Tesco 1998 Annual Report Download - page 19

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Statement of total recognised gains and losses
Reconciliation of movements in shareholders’ funds
1 7
53 weeks ended 28 February 1998
Profit for the financial year
Loss on foreign currency net investments
Total recognised gains and losses relating to the financial year
1998
£m
505
(14)
491
Group
1997
£m
520
(12)
508
1998
£m
291
–
291
Company
1997
£m
332
–
332
53 weeks ended 28 February 1998
Profit for the financial year
Dividends
Loss on foreign currency net investments
New share capital subscribed less expenses
Payment of dividends by shares in lieu of cash
Goodwill arising on acquisitions
Amount written back in respect of goodwill previously
offset against reserves
Net (reduction in)/addition to shareholders’ funds
Shareholders’ funds at 22 February 1997
Shareholders’ funds at 28 February 1998
1998
£m
505
255
250
(14)
42
18
(445)
135
(14)
3,890
3,876
Group
1997
£m
520
225
295
(12)
31
18
(30)
–
302
3,588
3,890
1998
£m
291
255
36
–
80
18
–
–
134
2,355
2,489
Company
1997
£m
332
225
107
–
31
18
–
–
156
2,199
2,355
Accounting policies and notes forming part of these financial statements are on pages 20 to 39.