Marks and Spencer 2012 Annual Report Download - page 109

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Financial statements Marks and Spencer Group plc Annual report and financial statements 2012 107
Overview Strategic review Financial review Governance Financial statements and other information
Company statement of financial position
Notes
As at
31 March 2012
£m
As at
2 April 2011
£m
Assets
Non-current assets
Investments in subsidiary undertakings C5 9,194.6 9,179.8
Total assets 9,194.6 9,179.8
Liabilities
Current liabilities
Amounts owed to subsidiary undertakings 2,541.7 2,591.8
Total liabilities 2,541.7 2,591.8
Net assets 6,652.9 6,588.0
Equity
Ordinary share capital 401.4 396.2
Share premium account 294.3 255.2
Capital redemption reserve 2,202.6 2,202.6
Merger reserve 1,397.3 1,397.3
Retained earnings 2,357.3 2,336.7
Total equity 6,652.9 6,588.0
The financial statements were approved by the Board and authorised for issue on 21 May 2012. The financial statements also
comprise the notes on pages 108 and 109.
Marc Bolland Chief Executive Officer
Alan Stewart Chief Finance Officer
Company 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 4 April 2010 395.5 247.5 2,202.6 1,397.3 2,322.2 6,565.1
Profit for the year – – – – 250.8 250.8
Dividends – – – – (247.5) (247.5)
Capital contribution for share-based payments – – – – 11.2 11.2
Shares issued on the exercise of employee share options 0.7 7.7 – – – 8.4
At 2 April 2011 396.2 255.2 2,202.6 1,397.3 2,336.7 6,588.0
At 3 April 2011 396.2 255.2 2,202.6 1,397.3 2,336.7 6,588.0
Profit for the year – – – – 273.6 273.6
Dividends – – – – (267.8) (267.8)
Capital contribution for share-based payments – – – – 14.8 14.8
Shares issued on the exercise of employee share options 5.2 39.1 – – – 44.3
At 31 March 2012 401.4 294.3 2,202.6 1,397.3 2,357.3 6,652.9
Company statement of cash flows
52 weeks ended
31 March
2012
£m
52 weeks ended
2 April
2011
£m
Cash flows from investing activities
Dividends received 273.6 250.8
Net cash generated from investing activities 273.6 250.8
Cash flows from financing activities
Shares issued on exercise of employee share options 44.3 8.4
Repayment of intercompany loan (50.1) (11.7)
Equity dividends paid (267.8) (247.5)
Net cash used in financing activities (273.6) (250.8)
Net cash inflow from activities – –
Cash and cash equivalents at beginning and end of year – –