Tesco 2013 Annual Report Download - page 140

136 Tesco PLC Annual Report and Financial Statements 2013 136
2009 2010 2011 2 2012 1 2013 1
Financial statistics (£m)
Sales including VAT excluding IFRIC 13 59,426 62,537 67,074 71,402 72,363
Revenue excluding IFRIC 13
UK 38,028 39,104 40,766 42,803 43,579
Rest of Europe 8,862 8,724 9,192 9,866 9,319
Asia 7,0 68 8,465 9,802 10,828 11,479
US 206 349 495 ––
Tesco Bank 163 860 919 1,044 1,021
Group revenue excluding IFRIC 13 54,327 57, 502 61,174 64,541 65,398
Trading profit
UK 2,309 2,413 2,504 2,478 2,272
Rest of Europe 496 474 527 529 329
Asia 355 440 605 737 661
US (142) (165) (186) ––
Tesco Bank 68 250 264 225 191
Group trading profit 3,086 3,412 3,714 3,969 3,453
Operating profit33,169 3,457 3,917 4,182 2,188
Operating profit margin35.8% 6.0% 6.4% 6.5% 3.3%
Share of post-tax profits of joint ventures and associates 110 33 57 91 54
Net finance costs (362) ( 314) (333) (235) (282)
Profit before tax 2,917 3,176 3,641 4,038 1,960
Taxation (779) (840) (864) (874) (574)
Profit for the year from continuing operations 2,138 2,336 2,777 3,164 1,386
Discontinued operations – – (106) (350) (1,266)
Profit for the period 2,138 2,336 2,671 2,814 120
Attributable to:
Owners of the parent 2,133 2,327 2,655 2,806 124
Non-controlling interests 5 9 16 8(4)
Underlying profit before tax – continuing operations43,124 3,395 3,853 4,149 3,549
Other financial statistics
Diluted earnings per share – continuing operations 26.96p 29.19p 34.25p 39.23p 17. 30p
Underlying diluted earnings per share – continuing operations 28.87p 31.66p 36.26p 40.31p 35.97p
Dividend per share511.96p 13.05p 14.46p 14.76p 14.76p
Return on capital employed (‘ROCE’)612.8%712.1% 12.9%814.7% 12.7%
Total shareholder return48.0% 9.5% 6.7% (3.0)% 2.1%
Net debt (£m) 9,600 7,929 6,790 6,838 6,597
Enterprise value (£m)935,907 41,442 39,462 32,324 36,578
Group retail statistics
Number of stores 4,33212 4,83612 5,26510 6,049 6,784
Total sales area – 000 sq ft11 88,55612 95,23113 103,17210 110,563 116, 236
Average employees 468,508 472,094 488,347 514,615 537,784
Average full-time equivalent employees 364,015 366,413 382,049 401,791 416,441
UK retail statistics
Number of stores 2,306 2,507 2,715 2,979 3,146
Total sales area – 000 sq ft11 32,389 34,237 36,722 39,082 40,495
Average full-time equivalent employees 194,420 196,604 200,966 205,852 213,304
Revenue per employee – £14 195,597 198,897 202,850 207,931 204,305
Weekly sales per sq ft – £15 25.34 25.22 24.95 24.86 24.15
1 During the financial year, the Group decided to sell its operations in the US. Accordingly, these operations have been treated as discontinued in 2013. The 2012 statistics have been
re-presented to be consistent with 2013. Prior years have not been re-presented.
2 Excludes Japan.
3 Operating profit includes restructuring costs and profit arising on sale of fixed assets. Operating margin is based upon revenue excluding IFRIC 13.
4 See glossary for definitions.
5 Dividend per share relating to the interim and proposed final dividend.
6 Return on capital employed is profit before interest and tax less tax at the effective rate of tax divided by the calculated average of opening and closing net assets plus net debt plus dividend
creditor less net assets held for resale.
7 Excluding acquisition of Tesco Bank and Homever, India start-up costs, and after adjusting for assets held for sale. Calculated on a 52-week basis, ROCE for 2009 is 12.8%.
8 Includes Japan.
9 Market capitalisation plus net debt.
10 Includes franchise stores but excludes Japan.
11 Store sizes exclude lobby and restaurant areas.
12 Restated to include Dobbies stores.
13 Restated to include Dobbies stores and account for a space restatement of 109,000 sq ft driven by a comprehensive remeasurement of One Stop stores.
14 Based on average number of full-time equivalent employees in the UK and revenue excluding IFRIC 13.
15 Based on weighted average sales area and average weekly sales, excluding Dobbies stores.
Five year record