Tesco 2014 Annual Report Download - page 129

Download and view the complete annual report

Please find page 129 of the 2014 Tesco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 147

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147

2014
£m
2013
£m
Amounts owed by Group undertakings*12,378 11,823
Amounts owed by joint ventures and associates** 127 173
Other debtors 11 17
Deferred tax asset*** 20 4
12,536 12,017
Amounts owed by Group undertakings are either interest-bearing or non-interest bearing depending on the type and duration of debtor relationship.
* Debtors include amounts owed by Group undertakings of £65m (2013: £nil) due after more than one year.
** Of the amounts owed by joint ventures and associates, £125m (2013: £112m) is due after more than one year.
*** The deferred tax asset recognised by the Company, and the movements thereon, during the financial year are as follows:
Financial
instruments
£m
At 23 February 2013 4
Charge to the Profit and Loss Account for the year (2)
Movement in reserves for the year 18
At 22 February 2014 20
Note 7 Short-term investments
2014
£m
2013
£m
Short-term investments 1,016 522
Note 8 Other creditors
2014
£m
2013
£m
Amounts falling due within one year:
Amounts owed to Group undertakings 8,898 8,167
Other creditors 50 47
Taxation and social security 11
Accruals and deferred income 43
8,953 8,218
Amounts owed to Group undertakings are either interest-bearing or non-interest bearing depending on the type and duration of creditor relationship.
Note 6 Debtors
126 Tesco PLC Annual Report and Financial Statements 2014
Notes to the Parent Company financial statements continued