Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Diageo PLC, consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions, translated from GBP £

	Jun 30, 2014	Jun 30, 2013	Jun 30, 2012	Jun 30, 2011	Jun 30, 2010	Jun 30, 2009
Borrowings due within one year and bank overdrafts	2,662)	3,079)	2,000)	2,248)	903)	1,439)
Other financial liabilities	247)	202)	184)	140)	286)	356)
Trade payables	1,525)	1,821)	1,753)	1,532)	1,298)	1,059)
Interest payable	171)	295)	288)	297)	—)	—)
Tax and social security excluding income tax	834)	883)	807)	634)	499)	474)
Other payables	834)	660)	576)	601)	916)	904)
Accruals	1,326)	1,662)	1,423)	1,316)	1,313)	1,077)
Deferred income	39)	31)	28)	30)	—)	—)
Trade and other payables	4,729)	5,353)	4,874)	4,410)	4,025)	3,513)
Liabilities held for sale	—)	—)	—)	16)	15)	—)
Corporate tax payable	333)	373)	516)	592)	602)	860)
Provisions	223)	181)	207)	232)	239)	278)
Current liabilities	8,193)	9,188)	7,780)	7,637)	6,070)	6,446)
Borrowings due after one year	12,900)	13,644)	12,033)	10,485)	12,586)	12,425)
Other financial liabilities	755)	784)	758)	228)	239)	160)
Tax and social security excluding income tax	5)	—)	—)	—)	—)	—)
Other payables	137)	172)	117)	45)	97)	49)
Deferred income	17)	23)	21)	19)	20)	—)
Other payables	159)	196)	138)	64)	117)	49)
Provisions	427)	424)	446)	413)	489)	508)
Deferred tax liabilities	2,305)	2,456)	2,316)	1,207)	1,145)	1,004)
Post employment benefit liabilities	1,226)	1,432)	1,800)	1,395)	1,930)	2,302)
Non-current liabilities	17,772)	18,936)	17,491)	13,793)	16,506)	16,448)
Total liabilities	25,965)	28,124)	25,271)	21,429)	22,577)	22,894)
Share capital	1,346)	1,321)	1,296)	1,238)	1,227)	1,289)
Share premium	2,272)	2,227)	2,186)	2,087)	2,066)	2,170)
Other reserves	3,788)	5,227)	5,225)	5,127)	4,995)	5,306)
Retained earnings (deficit)	4,118)	2,885)	381)	(303)	(2,119)	(3,557)
Equity attributable to equity shareholders of the parent company	11,523)	11,661)	9,088)	8,149)	6,167)	5,208)
Non-controlling interests	1,295)	1,775)	1,989)	1,150)	1,199)	1,156)
Total equity	12,819)	13,436)	11,077)	9,299)	7,366)	6,364)
Total liabilities and equity	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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Diageo PLC current liabilities increased from 2012 to 2013 but then slightly decreased from 2013 to 2014 not reaching 2012 level.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Diageo PLC non-current liabilities increased from 2012 to 2013 but then slightly decreased from 2013 to 2014 not reaching 2012 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Diageo PLC total liabilities increased from 2012 to 2013 but then slightly decreased from 2013 to 2014 not reaching 2012 level.
Equity attributable to equity shareholders of the parent company	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Diageo PLC equity attributable to equity shareholders of the parent company increased from 2012 to 2013 but then slightly decreased from 2013 to 2014.

Diageo PLC (NYSE:DEO)

Balance Sheet: Liabilities and Stockholders’ Equity