Year ended February	1993	1994	1995	1996	1997
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Financial statistics £m
Turnover excluding VAT
UK	7,581	8,347	9,655	11,560	13,118
Rest of Europe	-	253	446	534	769
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	7,581	8,600	10,101	12,094	13,887
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Operating profit (1)
UK	496	513	600	713	760
Rest of Europe	-	8	17	11	14
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	496	521	617	724	774
Operating margin (2)
UK	6.5%	6.1%	6.2%	6.2%	5.8%
Rest of Europe	-	3.2%	3.8%	2.1%	1.8%
Total group	6.5%	6.1%	6.1%	6.0%	5.6%
Net interest (payable)/receivable	31	7	(22)	(43)	(24)
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Underlying profit (3)	527	528	595	681	750
Wm Low integration costs	-	-	(39)	-	-
Net loss on disposal of fixed assets (4)	(2)	(93)	(5)	(6)	-
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Profit before taxation	525	435	551	675	750
Taxation	(163)	(136)	(170)	(209)	(230)
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Profit after taxation	362	299	381	466	520
Underlying fully diluted earnings per share (3)	18.3p	18.8p	20.1p	21.9p	23.5p
Earnings per share	18.6p	15.2p	18.9p	22.2p	24.1p
Dividends per share	7.10p	7.75p	8.60p	9.60p	10.35p
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Net worth - £m (5)	2,693	2,749	3,104	3,588	3,890
Return on shareholders' funds (6)	20.7%	19.4%	20.3%	20.4%	20.1%
Return on capital employed (7)	16.7%	15.7%	16.2%	16.9%	17.1%
Net assets per share (8)	138p	140p	151p	167p	179p
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UK food retail productivity £
Turnover per employee (9)	130,612	138,658	140,842	143,335	146,326
Profit per employee (9)	8,545	8,522	8,752	8,841	8,478
Wages per employee (9)	13,172	13,922	13,941	13,948	14,222
Weekly sales per sq ft (10&11)	15.69	16.37	17.00	18.31	19.74
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UK food retail statistics
Market share in food & drink shops (12)	10.4%	10.7%	12.0%	13.7%	14.5%
Number of stores	412	430	519	545	568
Total sales area-'000 sq ft (11)	10,352	11,006	12,641	13,397	14,036
Sales area opened in year-'000 sq ft	859	790	830	685	603
Average store size (sales area)-sq ft (13)	25,200	25,700	24,900	25,600	26,300
Average sales area of stores opened in year-sq ft (13)	35,400	33,100	28,200	30,700	25,800
Full time equivalent employees (14)	58,046	60,199	68,552	80,650	89,649
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Share price - pence
Highest	293	260	255	338	370
Lowest	197.5	179	202	245	263
Year end	235	223.5	252	271	349
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Notes

1 Depreciation of freehold and long leasehold buildings was introduced with effect from 1993/94. In order to compare profits, earnings per share and returns on a consistent basis, a notional charge has been calculated as if buildings depreciation had been introduced from 1992/93. 2 Based upon turnover exclusive of VAT. 3 Underlying profit and fully diluted earnings per share is after charging notional buildings depreciation and excludes net loss on disposal of fixed assets and Wm Low integration costs. 4 Net loss on the disposal of fixed assets for 1994 includes £85m in respect of the write down of surplus development sites to their estimated net realisable value. 5 Total shareholders' funds at the year end. 6 Underlying profit divided by weighted average shareholders' funds. 7 Operating profit divided by average capital employed. 8 Based on number of shares at year end. 9 Based on turnover exclusive of VAT, operating profit and total staff cost per full-time equivalent employee. 10 Based on weighted average sales area and turnover inclusive of VAT excluding property development. 11 Store sizes exclude lobby and restaurant areas. 12 Based on Tesco food, grocery, non-food and drink sales and Institute of Grocery Distribution/Central Statistical Office data for the year to the previous December. The figures have all been restated following a change in the IGD market definition. The figure for 1997 is estimated. 13 Average store sizes exclude Metro and Express stores. 14 Based on average number of full-time equivalent employees in the United Kingdom.