Tesco 2011 Annual Report Download - page 100

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notes
26 February
2011
£m
27 February
2010
£m
Non-current assets
Goodwill and other intangible assets 10 4,338 4,177
Property, plant and equipment 11 24,398 24,203
Investment property 12 1,863 1,731
Investments in joint ventures and associates 13 316 152
Other investments 14 1,108 863
Loans and advances to customers 17 2,127 1,844
Derivative financial instruments 22 1,139 1,250
Deferred tax assets 648 38
35,337 34,258
Current assets
Inventories 15 3,162 2,729
Trade and other receivables 16 2,314 1,888
Loans and advances to customers 17 2,514 2,268
Loans and advances to banks and other financial assets 18 404 144
Derivative financial instruments 22 148 224
Current tax assets 4 6
Short-term investments 1,022 1,314
Cash and cash equivalents 19 1,870 2,819
11,438 11,392
Non-current assets classified as held for sale 7431 373
11,869 11,765
Current liabilities
Trade and other payables 20 (10,484) (9,442)
Financial liabilities:
Borrowings 21 (1,386) (1,529)
Derivative financial instruments and other liabilities 22 (255) (146)
Customer deposits 24 (5,074) (4,357)
Deposits by banks 25 (36) (30)
Current tax liabilities (432) (472)
Provisions 26 (64) (39)
(17,731) (16,015)
Net current liabilities (5,862) (4,250)
Non-current liabilities
Financial liabilities:
Borrowings 21 (9,689) (11,744)
Derivative financial instruments and other liabilities 22 (600) (776)
Post-employment benefit obligations 28 (1,356) (1,840)
Deferred tax liabilities 6(1,094) (795)
Provisions 26 (113) (172)
(12,852) (15,327)
Net assets 16,623 14,681
Equity
Share capital 29 402 399
Share premium account 4,896 4,801
Other reserves 40 40
Retained earnings 11,197 9,356
Equity attributable to owners of the parent 16,535 14,596
Non-controlling interests 88 85
Total equity 16,623 14,681
The notes on pages 99 to 145 form part of these financial statements.
Philip Clarke
Laurie McIlwee
Directors
The financial statements on pages 94 to 145 were authorised for issue by the Directors on 6 May 2011 and are subject to the approval of the
shareholders at the Annual General Meeting on 1 July 2011.
FINANCIAL STATEMENTS
96
—
TESCO PLC Annual Report and Financial Statements 2011
Group balance sheet