Group balance sheet
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| Notes | 23 February 2019 £m |
24 February 2018 (restated*) £m |
|
|---|---|---|---|
| Non-current assets | |||
| Goodwill and other intangible assets | 10 | 6,264 | 2,661 |
| Property, plant and equipment | 11 | 19,023 | 18,521 |
| Investment property | 12 | 36 | 100 |
| Investments in joint ventures and associates | 13 | 704 | 689 |
| Financial assets at fair value through other comprehensive income | 14 | 979 | 860 |
| Trade and other receivables | 16 | 195 | 186 |
| Loans and advances to customers and banks | 17 | 7,868 | 6,885 |
| Derivative financial instruments | 23 | 1,178 | 1,117 |
| Deferred tax assets | 6 | 132 | 116 |
|
36,379
|
31,135 | ||
| Current assets | |||
| Financial assets at fair value through other comprehensive income | 14 | 67 | 68 |
| Inventories | 15 | 2,617 | 2,264 |
| Trade and other receivables | 16 | 1,640 | 1,504 |
| Loans and advances to customers and banks | 17 | 4,882 | 4,637 |
| Derivative financial instruments | 23 | 52 | 27 |
| Current tax assets | 6 | 12 | |
| Short-term investments | 18 | 390 | 1,029 |
| Cash and cash equivalents | 18 | 2,916 | 4,059 |
| 12,570 | 13,600 | ||
| Non-current assets classified as held for sale | 7 | 98 | 149 |
| 12,668 | 13,749 | ||
| Current liabilities | |||
| Trade and other payables | 19 | (9,354) | (8,994) |
| Borrowings | 21 | (1,599) | (1,479) |
| Derivative financial instruments | 23 | (250) | (69) |
| Customer deposits and deposits from banks | 24 | (8,832) | (7,812) |
| Current tax liabilities | 6 | (325) | (335) |
| Provisions | 25 | (320) | (544) |
| (20,680) | (19,233) | ||
| Net current liabilities |
(8,012)
|
(5,484)
|
|
| Non-current liabilities | |||
| Trade and other payables | 19 | (384) | (364) |
| Borrowings | 21 | (5,673) | (7,142) |
| Derivative financial instruments | 23 | (389) | (594) |
| Customer deposits and deposits from banks | 24 | (3,296) | (2,972) |
| Post-employment benefit obligations | 27 | (2,808) | (3,282) |
| Deferred tax liabilities | 6 | (236) | (96) |
| Provisions | 25 | (747) | (721) |
| (13,533) | (15,171) | ||
| Net assets | 14,834 | 10,480 | |
| Equity | |||
| Share capital | 28 | 490 | 410 |
| Share premium | 5,165 | 5,107 | |
| All other reserves | 3,798 | 735 | |
| Retained earnings | 5,405 | 4,250 | |
| Equity attributable to owners of the parent | 14,858 | 10,502 | |
| Non-controlling interests | (24) | (22) | |
| Total equity | 14,834 | 10,480 | |
The notes on pages 98 to 161 form part of these financial statements.
* Restated for the adoption of IFRS 15 as explained in Note 1 and Note 36.
Dave Lewis
Alan Stewart
Directors
The financial statements on pages 92 to 161 were approved and authorised for issue by the Directors on 9 April 2019.