Tesco 2005 Annual Report Download - page 37

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Statement of total recognised
gains and losses Year ended 26 February 2005
Reconciliation of movements
in shareholders’ funds Year ended 26 February 2005
Group†Company
2005 2004 2005 2004
restated
£m £m £m £m
Profit for the financial year 1,366 1,100 1,095 771
Dividends (587) (516) (587) (516)
779 584 508 255
Gain/(loss) on foreign currency net investments 19 (157) (71) (2)
Tax effect of exchange adjustment offset in reserves 16 – 16 –
Application of UITF 38 (29) 28 – –
New share capital subscribed less expenses 130 844 146 869
Payment of dividends by shares in lieu of cash 93 158 93 158
Net addition to shareholders’ funds 1,008 1,457 692 1,280
Opening shareholders’ funds 7,998 6,541* 4,537 3,257
Closing shareholders’ funds 9,006 7,998 5,229 4,537
Accounting policies and notes forming part of these financial statements are on pages 38 to 63.
* Originally £6,516m before prior year adjustment of £25m.
†Prior year comparatives have been restated due to UITF 38 and UITF 17 (revised) (note 1).
Group Company
2005 2004 2005 2004
£m £m £m £m
Profit for the financial year 1,366 1,100 1,095 771
Gain/(loss) on foreign currency net investments 19 (157) (71) (2)
Tax effect of exchange adjustments offset in reserves 16 – 16 –
Total recognised gains and losses relating to the financial year 1,401 943 1,040 769
Prior year adjustment (note 1) 53
Total recognised gains and losses since last annual report and financial statements 1,454
Tesco PLC 35