Marks and Spencer 2016 Annual Report Download - page 124

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122
MARKS AND SPENCER GROUP PLC
FINANCIAL STATEMENTS
COMPANY STATEMENT OF FINANCIAL POSITION
COMPANY STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
COMPANY STATEMENT OF CASH FLOWS
Notes
As at
2 April 2016
£m
As at
28 March 2015
£m
Assets
Non-current assets
Investments in subsidiary undertakings C6 9,235.8 9,226.4
Total assets 9,235.8 9,226.4
Liabilities
Current liabilities
Amounts owed to subsidiar y under takings 2,559.2 2,429.5
Total liabilities 2,559.2 2,429.5
Net assets 6,676.6 6,796.9
Equity
Ordinary share capital 405.8 412.0
Share premium account 411.3 392.4
Capital redemption reserve 2,210.5 2,202.6
Merger reserve 1,397.3 1,397.3
Retained earnings 2,251.7 2,392.6
Total equity 6,676.6 6,796.9
The fi nancial statements were approved by the Board and authorised for issue on 24 May 2016. The fi nancial statements also comprise the
notes on pages 123 to 125.
Steve Rowe 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 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
At 29 March 2015 412.0 392.4 2,202.6 1,397.3 2,392.6 6,796.9
Profi t for the year ––––302.1302.1
Dividends ––––(301.7)(301.7)
Capital contribution for
share-based payments ––––9.49.4
Shares purchased in buyback (7.9) – 7.9 – (150.7) (150.7)
Shares issued on exercise of
employee share options 1.718.9–––20.6
At 2 April 2016 405.8 411.3 2,210.5 1,397.3 2,251.7 6,676.6
53 weeks ended
2 April 2016
£m
52 weeks ended
28 March 2015
£m
Cash fl ow from investing activities
Dividends received 302.1 282.2
Net cash generated from investing activities 302.1 282.2
Cash fl ows from fi nancing activities
Shares issued on exercise of employee share options 20.6 40.8
Shares purchased in buyback (150.7) –
Drawdown/(repayment) of intercompany loan 129.7 (42.3)
Equity dividends paid (301.7) (280.7)
Ne t c ash us ed in fi nancing activities (302.1) (282.2)
Net cash infl ow from activities ––
Cash and cash equivalents at beginning and end of year – –