Tesco 2015 Annual Report Download - page 116
Download and view the complete annual report
Please find page 116 of the 2015 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.-
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
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
 |
 |
Note 17 Loans and advances to customers
Tesco Bank has loans and advances to customers, as follows:
2015
£m
2014
£m
Non-current 3,906 3,210
Current 3,814 3,705
7,720 6,915
The maturity of these loans and advances is as follows:
At 28 February 2015
2015
£m
2014
£m
Repayable on demand or at short notice 33
Within three months 3,744 3,641
Greater than three months but less than one year 158 166
Greater than one year but less than five years 2,033 1,955
After five years 1,922 1,307
7,8 6 0 7,072
Provision for impairment of loans and advances (140) (157)
7,720 6,915
At 28 February 2015, £3.0bn (2014: £2.4bn) of the credit card portfolio had its legal interest assigned to a structured entity for use as collateral in
securitisation transactions. Included within the unsecured lending balance is £nil (2014: £0.8bn) that has been prepositioned with the Bank of England for
the purposes of contingent liquidity via the discount window facility and consequently is eligible for future participation in the Funding for Lending Scheme.
Provision for impairment of loans and advances
£m
At 23 February 2013 (172)
Increase in allowance, net of recoveries, charged to the Group Income Statement (55)
Amounts written off 66
Unwinding of discount 4
At 22 February 2014 (157)
Increase in allowance, net of recoveries, charged to the Group Income Statement (48)
Amounts written off 62
Unwinding of discount 3
At 28 February 2015 (140)
Note 18 Cash and cash equivalents
2015
£m
2014
£m
Cash at bank and in hand 2,134 2,261
Short-term deposits 31 245
2,165 2,506
Cash of £593m (2014: £1,016m) held on money market funds is classed as short-term investments.
Note 19 Trade and other payables
2015
£m
2014
£m
Trade payables 5,076 5,831
Other taxation and social security 366 399
Other payables 2,698 2,800
Amounts payable to joint ventures and associates (Note 28) 23 22
Accruals and deferred income 1,759 1,543
9,922 10,595
Included in other payables are amounts of £147m (2014: £154m) which are non-current.
Netted against trade and other payables is £347m (2014: £547m) amounts receivable from suppliers in relation to commercial income that has been invoiced,
for which there is a current legal right and intention to offset against amounts payable at the balance sheet date.
114 Tesco PLC Annual Report and Financial Statements 2015
Notes to the Group financial statements continued