Marks and Spencer 2003 Annual Report Download - page 44

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42 Marks and Spencer Gro up p.l.c.
Notes to the financial statements
14. Fixed asset investments continued
B Principal subsidiary undertakings
The Company’s principal subsidiary undertakings are set out below. A schedule of interests in all undertakings is filed with
the Annual Return.
Country of Proportion of voting rights
Principal incorporation and shares held by:
activity and operation Company A subsidiary
Marks and Spencer p.l.c. Retailing Great Britain 100% –
Marks and Spencer International Holdings Limited Holding Company Great Britain – 100%
Marks and Spencer (Nederland) BV Holding Company The Netherlands – 100%
Marks & Spencer Finance Inc Holding Company United States – 100%
Marks and Spencer Ventures Limited Holding Company Great Britain – 100%
Marks and Spencer (Ireland) Limited Retailing Republic of Ireland – 100%
Kings Super Markets Inc Retailing United States – 100%
Marks and Spencer (Asia Pacific) Limited Retailing Hong Kong – 100%
M&SCard Services Limited Credit Card Handling Great Britain – 100%
Marks and Spencer Retail Financial Services
Holdings Limited Holding Company Great Britain – 100%
Marks and Spencer Financial Services p.l.c. Financial Services Great Britain – 100%
Marks and Spencer Unit Trust Management Limited Financial Services Great Britain – 100%
Marks and Spencer Savings and Investments Limited Financial Services Great Britain – 100%
Marks and Spencer Life Assurance Limited Financial Services Great Britain – 100%
MS Insurance Limited Financial Services Guernsey – 100%
St Michael Finance p.l.c. Finance Great Britain – 100%
Marks and Spencer Finance p.l.c. Finance Great Britain – 100%
Marks and Spencer Property Holdings Limited Property Investment Great Britain – 100%
Amethyst Leasing (Properties) Limited Finance Great Britain – 100%
Amethyst Finance p.l.c. Finance Great Britain – –1
The Zip Project Limited Procurement Great Britain – 75%
1Amethyst Finance p.l.c. is a wholly owned subsidiary of a non-group company but has been consolidated in these accounts as a quasi-subsidiary
in accordance with FRS 5. The quasi-subsidiary has net assets of £nil (last year £nil), the material balances being securitised loan notes of £328.7m
(last year £331.0m) offset by an inter-company group receivable.
15. Debtors Group Company
2003 2002 2003 2002
£m £m £m £m
A Amounts receivable within one year
Trade debtors 32.1 21.9 ––
Customer advances 534.3 579.9 ––
Amounts owed by Group undertakings ––247.7 133.9
Other debtors1110.7 118.1 0.1 0.3
Prepayments and accrued income2230.8 232.2 ––
907.9 952.1 247.8 134.2
B Amounts receivable after more than one year3
Customer advances 1,481.6 1,603.1 ––
Other debtors115.7 23.2 ––
Prepayments and accrued income250.2 40.9 ––
1,547.5 1,667.2 ––
1Other debtors include an interest-free loan to an officer of the Company of £16,944 (last year £28,279).
2Prepayments and accrued income include £161.0m (last year £169.4m) in respect of the UK pension scheme. Of this, £49.4m (last year £40.1m) is
included in amounts receivable after more than one year.
3Amounts receivable after more than one year include £52.4m (last year £52.8m) of non-financial assets which have been excluded from the
analysis in note 18.