Marks and Spencer 2002 Annual Report Download - page 51

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www.marksandspencer.com 49
26. Reconciliation of movements in Group shareholders’ funds Group
2001
2002 As restated
£m £m
Profit/(loss) attributable to shareholders 153.0 (5.5)
Dividends (238.9) (258.3)
(85.9) (263.8)
Other recognised gains and losses relating to the year 0.6 11.6
New share capital subscribed 8.9 7.1
Issue/redemption expenses (9.3) –
Amounts added to profit and loss account reserve in respect of shares issued to the QUEST 2.5 –
Redemption of B shares (1,717.9) –
Purchase of own shares (52.0) (20.3)
Goodwill transferred to profit and loss account on sale/closure of businesses 368.2 (1.3)
Net reduction in shareholders’ funds (1,484.9) (266.7)
Opening shareholders’ funds as previously stated 4,645.4 4,905.3
Prior year adjustment (see note 7) (79.6) (72.8)
Opening shareholders’ funds as restated 4,565.8 4,832.5
Closing shareholders’ funds 3,080.9 4,565.8
27. Reconciliation of operating profit to net cash inflow from operating activities Group
2002 2001
£m £m
Operating profit 643.8 440.5
Exceptional operating charges (see note 5A) –26.5
Operating profit before exceptional charges 643.8 467.0
Utilisation of provision against European trading losses (42.5) –
Depreciation 249.6 275.9
Decrease in stocks 66.2 14.7
Decrease/(increase) in customer advances 76.2 (117.8)
(Increase)/decrease in other debtors (44.5) 43.8
Increase in creditors 174.9 23.1
Net cash inflow before exceptional items 1,123.7 706.7
Exceptional operating cash outflow (see note 28A) (30.0) (30.3)
Net cash inflow from operating activities 1,093.7 676.4