Tesco 2006 Annual Report Download - page 56

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54 Tesco plc
Notes to the financial statements continued
Note 2 Segmental reporting continued
Continuing operations
Rest of Discontinuing Total
UK Europe Asia Total operation Group
Year ended 26 February 2005 £m £m £m £m £m £m
Revenue
Sales to external customers 27,146 3,818 2,902 33,866 108 33,974
Result
Segment operating profit/(loss) 1,556 243 153 1,952 (6) 1,946
Share of post-tax profit from Joint ventures
and Associates 72 1 1 74 1 75
Net finance costs (132) (1) (133)
Profit/(loss) before tax 1,894 (6) 1,888
Taxation (541) – (541)
Profit/(loss) for the year 1,353 (6) 1,347
Continuing operations
Rest of Other/ Discontinuing Total
UK Europe Asia unallocated Total operation Group
£m £m £m £m £m £m £m
Assets and liabilities
Segment assets 13,206 3,755 2,486 214 19,661 78 19,739
Investment in Joint ventures and Associates 255 1 151 – 407 9 416
Total assets 20,068 87 20,155
Segment liabilities (4,030) (788) (565) (6,092) (11,475) (26) (11,501)
Total net assets 8,593 61 8,654
Other segment information
Capital expenditure:
–Property, plant and equipment 1,637 358 247 – 2,242 5 2,247
–Investment property – 88 7 – 95 1 96
–Intangible assets 90 9 8 – 107 – 107
Depreciation:
– Property, plant and equipment 487 110 67 – 664 2 666
–Investment property – 5 3 – 8 – 8
Amortisation of intangible assets 54 4 4 – 62 – 62
Profit/(loss) arising on property-related items 21 31 (3) – 49 – 49
Business segments
The Group has one business segment; retail.
2006 2005
£m £m
Revenue 39,588 33,974
Segment assets 22,087 19,739
Capital expenditure 2,802 2,450