Marks and Spencer 1998 Annual Report Download - page 51

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THE GROUP THE COMPANY
1998 1997 1998 1997
Notes £m £m £m £m
FIXED ASSETS
Tangible assets:
Land and buildings 3,523.4 3,056.7 3,202.3 2,736.6
Fixtures, fittings and equipment 528.9 500.1 389.5 364.5
Assets in the course of construction 123.4 53.1 54.3 26.5
11 4,175.7 3,609.9 3,646.1 3,127.6
Investments 12 69.7 36.6 361.6 371.6
4,245.4 3,646.5 4,007.7 3,499.2
CURRENT ASSETS
Stocks 500.2 445.1 361.9 310.6
Debtors:
Receivable within one year 13 948.9 819.2 1,366.1 1,456.4
Receivable after more than one year 13 1,096.4 906.6 175.8 167.4
Investments 14 242.3 361.8 –Ð
Cash at bank and in hand 15,16 614.9 671.5 86.9 87.8
3,402.7 3,204.2 1,990.7 2,022.2
CURRENT LIABILITIES
Creditors: amounts falling due within one year 17 2,345.0 1,775.1 1,287.1 1,124.0
NET CURRENT ASSETS 1,057.7 1,429.1 703.6 898.2
TOTAL ASSETS LESS CURRENT LIABILITIES 5,303.1 5,075.6 4,711.3 4,397.4
Creditors: amounts falling due after more than one year 18 187.2 495.8 –150.0
Provisions for liabilities and charges 20 31.0 31.8 27.9 27.9
NET ASSETS 5,084.9 4,548.0 4,683.4 4,219.5
CAPITAL AND RESERVES
Called up share capital 25 715.6 709.2 715.6 709.2
Share premium account 325.7 259.8 325.7 259.8
Revaluation reser ve 506.1 456.3 509.7 461.9
Profit and loss account 3,518.4 3,104.0 3,132.4 2,788.6
SHAREHOLDERS’ FUNDS (all equity) 26 5,065.8 4,529.3 4,683.4 4,219.5
Minority interests (all equity) 19.1 18.7 –Ð
TOTAL CAPITAL EMPLOYED 5,084.9 4,548.0 4,683.4 4,219.5
Approved by the Board
18 May 1998
Sir Richard Greenbury, Chairman
J K Oates, Deputy Chairman and Joint Managing Director
BALAN CE SH EETS
AT 31 MA RCH 1998
MA RKS A ND SPENCER p.l.c. 49