Tesco 2008 Annual Report Download - page 109

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Tesco PLC Annual Report and
Financial Statements 2008 107
Note 14 Reserves
Restated*
2008 2007
£m £m
Share premium account
At the start of the year 4,376 3,988
Premium on issue of shares less costs 135 152
Scrip dividend election –236
At the end of the year 4,511 4,376
Profit and loss reserve
At the start of the year 1,380 1,764
Prior year restatement for share-based payments –(237)
At the start of the year restated* 1,380 1,527
Share-based payment 199 185
Purchase of treasury shares (118) (105)
Dividend (792) (706)
Decrease in fair value of available-for-sale financial assets (4) (1)
Share buy-back (665) (475)
Share buy-back – capital redemption 7 5
Gains/(losses) on cash flow hedges 24 (38)
Profit after tax for the year 2,150 988
At the end of the year 2,181 1,380
* The prior period has been restated – see note 1 – Accounting policies.