MIRA INFORM REPORT
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Report Date : |
19.10.2012 |
IDENTIFICATION DETAILS
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Name : |
JOHN LEWIS PARTNERSHIP PLC |
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Registered Office : |
171 Victoria Street, Carlisle Place, London, SW1E 5NN |
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Country : |
United Kingdom |
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Financials (as on) : |
28.01.2012 |
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Date of Incorporation : |
23.04.1929 |
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Com. Reg. No.: |
00233462 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Departmental stores |
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No. of Employees : |
78,700 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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United
Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
United Kingdom - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).
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Source : CIA |
Company name & address
John Lewis Partnership Plc
171 Victoria Street
Carlisle Place
London, SW1E 5NN
United Kingdom
Tel: 020 7828 1000
Fax: 44-8454-049050
Web: www.johnlewispartnership.co.uk
Synthesis
Employees: 78,700
Company Type: Private Parent
Corporate Family: 181
Companies
Traded: London
Stock Exchange (LON): BC32
Quoted Status: Non-quoted Company
Incorporation Date:
23-Apr-1929
Auditor: PricewaterhouseCoopers
LLP
Financials in: USD
(Millions)
Fiscal Year End:
28-Jan-2012
Reporting Currency: British
Pound Sterling
Annual Sales: 12,420.7 1
Net Income: 218.0
Total Assets:
8,241.6 2
Market Value: 1.0
(06-Jul-2012)
Business Description
John Lewis Partnership PLC is a United Kingdom-based company. The Company is engaged in retailing. Retail business includes 33 John Lewis shops across the United Kingdom (29 department stores and four John Lewis at home), 264 Waitrose supermarkets, an online and catalogue business, johnlewis.com, a production unit and a farm. It has three segments: John Lewis, Waitrose, and Corporate and others. Corporate and other principally includes corporate and shared service overheads, transformation costs and the new Partnership Services division set up costs. John Lewis plc is the subsidiary of the Company. For the fiscal year ended 28 January 2012, John Lewis Partnership Plc revenues increased 5% to L7.76B. Net income increased 7% to L136.2M. Revenues reflect Waitrose segment increase of 8% to L5.07B, John Lewis Retail segment increase of 1% to L2.69B. Net income benefited from Unallocated segment loss decrease of 40% to L25.2M.
Industry
Industry Retail (Department and Discount)
ANZSIC 2006: 4260 - Department
Stores
NACE 2002: 5212 - Other
retail sale in non-specialised stores
NAICS 2002: 45211 - Department
Stores
UK SIC 2003: 5212 - Other
retail sale in non-specialised stores
UK SIC 2007: 4719 - Other
retail sale in non-specialised stores
US SIC 1987: 5311 - Department
Stores
Key
executives
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Name |
Title |
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Helen A. Weir |
Group Finance Director, Executive Director |
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Razia Tayab |
Press Office Accounts Manager |
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Margaret Casely-Hayford |
Director - Legal Services and Company Secretary |
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Paul Coby |
Director, IT |
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Lawrence Chapman |
Head of Residential Clubs |
Significant
Developments
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* number of significant developments within the last 12 months
News
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Title |
Date |
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Cheryl helping out at animal shelter |
18-Oct-2012 |
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UK inflation falls to lowest since
November 2009 |
17-Oct-2012 |
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John Lewis Exeter now open |
12-Oct-2012 |
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SPORT SPONSORSHIP DEAL SEES SAINSBURY'S
TOP OF THE SHOPS |
10-Oct-2012 |
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Co-operative model pays dividends for
musicians |
5-Oct-2012 |
Financial
Summary
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Registered No.(UK): 00238937
Parent Registered No.(UK): 00233462
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6246515
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6365305
Corporate Overview
Location
171 Victoria Street
Carlisle Place
London, SW1E 5NN
London County
United Kingdom
Tel: 020 7828 1000
Fax: 44-8454-049050
Web: www.johnlewispartnership.co.uk
