Marks and Spencer 2002 Annual Report Download - page 28

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52 weeks ended 30 March 2002 52 weeks ended 31 March 2001
Continuing Discontinued
Continuing Discontinued operations operations Total
operations operations Total As restated As restated As restated†
Notes £m £m £m £m £m £m
Turnover 37,619.4 516.0 8,135.4 7,342.6 733.1 8,075.7
Operating profit:
Continuing operations:
Before exceptional charges 629.1 – 629.1 480.9 – 480.9
Exceptional operating charges 5A –––(26.5) – (26.5)
Continental European operations – (42.5) (42.5) – (34.0) (34.0)
Less provision made last year – 42.5 42.5 –––
Other discontinued operations – 14.7 14.7 – 20.1 20.1
Total operating profit 3,4 629.1 14.7 643.8 454.4 (13.9) 440.5
Profit/(loss) on sale of property and
other fixed assets 5B 41.2 – 41.2 (83.0) (0.2) (83.2)
Provision for loss on operations
to be discontinued 5C –––– (224.0) (224.0)
Loss on sale/termination of operations: 5D
Loss arising on sale/closure – (102.8) (102.8) (1.7) – (1.7)
Less provision made last year – 104.3 104.3 –––
– 1.5 1.5 (1.7) – (1.7)
Goodwill previously written off – (368.2) (368.2) –––
Net loss on sale/termination of operations – (366.7) (366.7) (1.7) – (1.7)
Net interest income 617.6 – 17.6 13.9 – 13.9
Profit/(loss) on ordinary activities before taxation 687.9 (352.0) 335.9 383.6 (238.1) 145.5
Taxation on ordinary activities 7(195.1) 12.6 (182.5) (146.3) (3.2) (149.5)
Profit/(loss) on ordinary activities after taxation 492.8 (339.4) 153.4 237.3 (241.3) (4.0)
Minority interests (all equity) 1.1 (1.5) (0.4) 0.5 (2.0) (1.5)
Profit/(loss) attributable to shareholders 493.9 (340.9) 153.0 237.8 (243.3) (5.5)
Dividends 9(238.9) – (238.9) (258.3) – (258.3)
Retained profit/(loss) for the period 255.0 (340.9) (85.9) (20.5) (243.3) (263.8)
Earnings per share 10 17.4p 5.4p 8.3p (0.2)p
Diluted earnings per share 10 17.3p 5.4p 8.3p (0.2)p
Adjusted earnings per share 10 15.9p 16.3p 11.9p 11.2p
Diluted adjusted earnings per share 10 15.8p 16.2p 11.9p 11.2p
Dividend per share 99.5p 9.0p
Note of group historical cost profits and losses 52 weeks ended
52 weeks ended 31 March
30 March 2001
2002 As restated†
Notes £m £m
Profit on ordinary activities before taxation 335.9 145.5
Realisation of property revaluation surplus/(deficit) 25 67.2 (1.3)
Revaluation element of depreciation charge 25 1.6 1.9
Historical cost profit on ordinary activities before taxation 404.7 146.1
Historical cost retained loss for the period (17.1) (263.2)
Consolidated statement of total recognised gains and losses 52 weeks ended
52 weeks ended 31 March
30 March 2001
2002 As restated†
Notes £m £m
Profit/(loss) attributable to shareholders 153.0 (5.5)
Exchange differences on foreign currency translation 25 0.1 13.3
Unrealised surplus/(deficit) on revaluation of
investment properties 25 0.5 (1.7)
Total recognised gains and losses relating to the period 153.6 6.1
Prior year adjustment 7, 25 (79.6)
Total recognised gains and losses since last annual report 74.0
†Prior year comparatives have been restated due to the adoption of Financial Reporting Standard (FRS) 19, ‘Deferred Tax’. See note 7.
26 Marks and Spencer Group p.l.c.
Consolidated profit and loss account