Tesco 2001 Annual Report Download - page 28

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26 TESCO PLC
NOTES TO THE FINANCIAL STATEMENTS continued
NOTE 6 Directors’ emoluments and interests
Details of Directors’ emoluments and interests are given in the report of the Directors on remuneration on pages 12 to 16.
NOTE 7 Net interest payable
2001 2000
£m £m £m £m
Interest receivable and similar income on money market
investments and deposits 61 56
Less interest payable on:
Short-term bank loans and overdrafts repayable within five years (101) (73)
Finance charges payable on finance leases (6) (7)
4% unsecured deep discount loan stock 2006 (a) (9) (9)
RPI bond 2016 (b) (7) –
103⁄8% bonds 2002 (21) (21)
83⁄4% bonds 2003 (17) (17)
71⁄2% bonds 2007 (24) (25)
51⁄8% bonds 2009 (18) (19)
65⁄8% bonds 2010 (4) –
6% bonds 2029 (12) (2)
Medium term notes (1) (15)
Interest capitalised 52 41
Share of interest of joint ventures (18) (8)
(186) (155)
(125) (99)
a Interest payable on the 4% unsecured deep discount loan stock 2006 includes £4m (2000 – £4m) of discount amortisation.
b Interest payable on the RPI bond includes £3m (2000 – nil) of RPI related amortisation.
NOTE 8 Taxation
2001 2000
£m £m
UK taxation:
Corporation tax at 30.0% (2000 – 30.1%) 314 287
Share of joint ventures 1–
Prior year items (42) (40)
Deferred taxation (note 21) – current year 4 (1)
– prior year (1) –
276 246
Overseas taxation:
Corporation tax 10 10
Deferred taxation (note 21) 23
288 259