Preliminary results for the year ended 29 January 2011
Consolidated balance sheet
At 29 January 2011
| £ millions | Notes | 2010/11 | 2009/10 |
|---|---|---|---|
| Non-current assets | |||
| Goodwill | 2,395 | 2,395 | |
| Other intangible assets | 86 | 70 | |
| Property, plant and equipment | 3,632 | 3,612 | |
| Investment property | 32 | 24 | |
| Investments in joint ventures and associates | 259 | 234 | |
| Deferred tax assets | 27 | 27 | |
| Derivatives | 62 | 81 | |
| Other receivables | 15 | 22 | |
| 6,508 | 6,465 | ||
| Current assets | |||
| Inventories | 1,791 | 1,545 | |
| Trade and other receivables | 513 | 494 | |
| Derivatives | 15 | 24 | |
| Current tax assets | 45 | 58 | |
| Cash and cash equivalents | 731 | 1,260 | |
| 3,095 | 3,381 | ||
| Total assets | 9,603 | 9,846 | |
| Current liabilities | |||
| Trade and other payables | (2,519) | (2,374) | |
| Borrowings | (196) | (647) | |
| Derivatives | (11) | (25) | |
| Current tax liabilities | (372) | (348) | |
| Provisions | (27) | (36) | |
| (3,125) | (3,430) | ||
| Non-current liabilities | |||
| Other payables | (76) | (74) | |
| Borrowings | (577) | (883) | |
| Derivatives | (17) | (47) | |
| Deferred tax liabilities | (238) | (197) | |
| Provisions | (52) | (62) | |
| Post employment benefits | 9 | (58) | (198) |
| (1,018) | (1,461) | ||
| Total liabilities | (4,143) | (4,891) | |
| Net assets | 5,460 | 4,955 | |
| Equity | |||
| Share capital | 371 | 371 | |
| Share premium | 2,194 | 2,191 | |
| Own shares held | (42) | (54) | |
| Retained earnings | 2,390 | 1,921 | |
| Other reserves | 539 | 516 | |
| Total attributable to equity shareholders of the Company | 5,452 | 4,945 | |
| Non-controlling interests | 8 | 10 | |
| Total equity | 5,460 | 4,955 |
The financial statements were approved by the Board of Directors on 23 March 2011 and signed on its behalf by:
Ian Cheshire
Group Chief Executive
Kevin O'Byrne
Group Finance Director
