Tesco 2007 Annual Report Download - page 101

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UK GAAP IFRS
2003 2004 2005 2005 200612007
53 wks
Enterprise value6(£m) 16,896 23,866 27,853 27,910 30,841 40,469
Basic earnings per share713.54p 15.05p 17.72p 17.52p 20.20p 23.61p
Diluted earnings per share713.42p 14.93p 17.50p 17.30p 19.92p 23.31p
Dividend per share86.20p 6.84p 7.56p 7.56p 8.63p 9.64p
Return on shareholders’ funds922.3% 21.8% 22.7% 23.2% 24.9% 26.7%
Return on capital employed10 10.2% 10.4% 11.5% 11.8% 12.7% 13.6%15
Group statistics
Number of stores 2,291 2,318 2,334 2,334 2,672 3,263
Total sales area – 000 sq ft11 39,944 45,402 49,135 49,135 55,215 68,189
Average employees 270,800 310,411 335,750 335,750 368,213 413,061
Average full-time equivalent employees 188,182 223,335 242,980 242,980 273,024 318,283
UK retail statistics
Number of stores 1,982 1,878 1,780 1,780 1,898 1,988
Total sales area – 000 sq ft11 21,829 23,291 24,207 24,207 25,919 27,785
Average store size (sales area – sq ft)12 29,455 30,890 31,677 31,677 32,816 34,209
Average full-time equivalent employees 133,051 152,408 163,006 163,006 175,459 184,461
UK retail productivity (£)
Revenue per employee13 160,157 162,459 166,534 166,534 170,923 177,084
Profit per employee13 9,688 9,750 10,220 9,564 10,190 11,292
Weekly sales per sq ft14 21.86 22.48 23.89 23.89 25.06 25.48
6Market capitalisation plus net debt.
7Basic and diluted earnings per share are on a continuing operations basis.
8Dividend per share relating to the interim and proposed final dividend.
9Profit before tax divided by average shareholders’ funds.
10 The numerator is profit before interest, less tax. The denominator is the calculated average of net assets plus net debt plus dividend creditor less net assets held for sale.
11 Store sizes exclude lobby and restaurant areas.
12 Average store size excludes Express and One Stop stores.
13 Based on average number of full-time equivalent employees in the UK, revenue exclusive of VAT and operating profit.
14 Based on weighted average sales area and sales excluding property development.
15 Includes one-off gain from ‘Pensions A-Day’, without this one-off gain ROCE was 12.6%.
99
NOTES TO THE GROUP
FINANCIAL STATEMENTS