Tesco 2010 Annual Report Download - page 131

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Financial statements
Note 11 Share-based payments continued
Savings-related Approved Unapproved Nil cost
share option scheme share option scheme share option scheme share options
For the year ended 28 February 2009 Options WAEP Options WAEP Options WAEP Options WAEP
Outstanding at
23 February 2008 37,652 269.29 53,381 280.99 12,191,979 303.75 10,838,238 0.00
Granted 7,539 311.00 – – 2,615,968 427.00 3,591,855 0.00
Exercised (8,125) 195.00 – – (126,832) 164.00 – –
Outstanding at
28 February 2009 37,066 294.06 53,381 280.99 14,681,115 326.92 14,430,093 0.00
Exercisable as at
28 February 2009 – – 43,965 272.93 7,511,677 258.10 2,050,588 0.00
Exercise price range 197.50 to 173.00 to
(pence) – – – 312.75 – 312.75 – 0.00
Weighted average remaining
contractual life (years) – – – 5.47 – 4.29 – 5.82
b) Share bonus schemes
The number and weighted average fair value (WAFV) of share bonuses awarded during the period relating to Tesco PLC employees are:
2010 2009
Shares WAFV Shares WAFV
number pence number pence
Shares in Success 6,684 349.66 5,568 431.05
Executive Incentive Scheme 1,660,771 351.16 304,713 424.65
Performance Share Plan 243,129 374.00 238,024 356.05
US Long-Term Incentive Plan 80,622 482.00 63,514 482.00
Note 12 Pensions
The total cost of the pension scheme to the Group was £439m (2009 – £403m). Further disclosure relating to the Tesco PLC Pension Scheme can be
found in note 28 of the Group financial statements.
Note 13 Called up share capital
2010 2009
Ordinary shares of 5p each Ordinary shares of 5p each
Number £m Number £m
Authorised:
At beginning of year 10,858,000,000 543 10,858,000,000 543
Authorised during the year 2,500,000,000 125 – –
At end of year 13,358,000,000 668 10,858,000,000 543
Allotted, called up and fully paid:
At beginning of year 7,895,344,018 395 7,863,498,783 393
Share options 62,329,535 3 57,060,046 3
Share awards 27,370,504 1 – –
Share buy-back – – (25,214,811) (1)
At end of year 7,985,044,057 399 7,895,344,018 395
During the financial year, 62 million (2009 – 57 million) shares of 5p each were issued in relation to share options for aggregate consideration of
£166m (2009 – £130m).
During the financial year, 27 million (2009 – nil) shares of 5p each were issued in relation to share bonus awards for consideration of £1m (2009 – £nil).
During the year, the Company purchased and subsequently cancelled no shares of 5p each (2009 – 25,214,811), representing 0% (2009 – 0%) of the
called up share capital, at an average price of £nil (2009 – £3.98) per share. The total consideration, including expenses, was £nil (2009 – £100m).
The excess of the consideration over the nominal value has been charged to retained earnings.
Tesco PLC Annual Report and Financial Statements 2010 129