Marks and Spencer 2015 Annual Report Download - page 128

Download and view the complete annual report

Please find page 128 of the 2015 Marks and Spencer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

126
MARKS AND SPENCER GROUP PLC
FINANCIAL STATEMENTS
GROUP FINANCIAL RECORD
2015
52 weeks
£m
2014
52 weeks
£m
2013
52 weeks
£m
2012
52 weeks
£m
2011
52 weeks
£m
Income statement
Revenue¹
UK 9,223.1 9,155.7 8,951.4 8,868.2 8,733.0
International 1,088.3 1,154.0 1,075.4 1,066.1 1,007.3
10,311.4 10,309.7 10,026.8 9,934.3 9,740.3
Operating profi t¹
UK 640.6 600.3 632.8 658.0 679.0
International 60.7 94.2 120.2 88.5 157.9
Total operating profi t701.3694.5 753.0 746.5 836.9
Net interest payable (111. 8) (125.8) (212.9) (114.1) (93.9)
Pension fi nance income 10.5 11.7 7.1 25.6 37.6
Profi t on ordinary activities before taxation 600.0 580.4 547.2 658.0 780.6
Analysed between:
Underlying profi t before tax 661.2 622.9 648.1 705.9 714.3
Adjustments to reported profi t (61.2) (42.5) (100.9) (47.9) 66.3
Income tax expense (118.3) (74.4) (102.4) (168.4) (182.0)
Profi t after taxation 481.7 506.0 444.8 489.6 598.6
2015
52 weeks
2014
52 weeks
2013
52 weeks
2012
52 weeks
2011
52 weeks
Basic earnings per share¹ Basic earnings/Weighted average
ordinary shares in issue 29.7p 32.5p 28.3p 32.5p 38.8p
Underlying basic earnings per share¹ Underlying basic earnings/Weighted
average ordinary shares in issue 33.1p 32.2p 31.9p 34.9p 34.8p
Dividend per share declared in
respect of the year 18.0p 17.0 p 17.0 p 17. 0 p 17.0 p
Dividend cover Underlying earnings per share/
Dividend per share 1.8x 1.9x 1.9x 2.1x 2.0x
Retail fi xed charge cover Operating profi t before depreciation
and operating lease charges/
Fixed charges 3.6x 3.4x 3.5x 3.9x 4.0x
Statement of fi nancial position
Net assets (£m) 3,198.8 2,706.7 2,519.5 2,778.8 2,677.4
Net debt² (£m) 2,223.2 2,463.6 2,614.3 1,857.1 1,900.9
Capital expenditure (£m) 526.6 710.0 821.3 737.5 491.5
Stores and space
UK stores 852 798 766 731 703
UK selling space (million sq ft) 16.8 16.6 16.4 16.0 15.6
International stores 480 455 418 387 361
International selling space (million sq ft) 6.0 5.8 5.4 4.7 4.2
Sta ng (full-time equivalent)
UK 52,247 54,678 51,835 51,938 49,922
International 6,849 6,498 5,683 5,116 4,753
1. Based on continuing operations.
2. Excludes accrued interest.