PLC | Investors

Group balance sheet

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Notes
27 February 2021
£m
29 February 2020*
£m
23 February 2019 *
£m
Non-current assets                               
Goodwill and other intangible assets 10 5,393 6,078 6,223
Property, plant and equipment 11 17,211 19,234 19,186
Right of use assets 12 5,951 6,874 7,713
Investment property 13 19 26 36
Investments in joint ventures and associates 14 178 307 602
Financial assets at fair value through other comprehensive income 16 11 866 979
Investment securities at amortised cost 16 752
Trade and other receivables 18 170 166 243
Loans and advances to customers and banks 19 3,309 4,171 7,868
Derivative financial instruments 24 1,425 1,083 1,178
Deferred tax assets 6 552 449 408
    34,971 39,254 44,436
Current assets        
Financial assets at fair value through other comprehensive income 16 3 202 67
Investment securities at amortised cost 16 175
Inventories 17 2,069 2,433 2,617
Trade and other receivables 18 1,263 1,396 1,550
Loans and advances to customers and banks 19 3,093 4,280 4,882
Derivative financial instruments 24 37 63 52
Current tax assets 41 21 6
Short-term investments 20 1,011 1076 390
Cash and cash equivalents 20 2,510 4,137 4,227
    10,202 13,608 13,791
Assets of the disposal groups and non-current assets classified as held for sale 7 605 285 98
  10,807 13,893 13,889
Current liabilities        
Trade and other payables 21 (8,399) (8,922) (9,131)
Borrowings 23 (1,080) (2,219) (2,874)
Lease liabilities 12 (575) (598) (646)
Derivative financial instruments 24 (81) (61) (250)
Customer deposits and deposits from banks 26 (5,321) (6,377) (8,832)
Current tax liabilities (79) (324) (325)
Provisions 27 (186) (155) (226)
  (15,721) (18,656) (22,284)
Liabilities of the disposal groups classified as held for sale 7 (276)
Net current liabilities                                                                                                                                           (5,190) (4,763) (8,395)
Non-current liabilities        
Trade and other payables 21 (109) (170) (365)
Borrowings 23 (6,188) (6,005) (5,580)
Lease liabilities 12 (7,827) (8,968) (9,859)
Derivative financial instruments 24 (926) (887) (389)
Customer deposits and deposits from banks 26 (1,017) (1,830) (3,296)
Post-employment benefit obligations 29 (1,222) (3,085) (2,808)
Deferred tax liabilities 6 (48) (40) (49)
Provisions 27 (119) (137) (147)
  (17,456) (21,122) (22,493)
Net assets                                                                                                                                                              12,325 13,369 13,548
Equity        
Share capital 30 490 490 490
Share premium 5,165 5,165 5,165
All other reserves 3,183 3,658 3,770
Retained earnings 3,505 4,078 4,147
Equity attributable to owners of the parent   12,343 13,391 13,572
Non-controlling interests   (18) (22) (24)
Total equity                                                                                                                                                           12,325 13,369 13,548

 

The notes on pages 118 to 188 form part of these financial statements.

* Refer to Note 1 for further details regarding the prior year restatement.

Ken Murphy

Alan Stewart

Directors

The financial statements on pages 112 to 188 were approved and authorised for issue by the Directors on 13 April 2021.