Marks and Spencer 2001 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2001 Marks and Spencer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

20 Marks and Spencer p.l.c.
52 weeks ended 31 March 2001 53 weeks ended 1 April 2000
Before After Before After
exceptional Exceptional exceptional exceptional Exceptional exceptional
items items items items items items
Notes £m £m £m £m £m £m
Turnover 28,075.7 – 8,075.7 8,195.5 – 8,195.5
Cost of sales (5,237.2) – (5,237.2) (5,402.8) – (5,402.8)
Gross profit 2,838.5 – 2,838.5 2,792.7 – 2,792.7
Net operating expenses 3,4A (2,371.5) (26.5) (2,398.0) (2,249.7) (72.0) (2,321.7)
Operating profit 2467.0 (26.5) 440.5 543.0 (72.0) 471.0
Loss on sale of property and other fixed assets 4B – (83.2) (83.2) – (22.3) (22.3)
Loss on sale/termination of operations 4C – (1.7) (1.7) – (45.4) (45.4)
Provision for loss on operations to be discontinued 4D – (224.0) (224.0) –––
Net interest income 513.9 – 13.9 14.2 – 14.2
Profit on ordinary activities before taxation 480.9 (335.4) 145.5 557.2 (139.7) 417.5
Taxation on ordinary activities 6(151.2) 8.5 (142.7) (177.2) 19.0 (158.2)
Profit on ordinary activities after taxation 329.7 (326.9) 2.8 380.0 (120.7) 259.3
Minority interests (all equity) (1.5) – (1.5) (0.6) – (0.6)
Profit attributable to shareholders 7328.2 (326.9) 1.3 379.4 (120.7) 258.7
Dividends 8(258.3) – (258.3) (258.6) – (258.6)
Retained profit/(loss) for the period 69.9 (326.9) (257.0) 120.8 (120.7) 0.1
Basic earnings per share 90.0p 9.0p
Diluted basic earnings per share 90.0p 9.0p
Adjusted earnings per share 911.4p 13.2p
Diluted adjusted earnings per share 911.4p 13.2p
Dividend per share 89.0p 9.0p
All results in both the current and preceding financial year are derived from continuing operations.
Consolidated statement of total recognised gains and losses
52 weeks ended 53 weeks ended
31 March 1 April
2001 2000
Notes £m £m
Profit attributable to shareholders 1.3 258.7
Exchange differences on foreign currency translation 25 13.3 (16.8)
Unrealised (deficit)/surplus on revaluation of
investment properties 25 (1.7) 3.0
Total recognised gains and losses relating to the period 12.9 244.9
Note of historical cost profits and losses
52 weeks ended 53 weeks ended
31 March 1 April
2001 2000
Notes £m £m
Profit on ordinary activities before taxation 145.5 417.5
Realisation of property revaluation (deficit)/surplus 25 (1.3) 74.2
Revaluation element of depreciation charge 25 1.9 1.9
Historical cost profit on ordinary activities
before taxation 146.1 493.6
Historical cost retained (loss)/profit for the period (256.4) 76.2
Consolidated profit and loss account