Marks and Spencer 2006 Annual Report Download - page 52

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50 www.marksandspencer.com/financialstatements2006 Marks and Spencer Group plc
Consolidated income statement
52 weeks 52 weeks
ended ended
1 April 2006 2 April 2005
Notes £m £m
Revenue 27,797.7 7,490.5
Operating profit
Before exceptional operating charges 850.1 648.7
Exceptional operating charges –(50.6)
2,3 850.1 598.1
Interest payable and similar charges 5(134.9) (120.9)
Interest receivable 530.5 27.9
Profit on ordinary activities before taxation 745.7 505.1
Analysed between:
Before exceptional operating charges and property disposals 751.4 556.1
Loss on property disposals 3(5.7) (0.4)
Exceptional operating charges 3–(50.6)
Income tax expense 6(225.1) (150.1)
Profit on ordinary activities after taxation 520.6 355.0
Profit from discontinued operations 7A 2.5 231.2
Profit for the year attributable to shareholders 523.1 586.2
Earnings per share 8A 31.4p 29.1p
Diluted earnings per share 8B 31.1p 28.9p
Earnings per share from continuing operations 8A 31.3p 17.6p
Diluted earnings per share from continuing operations 8B 31.0p 17.4p
Non-GAAP measure:
Adjusted profit before tax (£m) 1751.4 556.1
Adjusted earnings per share 8A 31.4p 19.2p
Adjusted diluted earnings per share 8B 31.1p 19.0p
Consolidated statement of recognised income
and expense
52 weeks 52 weeks
ended ended
1 April 2006 2 April 2005
Notes £m £m
Profit for the year attributable to shareholders 523.1 586.2
Exchange differences on translation of foreign operations 11.1 –
Actuarial losses on defined benefit pension schemes (169.3) (78.1)
Tax on items taken directly to equity 80.7 24.9
Hedging reserve
– fair value movement (3.1) –
– recycled and reported in net profit (1.4) –
– amount recognised in inventories (3.8) –
Net losses not recognised in the income statement (85.8) (53.2)
Total recognised income and expense for the year 437.3 533.0
Effect of changes in accounting policy:
First time adoption of IAS 39 (net of tax) 34 (1.9)