Marks and Spencer 2012 Annual Report Download - page 77

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Financial statements Marks and Spencer Group plc Annual report and financial statements 2012 75
Overview Strategic review Financial review Governance Financial statements and other information
Consolidated statement of financial position
Notes
As at
31 March 2012
£m
As at
2 April 2011
£m
Assets
Non-current assets
Intangible assets 14 584.3 527.7
Property, plant and equipment 15 4,789.9 4,662.2
Investment property 15.9 16.0
Investment in joint ventures 14.4 13.0
Other financial assets 16 3.0 3.0
Retirement benefit asset 11 91.3 182.6
Trade and other receivables 17 270.2 276.1
Derivative financial instruments 21 44.2 21.8
5,813.2 5,702.4
Current assets
Inventories 681.9 685.3
Other financial assets 16 260.5 215.9
Trade and other receivables 17 253.0 250.3
Derivative financial instruments 21 67.0 18.4
Current tax receivable 1.6 1.6
Cash and cash equivalents 18 196.1 470.2
1,460.1 1,641.7
Total assets 7,273.3 7,344.1
Liabilities
Current liabilities
Trade and other payables 19 1,449.1 1,347.6
Borrowings and other financial liabilities 20 327.7 602.3
Partnership liability to the Marks & Spencer UK Pension Scheme 12 71.9 71.9
Derivative financial instruments 21 60.5 50.7
Provisions 22 8.4 22.7
Current tax liabilities 87.8 115.0
2,005.4 2,210.2
Non-current liabilities
Retirement benefit deficit 11 13.3 14.1
Trade and other payables 19 280.8 262.3
Borrowings and other financial liabilities 20 1,948.1 1,924.1
Derivative financial instruments 21 27.2 37.5
Provisions 22 24.0 22.0
Deferred tax liabilities 23 195.7 196.5
2,489.1 2,456.5
Total liabilities 4,494.5 4,666.7
Net assets 2,778.8 2,677.4
Equity
Issued share capital 24 401.4 396.2
Share premium account 294.3 255.2
Capital redemption reserve 2,202.6 2,202.6
Hedging reserve 14.8 (11.3)
Other reserve (6,114.3) (6,042.4)
Retained earnings 5,991.4 5,873.2
Total shareholders’ equity 2,790.2 2,673.5
Non-controlling interests in equity (11.4) 3.9
Total equity 2,778.8 2,677.4
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 78 to 106.
Marc Bolland Chief Executive Officer
Alan Stewart Chief Finance Officer