Marks and Spencer 2016 Annual Report Download - page 89

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87
ANNUAL REPORT AND FINANCIAL STATEMENTS 2016
OUR BUSINESSOUR PERFORMANCEGOVERNANCEFINANCIAL STATEMENTS
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Notes
As at
2 April 2016
£m
As at
28 March 2015
£m
Assets
Non-current assets
Intangible assets 14 802.8 858.2
Property, plant and equipment 15 5,027.1 5,031.1
Investment property 15.5 15.6
Investment in joint ventures 6.9 12. 2
Other fi nancial assets 16 3.0 3.0
Retirement benefi t asset 11 851.0 460.7
Trade and other receivables 17 234.7 283.3
Derivative fi nancial instruments 21 74.0 75.8
Deferred tax assets 23 –1.2
7,015.0 6,741.1
Current assets
Inventories 799.9 797.8
Other fi nancial assets 16 19.1 11 . 6
Trade and other receivables 17 321.1 321.8
Derivative fi nancial instruments 21 72.1 117. 9
Current tax assets 1.6 –
Cash and cash equivalents 18 247.6 205.9
1,461.4 1,455.0
Total assets 8,476.4 8,196.1
Liabilities
Current liabilities
Trade and other payables 19 1,617.7 1,642.4
Partnership liability to the Marks & Spencer UK Pension Scheme 12 71.9 71.9
Borrowings and other fi nancial liabilities 20 297.5 279.4
Derivative fi nancial instruments 21 28.5 7.7
Provisions 22 14.0 46.2
Current tax liabilities 75.2 64.0
2,104.8 2 ,111 . 6
Non-current liabilities
Retirement benefi t defi cit 11 26.9 11. 7
Trade and other payables 19 353.0 319.7
Partnership liability to the Marks & Spencer UK Pension Scheme 12 383.8 441.0
Borrowings and other fi nancial liabilities 20 1,774.7 1,745.9
Derivative fi nancial instruments 21 0.2 20.0
Provisions 22 52.0 32.1
Deferred tax liabilities 23 337.6 315. 3
2,928.2 2,885.7
Total liabilities 5,033.0 4,997.3
Net assets 3,443.4 3,198.8
Equity
Issued share capital 24 405.8 412.0
Share premium account 411.3 392.4
Capital redemption reserve 2,210.5 2,202.6
Hedging reserve 32.3 64.3
Other reserve (6,542.2) (6,542.2)
Retained earnings 6,927.5 6,670.5
Total shareholders’ equity 3,445.2 3,199.6
Non-controlling interests in equity (1.8) (0.8)
Total equity 3,443.4 3,198.8
The fi nancial statements were approved by the Board and authorised for issue on 24 May 2016. The fi nancial statements also comprise the
notes on pages 90 to 125.
Steve Rowe Chief Executive O cer
Helen Weir Chief Finance O cer