1. Tesco Plc Hijra Liou 3AFA

2. More about Tesco… British grocery and general merchandise retailer founded in 1919 by Jack Cohen third largest retailer 12 countries grocery market leader in the UK, Ireland, Hungary, Malaysia, and Thailand

3. Balance sheet Notes 2015 £m 2014 £m Non-current assets Goodwill and other intangible assets 10 3 7713 795 Property, plant and equipment 11 20 44024 490 Investment property 12 164227 Investments in joint ventures and associates 13 940286 Other investments 14 9751 015 Loans and advances to customers 17 3 9063 210 Derivative financial instruments 21 1 5461 496 Deferred tax assets 6 51473 32 25634 592

4. Current assets Inventories 15 2 9573 576 Trade and other receivables 16 2 1212 190 Loans and advances to customers 17 3 8143 705 Derivative financial instruments 21 15380 Current tax assets 1612 Short-term investments 5931 016 Cash and cash equivalents 18 2 1652 506 11 81913 085 Assets of the disposal groups and non-current assets classified as held for sale 7 1392 487 11 95815 572

5. Current liabilities Trade and other payables 19 (9 922)(10 595) Borrowings 20 (2 008)(1 910) Derivative financial instruments and other liabilities 21 (89)(99) Customer deposits and deposits from banks 23 (7 020)(6 858) Current tax liabilities (95)(494) Provisions 24 (671)(250) (19 805)(20 206) Liabilities of the disposal groups classified as held for sale 7 (5)(1 193) (19810)(21399)

6. Non-current liabilities Borrowings 20 (10 651)(9 303) Derivative financial instruments and other liabilities 21 (946)(770) Post-employment benefit obligations 26 (4 842)(3 193) Deferred tax liabilities 6 (199)(594) Provisions 24 (695)(183) (17 333)(14 043)

7. Net assets 7 07114 722 Equity Share capital 27 406405 Share premium 5 0945 080 All other reserves (414)(498) Retained earnings 1 9859 728 Equity attributable to owners of the parent 7 07114 715 Non-controlling interests –7 Total equity 7 07114 722

8. Income statement

10. Financial performance

11. Profit/ loss of the group A loss in 2015

12. Group revenue Decreased

13. Enterprise value

14. Total shareholder return

15. Financial ratios

16. Acid test Trade receivable+Short-term investments +Cash and cash equivalents Current Liabilities = 2121+596+2165 19810 = 24,63%

17. Customer credit Trade receivables sales TVA included = 2121 69654 = not significant  Tesco is a retailer, their customers pay in cash /365

18. Solvancy Equity / total liabilities = 7071/44214 = 16%  It should be 1/3

19. Conclusion Loss Risky

20. Tank you for your attention!