| Year ended February |
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1995 | |
1996 | |
1997 | |
1998 1 | |
1999 |
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Financial statistics £m Turnover excluding VAT UK Rest of Europe Thailand |
9,655 446 - |
11,560 534 - |
13,118 769 - |
14,971 1,481 - |
15,835 1,167 156 |
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| 10,101 |
12,094 | 13,887 | 16,452 | 17,158 | ||||||
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Operating profit 2 UK Rest of Europe Thailand |
600 17 - |
713 11 - |
760 14 - |
875 37 - |
919 48 (2) |
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| 617 | 724 | 774 | 912 | 965 | ||||||
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Operating margin 2 |
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UK Rest of Europe Thailand Total Group |
6.2% 3.8% - 6.1% |
6.2% 2.1% - 6.0% |
5.8% 1.8% - 5.6% |
5.8% 2.5% - 5.5% |
5.8% 4.1% (1.3)% 5.6% |
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Share of profit/(loss) from joint ventures Net interest payable |
- (22) |
- (43) |
- (24) |
(6) (74) |
6 (90) |
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Underlying profit 3 Wm Low/Ireland integration costs 4 Goodwill amortisation Loss on disposal of discontinued operations Net loss on disposal of fixed assets |
595 (39) - - (5) |
681 - - - (6) |
750 - - - - |
832 (63) - (8) (1) |
881 (26) (5) - (8) |
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Profit before taxation Taxation Minority interest |
551 (170) - |
675 (209) - |
750 (230) - |
760 (228) - |
842 (237) 1 |
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| Profit for
the financial year |
381 | 466 | 520 | 532 | 606 | |||||
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Adjusted diluted earnings per share 3 Earnings per share Dividend per share Net worth - £m 5 Return on shareholders' funds 6 Return on capital employed 7 Net assets per share 8 |
6.70p 6.90p 2.87p 3,104 20.3% 16.2% 50p |
7.30p 7.50p 3.20p 3,588 20.4% 16.9% 56p |
7.83p 8.03p 3.45p 3,890 20.1% 17.1% 60p |
8.84p 9.05p 3.87p 3,903 21.3% 18.7% 59p |
9.37p 9.59p 4.12p 4,377 21.3% 17.2% 65p |
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UK food retail productivity £ Turnover per employee 9 Profit per employee 9 Wages per employee 9 Weekly sales per sq ft 10/11 |
140,842 8,752 13,941 17.00 |
143,335 8,841 13,948 18.31 |
146,326 8,478 14,222 19.74 |
142,570 8,333 14,351 20.48 |
146,236 8,487 14,776 21.05 |
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UK food retail statistics Market share in food and drink shops 12 Number of stores Total sales area - 000 sq ft 11 Sales area opened in year - 000 sq ft Average store size (sales area) - 000 sq ft 13 Average sales area of stores opened in year - 000 sq ft 13 Full-time equivalent employees 14 |
12.0% 519 12,641 830 24,900
28,200 68,552 |
13.7% 545 13,397 685 25,600
30,700 80,650 |
14.6% 568 14,036 603 26,300
25,800 89,649 |
15.2% 618 15,215 680 26,600
26,700 105,008 |
15.8% 639 15,975 837 26,654
26,900 108,284 |
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Share price pence Highest Lowest Year end |
85 67 84 |
113 82 90 |
123 88 116 |
180 113 172 |
202 157 177 |
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Notes
1 53 week period.
2 Excludes integration costs and goodwill amortisation. Operating margin is based upon turnover exclusive of VAT.
3 Underlying profit and adjusted diluted earnings per share excludes net loss on disposal of fixed assets, loss on disposal of discontinued operations, Wm Low and Ireland integration costs and goodwill amortisation.
4 Integration costs in 1998 have been restated in accordance with FRS12.
5 Total capital employed 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/Office for National Statistics data for the year to the previous December.
13 Average store sizes exclude Metro and Express stores.
14 Based on average number of full-time equivalent employees in the UK.
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