Tesco 2006 Annual Report Download - page 41

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39Tesco plc
FINANCIAL STATEMENTS CONTENTS
Statement of Directors’ responsibilities 40
for the preparation of the financial statements
Independent auditors’ report to the members of Tesco PLC 41
Group income statement 42
Group statement of recognised income and expense 43
Group balance sheet 44
Group cash flow statement 45
Notes to the consolidated financial statements
1 Accounting policies 46
2 Segmental reporting 53
3 Income and expenses 55
4 Employment costs 56
5 Finance income and costs 56
6 Taxation 57
7 Discontinuing operations and assets classified as held for sale 58
8 Dividends 60
9 Earnings per share and diluted earnings per share 60
10 Goodwill and intangible assets 61
11 Property, plant and equipment 63
12 Investment property 66
13 Group entities 67
14 Other investments 70
15 Inventories 70
16 Trade and other receivables 70
17 Cash and cash equivalents 71
18 Trade and other payables 71
19 Borrowings 71
20 Financial instruments 73
21 Provisions 77
22 Share-based payments 78
23 Post-employment benefits 81
24 Called up share capital 84
25 Statement of changes in equity 85
26 Business combinations 86
27 Related party transactions 87
28 Reconciliation of profit before tax to net cash 88
generated from operations
29 Analysis of changes in net debt 88
30 Commitments and contingencies 89
31 Leasing commitments 89
32 Explanation of transition to IFRSs 91
33 Effect of adoption of IAS 32 and IAS 39 100
on financial instruments
Parent company financial statements 104