Marks and Spencer 2008 Annual Report Download - page 59

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Consolidated income statement
52 weeks 52 weeks
ended ended
29 March 31 March
2008 2007
Notes £m £m
Revenue – continuing operations 2, 3 9,022.0 8,588.1
Operating profit – continuing operations 2, 3 1,211.3 1,045.9
Finance income 564.4 33.8
Finance costs 5(146.6) (143.0)
Analysed between:
Before exceptional finance costs 5(146.6) (112.6)
Exceptional finance costs –(30.4)
Profit on ordinary activities before taxation – continuing operations 41,129.1 936.7
Analysed between:
Before property disposals and exceptional items 1,007.1 965.2
Profit on property disposals 327.0 1.9
Exceptional pension credit 2, 11 95.0 –
Exceptional finance costs 5–(30.4)
Income tax expense 6(308.1) (277.5)
Profit on ordinary activities after taxation – continuing operations 821.0 659.2
Profit from discontinued operation 7–0.7
Profit for the year 821.0 659.9
Attributable to:
Equity shareholders of the Company 821.7 659.9
Minority interests (0.7) –
821.0 659.9
Basic earnings per share 8A 49.2p 39.1p
Diluted earnings per share 8B 48.7p 38.5p
Basic earnings per share from continuing operations 8A 49.2p 39.1p
Diluted earnings per share from continuing operations 8B 48.7p 38.5p
Non-GAAP measure:
Adjusted profit before taxation (£m) 11,007.1 965.2
Adjusted basic earnings per share from continuing operations 8A 43.6p 40.4p
Adjusted diluted earnings per share from continuing operations 8B 43.2p 39.8p
Consolidated statement of recognised
income and expense 52 weeks 52 weeks
ended ended
29 March 31 March
2008 2007
£m £m
Profit for the year 821.0 659.9
Foreign currency translation differences 21.3 (14.0)
Actuarial gains/(losses) on retirement benefit asset/deficit 605.4 (8.6)
Cash flow and net investment hedges
– losses deferred in equity (33.5) (7.4)
– recycled and reported in net profit 1.3 10.7
– amount recognised in inventories 2.4 2.1
Tax on items taken directly to equity (185.7) 24.5
Net gains not recognised in the income statement 411.2 7.3
Total recognised income and expense for the year 1,232.2 667.2
Attributable to:
Equity shareholders of the Company 1,232.9 667.2
Minority interests (0.7) –
1,232.2 667.2
marksandspencer.com/annualreport08 MARKS AND SPENCER GROUP PLC 57
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