Quote Symbol - Exchange
BC32 - London
Stock Exchange (LON)
Sales GBP(mil): 7,758.6
Assets GBP(mil): 5,246.0
Employees: 78,700
Fiscal Year End: 28-Jan-2012
Industry: Retail
(Department and Discount)
Registered
Address:
171 Victoria Street
London, SW1E 5NN
United Kingdom
Incorporation Date: 23-Apr-1929
Company Type: Private
Parent
Quoted Status: Not
Quoted
Registered No.(UK): 00238937
Parent Registered No.(UK): 00233462
Company Web Links
Company Contact/E-mail
Corporate History/Profile
Employment Opportunities
Executives
Financial Information
Home Page
News Releases
Products/Services
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Market Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
4260 - Department Stores
4110 - Supermarket and Grocery Stores
4279 - Other Store-Based Retailing Not Elsewhere Classified
NACE 2002 Codes:
5212 - Other retail sale in non-specialised stores
5211 - Retail sale in non-specialised stores with food, beverages
or tobacco predominating
NAICS 2002 Codes:
45211 - Department Stores
452990 - All Other General Merchandise Stores
445110 - Supermarkets and Other Grocery (except Convenience) Stores
US SIC 1987:
5311 - Department Stores
5411 - Grocery Stores
5399 - Miscellaneous General Merchandise Stores
UK SIC 2003:
5212 - Other retail sale in non-specialised stores
5211 - Retail sale in non-specialised stores with food, beverages
or tobacco predominating
UK SIC 2007:
4719 - Other retail sale in non-specialised stores
4711 - Retail sale in non-specialised stores with food, beverages
or tobacco predominating
Business
Description
John Lewis
Partnership PLC is a United Kingdom-based company. The Company is engaged in
retailing. Retail business includes 33 John Lewis shops across the United Kingdom
(29 department stores and four John Lewis at home), 264 Waitrose supermarkets,
an online and catalogue business, johnlewis.com, a production unit and a farm.
It has three segments: John Lewis, Waitrose, and Corporate and others.
Corporate and other principally includes corporate and shared service
overheads, transformation costs and the new Partnership Services division set
up costs. John Lewis plc is the subsidiary of the Company. For the fiscal year
ended 28 January 2012, John Lewis Partnership Plc revenues increased 5% to
L7.76B. Net income increased 7% to L136.2M. Revenues reflect Waitrose segment
increase of 8% to L5.07B, John Lewis Retail segment increase of 1% to L2.69B.
Net income benefited from Unallocated segment loss decrease of 40% to L25.2M.
More Business
Descriptions
John Lewis
Partnership PLC is one of the United Kingdom's top retail businesses with more
than 25 John Lewis department stores and nearly 175 Waitrose supermarkets. It
is one of the nation’s largest worker co-ownerships. Virtually all of the
63,000-person staff are partners in the business. Originating more than 75
years ago, John Lewis Partnership provides customers a variety of audio and TV,
electrical, fashion, furniture, gifts and flowers, home and garden, nursery, sports
and leisure and toy goods. John Lewis Partnership PLC maintains its head office
in Edinburgh, Midlothian. (Updated by OneSource Information Services)
Holding company of
retail stores group whose business comprises department stores, Waitrose
supermarkets and ancillary manufacturing activities
Department Stores
& Supermarket Operator
Representative
Office
John Lewis
Partnership Plc (John Lewis) is a retailer, operating via chain of supermarkets
and departmental stores. It focuses on selling a wide portfolio of products
ranging from food items to electronics and household appliances. The company
operates a chain of 283 Waitrose supermarkets, 37 John Lewis shops which
consists of 29 departmental stores and eight John Lewis At Home stores. The
partnership also offers services such as insurance, travel, phone and broadband
and partnership cards. The partnership sells its merchandise through its retail
stores, catalog and website. The partnership operates under three reportable
business segments namely John Lewis, Waitrose, and Corporate and others. The
partnership, through its John Lewis business segment engages in operating a
store network of 37 John Lewis Shops in the UK which comprises of 29 department
stores and eight at home stores in the UK. Most of these stores are either
independently located or are situated in some malls. The partnership offers
over 350,000 product lines in these stores and this product offering includes
home furnishings, sofas, bedroom furniture, kitchenware, electronic items, electronic
household goods, computers and laptops, sports and leisurely items, fashion
apparel, gifts, toys and related accessories. They operate through in-store
departments including home, electrical and home technology and additional
services. For the year ended January 2012, the John Lewis segment reported
£2686.3m, indicating an increase of 0.9% over £2661.9m of 2011. The segment
