Marks and Spencer 2012 Annual Report Download - page 112

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Financial statements Marks and Spencer Group plc Annual report and financial statements 2012 110
Group financial record
2012
52 weeks
£m
2011
52 weeks
£m
2010
53 weeks
£m
2009
52 weeks
£m
2008
52 weeks
£m
Income statement
Revenue¹
UK 8,868.2 8,733.0 8,567.9 8,164.3 8,309.1
International 1,066.1 1,007.3 968.7 897.8 712.9
9,934.3 9,740.3 9,536.6 9,062.1 9,022.0
Operating profit¹
UK 658.0 679.0 701.1 755.0 1,095.9
International 88.5 157.9 150.9 115.7 115.4
Total operating profit 746.5 836.9 852.0 870.7 1,211.3
Net interest payable (114.1) (93.9) (160.1) (199.9) (141.1)
Pension finance income 25.6 37.6 10.8 35.4 58.9
Profit on ordinary activities before taxation – continuing operations 658.0 780.6 702.7 706.2 1,129.1
Analysed between:
Underlying profit before tax 705.9 714.3 694.6 604.4 1,007.1
Adjustments to reported profit (47.9) 66.3 8.1 101.8 122.0
Income tax expense (168.4) (182.0) (179.7) (199.4) (308.1)
Profit after taxation 489.6 598.6 523.0 506.8 821.0
2012
52 weeks
2011
52 weeks
2010
53 weeks
2009
52 weeks
2008
52 weeks
Basic earnings per share¹
Basic earnings/ Weighted
average ordinary shares in issue 32.5p 38.8p 33.5p 32.3p 49.2p
Underlying basic earnings per share¹
Underlying basic earnings/
Weighted average ordinary
shares in issue 34.9p 34.8p 33.0p 28.0p 43.6p
Dividend per share declared
in respect of the year 17.0p 17.0p 15.0p 17.8p 22.5p
Dividend cover
Underlying earnings per share/
Dividend per share 2.1x 2.0x 2.2x 1.6x 1.9x
Retail fixed charge cover
Operating profit before
depreciation and operating lease
charges/ Fixed charges 3.9x 4.0x 4.0x 3.5x 5.3x
Statement of financial position
Net assets (£m) 2,778.8 2,677.4 2,185.9 2,100.6 1,964.0
Net debt² (£m) 1,857.1 1,900.9 2,068.4 2,490.8 3,077.7
Capital expenditure3 (£m) 737.5 491.5 397.1 653.3 1,102.9
Stores and space
UK stores 731 703 690 668 622
UK selling space (m sq ft) 16.0 15.6 15.4 14.9 14.3
International stores 388 361 320 296 278
International selling space (m sq ft) 4.7 4.2 3.6 3.1 2.9
Staffing (full-time equivalent)
UK 51,938 49,922 48,722 50,614 49,703
International 5,116 4,753 4,272 3,539 2,573
1 Based on continuing operations.
2 Excludes accrued interest.
3 2012 includes £32.4m of M&S Mode brands and 2008 includes £48.4m of goodwill.