Tesco 1999 Annual Report Download - page 3

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Financial highlights
TESCO PLC ANNUAL REPORT 1999 1
10,877
13,028
14,984
18,546
17,4 47 *
99
98
97
96
95
£m
Group sales
*52 weeks proforma
617
724
774
965
895*
99
98
97
96
95
£m
Group operating
profit
(before integration costs
and goodwill amortisation)
*52 weeks proforma
6.70
7.30
7.83
9.37
8.70*
99
98
97
96
95
pence
Earnings per share
(adjusted diluted)
*52 weeks proforma
872
770
666
758
841
1,067
1,046
1,219
1,321
1,156
99
98
97
96
95
Operating cash flow
Capital expenditure
£m
Operating cash
flow and capital
expenditure
1998* 1998
1999 52 weeks 53 weeks 1997
52 weeks (proforma) (restated) 52 weeks
£m £m £m £m
Group sales (including value added tax) 18,546 17,447 17,779 14,984
Group operating profit (prior to integration costs and goodwill amortisation) 965 895 912 774
Profit on ordinary activities before tax ‡881 817 832 750
Group enterprise value (market capitalisation plus net debt) 13,528 12,556 12,556 8,121
Earnings per share † ‡ 9.37p 8.70p 8.84p 7.83p
Dividend per share 4.12p 3.87p 3.87p 3.45p
Number of stores 821 781 781 758
Retail selling area (000 sq ft)21,353 18,254 18,254 16,747
†Adjusted diluted
‡Excluding net loss on disposal of fixed assets, net loss on disposal of discontinued operations, integration costs and goodwill amortisation
* 1998/99 was a 52 week year compared to 53 weeks for 1997/98. A proforma 52 week profit and loss account for 1998 has been used for comparison
•Group sales*up 6.3% •Earnings per share*† up 7.7%
•Group operating profit*up 7.8% •Dividend per share*up 6.5%