Tesco 2003 Annual Report Download - page 28

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26 TESCO PLC
balance sheets
22 February 2003
Group Company
2003 2002 2003 2002
note £m £m £m £m £m £m
Fixed assets
Intangible assets 11 890 154 – –
Tangible assets 12 12,828 11,032 – –
Investments 13 59 69 7,820 6,704
Investments in joint ventures 13
Share of gross assets 1,708 1,480 – –
Less: share of gross liabilities (1,459) (1,266) – –
Goodwill 17 18 – –
266 232 158 156
Investments in associates 13 18 16 – –
14,061 11,503 7,978 6,860
Current assets
Stocks 14 1,140 929 – –
Debtors 15 662 454 1,012 3,060
Investments 16 239 225 – 5
Cash at bank and in hand 399 445 – –
2,440 2,053 1,012 3,065
Creditors:
falling due within one year 17 (5,372) (4,809) (1,961) (4,707)
Net current liabilities (2,932) (2,756) (949) (1,642)
Total assets less current liabilities 11,129 8,747 7,029 5,218
Creditors:
falling due after more than one year 18 (4,049) (2,741) (3,772) (2,609)
Provisions for liabilities and charges 21 (521) (440) – –
Net assets 6,559 5,566 3,257 2,609
Capital and reserves
Called up share capital 23 362 350 362 350
Share premium account 24 2,465 2,004 2,465 2,004
Other reserves 24 40 40 – –
Profit and loss account 24 3,649 3,136 430 255
Equity shareholders’ funds 6,516 5,530 3,257 2,609
Minority interests 43 36 – –
Total capital employed 6,559 5,566 3,257 2,609
Accounting policies and notes forming part of these financial statements are on pages 28 to 53.
Terry Leahy
Andrew Higginson
Directors
Financial statements approved by the Board on 7 April 2003.