contributed 34.63% to the company’s total revenue of 2012.John Lewis, under
Waitrose business segment, operates a chain of 283 supermarkets in the UK. It
is operated by its subsidiary Waitrose Limited. These stores stocks various
products comprising of beef, chicken, fresh fruits and vegetables, bacon,
sausages, ice cream, wines, cheeses and honey. In order to keep prices low, John
Lewis daily checks prices of more than 350 articles against those in other
supermarkets. Under the segment, the partnership also operates Leckford Farm in
Hampshire supplies the supermarkets with milk, apples, pears and free-range
eggs. For the year ended January 2012, the Waitrose segment reported £5072.3m,
indicating an increase of 7.9% over £4699.9m of 2011. The segment contributed
65.37% to the company’s total revenue of 2012.The partnership through its
Corporate and other segment manages corporate and shared services overheads,
finance transformation costs and direct services business. It is operated
through the partnership’s subsidiary John Lewis Plc. The partnership, under
this business involves in offering various services including insurance,
travel, phone and broadband, and partnership cards. Insurance services includes
covering personal health, home, pets, personal belongings, wedding and life
cover policies. Travel service comprises of holidays trips, hotel bookings,
flight bookings, honeymoon packages, car hiring and travel insurance. Greenbee
Phone and Broadband service offers competitive packages for both phone and
broadband connection. In addition, the partnership also performs ancillary
manufacturing activities. The partnership operates e-commerce websites namely,
www.greenbee.com, www.johnlewis.com and www.waitrose.com. These websites sells
its stores merchandise. They also provide information about various products,
their prices, stores and various services offered by the partnership. It also
operates John Lewis Direct (internet retail) and Waitrose Direct (internet
retail, mail order and wholesale including export).It manages business through
various subsidiaries such as Herbert Parkinson Limited, JLP Scottish Limited
Partnership, John Lewis Car Finance Limited, JLP Insurance Limited, John Lewis
Delivery Limited, Waitrose (Jersey) Limited and others.In July 2012, John Lewis
Insurance appointed  RSA and Ageas as the providers of its insurance products.
RSA will manage John Lewis Insurance's pet insurance and wedding & event
insurance and also home insurance offering of the firm from January 2013. Ageas
will manage John Lewis Insurance's travel offering.
John Lewis
Partnership Plc (John Lewis) is a retailer company. The partnership operates
through two segments namely John Lewis and Waitrose. The company through its
stores offers consumer electronic items, baked foods, fresh fruits and
vegetables, wines, groceries, household items, consumer household electrical
appliances, apparel, footwear, furniture, home furnishings, gifts, toys and
related accessories. In addition to this, it also offer services including home
delivery, warranty maintenance and repairing services. It operates a chain of
283 Waitrose supermarkets, 37 John Lewis shops which consists of 29
departmental stores and eight John Lewis At Home stores. The partnership along
with its subsidiary, John Lewis Plc principally operates in the UK offers
services including insurance, travel, phone and broadband and partnership cards.
The partnership sells its merchandise through its retail stores, catalog and
website. It is headquartered in London, the UK.The firm’s strategic intent is
to manage its non-core business operations through partnership with other
firms. In line with this, it appointed  RSA and Ageas to distribute and market
its non life insurance products.
Brand/Trade Names
· Waitrose
· John Lewis
· Greenbee
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Key Corporate
Relationships
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Strategic Initiatives
Key Organizational
Changes
The continuing uncertainty
over economic recovery and the sovereign debt crises could adversely affect
company’s earnings, and could continue to exert pressure on its growth
prospects in the long run.Increased ConsolidationIn the UK and in continental
Western Europe, there has been an increase in the consolidation among the major
grocery retailers. There are two significant mergers of large grocery retailers
from the past few years in the UK. Through the acquisition of ASDA the Wal-Mart
has entered the UK market as one of the largest grocery retailers. In both
France and Spain two major grocery retailers Carrefour and Promodes merged
together to form the largest retailer. These consolidations have increased the
bargaining power of the major grocery retailers and have intensified price
competition among these retailers and also have concentrated on the sales
channels.
