note 12 Fixed asset investments c o n t i n u e d
The net borrowings of the associated undertakings, as at 28 February 1998, were as follows:
Note 14 Debtors
Amounts owed by Group undertakings
Prepayments and accrued income
Advance corporation tax recoverable
Other debtors
Debtors falling due after one year included above:
Advance corporation tax recoverable
1998
£m
–
34
3
96
133
3
Group
1997
£m
–
21
5
52
78
5
1998
£m
1,002
262
3
4
1,271
3
Company
1997
£m
518
258
5
–
781
5
Note 15 Investments
Money market deposits
Bonds and certificates of deposit
(market value £20m, 1997 – £20m)
1998
£m
176
20
196
Group
1997
£m
60
20
80
1998
£m
–
2
2
Company
1997
£m
–
2
2
Notes to the financial statements
c o n t i n u e d