Tesco 2000 Annual Report Download - page 32

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TESCO PLC
30
notes to the financial statementscontinued
NOTE 13 Fixed asset investments continued
2000 1999
£m £m
The net funds/(borrowings) of the joint ventures, as at 26 February 2000, were as follows:
Cash and deposits 1,445 979
Debenture stock – repayable 2001 (40) (38)
Term bank loan – repayable 2003 (135) (134)
Other loans (1,225) (900)
45 (93)
There is no recourse to Group companies in respect of the borrowings of the joint ventures, apart from £16m (1999 – £15m) 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
2000 1999 2000 1999
£m £m £m £m
Goods held for resale 636 595 – –
Development property 108 72 – –
744 667 – –
Additions to development property include £1m (1999 – £2m) of interest capitalised. Accumulated capitalised interest at 26 February 2000
was £15m (1999 – £14m).
NOTE 15 Debtors
Group Company
2000 1999 2000 1999
£m £m £m £m
Amounts owed by Group undertakings – – 705 1,690
Prepayments and accrued income 37 31 419 202
Other debtors 178 100 22 12
Amounts owed by undertakings in which the company has a participating interest 37 20 37 20
252 151 1,183 1,924
NOTE 16 Investments
Group Company
2000 1999 2000 1999
£m £m £m £m
Money market deposits 256 199 19 –
Bonds and certificates of deposit (market value £2m, 1999 – £2m) 2222
258 201 21 2