Tesco 2002 Annual Report Download - page 20

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18 TESCO PLC balance sheets
23 February 2002
Group Company
Restated‡
2002 2001 2002 2001
note £m £m £m £m £m £m
Fixed assets
Intangible assets 12 154 154 – –
Tangible assets 13 11,032 9,580 – –
Investments 14 69 101 6,704 5,774
Investments in joint ventures 14
Share of gross assets 1,480 1,283
Less: share of gross liabilities (1,266) (1,094)
Goodwill 18 14
232 203 156 146
Investments in associates 14 16 –––
11,503 10,038 6,860 5,920
Current assets
Stocks 15 929 838 – –
Debtors 16 454 322 3,060 874
Investments 17 225 255 5 2
Cash at bank and in hand 445 279 – –
2,053 1,694 3,065 876
Creditors:
falling due within one year 18 (4,809) (4,389) (4,707) (2,518)
Net current liabilities (2,756) (2,695) (1,642) (1,642)
Total assets less current liabilities 8,747 7,343 5,218 4,278
Creditors:
falling due after more than one year 19 (2,741) (1,927) (2,609) (1,819)
Provisions for liabilities and charges 22 (440) (402) – –
Net assets 5,566 5,014 2,609 2,459
Capital and reserves
Called up share capital 24 350 347 350 347
Share premium account 25 2,004 1,870 2,004 1,870
Other reserves 25 40 40 – –
Profit and loss account 25 3,136 2,721 255 242
Equity shareholders’ funds 5,530 4,978 2,609 2,459
Minority interests 36 36 – –
Total capital employed 5,566 5,014 2,609 2,459
Accounting policies and notes forming part of these financial statements are on pages 20 to 39.
‡Prior year comparatives have been restated due to the adoption of FRS 19, ‘Deferred Tax’. See note 1 on page 22.
Terry Leahy
Andrew Higginson
Directors
Financial statements approved by the Board on 9 April 2002.