Marks & Spencer - Consolidated Profit and Loss Account

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	Consolidated Profit & Loss Account

Consolidated Profit & Loss Account
	52 weeks ended 31 March 2001			53 weeks ended 1 April 2000
� million	Before Exceptional Items	Exceptional Items	After Exceptional Items	Before Exceptional Items	Exceptional Items	After Exceptional Items
Turnover	8,075.7	�	8,075.7	8,195.5	�	8,195.5
Cost of sales	(5,237.2)	�	(5,237.2)	(5,402.8)	�	(5,402.8)
Gross profit	2,838.5	�	2,838.5	2,792.7	�	2,792.7
Net operating expenses	(2,371.5)	(26.5)	(2,398.0)	(2,249.7)	(72.0)	(2,321.7)
Operating profit	467.0	(26.5)	440.5	543.0	(72.0)	471.0
Loss on sale of property and other fixed assets	�	(83.2)	(83.2)	�	(22.3)	(22.3)
Loss on sale/termination of operations	�	(1.7)	(1.7)	�	(45.4)	(45.4)
Provision for loss on operations to be discontinued	�	(224.0)	(224.0)	�	�	�
Net interest income	13.9	-	13.9	14.2	�	14.2
Profit on ordinary activities before taxation	480.9	(335.4)	145.5	557.2	(139.7)	417.5
Taxation on ordinary activities	(151.2)	8.5	(142.7)	(177.2)	19.0	(158.2)
Profit on ordinary activities after taxation	329.7	(326.9)	2.8	380.0	(120.7)	259.3
Minority interests (all equity)	(1.5)	�	(1.5)	(0.6)	-	(0.6)
Profit attributable to shareholders	328.2	(326.9)	1.3	379.4	(120.7)	258.7
Dividends	(258.3)	�	(258.3)	(258.6)	-	(258.6)
Retained profit/(loss) for the period	69.9	(326.9)	(257.0)	120.8	(120.7)	0.1

Basic earnings per share			0.0p			9.0p
Diluted basic earnings per share			0.0p			9.0p
Adjusted earnings per share			11.4p			13.2p
Diluted adjusted earnings per share			11.4p			13.2p
Dividend per share			9.0p			9.0p

Notes
All results in both the current and preceding financial year are derived from continuing operations.

Sourced from the Marks & Spencer website on 15/04/02, for further information visit the Marks & Spencer website.