Marks and Spencer 2011 Annual Report Download - page 76

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Marks and Spencer Group plc Annual report and financial statements 2011
74
Consolidated income statement
52 weeks
ended
2 April 2011
53 weeks
ended
3 April 2010
Notes £m £m
Revenue 2, 3 9,740.3 9,536.6
Operating profit 2, 3, 5 836.9 852.0
Finance income 6 42.3 12.9
Finance costs 6 (98.6) (162.2)
Profit before tax 4 780.6 702.7
Income tax expense 7 (182.0) (179.7)
Profit for the year 598.6 523.0
Attributable to:
Equity shareholders of the Compan
y
612.0 526.3
Non-controlling interests (13.4) (3.3)
598.6 523.0
Basic earnings per share 8 38.8p 33.5p
Diluted earnings per share 8 38.4p 33.2p
Non-GAAP measures: Underlying profit before tax
Profit before tax 780.6 702.7
Adjusted for:
Profit on property disposals 5 (2.9) (8.1)
IAS 19 Ireland one-off pension credit 5 (10.7) –
IAS 36 Impairment of investment property 5 6.3 –
IAS 39 Fair value movement of financial instrument 5 (54.3) –
IAS 39 Recognition of embedded derivative 5 (20.3) –
Strategic programme costs 5 15.6 –
Underlying profit before tax 1 714.3 694.6
Underlying basic earnings per share 8 34.8p 33.0p
Underlying diluted earnings per share 8 34.4p 32.7p
Consolidated statement of comprehensive income
52 weeks
ended
2 April 2011
£m
53 weeks
ended
3 April 2010
£m
Profit for the year 598.6 523.0
Other comprehensive income:
Foreign currency translation differences (16.4) (17.4)
A
ctuarial gains/(losses) on retirement benefit schemes 286.0 (251.6)
Tax on retirement benefit schemes (78.0) 71.7
Cash flow and net investment hedges
– fair value movements in equity (57.8) 52.1
– reclassified and reported in net profit 42.1 (119.8)
– amount recognised in inventories (11.2) 4.8
Tax on cash flow and net investment hedges 19.4 25.9
Other comprehensive income/(loss) for the year, net of tax 184.1 (234.3)
Total comprehensive income for the year 782.7 288.7
Attributable to:
Equity shareholders of the Company 796.1 292.0
Non-controlling interests (13.4) (3.3)
782.7 288.7