Marks and Spencer 2003 Annual Report Download - page 28

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26 Marks and Spencer Gro up p.l.c.
Consolidated profit and loss account
52 weeks ended 29 March 2003 52 weeks ended 30 March 2002
Continuing Discontinued Continuing Discontinued
operations operations Total operations operations Total
Notes £m £m £m £m £m £m
Total turnover 28,077.2 – 8,077.2 7,619.4 516.0 8,135.4
Operating profit:
Continuing operations:
Before exceptional operating charges 761.8 – 761.8 629.1 – 629.1
Exceptional operating charges 4A (43.9) – (43.9) –––
Discontinued operations:
Continental European operations –––– (42.5) (42.5)
Less provision made in 2001 –––– 42.5 42.5
Other discontinued operations –––– 14.7 14.7
Total operating profit 2,3 717.9 – 717.9 629.1 14.7 643.8
Profit on sale of property and
other fixed assets 4B 1.6 – 1.6 41.2 – 41.2
Loss on sale/termination of operations: 4C
Loss arising on sale/closure – (12.3) (12.3) – (102.8) (102.8)
Less provision made in 2001 – 10.8 10.8 – 104.3 104.3
– (1.5) (1.5) – 1.5 1.5
Goodwill previously written off –––– (368.2) (368.2)
Net loss on sale/termination of operations – (1.5) (1.5) – (366.7) (366.7)
Net interest (expense)/income 5(40.5) – (40.5) 17.6 – 17.6
Profit/(loss) on ordinary activities before taxation 679.0 (1.5) 677.5 687.9 (352.0) 335.9
Taxation on ordinary activities 6(197.4) – (197.4) (195.1) 12.6 (182.5)
Profit/(loss) on ordinary activities after taxation 481.6 (1.5) 480.1 492.8 (339.4) 153.4
Minority interests (all equity) 0.4 – 0.4 1.1 (1.5) (0.4)
Profit/(loss) attributable to shareholders 482.0 (1.5) 480.5 493.9 (340.9) 153.0
Dividends (including dividends in respect of
non-equity shares) 8(246.0) – (246.0) (238.9) – (238.9)
Retained profit/(loss) for the period 236.0 (1.5) 234.5 255.0 (340.9) (85.9)
Earnings per share 920.7p 20.7p 17.4p 5.4p
Diluted earnings per share 920.4p 20.4p 17.3p 5.4p
Adjusted earnings per share 922.2p 22.2p 15.9p 16.3p
Diluted adjusted earnings per share 921.9p 21.9p 15.8p 16.2p
Dividend per share 810.5p 9.5p
Note of group historical cost profits and losses 52 weeks ended 52 weeks ended
29 March 30 March
2003 2002
Notes £m £m
Profit on ordinary activities before taxation 677.5 335.9
Realisation of property revaluation surplus 25 4.1 67.2
Share of joint venture’s revaluation surplus realised on disposal 25 10.4 –
Revaluation element of depreciation charge 25 1.4 1.6
Historical cost profit on ordinary activities before taxation 693.4 404.7
Historical cost retained profit/(loss) for the period 250.4 (17.1)
Consolidated statement of total recognised gains and losses 52 weeks ended 52 weeks ended
29 March 30 March
2003 2002
Notes £m £m
Profit attributable to shareholders 480.5 153.0
Exchange differences on foreign currency translation 25 3.4 0.1
Unrealised (deficit)/surplus on revaluation of
investment properties 25 (0.8) 0.5
Total recognised gains and losses relating to the period 483.1 153.6
Analysed between:
Profit on ordinary activities before
taxation and exceptional items 721.3 – 721.3 646.7 14.7 661.4
Exceptional items (42.3) (1.5) (43.8) 41.2 (366.7) (325.5)