Consolidated balance sheet
|
Notes |
As at
28 March 2009
£m |
As at
29 March 2008
£m |
| Assets |
|
|
|
| Non-current assets |
|
|
|
| Intangible assets |
13 |
400.3 |
305.5 |
| Property, plant and equipment |
14 |
4,834.0 |
4,704.0 |
| Investment property |
15 |
24.8 |
25.0 |
| Investment in joint ventures |
16 |
13.8 |
9.6 |
| Other financial assets |
17 |
3.0 |
3.0 |
| Retirement benefit asset |
11 |
– |
504.0 |
| Trade and other receivables |
18 |
336.8 |
410.0 |
| Derivative financial instruments |
22 |
254.0 |
18.2 |
| Deferred tax assets |
24 |
1.6 |
– |
|
|
5,868.3 |
5,979.3 |
| Current assets |
|
|
|
| Inventories |
|
536.0 |
488.9 |
| Other financial assets |
17 |
53.1 |
48.8 |
| Trade and other receivables |
18 |
285.2 |
307.6 |
| Derivative financial instruments |
22 |
92.6 |
18.4 |
| Cash and cash equivalents |
19 |
422.9 |
318.0 |
|
|
1,389.8 |
1,181.7 |
| Total assets |
|
7,258.1 |
7,161.0 |
| Liabilities |
|
|
|
| Current liabilities |
|
|
|
| Trade and other payables |
20 |
1,073.5 |
976.6 |
| Borrowings and other financial liabilities |
21 |
942.8 |
878.6 |
| Partnership liability to the Marks & Spencer UK Pension Scheme |
21 |
71.9 |
50.0 |
| Derivative financial instruments |
22 |
76.2 |
35.1 |
| Provisions |
23 |
63.6 |
11.1 |
| Current tax liabilities |
|
78.9 |
37.5 |
|
|
2,306.9 |
1,988.9 |
| Non-current liabilities |
|
|
|
| Retirement benefit deficit |
11 |
152.2 |
20.5 |
| Trade and other payables |
20 |
243.8 |
191.2 |
| Borrowings and other financial liabilities |
21 |
2,117.9 |
1,936.5 |
| Partnership liability to the Marks & Spencer UK Pension Scheme |
21 |
68.0 |
673.2 |
| Derivative financial instruments |
22 |
3.0 |
– |
| Provisions |
23 |
40.2 |
14.6 |
| Deferred tax liabilities |
24 |
225.5 |
372.1 |
|
|
2,850.6 |
3,208.1 |
| Total liabilities |
|
5,157.5 |
5,197.0 |
| Net assets |
|
2,100.6 |
1,964.0 |
| Equity |
|
|
|
| Called-up share capital – equity |
25, 26 |
394.4 |
396.6 |
| Share premium account |
26 |
236.2 |
231.4 |
| Capital redemption reserve |
26 |
2,202.6 |
2,199.9 |
| Hedging reserve |
26 |
62.6 |
(36.9) |
| Other reserve |
26 |
(6,542.2) |
(6,542.2) |
| Retained earnings |
26 |
5,728.1 |
5,707.9 |
| Total shareholders’ equity |
|
2,081.7 |
1,956.7 |
| Minority interests in equity |
|
18.9 |
7.3 |
| Total equity |
|
2,100.6 |
1,964.0 |
The financial statements were approved by the Board and authorised for issue on 18 May 2009. The financial statements also comprise the notes on Notes of the financial statements.
Stuart Rose Chairman
Ian Dyson Group Finance and Operations Director