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Helpful |
Harmful |
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Internal Origin |
Strengths |
Weaknesses |
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External Origin |
Opportunities |
Threats |
Overview
John Lewis Partnership Plc (John Lewis) operates a chain of departmental and supermarkets stores across the UK. It operates 29 department stores and eight at home stores in the UK under the brand name of John Lewis and a chain of 283 supermarket in the UK under the brand name of Waitrose. It sells both food and non-food items. The partnersship’s strong foothold in the UK market, broad product portfolio, employee ownership and Greenbee services gives competitive edge over its competitors. Its limited geographic concentration and recent product recalls reamin a concern for the company. In addition, the increasing manpower costs, intense competition in the sector and the slowdown of European economy may impact its performance. But, its future growth is triggered by growing demand for private label products, new store openings and the increasing online retailing.
Strengths
Greenbee Services
The partnership’s Greenbee, direct services business, provides selected services to its customers and for their homes. It is operated by the partnership’s subsidiary namely, John Lewis Plc. Under this business, the partnership offers services including insurance, travel, phone and broadband, and partnership cards. Insurance services includes covering personal health, home, pets, personal belongings, wedding and life cover policies. It provides insurance services through Greenbee Insurance which changed its name to John Lewis Insurance in 2010. Travel service comprises of holidays trips, hotel bookings, flight bookings, honeymoon packages, car hiring and travel insurance. Greenbee Phone and Broadband service offers competitive packages for both phone and broadband connection. These services proved successful with customers as demonstrated by the high renewal rates experienced. Thus providing such services takes the Partnership into new markets.
Strong Foothold in
the UK
The partnership engages in the retail business in the UK. The partnership operates a store network of 37 John Lewis Shops in the UK which comprises 29 department stores and eight at home stores in the UK under the brand name of John Lewis. It operates a chain of 283 supermarket in the UK under the brand name of Waitrose. It ranks among the UK’s top ten retail businesses. Recently, the partnership’s two of the strongest retail brands in the UK - John Lewis was voted the UK’s Favourite Retailer and Waitrose the UK’s Top Food Retailer. Waitrose is the sixth largest supermarket chain in the UK with 4.5% market share in 2011. Such strong foothold in the UK market makes the partnership a tough competitor in comparison to its close business rivals. With its strong market presence, it is well placed to widen its market share and customer base.
Broad Product
Portfolio
Broad product portfolio facilitates the partnership to widen its customer base thus, increasing its market share. It also insulates the partnership from risk associated with overdependence on a particular product line. It also helps to earn higher revenues as it provides balanced avenues for revenue generation. The deep and wide selection of products include both food and non-food items. Food items comprise of baked foods, fresh fruits and vegetables, wines, bacon, sausages, ice cream, wines, cheeses and honey. Non-food items includes consumer electronic items, groceries, household items, consumer household electrical appliances, apparel, footwear, furniture, home furnishings, gifts, toys and related accessories. It principally operates through two segments namely John Lewis and Waitrose. The John Lewis segment offers about 350,000 product lines which include home furnishings, sofas, bedroom furniture, kitchenware, electronic items, electronic household goods, computers and laptops, sports and leisurely items, fashion apparel, gifts, toys and related accessories. The Waitrose segment stores stocks over 18,000 product line comprising of beef, chicken, fresh fruits and vegetables, bacon, sausages, ice cream, wines, cheeses and honey. This Waitrose segments operates Leckford Estate produces crops, milk, meat, fruit and vegetables for sale in our supermarkets. Thus the partnership’s broad portfolio of products helps the partnership to reduce the impact of market volatility in one particular product segment and provides economic stability.
Weaknesses
Limited Geographic
Concentration
John Lewis has been one of the most prominent brands in the UK. However, it operates only 29 John Lewis department stores and eight at home stores in the UK and 283 Waitrose supermarkets and four Waitrose convenience stores which is far lesser than its competitors like Carrefour and Wal-Mart. John Lewis operations are also limited to the UK market which restricts its revenue source. A wide geographically located store network helps the retailers to diversify the risks associated with a particular market. It also helps generate economies of scale from their large scale operations. However, John Lewis lacks these benefits due to its geographical concentration.
