Tesco 2011 Annual Report Download - page 4
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OVERVIEW
2 Financial highlights
3 Chairman’s statement
4 Chief Executive’s review
6 Our vision
BUSINESS REVIEW*
14 Our business
16 Growing the UK core
22 To be an outstanding
international retailer
26 To be strong in everything we sell
30 Growing retail services
34 Community at the heart of
what we do
38 Building brands
42 Building our team
46 Property – developing and
building for customers
48 Key performance indicators
50 Group financials
51 Principal risks and uncertainties
58 General information
GOVERNANCE
60 Our Board of Directors*
62 Directors’ report on corporate
governance*
74 Directors’ remuneration report
FINANCIAL STATEMENTS
92 Statement of Directors’
responsibilities
93 Independent auditors’ report
to the members of Tesco PLC
94 Group income statement
95 Group statement of
comprehensive income
96 Group balance sheet
97 Group statement of changes
in equity
98 Group cash flow statement
98 Reconciliation of net cash flow
to movement in net debt note
99 Notes to the Group financial
statements
146 Five year record
147 Tesco PLC – Parent Company
balance sheet
148 Notes to the Parent Company
financial statements
156 Independent auditors’ report
to the members of Tesco PLC
IBC Financial calendar
* These sections form the Report
of the Directors
CONTENTS