Note 1 Segmental analysis of sales, turnover, profit and net assets
The Group's operations of food retailing and associated activities and property development are carried out in the UK, Republic of Ireland, France, Hungary, Poland, Czech Republic, Slovakia and Thailand. The results for Thailand and continental European operations are for the year ended 31 December 1998. In 1998, the Group disposed of Catteau S.A. whose results are included for the period to 24 February 1998, the date of disposal.

 
 
 
1999
  		  1998
(restated)
                                 
    Sales
including
VAT
£m
  		Turnover
excluding
VAT
£m

Profit
£m

Assets
£m		   Sales
including
VAT
£m 		  Turnover
excluding
VAT
£m 		 

Profit
£m		  

Assets
£m
                                 

Continuing operations

Food retailing - UK

Property development
 

 

17,070

21

 

15,814

21

 

919

-

 

5,392

32

 

16,115

19

 

14,952

19

 

875

-

 

4,780

55
                   

Total UK

Food retailing - Rest of Europe

Food retailing - Thailand
 

 

17,091

1,285

170

15,835

1,167

156

919

48

(2)

5,424

522

151

 

16,134

1,045

-

 

14,971

944

-

 

875

39

-

 

4,835

259

-

                   

Total continuing operations

Discontinued operations:

Food retailing - France
 

 

18,546

 

-

17,158

 

-

965

 

-

6,097

 

-

 

17,179

 

600

 

15,915

 

537

 

914

 

(2)

 

5,094

 

-

                   
    18,546
  		17,158 965   17,779   16,452   912    
                   

Integration costs

Goodwill amortisation

  

(26)

(5)
 

         

(63)

-

    
                   

Operating profit

Loss on disposal
of discontinued operations

Net loss on disposal
of fixed assets

Share of operating profit/(loss)
from joint ventures

Net interest payable

  

934


-


(8)


6

(90)
 

         

849


(8)


(1)


(6)

(74)

    
                   
Profit on ordinary activities
before taxation
  		 
842		          
760		    
                   

Operating margin
(pre-integration costs)

Capital employed

Net debt (note 19)
 

 
5.6%



6,097

(1,720)

          
5.5%		  



5,094

(1,191)
                   
Net assets
  		  4,377               3,903
 

The analysis of capital employed by geographical area is calculated on net assets excluding net debt. Inter-segmental turnover between the geographical areas of business is not material. Turnover is disclosed by origin. There is no material difference in turnover by destination. The Group's share of sales in the joint ventures which is not included in the numbers above is £81m (1998 - £34m).