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46 Tesco PLC Annual report and financial statements 2007 Find out more at www.tesco.com/corporate
Group balance sheet 24 February 2007
2007 2006
notes£m£m
Non-current assets
Goodwill and other intangible assets 10 2,045 1,525
Property, plant and equipment 11 16,976 15,882
Investment property 12 856 745
Investments in joint ventures and associates 13 314 476
Other investments 14 84
Deferred tax assets 632 12
20,231 18,644
Current assets
Inventories 15 1,931 1,464
Trade and other receivables 16 1,079 892
Derivative financial instruments 20 108 70
Current tax assets 8–
Cash and cash equivalents 17 1,042 1,325
4,168 3,751
Non-current assets classified as held for sale and assets of the disposal group 7408 168
4,576 3,919
Current liabilities
Trade and other payables 18 (6,046) (5,083)
Financial liabilities
– Borrowings 19 (1,554) (1,646)
– Derivative financial instruments and other liabilities 20 (87) (239)
Current tax liabilities (461) (462)
Provisions 21 (4) (2)
(8,152) (7,432)
Liabilities directly associated with the disposal group 7– (86)
(8,152) (7,518)
Net current liabilities (3,576) (3,599)
Non-current liabilities
Financial liabilities
– Borrowings 19 (4,146) (3,742)
– Derivative financial instruments and other liabilities 20 (399) (294)
Post-employment benefit obligations 23 (950) (1,211)
Other non-current liabilities 18 (29) (29)
Deferred tax liabilities 6(535) (320)
Provisions 21 (25) (5)
(6,084) (5,601)
Net assets 10,571 9,444
Equity
Share capital 24/25 397 395
Share premium account 25 4,376 3,988
Other reserves 25 40 40
Retained earnings 25 5,693 4,957
Equity attributable to equity holders of the parent 10,506 9,380
Minority interests 25 65 64
Total equity 10,571 9,444
Sir Terry Leahy
Andrew Higginson
Directors
The financial statements on pages 44 to 97 were authorised for issue by the Directors on 16 April 2007 and are subject to the
approval of the shareholders at the Annual General Meeting on 29 June 2007.