Marks and Spencer 1998 Annual Report Download - page 63

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B PRINCIPAL UNDERTAKINGS
The CompanyÕs principal undertakings are set out below. A schedule of interests in all under takings is filed with the Annual Return.
Country of Proportion of voting rights
Principal incorporation and shares held by:
activity and operation The Company A subsidiar y
Marks and Spencer International Holdings Limited Holding Company Great Britain 100% Ð
Marks and Spencer (Nederland) BV Holding Company The Netherlands Ð 100%
Marks and Spencer US Holdings Inc Holding Company United States 100% Ð
Marks and Spencer (France) SA Retailing France Ð 100%
SA Marks and Spencer (Belgium) NV Retailing Belgium Ð 100%
Marks & Spencer (Espa–a) SA Retailing Spain Ð 80%
Marks and Spencer Stores BV Retailing The Netherlands Ð 100%
Marks and Spencer (Deutschland) GmbH Retailing Germany Ð 100%
Marks and Spencer (Ireland) Limited Retailing Republic of Ireland Ð 100%
Marks & Spencer Canada Inc Retailing Canada Ð 100%
Brooks Brothers, Inc Retailing United States Ð 100%
Brooks Brothers, (Japan) Limited Retailing Japan Ð 51%
Kings Super Markets Inc Retailing United States Ð 100%
Marks and Spencer (Hong Kong) Limited Retailing Hong Kong Ð 100%
Marks and Spencer
Retail Financial Ser vices Holdings Limited
Holding Company Great Britain 100% Ð
Marks and Spencer Financial Ser vices Limited Financial Services Great Britain Ð 100%
Marks and Spencer Unit Trust Management Limited Financial Services Great Britain Ð 100%
Marks and Spencer Savings and Investments Limited Financial Services Great Britain Ð 100%
Marks & Spencer Life Assurance Limited Financial Services Great Britain Ð 100%
MS Insurance Limited Financial Services Guernsey Ð 100%
St Michael Finance p.l.c. Finance Great Britain 100% Ð
Marks and Spencer Finance (Nederland) BV Finance The Netherlands Ð 100%
Marks & Spencer Finance Inc Finance United States Ð 100%
Marks and Spencer Finance p.l.c. Finance Great Britain 100% Ð
THE GROUP THE COMPA NY
1998 1997 1998 1997
£m £m £m £m
A AMOUNTS RECEIVABLE WITHIN ONE YEAR
Trade debtors 54.7 55.2 35.3 30.5
Customer advances 654.3 570.8 –Ð
Amounts owed by Group undertakings –Ð1,151.0 1,282.6
Other debtors(1) 47.1 37.8 14.4 14.9
Prepayments and accrued income( 2) 192.8 155.4 165.4 128.4
948.9 819.2 1,366.1 1,456.4
B AMOUNTS RECEIVABLE AFTER MORE THAN ONE YEAR
Advance Corporation Tax recoverable on the proposed final dividend 76.6 68.8 76.6 68.8
Less: amount offset against deferred tax ation provision (see note 21) (41.8) (34.7) (39.0) (31.8)
34.8 34.1 37.6 37.0
Customer advances 917.9 737.3 –Ð
Other debtors(1) 50.3 37.3 44.8 33.0
Prepayments and accrued income( 2) 93.4 97.9 93.4 97.4
1,096.4 906.6 175.8 167.4
(1) Other debtors includes an interest free loan to an officer of the Company of £20,631.
(2) Prepayments and accrued income includes £187.3m (last year £184.6m) in respect of the UK Pension Scheme. Of this, £93.4m (last year
£97.4m) is included in amounts receivable after more than one year.
12 FIXED ASSET INVESTMENTS continued
13 DEBTORS
NO TES TO TH E FIN AN CIAL STATEM EN TS
MA RKS A ND SPENCER p.l.c. 61