Marks and Spencer 2009 Annual Report Download - page 91
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87
3 Expense analysis
2009 2008
Before
property
disposals
and
exceptional
items
£m
Property
disposals
and
exceptional
items
£m
Total
£m
Before
property
disposals
and
exceptional
items
£m
Property
disposals
and
exceptional
items
£m Total
£m
Revenue 9,062.1 –9,062.1 9,022.0 – 9,022.0
Cost of sales (5,690.2) –(5,690.2) (5,535.2) – (5,535.2)
Gross profit 3,371.9 –3,371.9 3,486.8 – 3,486.8
Selling and marketing expenses (2,074.4) –(2,074.4) (1,912.7) – (1,912.7)
Administrative expenses (570.1) –(570.1) (534.5) – (534.5)
Other operating income 41.5 –41.5 49.7 – 49.7
Profit on property disposals –6.4 6.4 – 27.0 27.0
Exceptional costs (see note 5) –(135.9) (135.9) – – –
Exceptional pension credit (see note 5) –231.3 231.3 – 95.0 95.0
Operating profit 768.9 101.8 870.7 1,089.3 122.0 1,211.3
The cost of sales above includes inventories recognised as an expense in the year.
The selling and marketing expenses and administrative expenses in the table above are further analysed in the table below:
2009 2008
Selling and
marketing
expenses
£m
Adminis-
trative
expenses
£m
Total
£m
Selling and
marketing
expenses
£m
Adminis-
trative
expenses
£m Total
£m
Employee costs (see note 10A) 923.2 231.1 1,154.3 920.4 230.1 1,150.5
Occupancy costs 439.2 77.5 516.7 366.9 64.8 431.7
Repairs, renewals and maintenance of property 76.6 19.1 95.7 79.0 19.8 98.8
Depreciation 343.5 38.2 381.7 266.7 29.6 296.3
Amortisation 24.6 2.7 27.3 19.2 2.1 21.3
Other costs 267.3 201.5 468.8 260.5 188.1 448.6
Operating expenses 2,074.4 570.1 2,644.5 1,912.7 534.5 2,447.2