Marks and Spencer 2016 Annual Report Download - page 128

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126
MARKS AND SPENCER GROUP PLC
FINANCIAL STATEMENTS
GROUP FINANCIAL RECORD
2016
53 weeks
£m
2015
52 weeks
£m
2014
52 weeks
£m
2013
52 weeks
£m
2012
52 weeks
£m
Income statement
Revenue¹
UK 9,470.8 9,223.1 9,155.7 8,951.4 8,868.2
International 1,084.6 1,088.3 1,154.0 1,075.4 1,066.1
10,555.4 10,311.4 10,309.7 10,026.8 9,934.3
Operating profi t/(loss)¹
UK 627.3 640.6 600.3 632.8 658.0
International (43.2) 60.7 94.2 120.2 88.5
Total operating profi t584.1701.3 694.5 753.0 746.5
Net interest payable (110.6) (111. 8) (125 . 8 ) (212 .9) (114 .1)
Pension fi nance income 15.3 10.5 11.7 7.1 25.6
Profi t on ordinary activities before taxation 488.8 600.0 580.4 547.2 658.0
Analysed between:
Underlying profi t before tax 689.6 661.2 622.9 648.1 705.9
Adjustments to reported profi t (200.8) (61.2) (42.5) (100.9) (47.9)
Income tax expense (84.4) (118.3) (74.4) (102.4) (168.4)
Profi t after taxation 404.4 481.7 506.0 444.8 489.6
2016
53 weeks
2015
52 weeks
2014
52 weeks
2013
52 weeks
2012
52 weeks
Basic earnings per share¹ Basic earnings/Weighted average
ordinary shares in issue 24.9p 29.7p 32.5p 28.3p 32.5p
Underlying basic earnings per share¹ Underlying basic earnings/Weighted
average ordinary shares in issue 35.0p 33.1p 32.2p 31.9p 34.9p
Dividend per share declared in respect
of the year318.7p 18.0p 17.0p 17.0p 17.0p
Dividend cover Underlying earnings per share/
Dividend per share 1.9x 1.8x 1.9x 1.9x 2.1x
Retail fi xed charge cover Operating profi t before depreciation
and operating lease charges/
Fixed charges 3.7x 3.6x 3.4x 3.5x 3.9x
Statement of fi nancial position
Net assets (£m) 3,443.4 3,198.8 2,706.7 2,519.5 2,778.8
Net debt² (£m) 2,138.3 2,223.2 2,463.6 2,614.3 1,857.1
Capital expenditure (£m) 525.1 526.6 710.0 821.3 737.5
Stores and space
UK stores 914 852 798 766 731
UK selling space (m sq ft) 17.0 16.8 16.6 16.4 16.0
International stores 468 480 455 418 387
International selling space (m sq ft) 6.1 6.0 5.8 5.4 4.7
Sta ng (full-time equivalent)
UK 52,388 52,247 54,678 51,835 51,938
International 6,507 6,849 6,498 5,683 5,116
1. Based on continuing operations.
2. Excludes accrued interest.
3. Excludes Special dividend.