Tesco 2004 Annual Report Download - page 58

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56 TESCO PLC
FIVE YEAR RECORD
Year ended February 2000 2001 2002 2003 2004
53 weeks
Financial statistics (£m)
Group sales (restated) 120,189 22,585 25,401 28,280 33,557
Turnover excluding VAT (restated) 1
UK 16,808 18,203 19,821 21,309 24,760
Rest of Europe 1,355 1,737 2,181 2,664 3,385
Asia 464 860 1,398 2,031 2,669
18,627 20,800 23,400 26,004 30,814
Underlying operating proÞt 2
UK 993 1,100 1,213 1,297 1,526
Rest of Europe 51 70 90 141 184
Asia (1) 4 29 71 122
1,043 1,174 1,332 1,509 1,832
Operating margin 2
UK 5.9% 6.0% 6.1% 6.1% 6.2%
Rest of Europe 3.8% 4.0% 4.1% 5.3% 5.4%
Asia (0.2)% 0.5% 2.1% 3.5% 4.6%
Total Group 5.6% 5.6% 5.7% 5.8% 5.9%
Share of operating proÞt before goodwill amortisation
from joint ventures and associates 11 21 42 72 99
Net interest payable (99) (125) (153) (180) (223)
Underlying pre-tax proÞt3955 1,070 1,221 1,401 1,708
Integration costs (6) (4) (45)
Goodwill amortisation (7) (8) (10) (23) (54)
Net loss on disposal of Þxed assets (9) (8) (10) (13) (9)
ProÞt on ordinary activities before taxation 933 1,054 1,201 1,361 1,600
Taxation 4(259) (333) (371) (415) (498)
Minority interests 1(2)
ProÞt for the Þnancial year 4674 722 830 946 1,100