Tesco 2010 Annual Report Download - page 74

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Group balance sheet
27 February 28 February 24 February
2010 2009 2008
Restated* Restated*
notes £m £m £m
Non-current assets
Goodwill and other intangible assets 10 4,177 4,076 2,336
Property, plant and equipment 11 24,203 23,152 19,787
Investment property 12 1,731 1,539 1,112
Investments in joint ventures and associates 13 152 62 305
Other investments 14 863 259 4
Loans and advances to customers 17 1,844 1,470 –
Derivative financial instruments 22 1,250 1,478 216
Deferred tax assets 6 38 49 104
34,258 32,085 23,864
Current assets
Inventories 15 2,729 2,669 2,430
Trade and other receivables 16 1,888 1,820 1,311
Loans and advances to customers 17 2,268 1,918 –
Loans and advances to banks and other financial assets 18 144 1,541 –
Derivative financial instruments 22 224 382 97
Current tax assets 6 9 6
Short-term investments 1,314 1,233 360
Cash and cash equivalents 19 2,819 3,509 1,788
11,392 13,081 5,992
Non-current assets classified as held for sale 7 373 398 308
11,765 13,479 6,300
Current liabilities
Trade and other payables 20 (9,442) (8,665) (7,359)
Financial liabilities
Borrowings 21 (1,529) (3,471) (2,084)
Derivative financial instruments and other liabilities 22 (146) (525) (443)
Customer deposits 24 (4,357) (4,538) –
Deposits by banks 25 (30) (24) –
Current tax liabilities (472) (362) (455)
Provisions 26 (39) (10) (4)
(16,015) (17,595) (10,345)
Net current liabilities (4,250) (4,116) (4,045)
Non-current liabilities
Financial liabilities
Borrowings 21 (11,744) (12,391) (5,972)
Derivative financial instruments and other liabilities 22 (776) (302) (322)
Post-employment benefit obligations 28 (1,840) (1,494) (838)
Deferred tax liabilities 6 (795) (676) (791)
Provisions 26 (172) (200) (23)
(15,327) (15,063) (7,946)
Net assets 14,681 12,906 11,873
Equity
Share capital 29 399 395 393
Share premium account 4,801 4,638 4,511
Other reserves 40 40 40
Retained earnings 9,356 7,776 6,842
Equity attributable to owners of the parent 14,596 12,849 11,786
Minority interests 85 57 87
Total equity 14,681 12,906 11,873
* See note 1 Accounting policies.
Sir Terry Leahy
Laurie McIlwee
Directors
The financial statements on pages 70 to 120 were authorised for issue by the Directors on 5 May 2010 and are subject to the approval of the
shareholders at the Annual General Meeting on 2 July 2010.
72 Tesco PLC Annual Report and Financial Statements 2010