Marks and Spencer 2006 Annual Report Download - page 97

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95Marks and Spencer Group plc
Company income statement
52 weeks 52 weeks
ended ended
1 April 2006 2 April 2005
Notes £m £m
Operating profit C2, C3 ––
Income from shares in Group undertakings 205.2 946.7
Interest receivable C4 –1.7
Interest payable and similar charges C4 (2.5) –
Profit on ordinary activities before taxation 202.7 948.4
Income tax expense –(0.5)
Profit for the year attributable to shareholders 202.7 947.9
Company balance sheet
2006 2005
Notes £m £m
ASSETS
Non-current assets
Investments in Group undertakings C6 9,046.1 9,046.0
Current assets
Trade and other receivables 0.4 0.1
Total assets 9,046.5 9,046.1
LIABILITIES
Current liabilities
Amounts owed to Group undertakings 2,051.7 2,100.1
Current tax liabilities –0.5
Trade and other payables 0.3 0.4
Non-equity B shares 54.7 –
Total liabilities 2,106.7 2,101.0
Net assets 6,939.8 6,945.1
EQUITY
Called up share capital – equity 420.6 414.5
Called up share capital – non-equity –65.7
Share premium account C7 162.3 106.6
Capital redemption reserve C7 2,113.8 2,102.8
Merger reserve C7 1,397.3 1,397.3
Retained earnings C7 2,845.8 2,858.2
Total equity 6,939.8 6,945.1
Approved by the Board
26 May 2006
Stuart Rose, Chief Executive
Ian Dyson, Group Finance Director