Tesco 2002 Annual Report Download - page 31

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TESCO PLC 29
NOTE 15 Stocks
Group Company
2002 2001 2002 2001
£m £m £m £m
Goods held for resale 908 814 – –
Development property 21 24 – –
929 838 – –
Property disposed of included nil (2001 – £1m) of interest capitalised. Accumulated capitalised interest at 23 February 2002 was £5m
(2001 – £5m).
NOTE 16 Debtors
Group Company
2002 2001 2002 2001
£m £m £m £m
Amounts owed by Group undertakings – – 2,821 376
Prepayments and accrued income 47 18 33 419
Other debtors 339 261 145 34
Amounts owed by undertakings in which Group companies have a participating interest
68 43 61 45
454 322 3,060 874
Included in the above are debtors due after more than one year of £81m (2001 – £62m).
NOTE 17 Investments
Group Company
2002 2001 2002 2001
£m £m £m £m
Money market deposits 225 253 5 –
Bonds and certificates of deposit (market value nil, 2001 – £2m) –2–2
225 255 5 2
NOTE 18 Creditors falling due within one year
Group Company
2002 2001 2002 2001
£m £m £m £m
Bank loans and overdrafts (a) (b) 1,474 1,389 1,890 1,312
Trade creditors 1,830 1,538 – –
Amounts owed to Group undertakings – – 2,455 876
Corporation tax 259 292 5 26
Other taxation and social security 52 114 – –
Other creditors 732 627 18 55
Accruals and deferred income (c) 164 159 56 3
Finance leases (note 23) 15 24 – –
Dividends 283 246 283 246
4,809 4,389 4,707 2,518
(a) Bank deposits in subsidiary undertakings of £1,636m (2001 – £847m) have been offset against borrowings in the parent company under a legal right of set-off.
(b) Includes nil (2001 – £12m) secured on various properties.
(c) A gain of £45m, realised in a prior year, on terminated interest rate swaps is being spread over the life of replacement swaps entered into at the same time for similar
periods. Accruals and deferred income includes £2m (2001 – £5m) attributable to these realised gains with nil (2001 – £2m) being included in other creditors falling
due after more than one year (note 19).