Tesco 2013 Annual Report Download - page 138
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134 Tesco PLC Annual Report and Financial Statements 2013
Note 14 Reserves
2013
£m
2012
£m
Share premium
At beginning of the year 4,964 4,896
Premium on issue of shares less costs 56 68
At end of the year 5,020 4,964
Profit and loss reserve
At beginning of the year 2,842 2,621
Share-based payments 61 111
Shares purchased for cancellation – profit and loss reserve –(290)
Shares purchased for cancellation – capital redemption reserve –3
Dividends authorised in the year (1,184) (1,180)
Net movement on cash flow hedges 279
Profit after tax for the year 3,320 1,498
At end of the year 5,041 2,842
Notes to the Parent Company financial statements