Business report on Tesco Essay Example | Topics and Well Written Essays - 1000 words

Business report on Tesco - Essay Example Tesco Bank is a wholly owned subsidiary of Tesco that was established in 2008. The chief executive officer (CEO) of Tesco is Dave Lewis. Including franchises the firm has 6,814 stores across the globe. The firm also has six online stores. Tesco is a publicly traded company whose stocks are openly sold in the London Stock Exchange (LSE) under the symbol TSCO. As of November 28, 2015 the price of TSCO stocks was $169.15 (Yahoo, 2015). The market capitalization of the company is $13.67 billion. The accounting of the company is based on a fiscal year instead of the natural year. The 2015 fiscal year started on March 1, 2014 and it ended on February 28, 2015. The independent auditor of the company is PricewaterhouseCoopers.  Tesco Bank is a wholly owned subsidiary of Tesco that was established in 2008. The chief executive officer (CEO) of Tesco is Dave Lewis. Including franchises the firm has 6,814 stores across the globe. The firm also has six online stores. Tesco is a publicly traded company whose stocks are openly sold in the London Stock Exchange (LSE) under the symbol TSCO. As of November 28, 2015 the price of TSCO stocks was $169.15 (Yahoo, 2015). The market capitalization of the company is $13.67 billion. The accounting of the company is based on a fiscal year instead of the natural year. The 2015 fiscal year started on March 1, 2014 and it ended on February 28, 2015. The independent auditor of the company is PricewaterhouseCoopers.   In fiscal year 2015 Tesco generated sales of  £62,284 million. The sales of the company decrease by 2% in comparison with the previous year. The net income of the firm in 2015 was a loss of  £5,766 million. In 2014 the firm was able to achieve a profit of  £970 million. The total assets of the firm as of February 28, 2015 were  £44,214 million, while the total equity of the firm at the same date was  £7,071 million. The cash reserve of Tesco at the end of fiscal year 2015 was  £11,819 million. The bad financial p erformance of the firm in 2015 caused the cash reserve of the company to go down by 9.68%. In terms of total liabilities the company owes  £37,143 million. The net margin shows the absolute profitability of a company, while the gross margin is a measure of broad profitability.