5th Jan 2007 16:14
Tesco PLC05 January 2007 TESCO PLC COMPARABLE 2005/6 PRELIMINARY INCOME STATEMENT As previously announced, as part of the move to harmonise UK and Internationalyear-ends, Tesco has moved the International reporting period by nearly twomonths, from the twelve months ending 31st December to the 52 weeks ending inthe last week of February. In response to investor and analyst feedback, and consistent with our approachto the Interim results reported last September, we are today issuing a summaryIncome Statement for the last full financial year (covering the 52 weeks to 25thFebruary 2006) to provide a comparable base for the Group's Preliminary Resultsannouncement in April 2007. Our new underlying profit measure, deducting the non-cash elements ofInternational Financial Reporting Standards, was introduced in April 2006. Inline with this, Tesco now reports segmental trading profit, allowing investorsto see the performance of each region before property-related profits and thenon-cash element of the IAS19 pensions charge. The 2005/6 summary IncomeStatement released today provides last year's numbers on a comparable basis andshows how these will appear in April's preliminary results announcement. This document and the summary Income Statement are available on the company'swebsite at www.tesco.com/investor. CONTACTS: Investors / Analysts: Steve Webb +44 1992 644 800 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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