Marks and Spencer 2010 Annual Report Download - page 120

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Marks and Spencer Group plc Annual report and financial statements 2010 Financial statements 116
Key performance measures
2010
53 weeks
£m
2009
52 weeks
£m
2008
52 weeks
£m
2007
52 weeks
£m
2006
52 weeks
£m
Income statement
Revenue – continuing operations
UK 8,567.9 8,164.3 8,309.1 7,977.5 7,275.0
International 968.7 897.8 712.9 610.6 522.7
9,536.6 9,062.1 9,022.0 8,588.1 7,797.7
Operating profit – continuing operations
UK 701.1 755.0 1,095.9 956.7 784.5
International 150.9 115.7 115.4 89.2 65.6
Total operating profit 852.0 870.7 1,211.3 1,045.9 850.1
Net interest payable (160.1) (199.9) (141.1) (130.0) (121.9)
Pension finance income 10.8 35.4 58.9 20.8 17.5
Profit on ordinary activities before taxation – continuing operations 702.7 706.2 1,129.1 936.7 745.7
Analysed between:
Before property disposals and exceptional items 694.6 604.4 1,007.1 965.2 751.4
Property disposals and exceptional items 8.1 101.8 122.0 (28.5) (5.7)
Income tax expense (179.7) (199.4) (308.1) (277.5) (225.1)
Profit after taxation 523.0 506.8 821.0 659.2 520.6
2010
53 weeks
2009
52 weeks
2008
52 weeks
2007
52 weeks
2006
52 weeks
Net margin1 Operating profit/ 8.9% 9.6% 13.4% 12.2% 10.9%
Revenue
Net margin excluding property
disposals and exceptional items 8.8% 8.5% 12.1% 12.2% 11.0%
Basic earnings per share1 Basic earnings/ 33.5p 32.3p 49.2p 39.1p 31.3p
Weighted average ordinary shares
in issue
Earnings per share adjusted
for property disposals and
exceptional items1 33.0p 28.0p 43.6p 40.4p 31.4p
Dividend per share declared
in respect of the year 15.0p 17.8p 22.5p 18.3p 14.0p
Dividend cover Profit attributable to shareholders/ 2.2x 1.8x 2.3x 2.1x 2.2x
Dividend payable
Retail fixed charge cover Operating profit before depreciation
and operating lease charges/ 4.0x 3.5x 5.3x 5.9x 4.9x
Fixed charges
Net debt2 (£m) 2,068.4 2,490.8 3,077.7 1,949.5 1,729.3
1 Based on continuing operations.
2 Excludes accrued interest.