Tesco 2008 Annual Report Download - page 46

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Tesco PLC Annual Report and
Financial Statements 2008
44 www.tesco.com/annualreport08
Group balance sheet
23 February 2008
2008 2007
notes £m £m
Non-current assets
Goodwill and other intangible assets 10 2,336 2,045
Property, plant and equipment 11 19,787 16,976
Investment property 12 1,112 856
Investments in joint ventures and associates 13 305 314
Other investments 14 48
Derivative financial instruments 20 216 –
Deferred tax assets 6104 32
23,864 20,231
Current assets
Inventories 15 2,430 1,931
Trade and other receivables 16 1,311 1,079
Derivative financial instruments 20 97 108
Current tax assets 68
Short-term investments 360 –
Cash and cash equivalents 17 1,788 1,042
5,992 4,168
Non-current assets classified as held for sale 7308 408
6,300 4,576
Current liabilities
Trade and other payables 18 (7,277) (6,046)
Financial liabilities
Borrowings 19 (2,084) (1,554)
Derivative financial instruments and other liabilities 20 (443) (87)
Current tax liabilities (455) (461)
Provisions 22 (4) (4)
(10,263) (8,152)
Net current liabilities (3,963) (3,576)
Non-current liabilities
Financial liabilities
Borrowings 19 (5,972) (4,146)
Derivative financial instruments and other liabilities 20 (322) (399)
Post-employment benefit obligations 24 (838) (950)
Other non-current payables 18 (42) (29)
Deferred tax liabilities 6(802) (535)
Provisions 22 (23) (25)
(7,999) (6,084)
Net assets 11,902 10,571
Equity
Share capital 25/26 393 397
Share premium account 26 4,511 4,376
Other reserves 26 40 40
Retained earnings 26 6,871 5,693
Equity attributable to equity holders of the parent 11,815 10,506
Minority interests 26 87 65
Total equity 11,902 10,571
Sir Terry Leahy
Andrew Higginson
Directors
The financial statements on pages 42 to 95 were authorised for issue by the Directors on 28 April 2008 and are subject to the approval of the shareholders
at the Annual General Meeting on 27 June 2008.