Tesco 2001 Annual Report Download - page 32

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30 TESCO PLC
NOTES TO THE FINANCIAL STATEMENTS continued
NOTE 13 Fixed asset investments continued
2001 2000
£m £m
The net (borrowings)/funds of the joint ventures, as at 24 February 2001, were as follows:
Cash and deposits 1,795 1,445
Debenture stock – repayable 2001 – (40)
Term bank loan – repayable 2003 (135) (135)
Other loans (1,953) (1,225)
(293) 45
There is no recourse to Group companies in respect of the borrowings of the joint ventures, apart from £12m (2000 – £16m) which has
been guaranteed by Tesco PLC (note 29).
Details of transactions and balances with the joint ventures are set out in note 30.
NOTE 14 Stocks
Group Company
2001 2000 2001 2000
£m £m £m £m
Goods held for resale 814 636 – –
Development property 24 108 – –
838 744 – –
Additions to development property include nil (2000 – £1m) of interest capitalised. Property disposed of included £1m (2000 – nil) of interest
capitalised. Accumulated capitalised interest at 24 February 2001 was £5m (2000 – £6m).
NOTE 15 Debtors
Group Company
2001 2000 2001 2000
£m £m £m £m
Amounts owed by Group undertakings – – 376 705
Prepayments and accrued income 18 37 419 419
Other debtors 261 178 34 22
Amounts owed by undertakings in which the company has a participating interest 43 37 45 37
322 252 874 1,183
NOTE 16 Investments
Group Company
2001 2000 2001 2000
£m £m £m £m
Money market deposits 253 256 – 19
Bonds and certificates of deposit (market value £2m, 2000 – £2m) 2222
255 258 2 21