Tesco 2006 Annual Report Download - page 46

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44 Tesco plc
Group balance sheet 25 February 2006
2006 2005
notes £m £m
Non-current assets
Goodwill and intangible assets 10 1,525 1,408
Property, plant and equipment 11 15,882 14,521
Investment property 12 745 565
Investments in Joint ventures and Associates 13 476 416
Other investments 14 47
Deferred tax assets 61214
18,644 16,931
Current assets
Inventories 15 1,464 1,309
Trade and other receivables 16 892 769
Derivative financial instruments 20 70 –
Cash and cash equivalents 17 1,325 1,146
3,751 3,224
Non-current assets classified as held for sale and assets of the disposal group 7168 –
3,919 3,224
Current liabilities
Trade and other payables 18 (5,083) (4,974)
Financial liabilities
– Borrowings 19 (1,646) (482)
–Derivative financial instruments 20 (239) –
Current tax liabilities (462) (221)
Provisions 21 (2) (3)
(7,432) (5,680)
Liabilities directly associated with the disposal group 7(86) –
(7,518) (5,680)
Net current liabilities (3,599) (2,456)
Non-current liabilities
Financial liabilities
– Borrowings 19 (3,742) (4,563)
–Derivative financial instruments and other liabilities 20 (294) –
Post-employment benefit obligations 23 (1,211) (735)
Other non-current liabilities 18 (29) (21)
Deferred tax liabilities 6(320) (496)
Provisions 21 (5) (6)
(5,601) (5,821)
Net assets 9,444 8,654
Equity
Share capital 24/25 395 389
Sharepremium account 25 3,988 3,704
Other reserves 25 40 40
Retained earnings 25 4,957 4,470
Equityattributable toequity holders of the parent 9,380 8,603
Minority interests 25 64 51
Total equity 9,444 8,654
Terry Leahy
Andrew Higginson
Directors
The financial statements on pages 42 to 101 were authorised for issue by the Directors on 24 April 2006.