Tesco 1999 Annual Report Download - page 22

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20 TESCO PLC ANNUAL REPORT 1999
Balance sheets
27 February 1999
Group Company
1998
1999 (restated) 1999 1998
Note £m £m £m £m
Fixed assets
Intangible assets 11 112 –––
Tangible assets 12 7,105 6,311 ––
Investments 13 102 –5,001 4,017
Investments in joint ventures 13 234 185 252 201
7,553 6,496 5,253 4,218
Current assets
Stocks 14 667 584 ––
Debtors 15 151 133 1,924 1,271
Investments 16 201 196 22
Cash at bank and in hand 127 29 ––
1,146 942 1,926 1,273
Creditors: falling due within one year 17 (3,075)(2,713) (3,292)(2,266)
Net current liabilities (1,929)(1,771) (1,366)(993)
Total assets less current liabilities 5,624 4,725 3,887 3,225
Creditors: falling due after more than one year 18 (1,230)(812) (1,188)(736)
Provisions for liabilities and charges 21 (17)(10) ––
Total net assets 4,377 3,903 2,699 2,489
Capital and reserves
Called up share capital 23 339 110 339 110
Share premium account 24 1,577 1,528 1,577 1,528
Other reserves 24 40 40 ––
Profit and loss account 24 2,426 2,225 783 851
Equity shareholders’ funds 4,382 3,903 2,699 2,489
Minority interest (5)–––
Total capital employed 4,377 3,903 2,699 2,489
Terry Leahy
Andrew Higginson
Directors
Financial statements approved by the Board on 12 April 1999.
Accounting policies and notes forming part of these financial statements are on pages 22 to 40.