Opportunities
Growing Demand for
Private Label Products
The company stands to benefit from the increasing demand for private label products. As shoppers are seeking out cheaper deals for their food and drink supplies, private label products are accounting of ever larger proportion of sales. The Confederation of the Food and Drink Industries of the EU (CIAA), in its latest Data & Trends report, noted a shift in consumer spending towards private label goods. According to the report, the penetration of the private label reached 48% in traditional retailers, and 94% in discounters. In the UK, almost every Top 30 retailer saw an increase in private label share. The UK also has one of the most advanced private label markets in the world (valued at around $100 billion). Improvements in packaging and quality have helped to remove the stigma attached to buying store brands. Carrefour too markets and distributes various private label products. Thus, the company can leverage its broad product offerings to garner higher market share and increase its profitability.
New Store Openings
The partnership remains committed to growth through seeking new stores and formats in previously unaddressed catchments and by taking its brands to new customers, including in overseas markets. In November 2011, the partnership announced to open a 100,000 sq ft department store in York. The company plans to open the store by 2013. It also plans to open five shops in 2012, including John Lewis at home shops in Chichester and Newbury as well as first flexible format department store in Exeter. The partnership entered into an agreement with Salmon Harvester Properties Ltd to open Waitrose shop in Vauxhall by the end of 2012. In October 2011, the partnership opened John Lewis at home shop in Tamworth. In September 2011, the partnership opened at home shop in Chester. In June 2011, announced plans to open a John Lewis at home in Ashford as early as autumn 2012. Waitrose in partnership with Fine Fare Food Market LLC (FFFM) opened its first shop in Bahrain covering 22,000 sq ft. Thus, new store openings, by the partnership provide a strong opportunity to increase its market share and customer base. It also presents a choice to the partnership for its consolidation and expansion in the UK markets makes it more competitive when compared to its close business rivals.
Increase in Online
Shopping
The rising popularity of online shopping offers a huge growth potential for the company. With life getting busier and Internet penetration getting deeper, the retailing industry is undergoing a change favorable to the industry. According to industry estimates, the UK online grocery sales will double in the next five years. This is mainly due to increasing mobile commerce and internet by the people to buy food. Worth just £365m in 2000, UK online food & grocery sales have grown rapidly to reach £5.9 billion in 2011 and is estimated to reach £11.2 billion by 2016, according to the Institute of Grocery Distribution. By 2016, online sales will make up 6% of total food & grocery spends, with consumers using multiple channels to buy their groceries. The partnership operates e-commerce websites namely, www.johnlewis.com and www.waitrose.com. These websites sells its stores merchandise. The partnership's www.waitrosewinecom website was ranked 14th position by share of UK visits. They also provide information about various products, their prices, stores and various services offered by the partnership. It also operates John Lewis Direct (internet retail) and Waitrose Direct (internet retail, mail order and wholesale including export). Thus the rising popularity of online shopping allows the company to share the cost advantage with the end customers as the middlemen get eliminated.
Threats
Economic Downturn
The global economic slowdown and vague recovery scenario are likely to create challenges for the company over the next few years. Though economic recovery continued during the first half of 2010, the global economy was affected by the turmoil in sovereign debt markets during the second quarter of 2010. The weak global economic scenario forces governments to cut spending and healthcare is a prime target. In accordance with the recent FED releases in the US, Fed lowered its growth forecast for the U.S. economy, as it now expects gross domestic product to rise at just a 2.2% to 2.7% rate in 2012. In addition, World Bank also lowered its world economic growth of 2.5% in 2012 and 3.1% in 2013, well below the 3.6 % growth for each year projected in June 2011. The global growth forecast were lowered in accordance with the grim situation persisting in the Euro region, as the bank expects that if the euro area debt crisis escalates, global growth would be about 4% points lower. Furthermore, according to the World Bank estimates, high income economies across the globe are expected to expand nearly 1.4% in 2012 as the euro area shrinks 0.3%, as it witnessed sharp downward revisions from growth forecasts last June of 2.7% and 1.8%, respectively. Furthermore, according to experts, the global economy is expected to have a sluggish growth in 2013, with output growth dragged down by a weak performance anticipated in the euro zone. The continuing uncertainty over economic recovery and the sovereign debt crises could adversely affect company’s earnings, and could continue to exert pressure on its growth prospects in the long run.
