Marks and Spencer 2006 Annual Report Download - page 98

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96 Marks and Spencer Group plc
Company statement of changes in shareholders’ equity
52 weeks 52 weeks
ended ended
1 April 2006 2 April 2005
£m £m
Profit attributable to shareholders 202.7 947.9
Dividends (204.1) (239.7)
(1.4) 708.2
Shares issued on the exercise of share options 61.8 68.4
Purchase of own shares –(2,300.0)
Tender Offer expenses –(14.9)
Redemption of B shares –(19.2)
Change in shareholders’ equity 60.4 (1,557.5)
Opening shareholders’ equity 6,945.1 8,502.6
First time adoption of IAS 32 and 39 (65.7) –
Closing shareholders’ equity 6,939.8 6,945.1
Company cash flow statement
52 weeks 52 weeks
ended ended
1 April 2006 2 April 2005
£m £m
Cash flows from operating activities
Cash generated from operations (0.4) 0.7
Tax paid (0.5) –
Net cash (outflow)/inflow from operating activities (0.9) 0.7
Cash flows from investing activities
Dividends received 205.2 946.7
Pre-acquisition dividend received –1,626.7
Investment in subsidiary (0.1) (5.5)
Interest received –1.7
Net cash inflow from investing activities 205.1 2,569.6
Cash flows from financing activities
Interest paid (2.5) –
Non-equity dividends paid –(2.8)
Purchase of own shares –(2,300.0)
Redemption of non-equity B shares (11.0) (19.2)
Shares issued under employee share schemes 61.8 68.4
Repayment of intercompany loan (48.4) (64.9)
Tender Offer expenses –(14.9)
Equity dividends paid (204.1) (236.9)
Net cash outflow from financing activities (204.2) (2,570.3)
Net cash inflow from activities ––
Cash and cash equivalents at beginning and end of period – –