Marks and Spencer 2011 Annual Report Download - page 77

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Strategy Performance & Marketplace Operating review Financial review Governance
Financial statements
& other information
To find out more visit marksandspencer.com/annualreport2011
75
Financial statements
Consolidated statement of financial position
Notes
As at
2 April
2011
£m
As at
3 April
2010
£m
Assets
Non-current assets
Intangible assets 14 527.7 452.8
Property, plant and equipment 15 4,662.2 4,722.0
Investment property 16 16.0 22.4
Investment in joint ventures 17 13.0 11.5
Other financial assets 18 3.0 3.0
Retirement benefit asset 11 182.6 –
Trade and other receivables 19 276.1 287.7
Derivative financial instruments 23 21.8 132.9
Deferred tax assets 25 –0.7
5,702.4 5,633.0
Current assets
Inventories 685.3 613.2
Other financial assets 18 215.9 171.7
Trade and other receivables 19 250.3 281.4
Derivative financial instruments 23 18.4 48.1
Current tax receivable 1.6 –
Cash and cash equivalents 20 470.2 405.8
1,641.7 1,520.2
Total assets 7,344.1 7,153.2
Liabilities
Current liabilities
Trade and other payables 21 1,347.6 1,153.8
Borrowings and other financial liabilities 22 602.3 482.9
Partnership liability to the Marks & Spencer UK Pension Scheme 12 71.9 71.9
Derivative financial instruments 23 50.7 27.1
Provisions 24 22.7 25.6
Current tax liabilities 115.0 129.2
2,210.2 1,890.5
Non-current liabilities
Retirement benefit deficit 11 14.1 366.5
Trade and other payables 21 262.3 280.3
Borrowings and other financial liabilities 22 1,924.1 2,278.0
Derivative financial instruments 23 37.5 –
Provisions 24 22.0 25.5
Deferred tax liabilities 25 196.5 126.5
2,456.5 3,076.8
Total liabilities 4,666.7 4,967.3
Net assets 2,677.4 2,185.9
Equity
Called-up share capital 26 396.2 395.5
Share premium account 255.2 247.5
Capital redemption reserve 2,202.6 2,202.6
Hedging reserve (11.3
)
11.6
Other reserve (6,042.4) (5,970.5)
Retained earnings 5,873.2 5,281.9
Total shareholders’ equity 2,673.5 2,168.6
Non-controlling interests in equity 3.9 17.3
Total equity 2,677.4 2,185.9
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 to .
Marc Bolland Chief Executive Officer
Alan Stewart Chief Finance Officer
78 106