Tesco 2015 Annual Report Download - page 85

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53 weeks ended 28 February 2015 Notes
53 weeks
2015
£m
52 weeks
2014
£m
Continuing operations
Revenue 262,284 63,557
Cost of sales (64,396) (59,547)
Gross (loss)/profit (2,112) 4,010
Administrative expenses (2,695) (1,657)
(Losses)/profits arising on property-related items (985) 278
Operating (loss)/profit (5,792) 2,631
Share of post-tax (losses)/profits of joint ventures and associates 13 (13) 60
Finance income 590 132
Finance costs 5(661) (564)
(Loss)/profit before tax 3(6,376) 2,259
Taxation 6657 (347)
(Loss)/profit for the year from continuing operations (5,719) 1,912
Discontinued operations
Loss for the year from discontinued operations 7 (47) (942)
(Loss)/profit for the year (5,766) 970
Attributable to:
Owners of the parent (5,741) 974
Non-controlling interests (25) (4)
(5,766) 970
(Losses)/earnings per share from continuing and discontinued operations
Basic 9(70.82)p 12.07p
Diluted 9(70.82)p 12.06p
(Losses)/earnings per share from continuing operations
Basic 9(70.24)p 23.75p
Diluted 9(70.24)p 23.72p
Non-GAAP measure: underlying profit before tax
Notes
53 weeks
2015
£m
52 weeks
2014
£m
(Loss)/profit before tax (6,376) 2,259
Adjustments for:
Total restructuring and other one-off items 36,814 801
Reversal of commercial income recognised in previous years:
Recognised in 13/14 353 –
Recognised in years prior to 13/14 3155 –
Other items 3315 (6)
Underlying profit before tax 961 3,054
The notes on pages 88 to 138 form part of these financial statements.
83Tesco PLC Annual Report and Financial Statements 2015
Other informationGovernance Financial statementsStrategic report
Group income statement