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Interim results for the 26 weeks ended 31 July 2010

 

16 September 2010

 

Consolidated balance sheet (UNAUDITED)

As at 31 July 2010

£ millions Notes At 31 July 2010 At 1 August 2009 At 30 January 2010
Non-current assets        
Goodwill   2,394 2,396 2,395
Other intangible assets   69 78 70
Property, plant and equipment   3,503 3,609 3,612
Investment property   25 23 24
Investments in joint ventures and associates   237 223 234
Deferred tax assets   25 64 27
Derivatives   103 131 81
Other receivables   22 19 22
    6,378 6,543 6,465
Current assets        
Inventories   1,743 1,683 1,545
Trade and other receivables   504 450 494
Derivatives   34 12 24
Current tax assets   39 48 58
Cash and cash equivalents   1,380 963 1,260
    3,700 3,156 3,381
Total assets   10,078 9,699 9,846
         
Current liabilities        
Trade and other payables   (2,625) (2,313) (2,374)
Borrowings   (571) (228) (647)
Derivatives   (8) (16) (25)
Current tax liabilities   (381) (216) (348)
Provisions   (19) (37) (36)
    (3,604) (2,810) (3,430)
Non-current liabilities        
Other payables   (66) (57) (74)
Borrowings   (875) (1,522) (883)
Derivatives   (23) (61) (47)
Deferred tax liabilities   (205) (208) (197)
Provisions   (70) (65) (62)
Post-employment benefits 11 (125) (244) (198)
    (1,364) (2,157) (1,461)
Total liabilities   (4,968) (4,967) (4,891)
         
Net assets   5,110 4,732 4,955
         
Equity        
Share capital   371 371 371
Share premium   2,191 2,188 2,191
Own shares held   (46) (51) (54)
Retained earnings   2,138 1,754 1,921
Other reserves 12 448 459 516
Total attributable to equity shareholders of the Company   5,102 4,721 4,945
Minority interests   8 11 10
Total equity   5,110 4,732 4,955

The interim financial report was approved by the Board of Directors on 15 September 2010 and signed on its behalf by:

Ian Cheshire, Group Chief Executive

Kevin O’Byrne, Group Finance Director