Tesco 1998 Annual Report Download - page 18

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Group profit and loss account
1 6
Total
1998
£m
17,779
1,327
16,452
15,505
35
95
817
(8)
(1)
(15)
793
(65)
728
832
(95)
(8)
(1)
223
505
255
250
pence
23.1
3.7
0.4
27.2
22.6
3.6
0.4
26.6
11.60
2.3
Discontinued
operations
1998
£m
600
63
537
539
–
–
(2)
(8)
127
(135)
(1)
–
(11)
Acquisitions
1998
£m
1,110
82
1,028
979
–
95
(46)
–
–
(46)
1998
£m
16,069
1,182
14,887
13,987
35
–
865
–
(15)
850
Note
1
1/2
2
3
2
1/2
32
4
7
4
8
9
24
10
10
10
10
9
Total
1997
£m
14,984
1,097
13,887
13,081
32
–
774
–
–
–
774
(24)
750
750
–
–
–
230
520
225
295
pence
24.1
–
–
24.1
23.5
–
–
23.5
10.35
2.3
Accounting policies and notes forming part of these financial statements are on pages 20 to 39.
53 weeks ended 28 February 1998
Sales at net selling prices
Value added tax
Turnover excluding value added tax
Operating expenses
– Normal operating expenses
– Employee profit-sharing
– Integration costs
Operating profit/(loss)
Loss on disposal of discontinued operations:
– Excess of consideration over net assets, and disposal costs
– Goodwill previously offset against reserves
Net loss on disposal of fixed assets
Loss from interests in associated undertakings
Profit/(loss)on ordinary activities before interest
Net interest payable
Profit on ordinary activities before taxation
Profit before integration costs, loss on disposal of discontinued
operations and net loss on disposal of fixed assets
Integration costs
Loss on disposal of discontinued operations
Net loss on disposal of fixed assets
Tax on profit on ordinary activities
Profit for the financial year
Dividends
Retained profit for the financial year
Earnings per share
Adjusted for integration costs after taxation
Adjusted for net loss on disposal of fixed assets and loss on
disposal of discontinued operations after taxation
Adjusted earnings per share
Fully diluted earnings per share
Adjusted for integration costs after taxation
Adjusted for net loss on disposal of fixed assets and loss on
disposal of discontinued operations after taxation
Adjusted fully diluted earnings per share
Dividend per share
Dividend cover (times)
Continuing operations