Marks and Spencer 2011 Annual Report Download - page 78

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Marks and Spencer Group plc Annual report and financial statements 2011
76
Consolidated statement of changes in equity
Ordinary
share capital
£m
Share
premium
account
£m
Capital
redemption
reserve
£m
Hedging
reserve
£m
Other
reserve1
£m
Retained
earnings2
£m
Total
£m
Non-
controlling
interest
£m
Total
£m
At 29 March 2009 394.4 236.2 2,202.6 62.6 (5,970.5) 5,156.4 2,081.7 18.9 2,100.6
Profit/(loss) for the year – – – – – 526.3 526.3 (3.3) 523.0
Other comprehensive income:
Foreign currency translation – – – 0.1 – (17.5) (17.4) – (17.4)
Actuarial losses on retirement benefit schemes – – – – – (251.6) (251.6) – (251.6)
Tax on retirement benefit schemes – – – – – 71.7 71.7 – 71.7
Cash flow and net investment hedges
– fair value movement in equity – – – 38.0 – 14.1 52.1 – 52.1
– reclassified and reported in net profit3 – – – (119.8) – – (119.8) – (119.8)
– amount recognised in inventories – – – 4.8 – – 4.8 – 4.8
Tax on cash flow and net investment hedges – – – 25.9 – – 25.9 – 25.9
Total comprehensive income – – – (51.0) – 343.0 292.0 (3.3) 288.7
Transactions with owners:
Dividends – – – – – (236.0) (236.0) – (236.0)
Transactions with non-controlling shareholders – – – – – – – 1.7 1.7
Shares issued on exercise of employee
share options 1.1 11.3 – – – – 12.4 – 12.4
Purchase of own shares held by employee trusts – – – – – (19.0) (19.0) –(19.0)
Charge for share-based payments – – – – – 28.5 28.5 – 28.5
Deferred tax on share schemes – – – – – 9.0 9.0 – 9.0
At 3 April 2010 395.5 247.5 2,202.6 11.6 (5,970.5) 5,281.9 2,168.6 17.3 2,185.9
At 4 April 2010 395.5 247.5 2,202.6 11.6 (5,970.5) 5,281.9 2,168.6 17.3 2,185.9
Profit/(loss) for the year – – – – – 612.0 612.0 (13.4) 598.6
Other comprehensive income:
Foreign currency translation – – – (0.7) – (15.7) (16.4) – (16.4)
Actuarial gains on retirement benefit schemes – – – – – 286.0 286.0 – 286.0
Tax on retirement benefit schemes – – – – – (78.0) (78.0) – (78.0)
Cash flow and net investment hedges
– fair value movement in equity – – – (60.4) – 2.6 (57.8) – (57.8)
– reclassified and reported in net profit3 – – – 42.1 – – 42.1 – 42.1
– amount recognised in inventories – – – (11.2) – – (11.2) – (11.2)
Tax on cash flow and net investment hedges – – – 7.3 – 12.1 19.4 – 19.4
Total comprehensive income – – – (22.9) – 819.0 796.1 (13.4) 782.7
Transactions with owners:
Dividends – – – – – (247.5) (247.5) – (247.5)
Recognition of financial liability4 – – – – (71.9) – (71.9) – (71.9)
Shares issued on exercise of employee
share options 0.7 7.7 – – – – 8.4 – 8.4
Purchase of own shares held by employee trusts – – – – – (12.0) (12.0) – (12.0)
Charge for share-based payments – – – – – 31.7 31.7 – 31.7
Deferred tax on share schemes – – – – – 0.1 0.1 – 0.1
At 2 April 2011 396.2 255.2 2,202.6 (11.3) (6,042.4) 5,873.2 2,673.5 3.9 2,677.4
1The ‘Other reserve’ was originally created as part of the capital restructuring that took place in 2002. It represents the difference between the nominal value of the shares
issued prior to the capital reduction by the Company (being the carrying value of the investment in Marks and Spencer plc) and the share capital, share premium and capital
redemption reserve of Marks and Spencer plc at the date of the transaction. The reserve also includes discretionary distributions to the Marks & Spencer UK Pension Scheme
of £499.8m (last year £571.7m) (see note 12).
2Includes a cumulative £19.1m gain (last year £34.8m gain) in the currency reserve.
3Amounts reclassified and reported in net profit have all been recorded in cost of sales.
4Following the Group’s payment of an interim dividend in relation to 2010/11, the associated distribution of £71.9m became payable to the Marks & Spencer UK Pension
Scheme and has been recognised as a liability (see note 12).