390 / 488
Chapter
33 /
First-Time Adoption of Internal Financial Reporting Standards (IFRS I )
3 79
C6
Preacquisition Profits.
A. In vestments in Group undertakings
2006
2005
£m
£m
Beginning ofthe year
9.046.0 /0.667.2
Additional investment in subsidiary
0.1
5.5
Dividends paid out of preacquisition profits
0 (1.626. 7)
End ofyear
9.046.1
9.046
Shares in group undertakings represent the Company's investment in Marks and Spencer pic.
B. Principal subsidiary undertakings
The Company 's principal subsidiary undertakings are set out below. A schedule of interests in all
undertakings is fi led with the Annual Return.
Proportions of voting
rights and shares held
b v
Conmany
A
subidiao'
/00%
Country of
incorporation
and operation
Great Britain
Principal activio'
Retailing
Marks and Spencer pic
Marks and Spencer International Holdings
Limited
Holding Company
Great Britain
/00%
Marks and Spencer (Nederland) BV
Holding Company
The Netherlands
/00%
Marks and Spencer Finance lnc.
Holding Company
United States
/00%
Marks and Spencer (lreland) Limited
Retailing
Republic of lreland
/00%
Kings Super Markets lnc
Retailing
United States
/00%
Marks and Spencer (Asia Pacific) Limited Retailing
Hong Kong
/00%
Marks and Spencer Simply Foods Limited Retailing
Great Britain
/00%
M.S. Insurance L.P.
Financial Services
Guemsey
/00%
Marks and Spencer lnvestments Limited
Finance
Great Britain
/00%
St. Michael Finance pic
Finance
Great Britain
/00%
Marks and Spencer Finance pic
Finance
Great Britain
/00%
Amethyst Leasing (Properties) Limited
Finance
Great Britain
/00%
Amethyst Finance pic
Finance
Great Britain
/00%
Marks and Spencer Chester Limited
Property lnvestment
Great Britain
/00%
Marks and Spencer SCM Limited
Procurement
Great Britain
/00%
Per Una Group Limited
Procurement
Great Britain
/00%
The Zip Project Limited
Procurement
Great Britain
100%
The Company has taken advantage of the exemption under Section 231(5) of the Companies Act
1985 by providing information only in relation
to
subsidiary undertakings whose results or fi nan–
cial position. in the opinion ofthe directors. principally affec ted the finan cial statements.
C7
Statement of Changes in Shareholders' Equity
6./
55.7
-- -
--
.-11J2
42fl.fi
-
J..62..3.
WJ...8
1.397.3
2.858.2
202.7
(204./)
-1.1l.Ql
U27..l
2.M5.!i
At April
4.
2004
Profi t for the yea r attributable to
sha reholders
Dividends
Shares issued
011
exercise of share
options
Redemption of B shares
Purchase ofown shares
Tender Offer expenses
Realisation of merger reserve for
divide nds paid out of
preacquisition profi ts
At April
2,
2005
At April
3,
2005
First time adoption oflAS
32
and
lAS
39
Profit fo r the year attributable
to
shareholders
Dividends
Shares issued on exercise of share
options
Redemption ofB shares
At April
1,
2006
--
-
--
ill..2
6.5..Z
1flf1.f>
4/4.5
65.7
106.6
(66.7)
414.5
106.6
2.J.Jl2.B
2./ 02.8
2./0 2.8
1/ 626.71
--U2Z.3.
/.397.3
/ 626. 7
2.1lJB..2
2.858.2
Total
t m
8.502.6
947.9
(239.7)
68.4
(19.2)
(2.300.0)
(/ 4.9)
6.!Mil
6.945./
(65.7)
6.879.4
202.7
(204./)
6/ .8