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Interim results for the 26 weeks ended 30 July 2011

 

15 September 2011

 

Consolidated balance sheet (UNAUDITED)

£ millions Notes At
30 July 2011
At
31 July 2010
At
29 January 2011
Non-current assets        
Goodwill   2,398 2,394 2,395
Other intangible assets   98 69 86
Property, plant and equipment   3,754 3,503 3,632
Investment property   40 25 32
Investments in joint ventures and associates   266 237 259
Deferred tax assets   24 25 27
Derivatives   56 103 62
Other receivables 19 22 15
    6,655 6,378 6,508
Current assets        
Inventories   1,956 1,743 1,791
Trade and other receivables   574 504 513
Derivatives   11 34 15
Current tax assets   38 39 45
Cash and cash equivalents 594 1,380 731
3,173 3,700 3,095
Total assets   9,828 10,078 9,603
         
Current liabilities        
Trade and other payables   (2,558) (2,625) (2,519)
Borrowings   (253) (571) (196)
Derivatives   (19) (8) (11)
Current tax liabilities (386) (381) (372)
Provisions   (26) (19) (27)
(3,242) (3,604) (3,125)
Non-current liabilities        
Other payables   (79) (66) (76)
Borrowings   (563) (875) (577)
Derivatives   (14) (23) (17)
Deferred tax liabilities   (262) (205) (238)
Provisions   (42) (70) (52)
Post employment benefits 11 (68) (125) (58)
(1,028) (1,364) (1,018)
Total liabilities   (4,270) (4,968) (4,143)
     
Net assets 5,558 5,110 5,460
         
Equity        
Share capital   372 371 371
Share premium   2,194 2,191 2,194
Own shares held   (138) (46) (42)
Retained earnings   2,567 2,138 2,390
Other reserves 12 556 448 539
Total attributable to equity shareholders of the Company   5,551 5,102 5,452
Non-controlling interests   7 8 8
Total equity   5,558 5,110 5,460

The interim financial report was approved by the Board of Directors on 14 September 2011 and signed on its behalf by:

Ian Cheshire, Group Chief Executive

Kevin O'Byrne, Group Finance Director