Diageo is a United Kingdom (UK) consumer products firm, best known in the United States for the

Question:

Diageo is a United Kingdom (UK) consumer products firm, best known in the United States for the following brand names: Smirnoff, Johnnie Walker, J&B, Gordon's, Seagram's, and Guinness. Diageo's 2009 consolidated follows.
Diageo
Consolidated June 2009
(In millions of pounds)
Non-current assets
. . . . . . . . . . . . . . . . . . . . . . .... . . . . . . . . . . . . . . . . . . . . . . . . 6,215
Property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,268
Biological assets . . . . . . . . . . . . . . . . . . . . . . . . ....... . . . . . . . . . . . . . . . . . . . . . . 37
Investments in associates. . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . . . . 2,045
Other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... . . . . . . . . . . . . . . . . . 231
Other receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... . . . . . . . . . . . . . . . 18
Other financial assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... . . . . . . . . . . . . 364
Deferred tax assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... . . . . . . . . . . 672
Post employment benefit assets . . . . . . . . . . . . . . . . . . . . . . . . . . . .... . . . . . . . . 41
11,891
Current assets
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 3,162
Trade and other receivables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2,031
Other financial assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... . 98
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . 914
6,205
Total assets 18,096
Current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Borrowings and bank overdrafts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (890)
Other financial liabilities . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . (220)
Trade and other payables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,173)
Corporate tax payable . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . (532)
Provisions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . . . . (172)
(3,987)
Non-current liabilities
Borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . (7,685)
Other financial liabilities . . . . . . . . . . . . . . . .... . . . . . . . . . . . . . . . . . . . . . . . . . . (99)
Other payables . . . . . . . . . . . . . . . . . . . . . . . . ..... . . . . . . . . . . . . . . . . . . . . . . . . (30)
Provisions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... . . . . . . . . . . . . . . . . . . . . . . (314)
Deferred tax liabilities . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . (621)
Post employment benefit liabilities. . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . (1,424)
(10,173)
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (14,160)
Net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,936
Equity
Called up share capital . . . . . . . . . . . . . . . ... . ... . . . . . . . . . . . . . . . . . . . . . . . . . 797
Share premium. . . . . . . . . . . . . . . . . . . . . . .. . ... . . . . . . . . . . . . . . . . . . . . . . . . 1,342
Other reserves . . . . . . . . . . . . . . . . . . . . . . . .... . . . . . . . . . . . . . . . . . . . . . . . . . 3,282
Retained deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,200)
Equity attributable to equity shareholders of the parent company . . . . . . . . . . . 3,221
Minority interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... 715
Total equity . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . . . . . . . . . . . . .. 3,936
Re-create Diageo's June 30, 2009, using U.S. terminology and a standard U.S. format?
Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...