Marks and Spencer 1998 Annual Report Download - page 50

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1998 1997
Notes £m £m
TURNOVER – continuing operations 28,243.3 7,841.9
Cost of sales (5,322.9) (5,103.8)
GROSS PROFIT 2,920.4 2,738.1
Net operating ex penses 3 (1,803.7) (1,700.2)
OPERATING PROFIT – continuing operations
Before ex ceptional operating income 1,063.5 1,037.9
Exceptional operating income 53.2 Ð
TOTAL OPERATING PROFIT 2, 3 1,116.7 1,037.9
Loss on sale of property and other fix ed assets (2.8) (1.8)
Net interest income 454.1 65.9
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION 21,168.0 1,102.0
Tax ation on ordinary activities 5 (338.7) (346.1)
PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION 829.3 755.9
Minority interests (all equity) (0.4) (1.3)
PROFIT ATTRIBUTABLE TO SHAREHOLDERS 6828.9 754.6
Dividends 7(409.1) (368.6)
UNDISTRIBUTED SURPLUS FOR THE YEAR 26 419.8 386.0
EARNINGS PER SHARE 829.1p 26.7p
1998 1997
Notes £m £m
PROFIT ATTRIBUTABLE TO SHAREHOLDERS 828.9 754.6
Exchange differences on foreign currency translation 26 (34.1) (54.3)
Unrealised surpluses on revaluation 26 49.8 10.0
TOTAL RECOGNISED GAINS AND LOSSES RELATING TO THE YEAR 844.6 710.3
CO N SOLIDATED PRO FIT AN D LOSS ACCO UN T
FOR THE Y EA R ENDED 31 MARCH 1998
48
CO N SOLIDATED STATEM EN T OF TO TAL RECOGN ISED GAIN S AN D LO SSES
FOR THE Y EA R ENDED 31 MARCH 1998