Tesco 2001 Annual Report Download - page 37

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TESCO PLC 35
NOTE 22 Leasing commitments continued
Operating leases
Land and buildings Other
2001 2000 2001 2000
£m £m £m £m
Group commitments during the 52 weeks to 23 February 2002, in terms of lease
agreements expiring, are as follows:
Within one year 3–14
Between one and five years 12 2 23 16
After five years 131 133 9 14
146 135 33 34
NOTE 23 Called up share capital
Ordinary shares of 5p each
Number £m
Authorised at 26 February 2000 9,200,000,000 460
Authorised during the year ––
Authorised at 24 February 2001 9,200,000,000 460
Allotted, issued and fully paid:
Issued at 26 February 2000 6,823,019,359 341
Scrip dividend election 22,416,148 1
Share options 86,789,696 5
Issued at 24 February 2001 6,932,225,203 347
During the year, 109.2 million shares were issued for an aggregate consideration of £227m, which comprised £52m for scrip dividend and
£175m for share options.
Between 24 February 2001 and 9 April 2001, options on 3,611,573 ordinary shares and 658,897 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 24 February 2001 the Directors were authorised to purchase up to a maximum in aggregate of 683 million ordinary shares.
NOTE 24 Reserves
Group Company
2001 2000 2001 2000
£m £m £m £m
Share premium account
At 26 February 2000 1,650 1,577 1,650 1,577
Premium on issue of shares less costs 169 52 169 52
Scrip dividend election 51 21 51 21
At 24 February 2001 1,870 1,650 1,870 1,650
Other reserves
At 24 February 2001 and 26 February 2000 40 40 – –
Profit and loss account
At 26 February 2000 2,738 2,426 520 783
Loss on foreign currency net investments (2) (36) (4) (3)
Issue of shares (64) (24) – –
Retained profit/(loss) for the financial year 427 372 (274) (260)
At 24 February 2001 3,099 2,738 242 520