Tesco 2014 Annual Report Download - page 74

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Notes
22 February
2014
£m
23 February
2013
£m
Non-current assets
Goodwill and other intangible assets 10 3,795 4,362
Property, plant and equipment 11 24,490 24,870
Investment property 12 227 2,001
Investments in joint ventures and associates 13 286 494
Other investments 14 1,015 818
Loans and advances to customers 17 3,210 2,465
Derivative financial instruments 21 1,496 1,965
Deferred tax assets 6 73 58
34,592 37,033
Current assets
Inventories 15 3,576 3,744
Trade and other receivables 16 2,190 2,525
Loans and advances to customers 17 3,705 3,094
Derivative financial instruments 21 80 58
Current tax assets 12 10
Short-term investments 1,016 522
Cash and cash equivalents 18 2,506 2, 512
13,085 12,465
Assets of the disposal group and non-current assets classified as held for sale 7 2,487 631
15, 572 13,096
Current liabilities
Trade and other payables 19 (10,595) (11,094)
Financial liabilities:
Borrowings 20 (1,910) (766)
Derivative financial instruments and other liabilities 21 (99) (121)
Customer deposits and deposits from banks 23 (6,858) (6,015)
Current tax liabilities (494) (519)
Provisions 24 (250) (188)
(20,206) (18,703)
Liabilities of the disposal group classified as held for sale 7(1,193) (282)
Net current liabilities (5,827) (5,889)
Non-current liabilities
Financial liabilities:
Borrowings 20 (9,303) (10,068)
Derivative financial instruments and other liabilities 21 (770) (759)
Post-employment benefit obligations 26 (3,193) (2,378)
Deferred tax liabilities 6 (594) (1,006)
Provisions 24 (183) (272)
(14,043) (14,483)
Net assets 14,722 16,661
Equity
Share capital 27 405 403
Share premium 5,080 5,020
All other reserves (498) 685
Retained earnings 9,728 10,535
Equity attributable to owners of the parent 14,715 16,643
Non-controlling interests 718
Total equity 14,722 16,661
The notes on pages 74 to 121 form part of these financial statements.
Philip Clarke
Directors
The financial statements on pages 69 to 121 were authorised for issue by the Directors on 2 May 2014 and are subject to the approval of the shareholders at
the Annual General Meeting on 27 June 2014.
Other information
Governance Financial statementsStrategic report
Tesco PLC Annual Report and Financial Statements 2014 71
Group balance sheet