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Five year record

 
£ millions 2009/10
52 weeks
2010/11
52 weeks
2011/12
52 weeks
2012/13
53 weeks1,2
2013/14
52 weeks1
  1. Like-for-like sales growth in 2012/13 was calculated by comparing 53 weeks against the equivalent 53 weeks of the prior year. Like-for-like sales growth in 2013/14 is calculated by comparing 52 weeks against the equivalent 52 weeks of the prior year. This only impacts the UK & Ireland businesses with all of the other businesses reporting on a calendar basis. The effect of the 53rd week on the results of the Group in 2012/13 was the inclusion of an additional £72m sales and an immaterial benefit to retail profit.
  2. 2012/13 has been restated for IAS 19 (revised), ‘Employee benefits’, resulting in the reclassification of £3m of pension administration costs from net finance costs to retail profit.
  3. Other net current liabilities and other net non-current liabilities reported above exclude any components of net debt/ (cash).
  4. Excluding business acquisitions.
Income statement          
Sales 10,503 10,450 10,831 10,573 11,125
Retail profit 664 762 882 778 805
Central costs (41) (41) (43) (42) (42)
Share of interest and tax of joint ventures and associates (17) (17) (20) (18) (17)
Operating profit before exceptional items 606 704 819 718 746
Net finance costs before financing fair value remeasurements and exceptional items (59) (34) (12) (3) (2)
Adjusted pre-tax profit 547 670 807 715 744
Exceptional items 17 (6) (12) (26) 17
Financing fair value remeasurements 2 7 2 2 (2)
Profit before taxation 566 671 797 691 759
Income tax expense (181) (180) (158) (127) (49)
Profit for the year 385 491 639 564 710
           
Balance sheet          
Goodwill and other intangible assets 2,465 2,481 2,520 2,565 2,639
Property, plant and equipment and investment property 3,636 3,664 3,722 3,814 3,675
Assets held for sale 208
Investments in joint ventures and associates 234 259 271 289 32
Other net current liabilities3 (648) (576) (290) (128) (19)
Post-employment benefits (198) (58) (15) (100)
Other net non-current liabilities3 (284) (324) (393) (422) (356)
Capital employed 5,205 5,446 5,815 6,118 6,079
Equity shareholders' funds 4,945 5,452 5,719 6,148 6,308
Non-controlling interests 10 8 8 8 9
Net debt/(cash) 250 (14) 88 (38) (238)
Capital employed 5,205 5,446 5,815 6,118 6,079
           
Other financial data          
Like-for-like sales growth (1.5%) (0.9%) 1.3% (2.9%) 0.7%
Effective tax rate 30% 29% 28% 27% 26%
Basic earnings per share (pence) 16.5 21.0 27.5 24.1 30.0
Adjusted basic earnings per share (pence) 16.4 20.5 25.1 22.3 23.4
Dividend per share (pence) 5.5 7.07 8.84 9.46 9.9
Gross capital expenditure4 256 310 450 316 304
Number of stores 831 856 955 1,025 1,124

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