Tesco 2002 Annual Report Download - page 36

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34 TESCO PLC notes to the financial statements continued
NOTE 23 Leasing commitments continued
Operating leases
Land and buildings Other
2002 2001 2002 2001
£m £m £m £m
Group commitments during the 52 weeks to 22 February 2003, in terms of lease
agreements expiring, are as follows:
Within one year 2331
Between two and five years 2 12 29 23
After five years 117 131 7 9
121 146 39 33
NOTE 24 Called up share capital
Ordinary shares of 5p each
Number £m
Authorised at 24 February 2001 and 23 February 2002 9,200,000,000 460
Allotted, issued and fully paid:
Issued at 24 February 2001 6,932,225,203 347
Scrip dividend election 22,148,327 1
Share options 39,906,181 2
Issued at 23 February 2002 6,994,279,711 350
During the year, 62.1 million shares were issued for an aggregate consideration of £139m, which comprised £55m for scrip dividend and
£84m for share options.
Between 23 February 2002 and 9 April 2002, options on 2,574,637 ordinary shares and 2,659,535 ordinary shares have been
exercised under the terms of the savings-related share option scheme (1981) and the executive share option schemes (1984, 1994 and
1996) respectively.
As at 23 February 2002 the Directors were authorised to purchase up to a maximum in aggregate of 699 million ordinary shares.
NOTE 25 Reserves
Group Company
Restated
2002 2001 2002 2001
£m £m £m £m
Share premium account
At 24 February 2001 1,870 1,650 1,870 1,650
Premium on issue of shares less costs 80 169 80 169
Scrip dividend election 54 51 54 51
At 23 February 2002 2,004 1,870 2,004 1,870
Other reserves
At 23 February 2002 and 24 February 2001 40 40 – –
Profit and loss account
At 24 February 2001 as previously reported 3,099 2,738
Prior year adjustment (note 1) (378) (333)
At 24 February 2001 as restated 2,721 2,405 242 520
Gain/(loss) on foreign currency net investments 12 (2) 2 (4)
Issue of shares (37) (64) – –
Retained profit/(loss) for the financial year 440 382 11 (274)
At 23 February 2002 3,136 2,721 255 242