Increased
Consolidation
In the UK and in continental Western Europe, there has been an increase in the consolidation among the major grocery retailers. There are two significant mergers of large grocery retailers from the past few years in the UK. Through the acquisition of ASDA the Wal-Mart has entered the UK market as one of the largest grocery retailers. In both France and Spain two major grocery retailers Carrefour and Promodes merged together to form the largest retailer. These consolidations have increased the bargaining power of the major grocery retailers and have intensified price competition among these retailers and also have concentrated on the sales channels. Increasing consolidation of grocery retailers could affect the company's margins by increasing short-term promotion costs.
Growing Competitive
Environment
The high growth potential in the retailing industry has been encouraging many players to venture into the lucrative market. Many business houses have diversified into this industry while the exiting ones have expanded their product offerings to attract a wider customer base. The industry has also been witnessing consolidation with the larger ones acquiring the domestic retailers to increase their market presence. John Lewis competes with various discount stores and supermarkets apart from independent retail stores. The major competitors include ASDA Stores Limited, Tesco PLC, Morrisons and Sainsburry’s. With the strong financial arm and store network, these retailers pose a major threat for the partnership. Thus John Lewis will be required to spend heavily on its marketing and branding activities apart from offering discounts on its products to attract customers. This may have a major impact on its profitability.
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Corporate Family |
Corporate
Structure News: |
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John
Lewis Partnership Plc |
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John Lewis Partnership Plc |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
London |
United Kingdom |
Retail (Department and Discount) |
12,420.7 |
78,700 |
|
|
Subsidiary |
London |
United Kingdom |
Retail (Department and Discount) |
11,347.4 |
78,700 |
|
|
Subsidiary |
Bracknell |
United Kingdom |
Retail (Grocery) |
8,120.2 |
48,400 |
|
|
UK Branch/Trading address |
Petersfield |
United Kingdom |
Retail (Grocery) |
8,120.2 |
500 |
|
|
UK Branch/Trading address |
Billericay |
United Kingdom |
Retail (Grocery) |
8,120.2 |
500 |
|
|
UK Branch/Trading address |
Bristol |
United Kingdom |
Retail (Grocery) |
8,120.2 |
350 |
|
|
UK Branch/Trading address |
Rushden |
United Kingdom |
Retail (Grocery) |
8,120.2 |
350 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
315 |
|
|
UK Branch/Trading address |
Wokingham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
300 |
|
|
UK Branch/Trading address |
Cambridge |
United Kingdom |
Retail (Grocery) |
8,120.2 |
300 |
|
|
UK Branch/Trading address |
Kingston Upon Thames |
United Kingdom |
Retail (Grocery) |
8,120.2 |
300 |
|
|
UK Branch/Trading address |
Walton-On-Thames |
United Kingdom |
Retail (Grocery) |
8,120.2 |
300 |
|
|
UK Branch/Trading address |
Bishop's Stortford |
United Kingdom |
Retail (Grocery) |
8,120.2 |
300 |
|
|
UK Branch/Trading address |
Ruislip |
United Kingdom |
Retail (Grocery) |
8,120.2 |
300 |
|
|
UK Branch/Trading address |
Thame |
United Kingdom |
Retail (Grocery) |
8,120.2 |
300 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
275 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
270 |
|
|
UK Branch/Trading address |
Farnham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
260 |
|
|
UK Branch/Trading address |
Lincoln |
United Kingdom |
Retail (Grocery) |
8,120.2 |
260 |
|
|
UK Branch/Trading address |
Bath |
United Kingdom |
Retail (Grocery) |
8,120.2 |
250 |
|
|
UK Branch/Trading address |
Woking |
United Kingdom |
Retail (Grocery) |
8,120.2 |
250 |
|
|
UK Branch/Trading address |
Witney |
United Kingdom |
Retail (Grocery) |
8,120.2 |
250 |
|
|
UK Branch/Trading address |
Newark |
United Kingdom |
Retail (Grocery) |
8,120.2 |
250 |
|
|
UK Branch/Trading address |
Reading |
United Kingdom |
Retail (Grocery) |
8,120.2 |
250 |
|
|
UK Branch/Trading address |
Cirencester |
United Kingdom |
