... five years. It now has a 53.93% (as at 21/11/03) Market share of the Food & Drug Retailers sector. Group sales for the financial year end 23 February 2003 rose 11.5% to £28.613bn. Tesco's joint venture with the Royal Bank of Scotland, made a profit of £96m in the year, of which Tesco get £48m. Composition of Fixed assets The composition of the Fixed Assets accounts for 85.2% of the total assets. It includes Intangible assets, Tangible assets, Investments, Investments in joint ventures - most recently being with the Royal Bank of Scotland, and investments in associates - being Grocery Works Holdings Inc, who are based in USA. The composition of the Fixed Assets has stayed roughly the same from the previous year end, which was 84.9%. However, Fixed Assets alone, there has been a 22.24% change. This is mainly due to the goodwill in assets arising from investments in subsidiaries in the ...

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