Tesco 2008 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2008 Tesco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

Financial highlights 1
Chief Executive’s statement 2
Report of the Directors 3
> Business Review 3
> General information 18
> Corporate governance 20
Directors’ remuneration report 25
Financial statements 39
> Statement of Directors’
responsibilities 40
> Independent auditors’ report
to the members of Tesco PLC 41
> Group income statement 42
> Group statement of recognised
income and expense 43
> Group balance sheet 44
> Group cash flow statement 45
> Reconciliation of net cash flow
to movement in net debt note 45
> Notes to the Group financial
statements 46
> Five year record 96
> Tesco PLC – Parent Company
financial statements 98
> Independent auditors’ report
to the members of Tesco PLC 108
Contents
Go online!
Every year, more and more information is available
for our shareholders, staff and customers.
Most people know something about
Tesco. After all, we are the UK’s largest
grocer and we’ve been serving customers
for the best part of a century. What you
might not know, is that Tesco is also the
world’s third largest grocery retailer with
operations in 12 international markets,
employing over 440,000 people and
serving millions of customers every week.
We’re not simply about providing great
quality food at affordable prices.
We provide more choice than ever to
more customers, whether it’s through
our expanding international operations,
innovative retailing services or our growing
non-food offer. It doesn’t matter how
people choose to shop with us or what
they choose to buy, our core purpose
remains the same – to create value for
customers to earn their lifetime loyalty.
We are also playing our part in tackling
some of the social and environmental
challenges we all face by putting
community at the heart of what we do.
From carrots to computers, from
banking to broadband, from Shanghai
to San Diego. We are…
…more than the weekly shop.
More than the
weekly shop
www.tesco.com/annualreport08