Marks and Spencer 2002 Annual Report Download - page 44

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42 Marks and Spencer Group p.l.c.
Notes to the financial statements
14. Fixed asset investments continued
B Principal subsidiary undertakings
The Company’s principal subsidiary undertakings are set out below. A schedule of interests in all undertakings is filed
with the Annual Return.
Country of Proportion of voting rights
Principal incorporation and shares held by:
activity and operation Company A subsidiary
Marks and Spencer p.l.c. Retailing Great Britain 100% –
Marks and Spencer International Holdings Limited Holding Company Great Britain – 100%
Marks and Spencer (Nederland) BV Holding Company The Netherlands – 100%
Marks & Spencer Finance Inc Holding Company United States – 100%
Marks and Spencer Ventures Limited Holding Company Great Britain – 100%
Marks and Spencer (Ireland) Limited Retailing Republic of Ireland – 100%
Kings Super Markets Inc Retailing United States – 100%
Marks and Spencer (Asia Pacific) Limited Retailing Hong Kong – 100%
M&S Card Services Limited Credit Card Handling Great Britain – 100%
Marks and Spencer Retail Financial Services
Holdings Limited Holding Company Great Britain – 100%
Marks and Spencer Financial Services Limited Financial Services Great Britain – 100%
Marks and Spencer Unit Trust Management Limited Financial Services Great Britain – 100%
Marks and Spencer Savings and Investments Limited Financial Services Great Britain – 100%
Marks and Spencer Life Assurance Limited Financial Services Great Britain – 100%
MS Insurance Limited Financial Services Guernsey – 100%
St Michael Finance p.l.c. Finance Great Britain – 100%
Marks and Spencer Finance p.l.c. Finance Great Britain – 100%
Marks and Spencer Property Holdings Limited Property Investment Great Britain – 100%
Amethyst Leasing (Properties) Limited Finance Great Britain – 100%
Amethyst Finance p.l.c. Finance Great Britain – –1
The Zip Project Limited Procurement Great Britain – 75%
1Amethyst Finance p.l.c. is a wholly owned subsidiary of a non-group company but has been consolidated in these accounts as a
quasi-subsidiary in accordance with FRS 5. The quasi-subsidiary has net assets of £nil, the material balances being securitised loan notes
of £331.0m offset by an inter-company group receivable.
15. Debtors Group Company
2002 2001 2002
£m £m £m
A Amounts receivable within one year
Trade debtors 21.9 34.9 –
Customer advances 579.9 629.1 –
Amounts owed by Group undertakings ––133.9
Other debtors1118.1 29.4 0.3
Prepayments and accrued income2232.2 223.8 –
952.1 917.2 134.2
B Amounts receivable after more than one year3
Customer advances 1,603.1 1,630.1 –
Other debtors123.2 16.3 –
Prepayments and accrued income240.9 65.7 –
1,667.2 1,712.1 –
1Other debtors include an interest-free loan to an officer of the Company of £28,279 (last year £41,443).
2Prepayments and accrued income includes £169.4m (last year £162.7m) in respect of the UK pension scheme. Of this, £40.1m (last year
£58.6m) is included in amounts receivable after more than one year.
3Amounts receivable after more than one year include £52.8m (last year £70.4m) of non-financial assets which have been excluded from
the analysis in note 18.
16. Current asset investments Group
2002 2001
£m £m
Listed investments:
Government securities 121.9 141.5
Listed in the United Kingdom 87.7 57.6
Listed overseas 57.0 50.4
Unlisted investments 6.1 10.5
272.7 260.0