TESCO PLC
(previous name: TESCO STORES (HOLDINGS) PLC until 25/08/1983)

ALL RATIOS

Cons
Cons
Cons
Cons
Cons
Cons
Cons
Cons (R)

25/02/2012
26/02/2011
27/02/2010
28/02/2009
23/02/2008
24/02/2007
25/02/2006
26/02/2005

12 months
12 months
12 months
12 months
12 months
12 months
12 months
12 months

Unqual
Unqual
Unqual
Unqual
Unqual
Unqual
Unqual
Qualif n.a.

th GBP th GBP th GBP th GBP th GBP th GBP th GBP th GBP

AR
AR
AR
AR
AR
AR
AR
AR

IFRS
IFRS
IFRS
IFRS
IFRS
IFRS
IFRS
Acc. Std na

Profitability ratios

ROE using P/L before tax (%)
21.58
21.38
21.76
22.83
23.72
25.25
23.83
22.02

ROCE using P/L before tax (%)
13.04
13.13
12.51
12.25
15.34
17.23
16.46
14.71

ROA using P/L before tax (%)
7.55
7.49
6.90
6.41
9.29
10.69
9.91
9.40

ROE using Net income (%)
15.73
16.06
15.94
16.70
17.98
18.01
16.74
15.62

ROCE using Net income (%)
9.75
10.15
9.68
9.42
11.93
12.66
12.04
10.91

ROA using Net income (%)
5.51
5.62
5.06
4.69
7.04
7.63
6.96
6.67

Profit margin (%)
5.94
5.80
5.58
5.44
5.93
6.18
5.66
5.59

Gross margin (%)
10.32
10.53
10.71
9.91
9.75
10.24
9.78
9.95

EBITDA margin (%)
8.35
8.48
8.69
8.05
8.14
8.65
8.09
8.15

EBIT margin (%)
5.96
6.01
6.07
5.90
6.06
6.48
5.99
5.98

Cash flow / Operating revenue (%)
6.72
6.82
6.71
6.13
6.57
6.58
6.08
6.14

Enterprise value / EBITDA
6.23
7.87
8.62
8.67
9.68
10.77
9.64
9.96

Market cap / Cash flow from operations
5.75
8.13
7.06
6.62
9.38
13.52
10.20
10.84

Operational ratios

Net assets turnover
2.05
2.07
1.90
1.94
2.38
2.58
2.62
2.34

Interest cover
12.52
9.63
5.32
6.21
10.71
12.32
9.48
8.41

Stock turnover
18.25
19.39
20.88
20.45
19.54
22.45
27.08
25.93

Collection period (days)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.

Credit period (days)
33
34
32
31
30
28
26
30

R&D expenses / Operating revenue (%)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.

Structure ratios

Current ratio
0.67
0.67
0.73
0.78
0.61
0.56
0.52
0.57

Liquidity ratio
0.48
0.49
0.56
0.63
0.38
0.33
0.33
0.34

Shareholders liquidity ratio
1.29
1.28
0.95
0.86
1.46
1.71
1.66
1.47

Solvency ratio (Asset based) (%)
35.00
35.03
31.71
28.09
39.17
42.35
41.57
42.68

Solvency ratio (Liability based) (%)
53.85
53.91
46.44
39.07
64.39
73.46
71.15
74.47

Gearing (%)
87.56
86.34
115.76
147.53
85.65
72.98
77.73
73.73

Per employee ratios

Profit per employee (th.)
7
7
7
6
6
6
6
6

Operating revenue per employee (th.)
124
124
121
116
106
104
107
101

Costs of employees / Operating revenue (%)
9.65
9.74
9.65
9.42
9.71
9.72
9.97
10.11

Average cost of employee (th.)
12
12
12
11
10
10
11
10

Shareholders funds per employee (th.)
34
34
31
28
27
25
25
26

Working capital per employee (th.)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.

Total assets per employee (th.)
98
96
97
98
68
60
61
60

ALL RATIOS

Cons (R)
Cons (R)
Cons
Cons
Cons
Cons
Cons (R)
Cons

28/02/2004
22/02/2003
23/02/2002
24/02/2001
26/02/2000
27/02/1999
27/02/1998
27/02/1997

12 months
12 months
12 months
12 months
12 months
12 months
12 months
12 months

Qualif n.a.
Qualif n.a.
Unqual
Unqual
Unqual
Unqual
Unqual
Unqual

th GBP th GBP th GBP th GBP th GBP th GBP th GBP th GBP

AR

AR
AR

Acc. Std na
Acc. Std na
Local GAAP
Local GAAP
Local GAAP
Local GAAP
Local GAAP
Local GAAP

Profitability ratios

ROE using P/L before tax (%)
20.01
20.89
21.72
19.68
19.56
19.21
19.47
19.28

ROCE using P/L before tax (%)
14.40
14.43
15.48
16.89
17.05
16.96
18.20
17.87