Tesco 2014 Annual Report Download - page 133
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2014
£m
2013
£m
Share premium account
At beginning of the year 5,020 4,964
Premium on issue of shares less costs 60 56
At end of the year 5,080 5,020
Profit and loss reserve
At beginning of the year 5,041 2,842
Share-based payments 54 61
Dividends authorised in the year (1,189) (1,184)
Net movement on cash flow hedges (78) 2
Profit after tax for the year 86 3,320
At end of the year 3,914 5,041
Note 14 Reserves
130 Tesco PLC Annual Report and Financial Statements 2014
Notes to the Parent Company financial statements continued