Tesco 2013 Annual Report Download - page 134

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130 Tesco PLC Annual Report and Financial Statements 2013
Note 6 Debtors
2013
£m
2012
£m
Amounts owed by Group undertakings 11,823 8,611
Amounts owed by joint ventures and associates*173 177
Other debtors 17 15
Deferred tax asset** 44
12,017 8,807
Amounts owed by Group undertakings are either interest-bearing or non interest-bearing depending on the type and duration of debtor relationship.
* Of the amounts owed by joint ventures and associates, £112m (2012: £117m) is due after more than one year.
** The deferred tax asset recognised by the Company, and the movements thereon, during the financial year are as follows:
Financial
instruments
£m
Other timing
differences
£m
Total
£m
At 25 February 2012 6(2) 4
Charge to the Profit and Loss Account for the year (1) 1 –
At 23 February 2013 5(1) 4
Note 7 Current asset investments
2013
£m
2012
£m
Short-term investments 522 1,243
Short-term deposits and cash at bank –46
522 1,289
Note 8 Other creditors
2013
£m
2012
£m
Amounts falling due within one year:
Other tax and social security 12
Amounts owed to Group undertakings 8,167 5,640
Other liabilities 47 66
Accruals and deferred income 3–
8,218 5,708
Amounts owed to Group undertakings are either interest-bearing or non interest-bearing depending on the type and duration of creditor relationship.
Notes to the Parent Company financial statements