Marks and Spencer 2015 Annual Report Download - page 94

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92
MARKS AND SPENCER GROUP PLC
FINANCIAL STATEMENTS
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Ordinary
share
capital
£m
Share
premium
account
£m
Capital
redemption
reserve
£m
Hedging
reserve
£m
Other
reserve¹
£m
Retained
earnings²
£m
Total
£m
Non-
controlling
interest
£m
Total
£m
As at 31 March 2013 403.5 315.1 2,202.6 9.2 (6,542.2) 6,150.3 2,538.5 (19.0) 2,519.5
Profi t/(loss) for the year – – – – – 524.8 524.8 (18.8) 506.0
Other comprehensive (expense)/income:
Foreign currency translation – – – (0.7) – (21.6) (22.3) – (22.3)
Remeasurements of retirement
benefi t schemes – – – – – (85.3) (85.3) – (85.3)
Tax credit on retirement benefi t schemes – – – – – 31.8 31.8 – 31.8
Cash fl ow and net investment hedges
– fair value movements in other
comprehensive income – – – (117.6) – 7.7 (109.9) – (109.9)
– reclassifi ed and reported in net profi t³ – – – 36.4 – – 36.4 – 36.4
– amount recognised in inventories – – – 18.7 – – 18.7 – 18.7
Tax on cash fl ow hedges and net
investment hedges – – – 12.2 – – 12.2 – 12.2
Other comprehensive expense – – – (51.0) – (67.4) (118.4) – (118.4)
Total comprehensive (expense)/income – – – (51.0) – 457.4 406.4 (18.8) 387.6
Transactions with owners:
Dividends – – – – – (273.6) (273.6) – (273.6)
Transactions with non-controlling
shareholders – – – – – (39.3) (39.3) 37.2 (2.1)
Shares issued on exercise of employee
share options 4.6 40.4 – – – – 45.0 – 45.0
Credit for share-based payments – – – – – 21.3 21.3 – 21.3
Deferred tax on share schemes – – – – – 9.0 9.0 – 9.0
As at 29 M a rch 2 014 408.1 355.5 2,202.6 (41.8) (6,542.2) 6,325.1 2,707.3 (0.6) 2,706.7
As at 30 March 2014 408.1 355.5 2,202.6 (41.8) (6,542.2) 6,325.1 2,707.3 (0.6) 2,706.7
Profi t/(loss) for the year – – – – – 486.5 486.5 (4.8) 481.7
Other comprehensive (expense)/income:
Foreign currency translation – – – (2.0) – (5.5) (7.5) – (7.5)
Remeasurements of retirement
benefi t schemes – – – – – 193.7 193.7 – 193.7
Tax charge on retirement benefi t schemes – – – – – (40.2) (40.2) – (40.2)
Cash fl ow and net investment hedges
– fair value movements in other
comprehensive income – – – 210.9 – 10.3 221.2 – 221.2
– reclassifi ed and reported in net profi t³ – – – (60.0) – – (60.0) – (60.0)
– amount recognised in inventories – – – (21.6) – – (21.6) – (21.6)
Tax on cash fl ow hedges and net
investment hedges – – – (21.2) – – (21.2) – (21.2)
Other comprehensive income – – – 106.1 – 158.3 264.4 – 264.4
Total comprehensive (expense)/income – – – 106.1 – 644.8 750.9 (4.8) 746.1
Transactions with owners:
Dividends – – – – – (280.7) (280.7) – (280.7)
Transactions with non-controlling
shareholders – – – – – – – 4.6 4.6
Shares issued on exercise of employee
share options 3.9 36.9 – – – – 40.8 – 40.8
Purchase of own shares held by
employee trusts – – – – – (24.2) (24.2) – (24.2)
Release of share-based payments – – – – – (1.1) (1.1) – (1.1)
Deferred tax on share schemes – – – – – 6.6 6.6 – 6.6
As at 28 March 2015 412.0 392.4 2,202.6 64.3 (6,542.2) 6,670.5 3,199.6 (0.8) 3,198.8
1. The ‘Other reserve’ was originally created as part of the capital restructuring that took place in 2002. It represents the di erence between the nominal value of the shares issued prior to
the capital reduction by the Company (being the carrying value of the investment in Marks and Spencer plc) and the share capital, share premium and capital redemption reserve of
Marks and Spencer plc at the date of the transaction.
2. The ‘Retained earnings reserve’ includes a cumulative £12.6m loss (last year £7.1m loss) in the currency reserve.
3. Amounts reclassifi ed and reported in profi t have been recorded in cost of sales (£4.4m, last year £10.0m) and fi nance costs (£55.6m, last year (£46.4m)).