Annual Report and Financial Statements 2007 - Tesco PLC

88 Tesco PLC Annual report and financial statements 2007 Find out more at www.tesco.com/corporate
Notes to the financial statements continued
Note 25 Statement of changes in equity
Other
reserves
Total
equity
Retained earnings
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 buyback (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
Issued
Other
reserves
Total
equity
attributable
Retained earnings
to equity
share Share Merger Hedging Translation Treasury Retained holders of Minority
capital premium reserve reserve reserve shares earnings the parent interests Total
£m £m £m £m £m £m £m £m £m £m
At 26 February 2005 389 3,704 40 (34) 11 (87) 4,266 8,289 51 8,340
Foreign currency translation differences – – – – 26 – – 26 7 33
Actuarial loss on defined
benefit schemes – – – – (1) – (442) (443) – (443)
Tax on items taken directly to
or transferred from equity – – – – 2 – 131 133 – 133
Increase in fair value of available-for-sale
financial assets – – – – – – 2 2 – 2
Gains on cash flow hedges – – – 39 – – – 39 – 39
Net movement relating to
share-based payments – – – – – 38 45 83 – 83
Issue of shares 6 284 – – – – – 290 – 290
Profit for the year – – – – – – 1,570 1,570 6 1,576
Equity dividends authorised
in the year – – – – – – (609) (609) – (609)
At 25 February 2006 395 3,988 40 5 38 (49) 4,963 9,380 64 9,444