Tesco 2005 Annual Report Download - page 56

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54 Tesco PLC
Notes to the financial statements continued
Note 23 Leasing commitments
Finance leases
£m
The future minimum finance lease payments to which the Group was committed
at 26 February 2005 and which have been guaranteed by Tesco PLC are:
Gross rental obligations 60
Less: finance charges allocated to future periods (29)
31
2005 2004
£m £m
Net amounts payable are:
Within one year 669
Between two and five years 10 163
After five years 15 3
31 235
Operating leases
Land and buildings Other
2005 2004 2005 2004
£m £m £m £m
As at 26 February 2005, the Group had lease agreements for which
payments extend over a number of years. Annual commitments
under operating leases expiring:
Within one year 13 5 2 2
Between two and five years 16 21 30 28
After five years 210 144 12 9
239 170 44 39
Note 24 Called up share capital
Ordinary shares of 5p each
Number £m
Authorised:
At 28 February 2004 9,632,000,000 482
Authorised during the year 968,000,000 48
At 26 February 2005 10,600,000,000 530
Allotted, called up and fully paid:
At 28 February 2004 7,680,158,055 384
Scrip dividend election 34,189,410 2
Share options 68,822,077 3
At 26 February 2005 7,783,169,542 389
During the financial year, 103 million shares were issued for an aggregate consideration of £239m, which comprised £93m for
scrip dividend and £146m for share options.
Between 26 February 2005 and 11 April 2005, options on 1,110,348 ordinary shares and 2,198,903 ordinary shares have
been exercised under the terms of the savings-related share option scheme (1981) and the executive share option schemes
(1994 and 1996), respectively.
As at 26 February 2005, the Directors were authorised to purchase up to a maximum in aggregate of 768.4 million ordinary shares.