Group balance sheet

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  Notes 52 weeks
2017
£m
52 weeks
2016
£m
Cash flows generated from/(used in) operating activities      
Operating profit/ (loss) of continuing operations   1,017 1,072
Operating profit/ (loss) of discontinued operations   (117) 102
Depreciation and amortisation   1,304 1,334
(Profit)/Loss arising on sale of property, plant and equipment and intangible assets   (78) 164
(Profit)/Loss arising on sale of subsidiaries and other investments   3 -
(Profit)/Loss arising on sale of joint ventures and associates   (5) (1)
Impairment loss on goodwill   46 18
Net impairment loss/(reversal) on other investments   (12) (7)
Net impairment loss/(reversal) on loans/ investments in joint ventures and associates   - 1
Net impairment loss/(reversal) on property, plant and equipment, software and intangible assets   (5) 182
Adjustment for non-cash element of pensions charge 27 7 (395)
Additional contribution into pension schemes 27 (248) (223)
Share-based payments   15 283
Tesco Bank fair value movements included in operating profit   98 72
Retail (increase)/decrease in inventories   124 251
Retail (increase)/decrease in development stock   16 99
Retail (increase)/ decrease in trade and other receivables   (74)  20
Retail increase/ (decrease) in trade and other payables   510 260
Retail increase/ decrease)/ increase in provisions   11 (280)
Tesco Bank (increase)/decrease in loans and advances to customers   (1,529) (868) 
Tesco Bank (increase)/decrease in trade and other receivables   (24) (78)
Tesco Bank increase/(decrease) in customer and bank deposits, trade and other payables   1,474 463
Tesco Bank increase/(decrease) in provisions   25 (35)
(Increase)/ decrease in working capital   533 (168)
Cash generated from/(used in) operations   2,558 2,434
Interest received/(paid)   (522) (426)
Corporation tax received/(paid)   (47) 118
Net cash generated from/(used in) operating activities   1,989 2,126
Cash flows from/(used in) investing activities      
Purchase of property, plant and equipment, investment property and non-current assets classified as held for sale   (1,205) (871)
Purchase of intangible assets   (169) (167)
Disposal of subsidiaries, net of cash disposed 31  205 3,237
Acquisition of subsidiaries, net of cash acquired 31 (25) (325)
Proceeds from sale of joint ventures and associates   - 192
Proceeds from sale of property, plant and equipment, investment property, intangible assets and non-current assets classified as held for sale   512 350
Net (increase)/ decrease in loans to joint ventures and associates   15 (1)
Investments in joint ventures and associates   -  (77)
Net (investments in)/ proceeds from sale of short-term investments   736 (2,894)
Net (investments in)/ proceeds from sale of other investments   141 (103)
Dividends received from joint ventures and associates   28 41
Interest received/(paid)   41 3
Net cash generated from/(used in) investing activities   279 (615)
Cash flows generated from/(used in) financing activities      
Proceeds from issue of ordinary share capital 28 1 1
Increase in borrowings   185 586
Repayment of borrowings   (2,036) (1,328)
Net cash flows from derivative financial instruments   475 154
Repayments of obligations under finance leases   (12) (17)
Dividends paid to equity owners 8 -
Net cash genrated from/(used in) financing activities   (1,387) (604)
Net increase/(decrease) in cash and cash equivalents   881 907
Cash and cash equivalents at beginning of the year   3,082 2,174
Effect of foreign exchange rate changes   (131) 1
Cash and cash equivalents including cash held in disposal groups at the end of the year   3,832 3,082
Cash held in disposal groups 7 (11) -
Cash and cash equivalents at the end of the year 18 3,821 3,082

The notes on pages 91 to 149 form part of these financial statements.