Financial performance

Group results 2012/13 (on a continuing operations basis)

52 weeks ended
23 February 2013
2012/13 Growth (actual
exchange rates)
Growth (constant
exchange rates)
Group sales (inc. VAT)* £72,363m 1.3% 2.5%
Sales growth exc. petrol   1.8% 3.1%
Group revenue
(exc. VAT, inc. IFRIC 13)
£64,826m 1.4% 2.5%
Group trading profit £3,453m (13.0)% (12.3)%
– UK £2,272m (8.3)% (8.3)%
– Asia £661m (10.3)% (9.8)%
– Europe £329m (37.8)% (33.3)%
– Tesco Bank £191m (15.1)% (15.1)%
Underlying profit before tax £3,549m (14.5)% (14.0)%
Underlying diluted earnings per share 35.97p (14.0)%** n/a
ROCE
(adjusted for one-off items)
12.7% (200)bp n/a

Capex
£3.0bn down
19.0%
down
18.1%
Statutory profit before tax includes the following one-off items:
– UK property write-down
– Goodwill impairment (Poland, Czech Republic, Turkey)
– Increased provision for PPI (Tesco Bank, inc. H1 £(30)m)
 
£(804)m
£(495)m
£(115)m
Statutory profit before tax £1,960m (51.5)% n/a
  • United States treated as discontinued, with restructuring and other one-off costs of £(1.0) billion.
  • * Group sales (inc. VAT) exclude the accounting impact of IFRIC 13.
  • ** Underlying diluted EPS growth calculated on a constant tax rate basis; (10.8)% at actual tax rates.

Share this page

  • Facebook
  • Twitter
  • LinkedIn
  • RSS