Preliminary results for the 52 weeks ended 2 February 2008
Consolidated balance sheet
As at 2 February 2008
| £ millions | Notes | 2007/08 | 2006/07 |
|---|---|---|---|
| Non-current assets | |||
| Goodwill | 2,532 | 2,552 | |
| Other intangible assets | 85 | 89 | |
| Property, plant and equipment | 3,698 | 3,211 | |
| Investment property | 29 | 29 | |
| Investments in joint ventures and associates | 204 | 185 | |
| Post employment benefits | 8 | 110 | - |
| Deferred tax assets | 25 | 30 | |
| Derivative financial instruments | 66 | 29 | |
| Other receivables | 13 | 18 | |
| 6,762 | 6,143 | ||
| Current assets | |||
| Inventories | 1,873 | 1,531 | |
| Trade and other receivables | 533 | 495 | |
| Current tax assets | 1 | 15 | |
| Other investments | 11 | 28 | |
| Derivative financial instruments | 5 | 10 | |
| Cash and cash equivalents | 218 | 395 | |
| 2,641 | 2,474 | ||
| Total assets | 9,403 | 8,617 | |
| Current liabilities | |||
| Trade and other payables | (2,238) | (1,953) | |
| Current tax liabilities | (89) | (87) | |
| Derivative financial instruments | (10) | (5) | |
| Borrowings | (191) | (242) | |
| Provisions | (47) | (56) | |
| (2,575) | (2,343) | ||
| Non-current liabilities | |||
| Other payables | (32) | (4) | |
| Deferred tax liabilities | (318) | (263) | |
| Derivative financial instruments | (52) | (46) | |
| Borrowings | (1,620) | (1,432) | |
| Provisions | (49) | (53) | |
| Post employment benefits | 8 | (33) | (55) |
| (2,104) | (1,853) | ||
| Total liabilities | (4,679) | (4,196) | |
| Net assets | 4,724 | 4,421 | |
| Equity | |||
| Share capital | 371 | 371 | |
| Share premium | 2,188 | 2,185 | |
| Own shares held | (66) | (81) | |
| Reserves | 9 | 2,220 | 1,939 |
| Minority interests | 11 | 7 | |
| Total equity | 4,724 | 4,421 | |
The financial statements were approved by the Board of Directors on 26 March 2008 and signed on its behalf by:
