Marks and Spencer 2009 Annual Report Download - page 119

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11
5
B. Principal subsidiary undertakings
The Company’s principal subsidiary undertakings are set out below. A schedule of interests in all undertakings is filed with the Annual Return.
Proportion of voting rights
and shares held by:
Principal activity Country of incorporation and operation Company A subsidiary
Marks and Spencer plc Retailing Great Britain 100% –
Marks and Spencer International Holdings Limited Holding Company Great Britain – 100%
Marks and Spencer (Nederland) BV Holding Company The Netherlands – 100%
Marks and Spencer Marinopoulos BV Holding Company The Netherlands – 50%
Marks and Spencer Czech Republic a.s. Retailing Czech Republic – 51%
Marks and Spencer (Ireland) Limited Retailing Republic of Ireland – 100%
Marks and Spencer (Asia Pacific) Limited Retailing Hong Kong – 100%
Marks and Spencer Simply Foods Limited Retailing Great Britain – 100%
Marks and Spencer Marinopoulos Greece SA Retailing Greece – 100%
M.S. Insurance L.P. Financial Services Guernsey – 100%
Marks and Spencer Investments Limited Finance Great Britain – 100%
St Michael Finance plc Finance Great Britain – 100%
Marks and Spencer SCM Limited Procurement Great Britain – 100%
Per Una Group Limited Procurement Great Britain – 100%
Marks and Spencer Scottish Limited Partnership Property Investment Great Britain – –1
1 Marks and Spencer plc is the general partner.
The Company has taken advantage of the exemption under section 231(5) of the Companies Act 1985 by providing information only in
relation to subsidiary undertakings whose results or financial position, in the opinion of the directors, principally affected the financial
statements.
C6 Statement of changes in shareholders’ equity
Ordinary
share capital
£m
Share
premium
account
£m
Capital
redemption
reserve
£m
Merger
reserve
£m
Retained
earnings
£m Total
£m
At 1 April 2007 424.9 202.9 2,168.5 1,397.3 2,880.4 7,074.0
Profit for the year attributable to shareholders – – – – 344.1 344.1
Dividends – – – – (343.6) (343.6)
Capital contribution for share-based payments – – – – 11.8 11.8
Shares purchased in buy-back (31.4) – 31.4 – (555.9) (555.9)
Shares issued on exercise of employee share options (see note 12) 3.1 28.5 – – – 31.6
At 29 March 2008 396.6 231.4 2,199.9 1,397.3 2,336.8 6,562.0
At 30 March 2008 396.6 231.4 2,199.9 1,397.3 2,336.8 6,562.0
Profit for the year attributable to shareholders – – – – 356.3 356.3
Dividends – – – – (354.6) (354.6)
Capital contribution for share-based payments – – – – 11.1 11.1
Shares purchased in buy-back (2.7) –2.7 – (40.9) (40.9)
Shares issued on exercise of employee share options (see note 12) 0.5 4.8 – – –5.3
At 28 March 2009 394.4 236.2 2,202.6 1,397.3 2,308.7 6,539.2
C7 Related party transactions
During the year, the Company has received dividends from Marks and Spencer plc of £356.3m (last year £344.0m) and has increased its
loan from Marks and Spencer plc by £34.7m (last year £523.8m). The outstanding balance was £2,619.3m (last year £2,584.6m). There
were no other related party transactions.