Marks and Spencer 2015 Annual Report Download - page 125

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123
ANNUAL REPORT AND FINANCIAL STATEMENTS 2015
OUR BUSINESSOUR PERFORMANCE
GOVERNANCEFINANCIAL STATEMENTS
COMPANY STATEMENT OF FINANCIAL POSITION
COMPANY STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
COMPANY STATEMENT OF CASH FLOWS
Notes
As at
28 March 2015
£m
As at
29 March 2014
£m
Assets
Non-current assets
Investments in subsidiary undertakings C5 9,226.4 9,217.4
Total assets 9,226.4 9,217.4
Liabilities
Current liabilities
Amounts owed to subsidiary undertakings 2,429.5 2,471.8
Total liabilities 2,429.5 2,471.8
Net assets 6,796.9 6,745.6
Equity
Ordinary share capital 412.0 408.1
Share premium account 392.4 355.5
Capital redemption reserve 2,202.6 2,202.6
Merger reserve 1,397.3 1,397.3
Retained earnings 2,392.6 2,382.1
Total equity 6,796.9 6,745.6
The fi nancial statements were approved by the Board and authorised for issue on 19 May 2015. The fi nancial statements also comprise the
notes on pages 124 and 125.
Marc Bolland Chief Executive O cer
Helen Weir Chief Finance O cer
Ordinary
share
capital
£m
Share
premium
account
£m
Capital
redemption
reserve
£m
Merger
reserve
£m
Retained
earnings
£m
Total
£m
At 31 March 2013 403.5 315.1 2,202.6 1,397.3 2,372.5 6,691.0
Profi t for the year – – – – 273.6 273.6
Dividends ––––(273.6)(273.6)
Capital contribution for share-based payments ––––9.6 9.6
Shares issued on exercise of employee share options 4.6 40.4 – – – 45.0
At 29 March 2014 408.1 355.5 2,202.6 1,397.3 2,382.1 6,745.6
At 30 March 2014 408.1 355.5 2,202.6 1,397.3 2,382.1 6,745.6
Profi t for the year – – – – 282.2 282.2
Dividends – – – – (280.7) (280.7)
Capital contribution for share-based payments – – – – 9.0 9.0
Shares issued on exercise of employee share options 3.9 36.9 – – – 40.8
At 28 March 2015 412.0 392.4 2,202.6 1,397.3 2,392.6 6,796.9
52 weeks ended
28 March
2015
£m
52 weeks ended
29 March
2014
£m
Cash fl ow from investing activities
Dividends received 282.2 273.6
Net cash generated from investing activities 282.2 273.6
Cash fl ows from fi nancing activities
Shares issued on exercise of employee share options 40.8 45.0
Repayment of intercompany loan (42.3) (45.0)
Equity dividends paid (280.7) (273.6)
Net c as h used i n fi nancing activities (282.2) (273.6)
Net cash infl ow from activities – –
Cash and cash equivalents at beginning and end of year – –