Preliminary results for the year ended 30 January 2010
Consolidated balance sheet
At 30 January 2010
| £ millions | Notes | 2009/10 | 2008/09 |
|---|---|---|---|
| Non-current assets | |||
| Goodwill | 2,395 | 2,396 | |
| Other intangible assets | 70 | 73 | |
| Property, plant and equipment | 3,612 | 3,699 | |
| Investment property | 24 | 24 | |
| Investments in joint ventures and associates | 234 | 219 | |
| Deferred tax assets | 27 | 26 | |
| Derivatives | 81 | 180 | |
| Other receivables | 22 | 17 | |
| 6,465 | 6,634 | ||
| Current assets | |||
| Inventories | 1,545 | 1,792 | |
| Trade and other receivables | 494 | 508 | |
| Derivatives | 24 | 107 | |
| Current tax assets | 58 | 33 | |
| Cash and cash equivalents | 1,260 | 1,157 | |
| 3,381 | 3,597 | ||
| Total assets | 9,846 | 10,231 | |
| Current liabilities | |||
| Trade and other payables | (2,374) | (2,362) | |
| Borrowings | (647) | (389) | |
| Derivatives | (25) | (38) | |
| Current tax liabilities | (348) | (206) | |
| Provisions | (36) | (69) | |
| (3,430) | (3,064) | ||
| Non-current liabilities | |||
| Other payables | (74) | (33) | |
| Borrowings | (883) | (1,907) | |
| Derivatives | (47) | (76) | |
| Deferred tax liabilities | (197) | (226) | |
| Provisions | (62) | (53) | |
| Post employment benefits | 9 | (198) | (74) |
| (1,461) | (2,369) | ||
| Total liabilities | (4,891) | (5,433) | |
| Net assets | 4,955 | 4,798 | |
| Equity | |||
| Share capital | 371 | 371 | |
| Share premium | 2,191 | 2,188 | |
| Own shares held | (54) | (57) | |
| Retained earnings | 1,921 | 1,768 | |
| Other reserves | 516 | 513 | |
| Total attributable to equity shareholders of the Company | 4,945 | 4,783 | |
| Minority interests | 10 | 15 | |
| Total equity | 4,955 | 4,798 |
The financial statements were approved by the Board of Directors on 24 March 2010 and signed on its behalf by:
Ian Cheshire
Group Chief Executive
Kevin O'Byrne
Group Finance Director
