Marks and Spencer 2009 Annual Report Download - page 90

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Marks and Spencer Group plc Annual report and financial statements 2009 Financial statements
Notes to the financial statements
continued
86
2 Segmental information
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, Europe and Asia, 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
2009
£m
2008
£m 2009
£m
2008
£m 2009
£m
2008
£m 2009
£m
2008
£m
UK Retail
Before property disposals and exceptional
items 8,164.3 8,309.1 652.8 972.9
Profit on property disposals ––6.8 28.0
Exceptional costs1 ––(135.9) –
Exceptional pension credit1 ––231.3 95.0
8,164.3 8,309.1 755.0 1,095.9 6,229.0 6,514.4 (1,649.5) (1,928.0)
International Retail
Owned stores2 625.5 426.7 45.8 44.5
Franchised stores 272.3 286.2 70.3 71.9
Before property disposals 897.8 712.9 116.1 116.4
Loss on property disposals ––(0.4) (1.0)
897.8 712.9 115.7 115.4 481.6 397.1 (116.2) (77.7)
Total 9,062.1 9,022.0 870.7 1,211.3 6,710.6 6,911.5 (1,765.7) (2,005.7)
Total non-operating assets/(liabilities)3 547.5 249.5 (3,391.8) (3,191.3)
Total assets/(liabilities) 7,258.1 7,161.0 (5,157.5) (5,197.0)
1 See note 5 for further explanation.
2 Owned stores consist of the Marks & Spencer owned businesses in the Republic of Ireland, Hong Kong, China and, since 29 February 2008, Greece, a number of other Balkan
states and Switzerland, and since 20 March 2008, the Czech Republic, Slovakia, Latvia and Lithuania, which were included in franchised stores up to that date.
3 Non-operating assets and liabilities include balances in respect of financing and taxation.
Revenue originates in the following geographical segments: United Kingdom £8,436.6m (last year £8,595.3m) and International £625.5m
(last year £426.7m). The value of goods exported from the UK, including shipments to international subsidiaries, amounted to £560.7m (last
year £499.7m).
Included within UK Retail is an operating profit of £24.8m (last year £28.3m) in respect of fees received from HSBC in relation to M&S Money.
Other segment items:
2009 2008
United
Kingdom
£m
International
£m
Total
£m
United
Kingdom
£m International
£m Total
£m
Revenue
General merchandise 3,918.3 625.5 4,543.8 4,059.3 491.7 4,551.0
Food 4,246.0 272.3 4,518.3 4,249.8 221.2 4,471.0
8,164.3 897.8 9,062.1 8,309.1 712.9 9,022.0
Expenditure on intangible assets excluding goodwill (see note 13) 120.2 0.5 120.7 83.7 – 83.7
Expenditure on property, plant and equipment (see note 14) 491.6 39.7 531.3 919.9 50.9 970.8
Amortisation (see note 13) 27.1 0.2 27.3 21.3 – 21.3
Depreciation (see note 14) 357.3 24.4 381.7 281.7 14.6 296.3