Group balance sheet
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| Notes | 27 February 2016 £m |
28 February 2015 £m |
|
|---|---|---|---|
| Non-current assets | |||
| Goodwill and other intangible assets | 10 | 2,874 | 3,771 |
| Property, plant and equipment | 11 | 17,900 | 20,440 |
| Investment property | 12 | 78 | 164 |
| Investments in joint ventures and associates | 13 | 785 | 940 |
| Other investments | 14 | 1,135 | 975 |
| Loans and advances to customers | 17 | 4,723 | 3,906 |
| Derivative financial instruments | 21 | 1,532 | 1,546 |
| Deferred tax assets | 6 | 49 | 514 |
| 29,076 | 32,256 | ||
| Current assets | |||
| Inventories | 15 | 2,430 | 2,957 |
| Trade and other receivables | 16 | 1,607 | 2,121 |
| Loans and advances to customers | 17 | 3,819 | 3,814 |
| Derivative financial instruments | 21 | 176 | 153 |
| Current tax assets | 15 | 16 | |
| Short-term investments | 18 | 3,463 | 593 |
| Cash and cash equivalents | 18 | 3,082 | 2,165 |
| 14,592 | 11,819 | ||
| Assets of the disposal groups and non-current assets classified as held for sale | 7 | 236 | 139 |
| 14,828 | 11,958 | ||
| Current liabilities | |||
| Trade and other payables | 19 | (8,568) | (9,922) |
| Borrowings | 20 | (2,826) | (2,008) |
| Derivative financial instruments and other liabilities | 21 | (62) | (89) |
| Customer deposits and deposits from banks | 23 | (7,479) | (7,020) |
| Current tax liabilities | 6 | (419) | (95) |
| Provisions | 24 | (360) | (671) |
| (19,714) | (19,805) | ||
| Liabilities of the disposal groups classified as held for sale | 7 | – | (5) |
| Net current liabilities | (4,886) | (7,852) | |
| Non-current liabilities | |||
| Borrowings | 20 | (10,711) | (10,651) |
| Derivative financial instruments and other liabilities | 21 | (889) | (946) |
| Post-employment benefit obligations | 26 | (3,175) | (4,842) |
| Deferred tax liabilities | 6 | (135) | (199) |
| Provisions | 24 | (664) | (695) |
| (15,574) | (17,333) | ||
| Net assets | 8,616 | 7,071 | |
| Equity | |||
| Share capital | 27 | 407 | 406 |
| Share premium | 5,095 | 5,094 | |
| All other reserves | (141) | (414) | |
| Retained earnings | 3,265 | 1,985 | |
| Equity attributable to owners of the parent | 8,626 | 7,071 | |
| Non-controlling interests | (10) | – | |
| Total equity | 8,616 | 7,071 |
The notes on pages 90 to 141 form part of these financial statements.
Dave Lewis
Alan Stewart
Directors
The financial statements on pages 85 to 141 were authorised for issue by the Directors on 12 April 2016 and are subject to the approval of the shareholders at the Annual General Meeting on 23 June 2016.
