Balance sheet format and terminology Set out below is the consolidated balance sheet at 23 February 2002 of Tesco plc, a large UK retailer:

£m Fixed assets Intangible assets 154 Tangible assets 11,032 Investments 317 11,503 Current assets Stocks 929 Debtors (of which 81 due after more than one year) 454 Investments 225 Cash at bank and in hand 445 2,053 Creditors falling due within one year (4,809)

Net current liabilities (2,756)

Total assets less current liabilities 8,747 Creditors falling due after more than one year (2,741)

Provisions for liabilities and charges (440)

Net assets 5,566 Capital and reserves Called up share capital 350 Share premium account 2,004 Other reserves 40 Profit and loss account 3,136 Equity shareholders’ funds 5,530 Minority interests 36 Total capital employed 5,566 Required You want to compare Tesco’s balance sheet with that of a large non-UK retailer which uses a US-style format and US terminology in the English-language version of its annual accounts. To do so, you have to make certain adjustments to the format and wording of Tesco’s balance sheet. As part of this exercise, determine the following balances at 23 February 2002:

(a) total assets;

(b) working capital;

(c) equity attributable to parent company’s shareholders;

(d) retained earnings.

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