Marks and Spencer 2013 Annual Report Download - page 80

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Financial statements Marks and Spencer Group plc Annual report and financial statements 2013 78
Financial statements
Consolidated income statement
Consolidated statement of comprehensive income
Notes
52 weeks ended
30 March 2013
£m
52 weeks ended
31 March 2012
£m
Revenue 2, 3 10,026.8 9,934.3
Operating profit 2, 3 756.0 746.5
Finance income 626.5 48.3
Finance costs 6(218.2) (136.8)
Profit before tax 4564.3 658.0
Income tax expense 7(106.3) (168.4)
Profit for the year 458.0 489.6
Attributable to:
Equity shareholders of the Company 466.7 513.1
Non-controlling interests (8.7) (23.5)
458.0 489.6
Basic earnings per share 829.2p 32.5p
Diluted earnings per share 829.0p 32.2p
Non-GAAP measures: Underlying profit before tax
Profit before tax 564.3 658.0
Adjusted for:
Strategic programme costs 56.6 18.4
Restructuring costs 59.3 –
IAS 36 Impairment of assets 5–44.9
IAS 39 Fair value movement of put option over non-controlling interest in Czech business 5–(15.6)
IAS 39 Fair value movement of embedded derivative 5(5.8) 0.2
Fair value movement on buy back of the Puttable Callable Reset medium-term notes 575.3 –
Reduction in M&S Bank income for the impact of the financial product mis-selling provision 515.5 –
Underlying profit before tax 1665.2 705.9
Underlying basic earnings per share 832.7p 34.9p
Underlying diluted earnings per share 832.5p 34.6p
Notes
52 weeks ended
30 March 2013
£m
52 weeks ended
31 March 2012
£m
Profit for the year 458.0 489.6
Other comprehensive income:
Foreign currency translation differences 7.9 (15.1)
Actuarial gains/(losses) on retirement benefit schemes 11 90.7 (189.9)
Tax on retirement benefit schemes (19.9) 50.4
Cash flow and net investment hedges
– fair value movements in other comprehensive income 33.6 53.0
– reclassified and reported in net profit (26.0) (23.0)
– amount recognised in inventories (13.6) 13.7
Tax on cash flow hedges and net investment hedges (0.4) (7.3)
Other comprehensive income/(loss) for the year, net of tax 72.3 (118.2)
Total comprehensive income for the year 530.3 371.4
Attributable to:
Equity shareholders of the Company 539.0 394.9
Non-controlling interests (8.7) (23.5)
530.3 371.4