Retail (Grocery) |
8,120.2 |
250 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
250 |
|
|
UK Branch/Trading address |
Beckenham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
250 |
|
|
UK Branch/Trading address |
Godalming |
United Kingdom |
Retail (Grocery) |
8,120.2 |
230 |
|
|
UK Branch/Trading address |
Tonbridge |
United Kingdom |
Retail (Grocery) |
8,120.2 |
225 |
|
|
UK Branch/Trading address |
Banstead |
United Kingdom |
Retail (Grocery) |
8,120.2 |
225 |
|
|
UK Branch/Trading address |
Leeds |
United Kingdom |
Retail (Grocery) |
8,120.2 |
220 |
|
|
UK Branch/Trading address |
Reading |
United Kingdom |
Retail (Grocery) |
8,120.2 |
220 |
|
|
UK Branch/Trading address |
Gillingham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
210 |
|
|
UK Branch/Trading address |
Sevenoaks |
United Kingdom |
Retail (Grocery) |
8,120.2 |
205 |
|
|
UK Branch/Trading address |
Harrow |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Oxford |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Dorking |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Eastleigh |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
New Malden |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Malvern |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Worthing |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Windsor |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Harrow |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Reading |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Sidmouth |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Waterlooville |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Southsea |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Maidenhead |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Bristol |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Brighton |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
West Byfleet |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Saffron Walden |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Hythe |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Staines |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Buckhurst Hill |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Beaconsfield |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Orpington |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Marlborough |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Bromley |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Welwyn Garden City |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Thatcham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Chichester |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Abingdon |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Winchester |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Wymondham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
200 |
|
|
UK Branch/Trading address |
Bromley |
United Kingdom |
Retail (Grocery) |
8,120.2 |
190 |
|
|
UK Branch/Trading address |
Longfield |
United Kingdom |
Retail (Grocery) |
8,120.2 |
190 |
|
|
UK Branch/Trading address |
East Cowes |
United Kingdom |
Retail (Grocery) |
8,120.2 |
180 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
180 |
|
|
UK Branch/Trading address |
Richmond |
United Kingdom |
Retail (Grocery) |
8,120.2 |
180 |
|
|
UK Branch/Trading address |
Altrincham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
180 |
|
|
UK Branch/Trading address |
Enfield |
United Kingdom |
Retail (Grocery) |
8,120.2 |
180 |
|
|
UK Branch/Trading address |
Bristol |
United Kingdom |
Retail (Grocery) |
8,120.2 |
172 |
|
|
UK Branch/Trading address |
Hull |
United Kingdom |
Retail (Grocery) |
8,120.2 |
170 |
|
|
UK Branch/Trading address |
Monmouth |
United Kingdom |
Retail (Grocery) |
8,120.2 |
170 |
|
|
UK Branch/Trading address |
Henley-On-Thames |
United Kingdom |
Retail (Grocery) |
8,120.2 |
170 |
|
|
UK Branch/Trading address |
St Albans |
United Kingdom |
Retail (Grocery) |
8,120.2 |
170 |
|
|
UK Branch/Trading address |
Lutterworth |
United Kingdom |
Retail (Grocery) |
8,120.2 |
165 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
165 |
|
|
UK Branch/Trading address |
Swaffham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
160 |
|
|
UK Branch/Trading address |
Poole |
United Kingdom |
