Marks and Spencer 2005 Annual Report Download - page 37

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MARKS AND SPENCER GROUP PLC 35
2SEGMENTAL INFORMATION
A Classes of business
During the year, the Group had two classes of business: Retailing and Financial Services. Financial Services activities were discontinued
during the period.
Turnover Operating profit Operating assets
2005 2004 2005 2004 2005 2004
£m £m £m £m £m £m
Retailing activities
Continuing operations: 7,710.3 7,971.5 576.2 767.3 3,066.6 3,071.5
Before exceptional operating charges 667.6 809.4
Exceptional operating charges (91.4) (42.1)
Acquired operation ––9.5 –(2.8) –
Discontinued operations1232.0 330.0 32.3 56.6 –601.2
Total 7,942.3 8,301.5 618.0 823.9 3,063.8 3,672.7
(Loss)/profit on sale of property and other fixed assets (0.4) 18.7
Profit on sale/closure of operations 218.6 –
Net interest expense (102.3) (45.8)
Other finance income/(charges) 11.4 (15.2)
Profit on ordinary activities before taxation 745.3 781.6
Net operating assets 3,063.8 3,672.7
Non-operating net liabilities (2,542.4) (1,218.7)
Net assets 521.4 2,454.0
B Geographical split
The geographical segments disclose turnover and operating profit by destination and reflect management responsibility.
Turnover Operating profit Operating assets
2005 2004 2005 2004 2005 2004
£m £m £m £m £m £m
United Kingdom
Continuing operations: 7,034.7 7,293.7 511.2 719.9 2,869.2 2,954.2
Before exceptional operating charges 602.6 762.0
Exceptional operating charges (91.4) (42.1)
Acquired operation ––9.5 –(2.8) –
Discontinued operations1232.0 330.0 32.3 56.6 –601.2
7,266.7 7,623.7 553.0 776.5 2,866.4 3,555.4
International Retail 675.6 677.8 65.0 47.4 197.4 117.3
7,942.3 8,301.5 618.0 823.9 3,063.8 3,672.7
1Discontinued operations relate entirely to Financial Services activities. Operating profit for Financial Services includes £1.6m (last year £9.3m) arising
on Marks & Spencer Chargecard transactions. This fee is payable by UK Retail and has been deducted in arriving at UK Retail operating profit. Operating
profit for the comparative period has been restated to reflect the results of the Bureau de Change being reclassified from UK Retail to be included within the
Financial Services results.
2UK Retail turnover including VAT comprises Clothing £3,837.3m (last year £4,032.6m); Home £407.6m (last year £526.6m) and Foods £3,509.7m (last year
£3,490.2m). VAT on UK Retail turnover was £719.9m (last year £755.7m).
3Turnover from continuing operations originates in the following geographical segments: United Kingdom £7,208.9m (last year £7,453.4m) and International
£501.4m (last year £518.1m).
4The value of goods exported from the UK, including shipments to international subsidiaries, amounted to £319.9m (last year £293.0m).