Tesco 2006 Annual Report Download - page 94

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92 Tesco plc
Notes to the financial statements continued
Note 32 Explanation of transition to IFRSs continued
Reconciliation of equity
Asat 29 February 2004 (date of transition to IFRSs)
Reported Business
under combinations Pensions Dividends
UK GAAP IFRS 3 IAS 19 IAS 10
£m £m £m £m
Non-current assets
Goodwill and intangible assets 965
Property, plant and equipment 14,094
Investment property
Investments in Joint ventures and Associates 330
Other investments 6
Deferred tax assets
15,395 – –
Current assets
Inventories 1,199 – –
Trade and other receivables 826 (12)
Investments 430 – –
Cash and cash equivalents 670
3,125 – (12)
Current liabilities
Trade and other payables (4,364) 10 365
Short-term borrowings (844)
Current tax liabilities (308)
Provisions ––– –
(5,516) – 10 365
Net current liabilities (2,391) (2) 365
Non-current liabilities
Long-term borrowings (4,346)
Post-employment benefit obligations (674)
Other non-current liabilities (22)
Deferred tax liabilities (579) 199
Provisions (14) –
(4,961) (475)
Net assets 8,043 – (477) 365
Equity
Share capital 384 – –
Share premium account 3,470
Other reserves 40
Retained earnings 4,104 (477) 365
Equity attributable to equity holders of the parent 7,998 – (477) 365
Minority interests 45
Total equity8,043 (477) 365