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Tesco PLC Annual Report and Financial Statements 2018

Annual Report and Financial Statements 2018

Serving shoppers

a little better every day.

Welcome to

our Annual

Report.

The screen icon indicates where further

information is available online. We have also produced a number of short videos, available at www.tescoplc.com/ar2018.

Contents

Strategic report:

Tesco at a glance

1

Introduction 2

Chairman"s statement 3

Group Chief Executive"s statement 4

The six strategic drivers

8

Our business model and Big 6 KPIs

10

Financial review 12

Little Helps Plan

16

Principal risks and uncertainties

22

Corporate governance:

Corporate governance report 26

- Chairman's introduction 26 - Board of Directors 28 - Executive Committee 30 - Governance framework 32 - Nominations and Governance Committee 38 - Corporate Responsibility Committee 39 - Audit Committee 40

Directors" remuneration report 45

Directors" report

65

Statement of Directors" responsibilities

67Financial statements:

In dependent auditor"s report to the members of Tesco PLC 68

Group income statement

74
Gr oup statement of comprehensive income/(loss) 75

Group balance sheet 76

Group statement of changes in equity

77
78
Equotesdbs_dbs17.pdfusesText_23