Marks and Spencer 2002 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2002 Marks and Spencer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 56

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56

www.marksandspencer.com 27
Balance sheets
Group Company
31 March
30 March 2001 30 March
2002 As restated†2002
Notes £m £m £m
Fixed assets
Tangible assets:
Land and buildings 2,166.9 2,735.2 –
Fit out, fixtures, fittings and equipment 1,187.3 1,291.9 –
Assets in the course of construction 27.0 91.8 –
13 3,381.2 4,118.9 –
Investments 14 50.3 58.3 7,643.2
3,431.5 4,177.2 7,643.2
Current assets
Stocks 325.3 472.5 –
Debtors:
Receivable within one year 15A 952.1 917.2 134.2
Receivable after more than one year 15B 1,667.2 1,712.1 –
Investments 16 272.7 260.0 –
Cash at bank and in hand 17 543.4 154.4 –
3,760.7 3,516.2 134.2
Current liabilities
Creditors: amounts falling due within one year 19 (1,750.8) (1,981.6) (1,858.1)
Net current assets/(liabilities) 2,009.9 1,534.6 (1,723.9)
Total assets less current liabilities 5,441.4 5,711.8 5,919.3
Creditors: amounts falling due after more than one year 20 (2,156.3) (735.1) –
Provisions for liabilities and charges 22 (203.8) (395.3) –
Net assets 3,081.3 4,581.4 5,919.3
Capital and reserves
Called up share capital 24,25 852.7 716.9 852.7
Share premium account 25 2.8 –2.8
Capital redemption reserve 25 1,717.9 –1,717.9
Revaluation reserve 25 387.3 455.6 –
Other reserve 25 (6,542.2) 378.2 –
Profit and loss account 25 6,662.4 3,015.1 3,345.9
Shareholders’ funds (including non-equity interests) 25 3,080.9 4,565.8 5,919.3
Minority interests (all equity) 0.4 15.6 –
Total capital employed 3,081.3 4,581.4 5,919.3
Equity shareholders’ funds 2,804.9 4,565.8 5,643.3
Non-equity shareholders’ funds 276.0 –276.0
Total shareholders’ funds 3,080.9 4,565.8 5,919.3
†Prior year comparatives have been restated due to the adoption of Financial Reporting Standard (FRS) 19, ‘Deferred Tax’. See note 7.
Approved by the Board
20 May 2002
Luc Vandevelde, Chairman and Chief Executive
Alison Reed, Group Finance Director