Marks and Spencer 2004 Annual Report Download - page 53

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51
www.marksandspencer.com
26. RECONCILIATION OF MOVEMENTS IN GROUP SHAREHOLDERS’ FUNDS Group
2003
2004 As restated
£m £m
Profit attributable to shareholders 552.3 507.3
Dividends (263.2) (246.0)
289.1 261.3
Other recognised (losses)/gains relating to the year (28.6) 2.6
Actuarial gains/(losses) net of taxation 150.4 (627.9)
Purchase of shares held by employee trusts (2.2) (0.4)
New share capital subscribed 24.8 23.0
Amounts deducted from profit and loss account reserve
in respect of shares issued to the QUEST –(2.9)
Redemption of B shares (33.4) (158.0)
Purchase of own shares (54.4) (141.7)
Net increase/(decrease) in shareholders’ funds 345.7 (644.0)
Opening shareholders’ funds as previously stated 3,038.4 3,080.9
Prior year adjustment (see note 25) (930.1) (328.6)
Opening shareholders’ funds as restated 2,108.3 2,752.3
Closing shareholders’ funds 2,454.0 2,108.3
27. RECONCILIATION OF OPERATING PROFIT TO NET CASH INFLOW FROM OPERATING ACTIVITIES
Group
2003
2004 As restated
£m £m
Operating profit 823.9 729.1
Exceptional operating charges (see note 4A) 42.1 43.9
Operating profit before exceptional charges 866.0 773.0
Depreciation 241.9 234.9
Increase in stocks (38.9) (37.5)
(Increase)/decrease in customer advances (436.5) 167.1
Increase in customer deposits 360.7 46.7
Decrease in other debtors 21.2 9.6
Increase/(decrease) in creditors 100.3 (5.8)
Net cash inflow before exceptional items 1,114.7 1,188.0
Exceptional operating cash outflow (see note 28A) (48.2) (19.3)
Cash inflow from operating activities before contribution to the pension fund 1,066.5 1,168.7
Contribution to the pension fund (400.0) –
Cash inflow from operating activities 666.5 1,168.7