Marks and Spencer 2009 Annual Report Download - page 120

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Marks and Spencer Group plc Annual report and financial statements 2009 Financial statements
Group financial record
116
2009
52 weeks
£m
2008
52 weeks
£m
2007
52 weeks
£m
2006
52 weeks
£m
2005
52 weeks
£m
Income statement
Revenue – continuing operations
UK Retail 8,164.3 8,309.1 7,977.5 7,275.0 7,034.7
International Retail 897.8 712.9 610.6 522.7 455.8
Operating profit – continuing operations
UK Retail 755.0 1,095.9 956.7 784.5 528.0
International Retail 115.7 115.4 89.2 65.6 70.1
Total operating profit 870.7 1,211.3 1,045.9 850.1 598.1
Net interest payable (199.9) (141.1) (130.0) (121.9) (104.4)
Pension finance income 35.4 58.9 20.8 17.5 11.4
Profit on ordinary activities before taxation – continuing operations 706.2 1,129.1 936.7 745.7 505.1
Analysed between:
Before property disposals and exceptional items 604.4 1,007.1 965.2 751.4 556.1
Profit/(loss) on property disposals 6.4 27.0 1.9 (5.7) (0.4)
Exceptional pension credit 231.3 95.0 – – –
Exceptional finance costs –– (30.4) – –
Exceptional operating costs (135.9) – – – (50.6)
Income tax expense (199.4) (308.1) (277.5) (225.1) (150.1)
Profit after taxation 506.8 821.0 659.2 520.6 355.0
Profit from discontinued operations –– 0.7 2.5 231.2
Minority interests 1.2 0.7 – – –
Profit attributable to shareholders 508.0 821.7 659.9 523.1 586.2
2009
£m
2008
£m 2007
£m 2006
£m 2005
£m
Balance sheet
Non-current assets
Intangible non-current assets 400.3 305.5 194.1 163.5 165.4
Property, plant and equipment (including investment properties) 4,858.8 4,729.0 4,069.6 3,614.3 3,624.8
Joint venture and other financial assets 16.8 12.6 12.3 12.3 9.0
Retirement benefit asset –504.0 – – –
Trade and other receivables 590.8 428.2 247.0 242.8 211.2
Deferred tax assets 1.6 – 11.6 83.9 73.0
Non-current assets 5,868.3 5,979.3 4,534.6 4,116.8 4,083.4
Current assets 1,389.8 1,181.7 846.4 1,142.1 832.3
Total assets 7,258.1 7,161.0 5,381.0 5,258.9 4,915.7
Current liabilities (2,306.9) (1,988.9) (1,606.2) (2,017.0) (1,237.4)
Non-current liabilities
Retirement benefit deficit (152.2) (20.5) (283.3) (794.9) (676.0)
Other non-current liabilities1 (2,698.4) (3,187.6) (1,843.3) (1,243.3) (2,044.7)
Total liabilities (5,157.5) (5,197.0) (3,732.8) (4,055.2) (3,958.1)
Net assets 2,100.6 1,964.0 1,648.2 1,203.7 957.6
1 Non-current deferred tax assets have been restated by £48.4m in 2005 and 2006 due to a change in accounting policy.