Tesco 2004 Annual Report Download - page 3

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TESCO PLC 1
AROUND THE WORLD
UNITED KINGDOM·CZECH REPUBLIC·
HUNGARY·POLAND·REPUBLIC OF IRELAND·
SLOVAKIA·TURKEY·JAPAN·MALAYSIA·
SOUTH KOREA·TAIWAN·THAILAND
FINANCIAL HIGHLIGHTS
2004 2004 2003
52 weeks
53 weeks pro forma .
Group sales (£m)
(including value added tax) 33,557 32,989 28,280
Underlying Group profit before tax(£m) 1,708 1,684 1,401
Group profit before tax (£m) 1,600 1,576 1,361
Underlying diluted earnings
per share(p) 16.31 13.98
Diluted earnings per share (p) 14.93 13.42
Dividend per share (p) 6.84 6.20
Group enterprise value (£m)
(market capitalisation plus net debt) 23,866 16,896
Return on capital employed 10.5% 10.2%
Excluding net loss on disposal of fixed assets £9m (2003  £13m), integration costs £45m (2003  £4m)
and goodwill amortisation £54m (2003  £23m).
Restated
GROUP SALES + 18.7%
UNDERLYING GROUP PROFIT BEFORE TAX†+ 21.9%
GROUP PROFIT BEFORE TAX + 17.6%
UNDERLYING DILUTED EARNINGS PER SHARE†+ 16.7%
DILUTED EARNINGS PER SHARE + 11.3%
DIVIDEND PER SHARE + 10.3%