Marks and Spencer 2008 Annual Report Download - page 60

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58 MARKS AND SPENCER GROUP PLC
Consolidated balance sheet
As at As at
29 March 31 March
2008 2007
Notes £m £m
Assets
Non-current assets
Intangible assets 13 305.5 194.1
Property, plant and equipment 14 4,704.0 4,044.5
Investment property 15 25.0 25.1
Investment in joint venture 16 9.6 9.3
Other financial assets 17 3.0 3.0
Retirement benefit asset 11 504.0 –
Trade and other receivables 18 410.0 247.0
Derivative financial instruments 22 18.2 –
Deferred tax assets 24 –11.6
5,979.3 4,534.6
Current assets
Inventories 488.9 416.3
Other financial assets 17 48.8 50.9
Trade and other receivables 18 307.6 196.7
Derivative financial instruments 22 18.4 2.4
Cash and cash equivalents 19 318.0 180.1
1,181.7 846.4
Total assets 7,161.0 5,381.0
Liabilities
Current liabilities
Trade and other payables 20 976.6 1,043.9
Derivative financial instruments 22 35.1 8.3
Borrowings and other financial liabilities 21 878.6 461.0
Partnership liability to the Marks & Spencer UK Pension Scheme 21 50.0 –
Current tax liabilities 37.5 87.3
Provisions 23 11.1 5.7
1,988.9 1,606.2
Non-current liabilities
Borrowings and other financial liabilities 21 1,936.5 1,234.5
Partnership liability to the Marks & Spencer UK Pension Scheme 21 673.2 496.9
Retirement benefit deficit 11 20.5 283.3
Trade and other payables 20 191.2 87.6
Derivative financial instruments 22 –0.2
Provisions 23 14.6 16.8
Deferred tax liabilities 24 372.1 7.3
3,208.1 2,126.6
Total liabilities 5,197.0 3,732.8
Net assets 1,964.0 1,648.2
Equity
Called-up share capital – equity 26, 27 396.6 424.9
Share premium account 27 231.4 202.9
Capital redemption reserve 27 2,199.9 2,168.5
Hedging reserve 27 (36.9) (4.4)
Other reserve 27 (6,542.2) (6,542.2)
Retained earnings 27 5,707.9 5,397.1
Total shareholders’ equity 1,956.7 1,646.8
Minority interests in equity 7.3 1.4
Total equity 1,964.0 1,648.2
The financial statements were approved by the Board and authorised for issue on 19 May 2008. The financial statements also
comprise the notes on pages 60 to 91.
Sir Stuart Rose, Chief Executive
Ian Dyson, Group Finance and Operations Director