Marks and Spencer 2000 Annual Report Download - page 22

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20 Marks and Spencer p.l.c.
Consolidated profit and loss account
53 WEEKS ENDED 1 APRIL 2000 52 WEEKS ENDED 27 MARCH 1999
BEFORE AFTER BEFORE AFTER
EXCEPTIONAL EXCEPTIONAL EXCEPTIONAL EXCEPTIONAL EXCEPTIONAL EXCEPTIONAL
ITEMS ITEMS ITEMS ITEMS ITEMS ITEMS
NOTES £m £m £m £m £m £m
Turnover – continuing operations 28,195.5 – 8,195.5 8,224.0 – 8,224.0
Cost of sales (5,402.8) – (5,402.8) (5,450.7) – (5,450.7)
Gross profit 2,792.7 – 2,792.7 2,773.3 – 2,773.3
Net operating expenses (2,249.7) (72.0) (2,321.7) (2,172.8) (88.5) (2,261.3)
Operating profit – continuing operations 2,3 543.0 (72.0) 471.0 600.5 (88.5) 512.0
Loss on termination of Canadian operation 4B
Losses arising on closure – (21.0) (21.0) –––
Goodwill previously written off to reserves – (24.4) (24.4) –––
– (45.4) (45.4) –––
(Loss)/profit on sale of property and other fixed assets 4C – (22.3) (22.3) – 6.2 6.2
Net interest income 5 14.2 – 14.2 27.9 – 27.9
Profit on ordinary activities before taxation 2557.2 (139.7) 417.5 628.4 (82.3) 546.1
Taxation on ordinary activities 6 (177.2) 19.0 (158.2) (183.7) 7.6 (176.1)
Profit on ordinary activities after taxation 380.0 (120.7) 259.3 444.7 (74.7) 370.0
Minority interests (all equity) (0.6) – (0.6) 2.1 – 2.1
Profit attributable to shareholders 7379.4 (120.7) 258.7 446.8 (74.7) 372.1
Dividends 8 (258.6) – (258.6) (413.3) – (413.3)
Retained profit/ (loss) for the period 120.8 (120.7) 0.1 33.5 (74.7) (41.2)
Basic earnings per share 99.0p 13.0p
Fully diluted basic earnings per share 99.0p 12.9p
Adjusted earnings per share 913.2p 15.6p
Fully diluted adjusted earnings per share 913.2p 15.5p
Dividend per share 89.0p 14.4p
Note of historical cost profits and losses
53 WEEKS ENDED 52 WEEKS ENDED
1 APRIL 27 MARCH
2000 1999
NOTES £m £m
Profit on ordinary activities before taxation 417.5 546.1
Realisation of property revaluation surplus 25 74.2 7.8
Revaluation element of depreciation charge 25 1.9 1.4
Historical cost profit on ordinary activities
before taxation 493.6 555.3
Historical cost retained profit/ (loss) for the period 76.2 (32.0)
Consolidated statement of total recognised gains and losses
53 WEEKS ENDED 52 WEEKS ENDED
1 APRIL 27 MARCH
2000 1999
NOTES £m £m
Profit attributable to shareholders 258.7 372.1
Exchange differences on foreign currency translation 25 (16.8) 15.0
Unrealised surpluses on revaluation of investment
properties 25 3.0 34.1
Total recognised gains and losses relating to the period 244.9 421.2