Tesco plc Annual Report and Financial Statements 2008

Notes to the Group financial statements continued
Note 26 Statement of changes in equity
Other
reserves
Retained
earnings
Total
equity
attributable
Issued Capital to equity
share Share Merger redemption Hedging Translation Treasury Retained holders of Minority
capital premium reserve reserve reserve reserve shares earnings the parent interests Total
£m £m £m £m £m £m £m £m £m £m £m
At 24 February 2007 397 4,376 40 5 (33) (39) (154) 5,914 10,506 65 10,571
Foreign currency translation
differences – – – – – 33 – – 33 5 38
Actuarial gain on defined
benefit schemes – – – – – 1 – 186 187 – 187
Tax on items taken directly to
or transferred from equity – – – – – 250 – (127) 123 – 123
Decrease in fair value of
available-for-sale financial assets – – – – – – – (4) (4) – (4)
Gains on cash flow hedges – – – – 37 – – – 37 – 37
Purchase of treasury shares – – – – – – (118) – (118) – (118)
Share-based payments – – – – – – 68 131 199 – 199
Issue of shares 3 135 – – – – – – 138 – 138
Share buy-back (7) – – 7 – – – (665) (665) – (665)
Purchase of minority interest – – – – – – – 47 47 (27) 20
Minority interest on acquisitions
of subsidiaries – – – – – – – – – 38 38
Profit for the year – – – – – – – 2,124 2,124 6 2,130
Equity dividends authorised
in the year – – – – – – – (792) (792) – (792)
At 23 February 2008 393 4,511 40 12 4 245 (204) 6,814 11,815 87 11,902
Other
reserves
Retained
earnings
Total
equity
attributable
Issued Capital to equity
share Share Merger redemption Hedging Translation Treasury Retained holders of Minority
capital premium reserve reserve reserve reserve shares earnings the parent interests Total
£m £m £m £m £m £m £m £m £m £m £m
At 25 February 2006 395 3,988 40 – 5 38 (49) 4,963 9,380 64 9,444
Foreign currency translation
differences – – – – – (59) – – (59) (6) (65)
Actuarial gain on defined
benefit schemes – – – – – 2 – 112 114 – 114
Tax on items taken directly to
or transferred from equity – – – – – (20) – 32 12 – 12
Decrease in fair value of
available-for-sale financial assets – – – – – – – (1) (1) – (1)
Losses on cash flow hedges – – – – (38) – – – (38) – (38)
Purchase of treasury shares – – – – – – (105) – (105) – (105)
Share-based payments – – – – – – – 185 185 – 185
Issue of shares 7 388 – – – – – – 395 – 395
Share buy-back (5) – – 5 – – – (475) (475) – (475)
Future purchases of
minority interests – – – – – – – (88) (88) – (88)
Profit for the year – – – – – – – 1,892 1,892 7 1,899
Equity dividends authorised
in the year – – – – – – – (706) (706) – (706)
At 24 February 2007 397 4,376 40 5 (33) (39) (154) 5,914 10,506 65 10,571
88
Tesco PLC Annual Report and
Financial Statements 2008
www.tesco.com/annualreport08