Notes to the financial statements
2 Segmental information
The Group’s primary reporting segments are geographic, with the Group operating in two geographic areas being the UK and International. The International segment consists of the Marks & Spencer owned businesses in the Republic of Ireland, Europe and Asia, together with franchised operations. The geographic segments disclose revenue, operating profit and segment assets and liabilities by destination and reflect management responsibility. Within each geographic segment the Group sells both food and general merchandise and secondary segment disclosure is given for revenue. Given that both food and general merchandise are sold from the same locations it is not practical to provide segmental information on operating assets and capital expenditure at this level.
The geographic segment results are as follows:
|
Revenue |
|
Operating profit |
|
Segment assets |
|
Segment liabilities |
|
2009
£m |
2008
£m |
|
2009
£m |
2008
£m |
|
2009
£m |
2008
£m |
|
2009
£m |
2008
£m |
| UK Retail |
|
|
|
|
|
|
|
|
|
|
|
| Before property disposals and exceptional items |
8,164.3 |
8,309.1 |
|
652.8 |
972.9 |
|
|
|
|
|
|
| Profit on property disposals |
– |
– |
|
6.8 |
28.0 |
|
|
|
|
|
|
| Exceptional costs1 |
– |
– |
|
(135.9) |
– |
|
|
|
|
|
|
| Exceptional pension credit1 |
– |
– |
|
231.3 |
95.0 |
|
|
|
|
|
|
|
8,164.3 |
8,309.1 |
|
755.0 |
1,095.9 |
|
6,229.0 |
6,514.4 |
|
(1,649.5) |
(1,928.0) |
| International Retail |
|
|
|
|
|
|
|
|
|
|
|
| Owned stores2 |
625.5 |
426.7 |
|
45.8 |
44.5 |
|
|
|
|
|
|
| Franchised stores |
272.3 |
286.2 |
|
70.3 |
71.9 |
|
|
|
|
|
|
| Before property disposals |
897.8 |
712.9 |
|
116.1 |
116.4 |
|
|
|
|
|
|
| Loss on property disposals |
– |
– |
|
(0.4) |
(1.0) |
|
|
|
|
|
|
|
897.8 |
712.9 |
|
115.7 |
115.4 |
|
481.6 |
397.1 |
|
(116.2) |
(77.7) |
| Total |
9,062.1 |
9,022.0 |
|
870.7 |
1,211.3 |
|
6,710.6 |
6,911.5 |
|
(1,765.7) |
(2,005.7) |
| Total non-operating assets/(liabilities)3 |
|
|
|
|
|
|
547.5 |
249.5 |
|
(3,391.8) |
(3,191.3) |
| Total assets/(liabilities) |
|
|
|
|
|
|
7,258.1 |
7,161.0 |
|
(5,157.5) |
(5,197.0) |
Revenue originates in the following geographical segments: United Kingdom £8,436.6.0m (last year £8,595.3m) and International £625.5m (last year £426.7m). The value of goods exported from the UK, including shipments to international subsidiaries, amounted to £560.7m (last year £499.7m).
Included within UK Retail is an operating profit of £24.8m (last year £28.3m) in respect of fees received from HSBC in relation to M&S Money.
Other segment items:
|
|
|
2009 |
|
|
|
2008 |
|
United Kingdom
£m |
International
£m |
Total
£m |
|
United Kingdom
£m |
International
£m |
Total
£m |
| Revenue |
|
|
|
|
|
|
|
| General merchandise |
3,918.3 |
625.5 |
4,543.8 |
|
4,059.3 |
491.7 |
4,551.0 |
| Food |
4,246.0 |
272.3 |
4,518.3 |
|
4,249.8 |
221.2 |
4,471.0 |
|
8,164.3 |
897.8 |
9,062.1 |
|
8,309.1 |
712.9 |
9,022.0 |
| Expenditure on intangible assets excluding goodwill (see note 13) |
120.2 |
0.5 |
120.7 |
|
83.7 |
– |
83.7 |
| Expenditure on property, plant and equipment (see note 14) |
491.6 |
39.7 |
531.3 |
|
919.9 |
50.9 |
970.8 |
| Amortisation (see note 13) |
27.1 |
0.2 |
27.3 |
|
21.3 |
– |
21.3 |
| Depreciation (see note 14) |
357.3 |
24.4 |
381.7 |
|
281.7 |
14.6 |
296.3 |