Tesco 2012 Annual Report Download - page 96

Download and view the complete annual report

Please find page 96 of the 2012 Tesco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 158

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158

Group balance sheet
notes
25 February
2012
£m
26 February
2011*
£m
Non-current assets
Goodwill and other intangible assets 10 4,618 4,338
Property, plant and equipment 11 25,710 24,398
Investment property 12 1,991 1,863
Investments in joint ventures and associates 13 423 316
Other investments 14 1,526 938
Loans and advances to customers 17 1,901 2,127
Derivative financial instruments 21 1,726 1,139
Deferred tax assets 623 48
37,918 35,167
Current assets
Inventories 15 3,598 3,162
Trade and other receivables 16 2,657 2,330
Loans and advances to customers 17 2,502 2,514
Derivative financial instruments 21 41 148
Current tax assets 74
Short-term investments 1,243 1,022
Cash and cash equivalents 18 2,305 2,428
12,353 11,608
Assets of the disposal group and non-current assets classified as held for sale 7510 431
12,863 12,039
Current liabilities
Trade and other payables 19 (11,234) (10,484)
Financial liabilities:
Borrowings 20 (1,838) (1,386)
Derivative financial instruments and other liabilities 21 (128) (255)
Customer deposits and deposits by banks 23 (5,465) (5,110)
Current tax liabilities (416) (432)
Provisions 24 (99) (64)
(19,180) (17,731)
Liabilities of the disposal group classified as held for sale 7(69) –
Net current liabilities (6,386) (5,692)
Non-current liabilities
Financial liabilities:
Borrowings 20 (9,911) (9,689)
Derivative financial instruments and other liabilities 21 (688) (600)
Post-employment benefit obligations 26 (1,872) (1,356)
Deferred tax liabilities 6(1,160) (1,094)
Provisions 24 (100) (113)
(13,731) (12,852)
Net assets 17,801 16,623
Equity
Share capital 27 402 402
Share premium 4,964 4,896
Other reserves 40 40
Retained earnings 12,369 11,197
Equity attributable to owners of the parent 17,775 16,535
Non-controlling interests 26 88
Total equity 17,801 16,623
* See Note 1 Accounting policies for details of reclassifications.
The notes on pages 95 to 141 form part of these financial statements.
Philip Clarke
Laurie McIlwee
Directors
The financial statements on pages 90 to 141 were authorised for issue by the Directors on 4 May 2012 and are subject to the approval of the
shareholders at the Annual General Meeting on 29 June 2012.
92 Tesco PLC Annual Report and Financial Statements 2012