Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Diageo PLC, consolidated balance sheet: assets

US$ in millions, translated from GBP £

	Jun 30, 2014	Jun 30, 2013	Jun 30, 2012	Jun 30, 2011	Jun 30, 2010	Jun 30, 2009
Intangible assets	13,327)	14,995)	14,345)	10,169)	10,352)	10,049)
Property, plant and equipment	5,798)	5,747)	4,833)	3,965)	3,700)	3,667)
Biological assets	90)	60)	55)	51)	46)	60)
Investments in associates and joint ventures	5,406)	4,049)	3,575)	3,706)	3,171)	3,306)
Other investments	106)	683)	158)	158)	180)	373)
Other receivables	159)	171)	176)	168)	165)	19)
Prepayments	22)	41)	18)	16)	12)	10)
Other receivables	181)	212)	194)	183)	177)	29)
Other financial assets	422)	651)	821)	474)	726)	589)
Deferred tax assets	415)	403)	535)	802)	814)	1,086)
Post employment benefit assets	424)	517)	36)	93)	75)	66)
Non-current assets	26,170)	27,317)	24,552)	19,602)	19,243)	19,226)
Inventories	7,131)	6,997)	6,432)	5,396)	5,050)	5,112)
Trade receivables	3,385)	3,409)	2,844)	2,332)	2,301)	2,535)
Interest receivable	34)	31)	31)	70)	—)	—)
Other receivables	483)	399)	268)	420)	559)	404)
Prepayments	240)	214)	231)	202)	231)	344)
Accrued income	79)	63)	46)	48)	—)	—)
Trade and other receivables	4,221)	4,117)	3,420)	3,072)	3,091)	3,284)
Assets held for sale	14)	85)	125)	59)	172)	—)
Other financial assets	199)	108)	68)	138)	151)	158)
Cash and cash equivalents	1,050)	2,937)	1,750)	2,461)	2,236)	1,478)
Current assets	12,614)	14,243)	11,795)	11,126)	10,700)	10,032)
Total assets	38,784)	41,559)	36,347)	30,729)	29,943)	29,258)

Based on: 20-F (reporting date: 2014-06-30), 20-F (reporting date: 2013-06-30), 20-F (reporting date: 2012-06-30), 20-F (reporting date: 2011-06-30), 20-F (reporting date: 2010-06-30), 20-F (reporting date: 2009-06-30).

Assets: Selected Items

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Balance sheet item	Description	The company
Property, plant and equipment	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Diageo PLC property, plant and equipment increased from 2012 to 2013 and from 2013 to 2014.
Non-current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Diageo PLC non-current assets increased from 2012 to 2013 but then slightly decreased from 2013 to 2014.
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Diageo PLC current assets increased from 2012 to 2013 but then slightly decreased from 2013 to 2014 not reaching 2012 level.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Diageo PLC total assets increased from 2012 to 2013 but then slightly decreased from 2013 to 2014 not reaching 2012 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Diageo PLC inventories increased from 2012 to 2013 and from 2013 to 2014.
Trade receivables	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Diageo PLC trade receivables increased from 2012 to 2013 but then slightly decreased from 2013 to 2014.
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Diageo PLC cash and cash equivalents increased from 2012 to 2013 but then decreased significantly from 2013 to 2014.

Diageo PLC (NYSE:DEO)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items