Marks and Spencer 2007 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2007 Marks and Spencer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

22 SSEEGGMMEENNTTAALL IINNFFOORRMMAATTIIOONN
The Group’s primary reporting segments are geographic, with the Group operating in two geographic areas being the UK and
International. The International segment consists of the Marks & Spencer owned businesses in the Republic of Ireland and Hong
Kong, together with franchised operations. The geographic segments disclose revenue, operating profit and segment assets and
liabilities by destination and reflect management responsibility. Within each geographic segment the Group sells both food and
general merchandise and secondary segment disclosure is given for revenue. Given that both food and general merchandise
are sold from the same locations it is not practical to provide segmental information on operating assets and capital expenditure
at this level.
The geographic segment results are as follows:
Revenue Operating profit Segment assets Segment liabilities
2006
2
20000772006 220000772006 22000077(restated) 220000772006
££mm£m ££mm£m ££mm£m ££mm£m
UUKK RReettaaiill
Before property disposals 7
7,,997777..557,275.0 995566..55790.1
Profit/(loss) on property disposals –
––00..22(5.6)
7
7,,997777..557,275.0 995566..77784.5 44,,998888..444,479.6 ((11,,881111..44))(1,630.7)
I
Inntteerrnnaattiioonnaall RReettaaiill
Owned stores1
13
36699..55324.2 4455..4435.8
Franchised stores 2
24411..11198.5 4422..1129.9
Before property disposals 6
61100..66522.7 8877..5565.7
Profit/(loss) on property disposals –
––11..77(0.1)
661100..66522.7 8899..2265.6 229955..77214.5 ((6611..77))(81.5)
To t a l 8
8,,558888..117,797.7 11,,004455..99850.1 55,,228844..114,694.1 ((11,,887733..11))(1,712.2)
Assets/(liabilities) from
discontinued operation2
2–
–69.5 ––(20.5)
Total non-operating assets/(liabilities)3
39
966..99495.3 ((11,,885599..77))(2,322.5)
TToottaall aasssseettss//((lliiaabbiilliittiieess))55,,338811..005,258.9 ((33,,773322..88))(4,055.2)
1
1Owned stores consist of the Marks & Spencer owned businesses in the Republic of Ireland and Hong Kong.
22The assets and liabilities in the comparative period relate to Kings Super Markets.
33Non-operating assets and liabilities include balances in respect of financing and taxation.
Revenue originates in the following geographical segments: United Kingdom £8,218.6m (last year £7,473.5m) and International
£369.5m (last year £324.2m). The value of goods exported from the UK, including shipments to international subsidiaries, amounted
to £438.0m (last year £367.6m).
Included within UK Retail is an operating profit of £19.5m (last year £9.6m) in respect of fees received from HSBC in relation to
M&S Money.
Other segment items:
220000772006
U
Unniitteedd United
K
KiinnggddoommIInntteerrnnaattiioonnaallTToottaallKingdom International Total
££mm££mm££mm£m £m £m
RReevveennuuee
General Merchandise 4
4,,000022..88442233..9944,,442266..773,651.8 366.0 4,017.8
Foods 3
3,,997744..77118866..7744,,116611..443,623.2 156.7 3,779.9
7
7,,997777..55661100..6688,,558888..117,275.0 522.7 7,797.7
Expenditure on intangible assets (see note 13) 4466..55––4466..5510.7 0.2 10.9
Expenditure on property, plant and equipment (see note 14) 7
71188..992277..00774455..99307.3 14.1 321.4
Amortisation (see note 13) 1
144..22––1144..2212.7 – 12.7
Depreciation (see note 14) 2
25588..441100..11226688..55252.5 8.8 261.3
Since last year end, gifts have been reclassified from both clothing and food to be incorporated within home. Accordingly, £7.4m
of revenue has been reclassified from foods to general merchandise. Within general merchandise £20.8m of revenue has been
reclassified between clothing and home.
Notes to the financial statements continued
6
600MARKS AND SPENCER GROUP PLC wwwwww..mmaarrkkssaannddssppeenncceerr..ccoomm//aannnnuuaallrreeppoorrtt22000077