Marks and Spencer 2004 Annual Report Download - page 57

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55
www.marksandspencer.com
Group financial record continued
2003
2004 52 weeks 2002 2001 2000
53 weeks As restated 52 weeks 52 weeks 53 weeks
£m £m £m £m £m
Balance sheet
Intangible fixed assets ––––1.3
Tangible fixed assets 3,497.6 3,435.1 3,381.2 4,118.9 4,242.1
Fixed asset investments 10.0 29.7 50.3 58.3 55.0
Current assets 3,869.5 3,246.3 3,760.7 3,516.2 3,717.1
Total assets 7,377.1 6,711.1 7,192.2 7,693.4 8,015.5
Creditors due within one year (1,884.7) (1,710.9) (1,750.8) (1,981.6) (2,162.8)
Total assets less current liabilities 5,492.4 5,000.2 5,441.4 5,711.8 5,852.7
Creditors due after more than one year (2,519.6) (1,810.0) (2,156.3) (735.1) (804.3)
Provisions for liabilities and charges (49.3) (186.1) (203.8) (395.3) (199.4)
Net post-retirement liability (469.5) (895.8) – – –
Net assets 2,454.0 2,108.3 3,081.3 4,581.4 4,849.0
2004 2003 2002 2001 2000
53 weeks 52 weeks 52 weeks 52 weeks 53 weeks
£m £m £m £m £m
Cash flow
Net cash inflow from operating activities 666.5 1,168.7 1,093.7 676.4 641.5
Dividends received from joint venture –8.0–––
Returns on investments and servicing of finance (49.8) (46.2) 36.8 12.6 15.2
Taxation (220.4) (216.9) (179.4) (164.6) (145.7)
Capital expenditure and financial investment (293.9) (294.4) 176.0 (258.2) (167.0)
Acquisitions and disposals 51.3 (38.8) 261.6 5.9 (21.1)
Equity dividends paid (247.1) (225.4) (256.7) (258.6) (413.5)
Cash (outflow)/inflow before management of liquid (93.4) 355.0 1,132.0 13.5 (90.6)
resources and financing
Management of liquid resources (89.0) (46.9) (29.1) 263.7 (162.5)
Financing 347.0 (712.3) (730.2) (265.4) 260.3
Increase/(decrease) in cash 164.6 (404.2) 372.7 11.8 7.2
Increase/(decrease) in net debt defined by FRS 1 163.3 (75.6) 629.2 26.4 69.8