Tesco 2011 Annual Report Download - page 112
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NOTE 2 SEGMENTAL REPORTING CONTINUED
Other segment information
Year ended 26 February 2011 UK
£m
Asia
£m
Rest of
Europe
£m
US
£m
Tesco
Bank
£m
Total
at actual
exchange
£m
Capital expenditure (including acquisitions through
business combinations):
Property, plant and equipment 1,486 977 603 192 62 3,320
Investment property – 17 7 – – 24
Goodwill and other intangible assets 159 28 23 82 163 455
Depreciation:
Property, plant and equipment (607) (273) (263) (40) (11) (1,194)
Investment property – (17) (14) – – (31)
Amortisation of intangible assets (109) (17) (22) – (47) (195)
Goodwill impairment losses recognised in the
Group Income Statement – (55) – – – (55)
Impairment losses recognised in the Group Income Statement (14) – (3) (8) – (25)
Reversal of prior year impairment losses through the
Group Income Statement 14 13 11 – – 38
Year ended 27 February 2010 UK
£m
Asia
£m
Rest of
Europe
£m
US
£m
Tesco
Bank
£m
Total
at actual
exchange
£m
Capital expenditure (including acquisitions through
business combinations):
Property, plant and equipment 1,485 736 518 141 44 2,924
Investment property – 8 8 – – 16
Goodwill and other intangible assets 124 91 21 – 25 261
Depreciation:
Property, plant and equipment (570) (226) (260) (29) (6) (1,091)
Investment property – (8) (8) – – (16)
Amortisation of intangible assets (116) (14) (20) – (127) (277)
Goodwill impairment losses recognised in the
Group Income Statement – (131) – – – (131)
Impairment losses recognised in the Group Income Statement (27) (6) (18) – – (51)
Reversal of prior year impairment losses through the
Group Income Statement 27 10 40 – – 77
NOTE 3 INCOME AND EXPENSES
From continuing operations 2011
£m
2010
£m
Profit before tax is stated after charging/(crediting) the following:
Profit arising on property-related items (427) (377)
Rental income, of which £417m (2010 – £351m) relates to investment properties (541) (461)
Direct operating expenses arising on rental earning investment properties 122 103
Costs of inventories recognised as an expense 45,942 42,504
Stock losses 1,025 1,000
Depreciation of property, plant and equipment and investment property 1,225 1,107
Impairment of property, plant and equipment and impairment of investment property 25 51
Reversal of prior year impairment losses through the Group Income Statement (38) (77)
Amortisation of internally-generated development intangible assets 100 103
Amortisation of other intangibles 95 174
Operating lease expenses*1,064 927
* Operating lease expenses include £53m (2010 – £83m) for hire of plant and machinery.
FINANCIAL STATEMENTS
108
—
TESCO PLC Annual Report and Financial Statements 2011
Notes to the Group financial statements