Marks and Spencer 2000 Annual Report Download - page 42

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40 Marks and Spencer p.l.c.
Notes to the financial statements
25. SHAREHOLDERS’ FUNDS THE GROUP THE COMPANY
2000 1999 2000 1999
£m £m £m £m
Called up share capital (see note 24) 718.6 717.7 718.6 717.7
Share premium account:
At 1 April 358.5 325.7 358.5 325.7
Shares issued under the Company’s share schemes 10.9 32.8 10.9 32.8
At 31 M arch 369.4 358.5 369.4 358.5
Revaluation reserve:
At 1 April 531.0 506.1 533.2 509.7
Surplus on revaluation of investment properties 1.8 32.7 1.8 32.7
Share of joint venture’s movement in revaluation reserve 1.2 1.4 ––
Revaluation surplus realised on disposals (74.2) (7.8) (74.2) (7.8)
Revaluation element of depreciation charge (1.9) (1.4) (1.9) (1.4)
At 31 M arch 457.9 531.0 458.9 533.2
Profit and loss account reserve:
At 1 April 3,276.7 3,306.3 2,886.5 2,931.6
Revaluation element of depreciation charge 1.9 1.4 1.9 1.4
Revaluation surplus realised on disposals 74.2 7.8 74.2 7.8
Goodwill reinstated in respect of closure of Canada 24.4 –––
Amounts deducted in respect of shares issued to the QUEST (see note 24) (1.1) (12.6) (1.1) (12.6)
Retained profit/(loss) for the year 0.1 (41.2) 22.0 (41.7)
Exchange differences on foreign currency translation (16.8) 15.0 ––
At 31 M arch 3,359.4 3,276.7 2,983.5 2,886.5
Shareholders’ funds at 31 M arch – all equity 4,905.3 4,883.9 4,530.4 4,495.9
Cumulative goodwill of £428.9m (last year £453.3m) arising on the acquisition of US and Spanish subsidiaries has been written off
against the profit and loss account reserve. As permitted by FRS10, this goodwill has not been reinstated in the balance sheet and
remains written off to reserves.
26. RECONCILIATION OF MOVEMENTS IN GROUP SHAREHOLDERS’ FUNDS THE GROUP
2000 1999
£m £m
Profit attributable to shareholders 258.7 372.1
Dividends (258.6) (413.3)
0.1 (41.2)
Other recognised gains and losses relating to the year (13.8) 49.1
New share capital subscribed 11.8 34.9
Amounts deducted from profit and loss account reserve in respect of shares issued to the QUEST (1.1) (12.6)
Goodwill transferred to profit and loss account on closure of Canada 24.4 –
Net additions to shareholders’ funds 21.4 30.2
Shareholders’ funds at 1 April 4,883.9 4,853.7
Shareholders’ funds at 31 M arch 4,905.3 4,883.9