Unit 4 P2
Unit 4: Business communication
P2: produce a brief written report on what the information shows about the performance of the business or part of the business. This report should be suitable for the directors or the senior management of the business and should include a spreadsheet or graph to help explain the financial situation.
Introduction
This task is part of p2 where I will be writing a brief written report on the financial performance of Tesco. The information I have obtained is from the Tesco annual report 2012-13 which I obtained online through the Tesco site.
Results
The graph above shows Tesco’s financial figures from different continents that Tesco operate in and also the Tesco bank. The UK as always generated the most revenue and is the main component for Tesco’s success, the revenue growth for the UK has increased by 1.8% this year. Asia also increased 6% in revenue growth, Europe decreased revenue growth by (5.5%) and Tesco bank decreased revenue by (2.2%). Trading profit growth decreased for all the different areas, the UK by 8.3%, Asia by 10.3%, and Europe by 37.8% and Tesco bank by 15.1%.
The financial results for the year reflected the steps being taken to ensure that Tesco can deliver sustainable and attractive returns and long-term growth for shareholders. Hence, while they continued to see sales growth, of 1.3%, Group trading profit was down (13.0)% on last year and underlying profit before tax down by (14.5)%, reflecting their previously announced investment in the shopping trip for customers in the UK, in addition to the impact of regulatory restrictions on opening hours in South Korea and the effects of deteriorating economic conditions, particularly in Central Europe. Statutory profit before tax fell by (51.5)%, due to the impact of a number of significant but one-off charges related to the important steps we are taking to reshape the business, including a write-down of our UK property following an in-depth review of our
P2: produce a brief written report on what the information shows about the performance of the business or part of the business. This report should be suitable for the directors or the senior management of the business and should include a spreadsheet or graph to help explain the financial situation.
Introduction
This task is part of p2 where I will be writing a brief written report on the financial performance of Tesco. The information I have obtained is from the Tesco annual report 2012-13 which I obtained online through the Tesco site.
Results
The graph above shows Tesco’s financial figures from different continents that Tesco operate in and also the Tesco bank. The UK as always generated the most revenue and is the main component for Tesco’s success, the revenue growth for the UK has increased by 1.8% this year. Asia also increased 6% in revenue growth, Europe decreased revenue growth by (5.5%) and Tesco bank decreased revenue by (2.2%). Trading profit growth decreased for all the different areas, the UK by 8.3%, Asia by 10.3%, and Europe by 37.8% and Tesco bank by 15.1%.
The financial results for the year reflected the steps being taken to ensure that Tesco can deliver sustainable and attractive returns and long-term growth for shareholders. Hence, while they continued to see sales growth, of 1.3%, Group trading profit was down (13.0)% on last year and underlying profit before tax down by (14.5)%, reflecting their previously announced investment in the shopping trip for customers in the UK, in addition to the impact of regulatory restrictions on opening hours in South Korea and the effects of deteriorating economic conditions, particularly in Central Europe. Statutory profit before tax fell by (51.5)%, due to the impact of a number of significant but one-off charges related to the important steps we are taking to reshape the business, including a write-down of our UK property following an in-depth review of our