Group balance sheet
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| Notes | 24 February 2018 £m |
25 February 2017 £m |
|
|---|---|---|---|
| Non-current assets | |||
| Goodwill, software and other intangible assets | 10 | 2,661 | 2,717 |
| Property, plant and equipment | 11 | 18,521 | 18,108 |
| Investment property | 12 | 100 | 64 |
| Investments in joint ventures and associates | 13 | 689 | 739 |
| Other investments | 14 | 860 | 823 |
| Trade and other receivables | 16 | 186 | 180 |
| Loans and advances to customers | 17 | 6,885 | 5,795 |
| Derivative financial instruments | 22 | 1,117 | 1,303 |
| Deferred tax assets | 6 | 117 | 707 |
| 31,136 | 30,436 | ||
| Current assets | |||
| Other investments | 14 | 68 | 284 |
| Inventories | 15 | 2,263 | 2,301 |
| Trade and other receivables | 16 | 1,482 | 1,475 |
| Loans and advances to customers | 17 | 4,637 | 4,166 |
| Derivative financial instruments | 22 | 27 | 286 |
| Current tax assets | 12 | 13 | |
| Short-term investments | 18 | 1,029 | 2,727 |
| Cash and cash equivalents | 18 | 4,059 | 3,821 |
| 13,577 | 15,073 | ||
| Assets of the disposal group and non-current assets classified as held for sale | 7 | 149 | 344 |
| 13,726 | 15,417 | ||
| Current liabilities | |||
| Trade and other payables | 19 | (8,996) | (8,875) |
| Borrowings | 21 | (1,479) | (2,560) |
| Derivative financial instruments | 22 | (69) | (61) |
| Customer deposits and deposits from banks | 24 | (7,812) | (6,687) |
| Current tax liabilities | 6 | (335) | (613) |
| Provisions | 25 | (547) | (438) |
| (19,238) | (19,234) | ||
| Liabilities of the disposal group classified as held for sale | 7 | – | (171) |
| Net current liabilities | (5,512) | (3,988) | |
| Non-current liabilities | |||
| Trade and other payables | 19 | (364) | (324) |
| Borrowings | 21 | (7,142) | (9,433) |
| Derivative financial instruments | 22 | (594) | (607) |
| Customer deposits and deposits from banks | 24 | (2,972) | (2,276) |
| Post-employment benefit obligations | 27 | (3,282) | (6,621) |
| Deferred tax liabilities | 6 | (91) | (88) |
| Provisions | 25 | (721) | (685) |
| (15,166) | (20,034) | ||
| Net assets | 10,458 | 6,414 | |
| Equity | |||
| Share capital | 28 | 410 | 409 |
| Share premium | 5,107 | 5,096 | |
| All other reserves | 735 | 601 | |
| Retained earnings | 4,228 | 332 | |
| Equity attributable to owners of the parent | 10,480 | 6,438 | |
| Non-controlling interests | (22) | (24) | |
| Total equity | 10,458 | 6,414 | |
The notes on pages 79 to 131 form part of these financial statements.
Dave Lewis
Alan Stewart
Directors
The financial statements on pages 74 to 131 were authorised for issue by the Directors on 10 April 2018 and are subject to the approval of the shareholders at the AGM on 15 June 2018.
