Tesco 2013 Annual Report Download - page 96

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92 Tesco PLC Annual Report and Financial Statements 2013
Notes to the Group financial statements
Note 7 Discontinued operations and non-current assets classified as held for sale continued
Balance sheet
As the Group’s operations in Japan were disposed of during the year, assets and liabilities of the disposal group at 23 February 2013 comprise only
those of the US.
Total US
2013
£m
Assets of the disposal group
Property, plant and equipment 241
Inventories 32
Trade and other receivables 15
Cash and cash equivalents 19
Total assets of the disposal group 307
Liabilities of the disposal group
Trade and other payables (192)
Borrowings (7)
Other current liabilities (83)
Total liabilities of the disposal group (282)
Total net assets of the disposal group 25
Future minimum rentals payable under non-cancellable operating leases associated with operations in the US amount to £684m.
At 25 February 2012, the Group’s US operations had not yet been classified as held for sale. Assets and liabilities of the disposal group at this date
comprise only those of Japan.
Total Japan
2012
£m
Assets of the disposal group
Inventories 16
Trade and other receivables 43
Cash and cash equivalents 6
Total assets of the disposal group 65
Liabilities of the disposal group
Trade and other payables (68)
Borrowings (1)
Total liabilities of the disposal group (69)
Total net liabilities of the disposal group (4)
Future minimum rentals payable under non-cancellable operating leases associated with operations in Japan at 25 February 2012 amounted to £113m.
Cash flow statement
US Japan Total
2013
£m
2012
£m
2013
£m
2012
£m
2013
£m
2012
£m
Net cash flows from operating activities (145) (116) 2(53) (143) (169)
Net cash flows from investing activities 123 95 (48) 675 101
Net cash flows from financing activities 29 17 41 46 70 63
Net cash flows from discontinued operations 7(4) (5) (1) 2(5)