Marks and Spencer 2005 Annual Report Download - page 56

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54 MARKS AND SPENCER GROUP PLC
Notes to the financial statements continued
27 RECONCILIATION OF MOVEMENTS IN GROUP SHAREHOLDERS’ FUNDS Group
2005 2004
£m £m
Profit attributable to shareholders 587.0 552.3
Dividends (203.3) (263.2)
383.7 289.1
Other recognised gains/(losses) relating to the year 4.2 (28.6)
Actuarial (losses)/gains net of taxation (55.1) 150.4
Sale/(purchase) of shares held by employee trusts 0.3 (2.2)
New share capital subscribed 68.4 24.8
Redemption of B shares (19.2) (33.4)
Purchase of own shares (2,300.0) (54.4)
Tender Offer expenses (14.9) –
Net (decrease)/increase in shareholders’ funds (1,932.6) 345.7
Opening shareholders’ funds 2,454.0 2,108.3
Closing shareholders’ funds 521.4 2,454.0
28 RECONCILIATION OF OPERATING PROFIT TO NET CASH INFLOW FROM OPERATING ACTIVITIES
Group
2005 2004
Continuing operations £m £m
Operating profit 585.7 767.3
Exceptional operating charges (see note 4A) 91.4 42.1
Operating profit before exceptional operating charges 677.1 809.4
Depreciation 250.4 238.9
Amortisation of goodwill 3.1 –
Decrease/(increase) in stocks 55.7 (38.9)
(Increase)/decrease in debtors (3.5) 38.8
(Decrease)/increase in creditors (38.0) 2.3
Net cash inflow before exceptional operating cash outflow 944.8 1,050.5
Exceptional operating cash outflow (see note 29A) (87.3) (48.2)
Cash inflow from continuing operating activities before contribution to the pension fund 857.5 1,002.3
Contribution to the pension fund following 2003 actuarial valuation –(400.0)
Cash inflow from continuing operating activities1857.5 602.3
Discontinued operations
Operating profit 32.3 56.6
Depreciation 1.8 3.0
Increase in customer advances (19.6) (436.5)
Increase in customer deposits 697.3 360.7
Decrease/(increase) in debtors 6.7 (17.6)
(Decrease)/increase in creditors (0.6) 98.0
Cash inflow from discontinued operating activities2717.9 64.2
Cash inflow from operating activities 1,575.4 666.5
1Included within cash inflow from continuing operating activities is a cash inflow attributable to acquired operations of £15.7m.
2In relation to discontinued operating activities, cash outflows of £nil (last year £24.4m ) and £0.5m (last year £5.8m) were incurred in respect of corporation tax
and fixed assets purchases respectively.