28th Sep 2006 08:00
Tesco PLC28 September 2006 COMPARABLE 2005/6 INTERIM INCOME STATEMENT As previously announced, as part of the move to harmonise UK and Internationalyear-ends, Tesco has moved the basis of its Interim reporting to a 26-weekperiod this year from a 24-week period last year. This move also shifts thefirst half International reporting period by nearly two months, moving from thesix months ending 30th June to the 26 weeks ending in the last week of August. In response to investor and analyst feedback and in the interest of clarityahead of our Interim results announcement on 3rd October 2006, we are todayissuing a summary Income Statement for the last year's first half (covering the26 weeks to 27th August 2005) to provide a comparable base for the Group'sInterim Results announcement next week. Our new underlying profit measure, deducting the non-cash elements ofInternational Financial Reporting Standards, was introduced in April 2006.Consistent with this, Tesco will be reporting segmental trading profit, allowinginvestors to see the performance of each region before property-related profitsand the non-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 next week's 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:
Tesco