Tesco 1999 Annual Report Download - page 2

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1Financial highlights
2Operating and financial review
7Directors’ report
9Corporate governance
12 Report of the Directors on Remuneration
17 Statement of Directors’ responsibilities
17 Auditors’ report
18 Group profit and loss account
19 Statement of total recognised
gains and losses
19 Reconciliation of movements
in shareholders’ funds
20 Balance sheets
21 Group cash flow statement
22 Accounting policies
24 Notes to the financial statements
41 Five year record
This publication includes the operating and financial
review, the Directors’ report, the corporate governance
statement, the accounts and the auditors’ report for the
52 weeks ended 27 February 1999. The Chairman’s
statement and review of the business are contained in a
separate statement entitled Annual Review and Summary
Financial Statement 1999.
These Annual Accounts together with the Annual Review
and Summary Financial Statement 1999 comprise the
full Annual Report and Accounts of Tesco PLC for 1999,
in accordance with the Companies Act 1985. Copies
may be obtained, free of charge, by writing to the Company
Secretary, Tesco House, Delamare Road, Cheshunt,
Hertfordshire EN8 9SL.
Telephone 01992 632222.
In the UK, Tesco is the leading food retailer with 639 stores. We aim to increase food
sales while developing our non-food business, offering the convenience of one-stop
shopping to our customers.
Outside the UK, we currently have 182 stores. In the last financial year, we acquired
the largest food retailing business in Ireland and we are expanding our hypermarket
businesses in Central Europe and Asia.
By understanding customer needs better than anyone, we aim to increase value for
customers, earning their lifetime loyalty and to enhance returns to shareholders.
Tesco is a growth business