Marks and Spencer 2012 Annual Report Download - page 111

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Financial statements Marks and Spencer Group plc Annual report and financial statements 2012 109
Overview Strategic review Financial review Governance Financial statements and other information
C5 Investments continued
B. Principal subsidiary undertakings
The Company’s principal subsidiary undertakings are set out below. A schedule of interests in all undertakings is filed with the
Annual Return.
Proportion of voting rights
and shares held by:
Principal activity Country of incorporation and operation Company A subsidiary
Marks and Spencer plc Retailing Great Britain 100% –
Marks and Spencer International Holdings Limited Holding company Great Britain – 100%
Marks and Spencer (Nederland) BV Holding company The Netherlands – 100%
Marks and Spencer Marinopoulos BV Holding company The Netherlands – 100%
Marks and Spencer Czech Republic a.s. Retailing Czech Republic – 51%
Marks and Spencer (Ireland) Limited Retailing Republic of Ireland – 100%
Marks and Spencer (Asia Pacific) Limited Retailing Hong Kong – 100%
Marks and Spencer Simply Foods Limited Retailing Great Britain – 100%
Marks and Spencer Marinopoulos Greece SA Retailing Greece – 80%
M.S. General Insurance L.P. Financial services Guernsey – 100%
per una Group Limited Procurement Great Britain – 100%
Marks and Spencer Scottish Limited Partnership Property investment Great Britain – –¹
1 Marks and Spencer plc is the general partner.
The Company has taken advantage of the exemption under Section 410 of the Companies Act 2006 by providing information
only in relation to subsidiary undertakings whose results or financial position, in the opinion of the directors, principally affected
the financial statements.
C6 Related party transactions
During the year, the Company has received dividends from Marks and Spencer plc of £273.6m (last year £250.8m) and
decreased its loan from Marks and Spencer plc by £50.1m (last year £11.7m). The outstanding balance was £2,541.7m (last
year £2,591.8m) and is non-interest bearing. There were no other related party transactions.