Five-year record

2010

20113

20122

2013

2014

62,537

67,074

71,402

70,712

70,894

42,803

43,582

43,570

Financial statistics (m)

Sales including VAT excluding IFRIC 13
Revenue excluding IFRIC 13
UK

39,104

40,766

Europe

8,724

9,192

9,866

9,319

9,267

Asia

8,465

9,802

10,828

10,045

10,309

US

349

495

Tesco Bank

860

919

1,044

1,021

1,003

57,502

61,174

64,541

63,967

64,149

2,413

2,504

2,478

2,272

2,191

Europe

474

527

529

329

238

Asia

440

605

737

733

692

(165)

(186)

250

264

225

191

194

Group trading profit

3,412

3,714

3,969

3,525

3,315

Operating profit4

3,457

3,917

4,182

2,382

2,631

6.0%

6.4%

6.5%

3.7%

Group revenue excluding IFRIC 13

Trading profit
UK

US
Tesco Bank

Operating profit margin4

Share of post-tax profits of joint ventures and associates

4.1%

33

57

91

72

60

Net finance costs

(314)

(333)

(235)

(397)

(432)

Profit before tax

3,176

3,641

4,038

2,057

2,259

Taxation

(840)

(864)

(874)

(529)

(347)

Profit for the year from continuing operations

2,336

2,777

3,164

1,528

1,912

(106)

(350)

(1,504)

(942)

2,336

2,671

2,814

24

970

2,327

2,655

2,806

28

974

16

Discontinued operations
Profit for the period
Attributable to:
Owners of the parent
Non-controlling interests
Underlying profit before tax - continuing operations

3,395

18

3,853

18

4,149

(4)

(4)

18

3,280

3,054

23.72p

Other financial statistics

Diluted earnings per share - continuing operations

29.19p

34.25p

39.23p

19.06p

Underlying diluted earnings per share - continuing operations

31.66p

36.26p

40.31p

33.74p

Dividend per share

13.05p

14.46p

14.76p

14.76p

14.76p

12.1%

12.9%9

14.7%10

14.5%19

13.6%19

9.5%

6.7%

(3.0)%

2.1%

3.7%

7,929

6,790

6,838

6,597

6,597

41,442

39,462

32,324

36,578

33,597

Return on capital employed ('ROCE')7

Total shareholder return8
Net debt (m)
Enterprise value (m)

11

32.05p

Group retail statistics

4,83614

5,26512

6,049

6,653

7,305

Total sales area - 000 sq ft13

95,23115

103,17212

110,563

106,040

109,572

Average employees

472,094

488,347

514,615

506,856

510,444

Average full-time equivalent employees

366,413

382,049

401,791

388,375

391,868

Number of stores

UK retail statistics
Number of stores

2,507

Total sales area - 000 sq ft13

2,715

2,979

3,146

3,378

34,237

36,722

39,082

40,495

41,823

Average full-time equivalent employees

196,604

200,966

205,852

213,304

217,158

Revenue per employee - 16

198,897

202,850

207,931

204,319

200,637

25.22

24.95

24.86

24.15

23.33

Weekly sales per sq ft - 17

Notes
1

During the financial year, the Group decided to sell its operations in China. Accordingly, these operations have been treated as discontinued in 2014.
The 2013 values have been re-presented to be consistent with 2014 and they have also been re-presented to account for the impact of IAS 19. Prior years have not been re-presented.
Excludes Japan and the US.

Excludes Japan.

Operating profit includes restructuring costs and profit arising on sale of fixed assets. Operating margin is based upon revenue excluding IFRIC 13.

See glossary for definitions. Glossary can be found in the 2014 Annual Report on page 143.

Dividend per share relating to the interim and proposed final dividend.

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

See glossary for definitions. Measured over a 5 year period. Glossary can be found in the 2014 Annual Report on page 143.

plus dividend creditor less net assets held for resale.

9

Includes Japan and the US.

10

Includes the US.

11

Market capitalisation plus net debt.

12

Includes franchise stores but excludes Japan.

13

Store sizes exclude lobby and restaurant areas.

14

Restated to include Dobbies stores.

15

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.

16

Based on average number of full-time equivalent employees in the UK and revenue excluding IFRIC 13.

17

Based on weighted average sales area and average weekly sales, excluding Dobbies stores.

18

Includes Profits/Losses on property-related items.

19

Excludes China.

Five-year record (full detail - without footnotes)

2010

2011

2012

62,537

67,074

71,402
42,803

Financial statistics (m)

Sales including VAT excluding IFRIC 13
Revenue excluding IFRIC 13
UK

39,104

40,766

Europe

8,724

9,192

9,866

Asia

8,465

9,802

10,828

US

349

495

Tesco Bank

860

919

1,044

57,502

61,174

64,541

Group revenue excluding IFRIC 13

Trading profit
UK

2,413

2,504

2,478

Europe

474

527

529

Asia

440

605

737

(165)

(186)

250

264

225

Group trading profit

3,412

3,714

3,969

Operating profit

3,457

3,917

4,182

6.0%

6.4%

6.5%

33

57

91

Net finance costs

(314)

(333)

(235)

Profit before tax

3,176

3,641

4,038

Taxation

(840)

(864)

(874)

Profit for the year from continuing operations

2,336

2,777

3,164

US
Tesco Bank

Operating profit margin

Share of post-tax profits of joint ventures and associates

Discontinued operations

(106)

(350)

2,336

2,671

2,814

2,327

2,655

2,806

16

3,395

3,853

4,149

Diluted earnings per share - continuing operations

29.19p

34.25p

39.23p

Underlying diluted earnings per share - continuing operations

31.66p

36.26p

40.31p

Dividend per share

13.05p

14.46p

14.76p

12.1%

12.9%

14.7%

9.5%

6.7%

(3.0)%

Profit for the period

Attributable to:
Owners of the parent
Non-controlling interests
Underlying profit before tax - continuing operations
Other financial statistics

Return on capital employed ('ROCE')

Total shareholder return
Net debt (m)
Enterprise value (m)

7,929

6,790

6,838

41,442

39,462

32,324

Group retail statistics

Number of stores

4,836

5,265

6,049

95,231

103,172

110,563

Average employees

472,094

488,347

514,615

Average full-time equivalent employees

366,413

382,049

401,791

Total sales area - 000 sq ft

UK retail statistics
Number of stores

2,507

2,715

2,979

34,237

36,722

39,082

Average full-time equivalent employees

196,604

200,966

205,852

Revenue per employee -

198,897

202,850

207,931

25.22

24.95

24.86

Total sales area - 000 sq ft

Weekly sales per sq ft -

2013

2014

70,712

70,894

43,582

43,570

9,319

9,267

10,045

10,309

1,021

1,003

63,967

64,149

2,272

2,191

329

238

733

692

191

194

3,525

3,315

2,382

2,631

3.7%

4.1%

72

60

(397)

(432)

2,057

2,259

(529)

(347)

1,528

1,912

(1,504)

(942)

24

970

28

974

(4)

(4)

3,280

3,054

19.06p

23.72p

33.74p

32.05p

14.76p

14.76p

14.5%

13.6%

2.1%

3.7%

6,597

6,597

36,578

33,597

6,653

7,305

106,040

109,572

506,856

510,444

388,375

391,868

3,146

3,378

40,495

41,823

213,304

217,158

204,319

200,637

24.15

23.33