Tesco Financial Report and Analysis
Introduction
After the end of every year, major companies produce an annual report to show shareholders or poteintial investors their performers for the year. Throught this report, the company is able to plan and set goals for the next trading year. Therfore, allowing them to identify their weakness and streanght.
The purpose of this report is to analyse Tesco’s annual report. The reoprt consist of a sypnosis of Tescos, describing what it does where it does it, how many people it employs and whether it is growing or declining. It also consist of the main accounting policies used by the company; analyses of its financial performance for four years. It also shows the ratios for the performance analyses. Findings
1 Sypnosis of Tesco:
Tesco was founded in 1919, by Jack Cohen, after serving in the Royal Flying Corps during the First World War. 21-year-old Jack decided to invest his service man 's gratuity of L30 in NAAFI surplus groceries to sell from a stall in the East End of London. His first day 's turnover was L4, and his profit L1. His business has been growing up successfully.
• The first shop opened in 1929.
• The first warehouse opened in 1934.
• The first 100 branches by 1939.
• Tesco comes to Central Europe in 1994.
1.1 What it does:
Tesco’s core purpose is to create value for customers to earn their lifetime loyalty (CSR GLOBAL 2011). Therefore its success depends on the people shops with them and the people who works for them. This is why Tesco go the extra mile to make sure that what they do is rewarding using the following values as their ke values:
• No one tries harder for customers, and
• Treat people as we like to be treated.
In addition to its purpose, Tesco focus on education, public health, sporst and environment. By this, they support chldren with speech and language difficulties in partnership with “I CAN”. It also offer scholarships and esterblish community centres. Tesco Charity Trust dedicates
After the end of every year, major companies produce an annual report to show shareholders or poteintial investors their performers for the year. Throught this report, the company is able to plan and set goals for the next trading year. Therfore, allowing them to identify their weakness and streanght.
The purpose of this report is to analyse Tesco’s annual report. The reoprt consist of a sypnosis of Tescos, describing what it does where it does it, how many people it employs and whether it is growing or declining. It also consist of the main accounting policies used by the company; analyses of its financial performance for four years. It also shows the ratios for the performance analyses. Findings
1 Sypnosis of Tesco:
Tesco was founded in 1919, by Jack Cohen, after serving in the Royal Flying Corps during the First World War. 21-year-old Jack decided to invest his service man 's gratuity of L30 in NAAFI surplus groceries to sell from a stall in the East End of London. His first day 's turnover was L4, and his profit L1. His business has been growing up successfully.
• The first shop opened in 1929.
• The first warehouse opened in 1934.
• The first 100 branches by 1939.
• Tesco comes to Central Europe in 1994.
1.1 What it does:
Tesco’s core purpose is to create value for customers to earn their lifetime loyalty (CSR GLOBAL 2011). Therefore its success depends on the people shops with them and the people who works for them. This is why Tesco go the extra mile to make sure that what they do is rewarding using the following values as their ke values:
• No one tries harder for customers, and
• Treat people as we like to be treated.
In addition to its purpose, Tesco focus on education, public health, sporst and environment. By this, they support chldren with speech and language difficulties in partnership with “I CAN”. It also offer scholarships and esterblish community centres. Tesco Charity Trust dedicates
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