Marks and Spencer 2013 Annual Report Download - page 115

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Financial statements Marks and Spencer Group plc Annual report and financial statements 2013 113
Overview Strategic review Financial review Governance Financial statements and other information
Group financial record
2013
52 weeks
£m
2012
52 weeks
£m
2011
52 weeks
£m
2010
53 weeks
£m
2009
52 weeks
£m
Income statement
Revenue¹
UK 8,951.4 8,868.2 8,733.0 8,567.9 8,164.3
International 1,075.4 1,066.1 1,007.3 968.7 897.8
10,026.8 9,934.3 9,740.3 9,536.6 9,062.1
Operating profit¹
UK 635.8 658.0 679.0 701.1 755.0
International 120.2 88.5 157.9 150.9 115.7
Total operating profit 756.0 746.5 836.9 852.0 870.7
Net interest payable (212.9) (114.1) (93.9) (160.1) (199.9)
Pension finance income 21.2 25.6 37.6 10.8 35.4
Profit on ordinary activities before taxation – continuing operations 564.3 658.0 780.6 702.7 706.2
Analysed between:
Underlying profit before tax 665.2 705.9 714.3 694.6 604.4
Adjustments to reported profit (100.9) (47.9) 66.3 8.1 101.8
Income tax expense (106.3) (168.4) (182.0) (179.7) (199.4)
Profit after taxation 458.0 489.6 598.6 523.0 506.8
2013
52 weeks
2012
52 weeks
2011
52 weeks
2010
53 weeks
2009
52 weeks
Basic earnings per share¹
Basic earnings/ Weighted
average ordinary shares in issue 29.2p 32.5p 38.8p 33.5p 32.3p
Underlying basic earnings per share¹
Underlying basic earnings/
Weighted average ordinary
shares in issue 32.7p 34.9p 34.8p 33.0p 28.0p
Dividend per share declared
in respect of the year 17.0p 17.0p 17.0p 15.0p 17.8p
Dividend cover
Underlying earnings per share/
Dividend per share 1.9p 2.1x 2.0x 2.2x 1.6x
Retail fixed charge cover
Operating profit before
depreciation and operating
lease charges/Fixed charges 3.5x 3.9x 4.0x 4.0x 3.5x
Statement of financial position
Net assets (£m) 2,486.4 2,778.8 2,677.4 2,185.9 2,100.6
Net debt² (£m) 2,614.3 1,857.1 1,900.9 2,068.4 2,490.8
Capital expenditure (£m) 821.3 737.5 491.5 397.1 653.3
Stores and space
UK stores 766 731 703 690 668
UK selling space (m sq ft) 16.4 16.0 15.6 15.4 14.9
International stores 418 387 361 320 296
International selling space (m sq ft) 5.4 4.7 4.2 3.6 3.1
Staffing (full-time equivalent)
UK 51,835 51,938 49,922 48,722 50,614
International 5,683 5,116 4,753 4,272 3,539
1. Based on continuing operations.
2. Excludes accrued interest.