Tesco 2011 Annual Report Download - page 128

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NOTE 17 LOANS AND ADVANCES TO CUSTOMERS CONTINUED
At 26 February 2011 Tesco Bank’s non-accrual loans were £212m (2010 – £373m). Loan impairment provisions of £182m (2010 – £314m) were held
against these loans. During the year ended 26 February 2011 the gross income not recognised but which would have been recognised under the
original terms of non-accrual loans was £8m (2010 – £29m).
At 26 February 2011 loans and advances to customers of £73m (2010 – £75m) were past due but not impaired. The ageing analysis of these loans and
advances is as follows:
2011
£m
2010
£m
Up to one month past due 54 55
Up to two months past due 13 13
Two to three months past due 67
73 75
NOTE 18 LOANS AND ADVANCES TO BANKS AND OTHER FINANCIAL ASSETS
Tesco Bank has loans and advances to banks and other financial assets with the following maturity:
2011
£m
2010
£m
Within three months 404 144
There are no loans and advances to banks and other financial assets which are past due and impaired.
NOTE 19 CASH AND CASH EQUIVALENTS
2011
£m
2010
£m
Cash at bank and in hand 1,785 2,062
Short-term deposits 85 757
1,870 2,819
Cash of £1,022m (2010 – £1,314m) held on money market funds is classed as short-term investments.
NOTE 20 TRADE AND OTHER PAYABLES
2011
£m
2010
£m
Trade payables 5,782 5,084
Other taxation and social security 514 487
Other payables 2,274 2,014
Amounts payable to joint ventures and associates (note 30) 442
Accruals and deferred income 1,910 1,815
10,484 9,442
Included in other payables are amounts of £181m (2010 – £160m) which are non-current.
FINANCIAL STATEMENTS
124
—
TESCO PLC Annual Report and Financial Statements 2011
Notes to the Group financial statements