Tesco plc Annual Report and Financial Statements 2012

Financial calendar
Financial year end 2011/12 25 February 2012
Final ex-dividend date 25 April 2012
Record date 27 April 2012
Q1 Interim Management Statement 11 June 2012
Annual General Meeting 29 June 2012
Final dividend payment date 6 July 2012
Half-year end 2012/13 25 August 2012
Interim Results October 2012
Q3 Interim Management Statement December 2012
Financial year ended 2012/13 23 February 2013
Please note that dates are provisional and subject to change.
Glossary
Capital expenditure: the additions to property, plant and equipment,
investment property and intangible assets (excluding assets acquired
under business combinations).
Capex % of sales: capital expenditure as defined above, divided by
Group sales including VAT and excluding IFRIC 13.
Constant tax rate: using the prior year’s effective tax rate.
EBITDAR: operating profit before depreciation, amortisation, rent
and movements in impairments of property, plant and equipment,
investment property and intangible assets.
Fixed charge cover: the ratio of EBITDAR (excluding Tesco Bank
EBITDAR) divided by financing costs (net interest excluding IAS 32 and
39 impacts and pension finance costs) plus operating lease expenses.
Gearing: net debt divided by total equity.
Net indebtedness: the ratio of adjusted net debt (net debt plus
pension deficit and the present value of lease obligations) divided
by EBITDAR (excluding Tesco Bank EBITDAR).
Return on capital employed: profit before interest and tax less tax at
the effective rate of tax divided by the calculated average of opening and
closing net assets plus net debt plus dividend creditor less net assets held
for resale.
Total shareholder return: the notional return from a share, measured
as the percentage change in the share price, plus the dividends paid with
the gross dividends reinvested in Tesco shares. This is measured over a
five-year period.
Underlying diluted earnings per share: underlying profit less tax at
the effective tax rate and minority interest divided by the diluted weighted
average number of shares in issue during the year.
Underlying profit before tax: underlying profit before tax excludes
the impact of non-cash elements of IAS 17, 19, 32 and 39 (principally the
impact of annual uplifts in rents and rent-free periods, pension costs, and
the marking to market of financial instruments); the amortisation charge
on intangible assets arising on acquisition and acquisition costs, and the
non-cash impact of IFRIC 13. It also excludes restructuring and other
one-off costs.
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