Marks and Spencer 2005 Annual Report Download - page 60

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58 MARKS AND SPENCER GROUP PLC
Group financial record
2005 2004 2003 2002 2001
52 weeks 53 weeks 52 weeks 52 weeks 52 weeks
£m £m £m £m £m
Profit and loss account
Turnover
Continuing operations 7,710.3 7,971.5 7,689.2 7,268.6 6,979.5
Discontinued operations 232.0 330.0 329.9 866.8 1,096.2
Total turnover (excluding sales taxes) 7,942.3 8,301.5 8,019.1 8,135.4 8,075.7
Operating profit
Continuing operations
United Kingdom 520.7 719.9 599.9 505.2 308.3
Overseas 65.0 47.4 42.8 33.3 41.9
Excess interest charged to cost of sales
of Financial Services –– – 6.4 7.9
585.7 767.3 642.7 544.9 358.1
Discontinued operations 32.3 56.6 86.4 98.9 82.4
Total operating profit 618.0 823.9 729.1 643.8 440.5
Analysed as:
Before exceptional operating charges 709.4 866.0 773.0 643.8 467.0
Exceptional operating charges (91.4) (42.1) (43.9) – (26.5)
Provision for loss on operations to be discontinued –– – – (224.0)
Profit/(loss) on sale/closure of businesses 218.6 – (1.5) (366.7) (1.7)
(Loss)/profit on disposal of property and other fixed assets (0.4) 18.7 1.6 41.2 (83.2)
Net interest (expense)/income (102.3) (45.8) (40.5) 17.6 13.9
Other finance income/(charge) 11.4 (15.2) 27.0 – –
Profit before taxation 745.3 781.6 715.7 335.9 145.5
Taxation on ordinary activities (158.3) (229.3) (208.8) (182.5) (149.5)
Minority interests –– 0.4 (0.4) (1.5)
Profit/(loss) attributable to shareholders 587.0 552.3 507.3 153.0 (5.5)
Dividends (203.3) (263.2) (246.0) (238.9) (258.3)
Profit/(loss) for the period 383.7 289.1 261.3 (85.9) (263.8)
Comparatives for 2002 and 2001 were not restated following the adoption of FRS 17 – ‘Retirement Benefits’, Application Note G of
FRS 5 – ‘Revenue Recognition’ and UITF 38 – ‘Accounting for ESOP Trusts’ in 2004. Comparatives for 2001 were restated following
the adoption of FRS 19 – ‘Deferred Taxation’ in 2002.