Marks and Spencer 2012 Annual Report Download - page 76

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Financial statements Marks and Spencer Group plc Annual report and financial statements 2012 74
Consolidated income statement
Consolidated statement of comprehensive income
Notes
52 weeks ended
31 March 2012
£m
52 weeks ended
2 April 2011
£m
Revenue 2, 3 9,934.3 9,740.3
Operating profit 2, 3 746.5 836.9
Finance income 648.3 96.6
Finance costs 6(136.8) (152.9)
Profit before tax 4658.0 780.6
Income tax expense 7(168.4) (182.0)
Profit for the year 489.6 598.6
Attributable to:
Equity shareholders of the Company 513.1 612.0
Non-controlling interests (23.5) (13.4)
489.6 598.6
Basic earnings per share 832.5p 38.8p
Diluted earnings per share 832.2p 38.4p
Non-GAAP measures: Underlying profit before tax
Profit before tax 658.0 780.6
Adjusted for:
Profit on property disposals 5–(2.9)
IAS 19 Ireland one-off pension credit 5–(10.7)
IAS 36 Impairment of assets 544.9 6.3
IAS 39 Fair value movement of financial instrument 5(15.6) (54.3)
IAS 39 Fair value movement of embedded derivative 50.2 (20.3)
Strategic programme costs 518.4 15.6
Underlying profit before tax 1705.9 714.3
Underlying basic earnings per share 834.9p 34.8p
Underlying diluted earnings per share 834.6p 34.4p
Notes
52 weeks ended
31 March 2012
£m
52 weeks ended
2 April 2011
£m
Profit for the year 489.6 598.6
Other comprehensive income:
Foreign currency translation differences (15.1) (16.4)
Actuarial (losses)/gains on retirement benefit schemes 11 (189.9) 286.0
Tax on retirement benefit schemes 50.4 (78.0)
Cash flow and net investment hedges
– fair value movements in equity 53.0 (57.8)
– reclassified and reported in net profit (23.0) 42.1
– amount recognised in inventories 13.7 (11.2)
Tax on cash flow hedges and net investment hedges (7.3) 19.4
Other comprehensive (loss)/income for the year, net of tax (118.2) 184.1
Total comprehensive income for the year 371.4 782.7
Attributable to:
Equity shareholders of the Company 394.9 796.1
Non-controlling interests (23.5) (13.4)
371.4 782.7