Tesco 2005 Annual Report Download - page 38

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Balance sheets 26 February 2005
Group Company
2005 2004 2005 2004
restated
note £m £m £m £m £m £m
Fixed assets
Intangible assets 12 1,044 965 – –
Tangible assets 13 15,495 14,094 – –
Investments 14 7 6 9,421 9,077
Investments in joint ventures 14
Share of gross assets 4,280 2,006 – –
Less: share of gross liabilities (4,037) (1,712) – –
Goodwill 145 15 – –
388 309 145 143
Investments in associates 14 19 21 – –
16,953 15,395 9,566 9,220
Current assets
Stocks 15 1,309 1,199 – –
Debtors 16 1,002 826 2,702 1,624
Investments 17 346 430 150 99
Cash at bank and in hand 800 670 – –
3,457 3,125 2,852 1,723
Creditors:
falling due within one year 18 (6,072) (5,516) (3,152) (2,456)
Net current liabilities (2,615) (2,391) (300) (733)
Total assets less current liabilities 14,338 13,004 9,266 8,487
Creditors:
falling due after more than one year 19 (4,531) (4,368) (4,037) (3,950)
Provisions for liabilities and charges 22 (750) (593) – –
Net assets 9,057 8,043 5,229 4,537
Capital and reserves
Called up share capital 24 389 384 389 384
Share premium account 25 3,704 3,470 3,704 3,470
Other reserves 25 40 40 – –
Profit and loss account 25 4,873 4,104 1,136 683
Equity shareholders’ funds 9,006 7,998 5,229 4,537
Minority interests 51 45 – –
Total capital employed 9,057 8,043 5,229 4,537
Accounting policies and notes forming part of these financial statements are on pages 38 to 63.
Terry Leahy
Andrew Higginson
Directors
Financial statements approved by the Board on 11 April 2005.
36 Tesco PLC
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