Marks and Spencer 2016 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2016 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 132

  • 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
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

GROUP PERFORMANCE (52 WEEKS) STRATEGIC PRIORITIES FOR THE YEAR
FINANCIAL OVERVIEW
£5.4bn
£3.9bn
£539.3m
55.1%
34.8p
6.8p + 11.9p1 = 18.7p
£684.1m
4.6p
£483.3m
CLOTHING & HOME
GROSS MARGIN
UK CLOTHING & HOME
REVENUE
FREE CASH FLOW
PRE SHAREHOLDER RETURNS
UK FOOD REVENUE
24.6p
£10.4bn
GROUP REVENUE
+0.8% +3.6%
+245bps
-2.2%+0.7p
+5.1% -17.2%
+3.5% -19.5%
UNDERLYING PROFIT BEFORE TAX
SPECIAL DIVIDEND
UNDERLYING GROUP EARNINGS PER SHARE
INTERIM AND FINAL DIVIDEND
GROUP PROFIT BEFORE TAX
BASIC EARNINGS PER SHARE
53 WEEK YEAR This year we are reporting
on the 53 weeks to 2nd April 2016,
as every six years an additional week
is included to ensure that the year-
end date stays in line with the end of
March. In order to provide a meaningful
comparison with last year’s 52 week
period, all fi nancial movements are
reported on a 52 week basis, and
excluding the 53rd week, unless
otherwise noted. All balance sheet
and cash fl ow information is reported
as at the year-end date.
Full details of the 53 week results can be
found in the Financial Review p23
INTEGRATED REPORTING We have set out
to produce an Annual Report that meets
the guiding principles of the Integrated
Reporting Council framework by
developing our reporting in several key
areas. These include: improvements to
our business model to better show the
e ective use of the resources and
relationships relevant to M&S; a new,
more detailed look at our business
model and how it drives value creation
through the interdependencies within
our business; mapping our principal risks
against our business model to
demonstrate the connectivity between
the two; and the continued linkage
between our KPIs and remuneration.
ONLINE INFORMATION We provide
comprehensive company information
for our shareholders on our website,
including digital versions of all our
Annual Reports. We encourage all our
shareholders to receive information
electronically as it enables us to keep
them informed about company news and
trading updates throughout the year.
Follow the ‘Electronic Shareholder
Communication’ link at
marksandspencer.com/investors
INVESTOR RELATIONS APP We have
upgraded our Investor Relations app so
that it is now optimised for use across
all devices and on all operating systems,
including iOS and Android. The app
displays the latest share price information
and corporate news and contains fi nancial
reports, presentations and videos.
NAVIGATING THE REPORT In this document
you will see a series of icons that
demonstrate how we’ve integrated
information about our business model
and performance with details of our
principal risks, remuneration and Plan A.
The icons also tell you where to look for
further information, either in this report
or in our 2016 Plan A Report.
Our Plan A Report can be viewed at
marksandspencer.com/plana2016
ABOUT OUR REPORTING
READ
MORE LINKED TO
REMUNERATION
PLAN A
A
RISK
R
LOOKING
AHEAD
+2.9%
1. Subject to shareholder approval.