Tesco 2008 Annual Report Download - page 104

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Tesco PLC Annual Report and
Financial Statements 2008
102
Notes to the Parent Company financial statements continued
Note 6 Debtors
Restated*
2008 2007
£m £m
Amounts owed by Group undertakings 5,803 5,042
Amounts owed by joint ventures and associates(a) 171 135
Other debtors 60 13
Deferred tax asset(b) 12 29
To t a l 6,046 5,219
* The prior period has been restated – see note 1 – Accounting policies.
(a) The amounts due from joint ventures and associates of £171m (2007 – £135m) are due after more than one year.
(b) The deferred tax asset recognised by the Company, and the movements thereon, during the year are as follows:
Share-based FRS 25 Other timing
payments and FRS 26 differences Total
£m £m £m £m
At 24 February 2007 322 429
Charge to profit and loss account for the year (3) (9) (5) (17)
At 23 February 2008 – 13 (1) 12
Note 7 Current asset investments
2008 2007
£m £m
Bonds and deposits 491 3
Note 8 Other creditors
2008 2007
£m £m
Amounts falling due within one year:
Corporation tax –125
Other tax and social security 11
Amounts owed to Group undertakings 1,725 2,163
Other liabilities 304 214
Accruals and deferred income 7 7
2,037 2,510
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