Marks and Spencer 2006 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2006 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 108

  • 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
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

51Marks and Spencer Group plc
Consolidated balance sheet
2006 2005
Notes £m £m
ASSETS
Non-current assets
Intangible assets 13 163.5 165.4
Property, plant and equipment 14 3,575.8 3,586.2
Investment property 15 38.5 38.6
Investments in joint venture 16 9.0 8.7
Other financial assets 17 3.3 0.3
Trade and other receivables 18 242.8 211.2
Deferred income tax assets 25 35.5 24.6
4,068.4 4,035.0
Current assets
Inventories 374.3 338.9
Other financial assets 17 48.8 67.0
Trade and other receivables 18 210.5 213.8
Derivative financial instruments 22 76.4 –
Cash and cash equivalents 19 362.6 212.6
Assets of discontinued operation 7C 69.5 –
1,142.1 832.3
Total assets 5,210.5 4,867.3
LIABILITIES
Current liabilities
Trade and other payables 20 867.8 717.9
Derivative financial instruments 22 8.0 –
Borrowings 21 1,052.8 478.8
Current tax liabilities 58.7 15.5
Provisions 24 9.2 25.2
Liabilities of discontinued operation 7C 20.5 –
2,017.0 1,237.4
Non-current liabilities
Borrowings 21 1,133.8 1,948.5
Retirement benefit obligations 11 794.9 676.0
Other non-current liabilities 20 74.8 71.8
Derivative financial instruments 22 9.5 –
Provisions 24 19.1 19.7
Deferred income tax liabilities 25 6.1 4.7
2,038.2 2,720.7
Total liabilities 4,055.2 3,958.1
Net assets 1,155.3 909.2
EQUITY
Called up share capital – equity 26,27 420.6 414.5
Called up share capital – non-equity 27 –65.7
Share premium account 27 162.3 106.6
Capital redemption reserve 27 2,113.8 2,102.8
Hedging reserve 27 (8.0) –
Other reserves 27 (6,542.2) (6,542.2)
Retained earnings 27 5,008.8 4,761.8
Total equity 1,155.3 909.2
Approved by the Board
26 May 2006
Stuart Rose, Chief Executive
Ian Dyson, Group Finance Director