Tesco 2006 Annual Report Download - page 96

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94 Tesco plc
Notes to the financial statements continued
Note 32 Explanation of transition to IFRSs continued
Reconciliation of Equity
Asat 26 February 2005 (date of last UK GAAP financial statements)
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 1,044 58 – –
Property, plant and equipment 15,495 – – –
Investment property – – – –
Investments in Joint ventures and Associates 407 5 – –
Other investments 7 – – –
Deferred tax assets – – – –
16,953 63 – –
Current assets
Inventories 1,309 – – –
Trade and other receivables 1,002 – (230) –
Investments 346 – – –
Cash and cash equivalents 800 – – –
3,457 – (230) –
Current liabilities
Trade and other payables (5,374) – 14 410
Short-term borrowings (477) – – –
Current tax liabilities (221) – – –
Provisions ––– –
(6,072) – 14 410
Net current liabilities (2,615) – (216) 410
Non-current liabilities
Long-term borrowings (4,511) – – –
Post-employment benefit obligations – – (735) –
Other non-current liabilities (20) – – –
Deferred tax liabilities (731) – 279 –
Provisions (19) – – –
(5,281) – (456) –
Net assets 9,057 63 (672) 410
Equity
Share capital 389 – – –
Share premium account 3,704 – – –
Other reserves 40 – – –
Retained earnings 4,873 63 (672) 410
Equity attributable to equity holders of the parent 9,006 63 (672) 410
Minority interests 51 – – –
Total equity9,057 63 (672) 410