Tesco 2014 Annual Report Download - page 90

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Note 7 Discontinued operations and non-current assets classified as held for sale continued
Balance sheet
US
2014
£m
China
2014
£m
Total
£m
Assets of the disposal groups
Goodwill and other intangible assets –100 100
Property, plant and equipment 30 1,145 1,175
Investments in joint ventures and associates –162 162
Inventories –138 138
Trade and other receivables –278 278
Cash and cash equivalents 48 259 307
Total assets of the disposal groups 78 2,082 2,160
Liabilities of the disposal groups
Trade and other payables (33) (864) (897)
Borrowings –(283) (283)
Other current liabilities (13) –(13)
Total liabilities of the disposal groups (46) (1,147 ) (1,193)
Total net assets of the disposal groups 32 935 967
Future minimum rentals payable under non-cancellable operating leases associated with operations in China and the US at 22 February 2014 were £1,495m
and £65m respectively (2013: £684m in the US).
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 liabilities of the disposal group 25
Cash flow statement
US China Japan Total
2014
£m
2013
£m
2014
£m
2013
£m
2013
£m
2014
£m
2013
£m
Net cash flows from operating activities (106) (145) (66) (26) 4(172) (167)
Net cash flows from investing activities (1) (98) (290) (276) (48) (291) (422)
Net cash flows from financing activities (7) 7159 (124) (1) 152 (118)
Net cash flows from discontinued operations (114) (236) (197) (426) (45) ( 311) (707)
Intra-Group funding and intercompany transactions 146 243 217 412 40 363 695
Net cash flows from discontinued operations, net of intercompany 32 720 (14) (5) 52 (12)
Other information
Governance Financial statementsStrategic report
Tesco PLC Annual Report and Financial Statements 2014 87