Marks and Spencer 2005 Annual Report Download - page 49

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MARKS AND SPENCER GROUP PLC 47
15 FIXED ASSET INVESTMENTS continued
Company
Shares in group
undertakings
£m
At 2 April 2005 7,648.7
At 3 April 2004 7,643.2
Shares in Group undertakings represents the Company’s investment in Marks and Spencer plc.
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 plc 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 (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&S Card Services Limited Credit Card Handling Great Britain – 100%
M.S. Insurance L.P. Financial Services Guernsey – 100%
M.S. II Insurance L.P. Financial Services Guernsey – 100%
Marks and Spencer Investments Limited Finance Great Britain – 100%
St Michael Finance plc Finance Great Britain – 100%
Marks and Spencer Finance plc Finance Great Britain – 100%
Amethyst Leasing (Properties) Limited Finance Great Britain – 100%
Amethyst Finance plc Finance Great Britain – –1
Marks and Spencer Chester Limited Property Investment Great Britain – 100%
Marks and Spencer SCM Limited Procurement Great Britain – 100%
Per Una Group Limited Procurement Great Britain – 100%
The Zip Project Limited Procurement Great Britain – 100%
The Company has taken advantage of the exemption under Section 231(5) of the Companies Act 1985 by providing information only in relation to subsidiary
undertakings whose results or financial position, in the opinion of the directors, principally affected the financial statements.
1Amethyst Finance plc 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 £0.1m (last year £nil), the material balances being securitised loan notes of £322.9m
(last year £325.6m) offset by a receivable from a group company.
16 DEBTORS Group Company
2005 2004 2005 2004
£m £m £m £m
A Amounts receivable within one year
Trade debtors 27.8 30.5 ––
Customer advances –740.8 ––
Amounts owed by Group undertakings ––205.2 262.1
Other debtors144.8 44.0 0.1 0.6
Deferred tax asset (see note 23) –3.5 ––
Prepayments and accrued income2139.4 152.8 ––
212.0 971.6 205.3 262.7
B Amounts receivable after more than one year3
Customer advances –1,711.6 ––
Other debtors16.1 8.8 ––
Prepayments and accrued income20.1 58.9 ––
6.2 1,779.3 ––
1Other debtors include interest-free loans to a director and officer of the Company of £nil (last year £45,586).
2Prepayments and accrued income include £65.6m (last year £76.0m) in respect of the UK pension scheme. In addition, prepayments include £nil (last year
£61.3m) relating to the long-term assurance business.
3Amounts receivable after more than one year include £2.0m (last year £61.1m) of non-financial assets which have been excluded from the analysis in note 19.