PLC | Investors

Group balance sheet

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Notes
29 February 2020
£m
23 February 2019 (*restated)
£m
25 February 2018 (*restated)
£m
Non-current assets                               
Goodwill and other intangible assets 10 6,119 6,264 2,661
Property, plant and equipment 11 19,234 19,186 18,712
Right of use assets 12 6,874 7,713 7,527
Investment property 13 26 36 100
Investments in joint ventures and associates 14 307 602 597
Financial assets at fair value through other comprehensive income 16 866 979 860
Trade and other receivables 18 166 243 217
Loans and advances to customers and banks 19 4,171 7,868 6,885
Derivative financial instruments 25 1,083 1,178 1,117
Deferred tax assets 6 292 251 401
                                                                                                                                                                                39,138 44,320 39,077
Current assets        
Financial assets at fair value through other comprehensive income 16 202 67 68
Inventories 17 2,433 2,617 2,264
Trade and other receivables 18 1,396 1,550 1,415
Loans and advances to customers and banks 19 4,280 4,882 4,637
Derivative financial instruments 25 63 52 27
Current tax assets   21 6 12
Short-term investments 20 1,076 390 1,029
Cash and cash equivalents 20 3,408 2,916 4,059
    12,879 12,480 13,511
Assets classified as held for sale 7 285 98 149
                                                                                                                                                                               13,164 12,578 13,660
Current liabilities        
Trade and other payables 21 (8,922) (9,131) (8,773)
Borrowings 23 (1,490) (1,563) (1,467)
Lease liabilities 12 (598) (646) (712)
Derivative financial instruments 25 (61) (250) (69)
Customer deposits and deposits from banks 26 (6,377) (8,832) (7,812)
Current tax liabilities   (324) (325) (335)
Provisions 27 (155) (226) (416)
                                                                                                                                                                               (17,927) (20,973) (19,584)
Net current liabilities                                                                                                                                           (4,763) (8,395) (5,924)
Non-current liabilities        
Trade and other payables 21 (170) (365) (364)
Borrowings 23 (6,005) (5,580) (7,032)
Lease liabilities 12 (8,968) (9,859) (9,560)
Derivative financial instruments 25 (887) (389) (594)
Customer deposits and deposits from banks 26 (1,830) (3,296) (2,972)
Post-employment benefit obligations 29 (3,085) (2,808) (3,282)
Deferred tax liabilities 6 (40) (49) (82)
Provisions 27 (137) (147) (129)
                                                                                                                                                                               (21,122) (22,493) (24,015)
Net assets                                                                                                                                                              13,253 13,432 9,138
Equity        
Share capital 30 490 490 410
Share premium   5,165 5,165 5,107
All other reserves   3,658 3,770 717
Retained earnings   3,962 4,031 2,926
Equity attributable to owners of the parent   13,275 13,456 9,160
Non-controlling interests   (22) (24) (22)
Total equity                                                                                                                                                           13,253 13,432 9,138

 

*Restated for the adoption of IFRS 16 as explained in Note 1 and Note 37.

The notes on pages 84 to 147 form part of these financial statements.

Dave Lewis

Alan Stewart

Directors

The financial statements on pages 78 to 147 were approved and authorised for issue by the Directors on 7 April 2020.