Marks and Spencer 2011 Annual Report Download - page 109

Download and view the complete annual report

Please find page 109 of the 2011 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 116

  • 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
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

Strategy Performance & Marketplace Operating review Financial review Governance
Financial statements
& other information
To find out more visit marksandspencer.com/annualreport2011
107
Financial statements
Company statement of financial position
Notes
As at
3 April
2011
£m
As at
3 April
2010
£m
Assets
Non-current assets
Investments in Group undertakings C5 9,179.8 9,168.6
Total assets 9,179.8 9,168.6
Liabilities
Current liabilities
Amounts owed to Group undertakings 2,591.8 2,603.5
Total liabilities 2,591.8 2,603.5
Net assets 6,588.0 6,565.1
Equity
Ordinary share capital 396.2 395.5
Share premium account 255.2 247.5
Capital redemption reserve 2,202.6 2,202.6
Merger reserve 1,397.3 1,397.3
Retained earnings 2,336.7 2,322.2
Total equity 6,588.0 6,565.1
The financial statements were approved by the Board and authorised for issue on 23 May 2011. The financial statements also comprise
the notes on pages 108 and 109.
Marc Bolland Chief Executive Officer
Alan Stewart Chief Finance Officer
Company statement of changes in shareholders’ equity
Ordinary
share
capital
£m
Share
premium
account
£m
Capital
redemption
reserve
£m
Merger
reserve
£m
Retained
earnings
£m
Total
£m
At 29 March 2009 394.4 236.2 2,202.6 1,397.3 2,308.7 6,539.2
Profit for the year – – – – 239.4 239.4
Dividends – – – – (236.0) (236.0)
Capital contribution for share-based payments – – – – 10.1 10.1
Shares issued on the exercise of employee share options 1.1 11.3 – – – 12.4
At 3 April 2010 395.5 247.5 2,202.6 1,397.3 2,322.2 6,565.1
A
t 4 April 2010 395.5 247.5 2,202.6 1,397.3 2,322.2 6,565.1
Profit for the year
–
– – – 250.8 250.8
Dividends – – – – (247.5) (247.5)
Capital contribution for share-based payments – – – – 11.2 11.2
Shares issued on the exercise of employee share options 0.7 7.7 – – – 8.4
At 2 April 2011 396.2 255.2 2,202.6 1,397.3 2,336.7 6,588.0
Company statement of cash flows
52 weeks
ended
2 April
2011
£m
53 weeks
ended
3 April
2010
£m
Cash flows from investing activities
Dividends received 250.8 239.4
Net cash inflow from investing activities 250.8 239.4
Cash flows from financing activities
Shares issued on exercise of employee share options 8.4 12.4
Repayment of intercompany loan (11.7) (15.8)
Equity dividends paid (247.5) (236.0)
Net cash outflow from financing activities (250.8) (239.4)
Net cash inflow from activities ––
Cash and cash equivalents at beginning and end of year ––