Tesco 2000 Annual Report Download - page 28
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TESCO PLC
26
notes to the financial statementscontinued
NOTE 6 Directors’ emoluments and interests
Details of Directors’ emoluments and interests are given in the Report of the Directors on Remuneration on pages 12 to 16.
NOTE 7 Net interest payable
2000 1999
£m £m £m £m
Interest receivable and similar income on money market
investments and deposits 56 22
Less interest payable on:
Short term bank loans and overdrafts repayable within five years (73) (46)
Finance charges payable on finance leases (7) (8)
4% unsecured deep discount loan stock 2006 (a) (9) (8)
103⁄8% bonds 2002 (21) (21)
83⁄4% bonds 2003 (17) (17)
71⁄2% bonds 2007 (25) (21)
51⁄8% bonds 2009 (19) (1)
6% bonds 2029 (2) –
Medium term notes (15) (17)
Interest capitalised 41 35
Share of interest of joint ventures (8) (8)
(155) (112)
(99) (90)
a Interest payable on the 4% unsecured deep discount loan stock 2006 includes £4m (1999 – £3m) of discount amortisation.
NOTE 8 Taxation
2000 1999
£m £m
UK taxation:
Corporation tax at 30.1% (1999 – 31.0%) 287 257
Share of joint ventures – (2)
Prior year items (40) (32)
Deferred taxation (note 21) – current year (1) 5
– prior year –2
246 230
Overseas taxation:
Corporation tax 10 7
Deferred taxation (note 21) 3–
259 237
NOTE 9 Dividends
2000 1999 2000 1999
Pence per share Pence per share £m £m
Declared interim 1.34 1.25 90 83
Proposed final 3.14 2.87 212 194
4.48 4.12 302 277