Tesco 2002 Annual Report Download - page 19

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TESCO PLC 17
statement of total recognised gains and losses
52 weeks ended 23 February 2002
Group Company
Restated ‡
2002 2001 2002 2001
£m £m £m £m
Profit for the financial year 830 722 401 66
Gain/(loss) on foreign currency net investments 12 (2) 2 (4)
Total recognised gains and losses relating to the financial year 842 720 403 62
Prior year adjustment (note 1) (45)
Total recognised gains and losses since last annual report and financial statements
797
The cumulative effect on opening Group reserves at 25 February 2001 of adopting FRS 19, ‘Deferred Tax’, is a reduction of £378m.
Group Company
Restated ‡
2002 2001 2002 2001
£m £m £m £m
Profit for the financial year 830 722 401 66
Dividends (390) (340) (390) (340)
440 382 11 (274)
Gain/(loss) on foreign currency net investments 12 (2) 2 (4)
New share capital subscribed less expenses 45 110 82 174
Payment of dividends by shares in lieu of cash 55 52 55 52
Net addition/(reduction) to shareholders’ funds 552 542 150 (52)
Opening shareholders’ funds 4,978 4,436‡‡ 2,459 2,511
Closing shareholders’ funds 5,530 4,978 2,609 2,459
Accounting policies and notes forming part of these financial statements are on pages 20 to 39.
‡‡Prior year comparatives have been restated due to the adoption of FRS 19, ‘Deferred Tax’. See note 1 on page 22.
‡‡ Originally £4,769m before deducting prior year adjustment of £333m.
reconciliation of movements
in shareholders’ funds
52 weeks ended 23 February 2002