Abstract
Tesco Plc. is one of Britain's leading food retailers with 430 stores throughout England, Scotland and Wales and an additional 98 in France operated by Catteau. Tesco serves over eight million customers each week. In 1994 group sales increased by 13.8% to £9.2bn, profit before tax was £528m and dividends per share rose by 9.2% to 7.75p.This extract from the Tesco 1994 annual report and accounts is included to illustrate the corporate governance information now being provided in the UK, following the Cadbury report recommendations. The accounts were chosen at random and are not intended to show good or bad practice.
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