Tesco 2007 Annual Report Download - page 65

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Note 7 Discontinued operation and assets classified as held for sale continued
The table below shows the net assets disposed of and consideration received.
Balance Sheet
31 May
2006
£m
Property, plant and equipment 39
Investment property 17
Investment in subsidiary 4
Investment in joint ventures and associates 10
Deferred tax asset 2
Inventories 7
Trade and other receivables 6
Cash and cash equivalents 4
Bank loans and overdrafts (18)
Trade and other payables (67)
Tax liabilities (1)
Net identifiable assets and liabilities disposed of 3
Consideration received, satisfied in cash 28
Costs associated with disposal (3)
Profit on disposal 22
Non-current assets classified as held for sale
2007 2006
£m £m
Non-current assets classified as held for sale 408 54
The non-current assets classified as held for sale consist mainly of properties held for sale, including the UK assets disposed of as
part of the post-balance sheet sale and leaseback transaction (see note 32).
63
NOTES TO THE GROUP
FINANCIAL STATEMENTS