Retail (Grocery) |
8,120.2 |
160 |
|
|
UK Branch/Trading address |
Havant |
United Kingdom |
Retail (Grocery) |
8,120.2 |
160 |
|
|
UK Branch/Trading address |
South Croydon |
United Kingdom |
Retail (Grocery) |
8,120.2 |
160 |
|
|
UK Branch/Trading address |
Northwood |
United Kingdom |
Retail (Grocery) |
8,120.2 |
160 |
|
|
UK Branch/Trading address |
Weybridge |
United Kingdom |
Retail (Grocery) |
8,120.2 |
160 |
|
|
UK Branch/Trading address |
Burgess Hill |
United Kingdom |
Retail (Grocery) |
8,120.2 |
155 |
|
|
UK Branch/Trading address |
Weston-Super-Mare |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Stourbridge |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Stockport |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Esher |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Cobham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Camberley |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Crewkerne |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Milton Keynes |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Ely |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Droitwich |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Epsom |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Abergavenny |
United Kingdom |
Retail (Grocery) |
8,120.2 |
150 |
|
|
UK Branch/Trading address |
Northampton |
United Kingdom |
Retail (Grocery) |
8,120.2 |
135 |
|
|
UK Branch/Trading address |
Okehampton |
United Kingdom |
Retail (Grocery) |
8,120.2 |
130 |
|
|
UK Branch/Trading address |
Bournemouth |
United Kingdom |
Retail (Grocery) |
8,120.2 |
130 |
|
|
UK Branch/Trading address |
Wantage |
United Kingdom |
Retail (Grocery) |
8,120.2 |
130 |
|
|
UK Branch/Trading address |
Yateley |
United Kingdom |
Retail (Grocery) |
8,120.2 |
130 |
|
|
UK Branch/Trading address |
Fleet |
United Kingdom |
Retail (Grocery) |
8,120.2 |
125 |
|
|
UK Branch/Trading address |
Horsham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
125 |
|
|
UK Branch/Trading address |
Birmingham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
125 |
|
|
UK Branch/Trading address |
Andover |
United Kingdom |
Retail (Grocery) |
8,120.2 |
125 |
|
|
UK Branch/Trading address |
Maidstone |
United Kingdom |
Retail (Grocery) |
8,120.2 |
120 |
|
|
UK Branch/Trading address |
Tenterden |
United Kingdom |
Retail (Grocery) |
8,120.2 |
120 |
|
|
UK Branch/Trading address |
Sudbury |
United Kingdom |
Retail (Grocery) |
8,120.2 |
120 |
|
|
UK Branch/Trading address |
Ringwood |
United Kingdom |
Retail (Grocery) |
8,120.2 |
120 |
|
|
UK Branch/Trading address |
Sandhurst |
United Kingdom |
Retail (Grocery) |
8,120.2 |
120 |
|
|
UK Branch/Trading address |
St Neots |
United Kingdom |
Retail (Grocery) |
8,120.2 |
120 |
|
|
UK Branch/Trading address |
Caldicot |
United Kingdom |
Retail (Grocery) |
8,120.2 |
120 |
|
|
UK Branch/Trading address |
Stevenage |
United Kingdom |
Retail (Grocery) |
8,120.2 |
115 |
|
|
UK Branch/Trading address |
Coulsdon |
United Kingdom |
Retail (Grocery) |
8,120.2 |
110 |
|
|
UK Branch/Trading address |
Sutton Coldfield |
United Kingdom |
Retail (Grocery) |
8,120.2 |
110 |
|
|
UK Branch/Trading address |
Dorchester |
United Kingdom |
Retail (Grocery) |
8,120.2 |
110 |
|
|
UK Branch/Trading address |
Haslemere |
United Kingdom |
Retail (Grocery) |
8,120.2 |
104 |
|
|
UK Branch/Trading address |
Glasgow |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
Newcastle Upon Tyne |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
Southampton |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
Pulborough |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
Leigh-On-Sea |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
Romsey |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
Hailsham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
Gosport |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
Hertford |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
Wimborne |
United Kingdom |
Retail (Grocery) |
8,120.2 |
100 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Grocery) |
8,120.2 |
90 |
|
|
UK Branch/Trading address |
Alcester |
United Kingdom |
Retail (Grocery) |
8,120.2 |
80 |
|
|
UK Branch/Trading address |
Caterham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
75 |
|
|
UK Branch/Trading address |
Bury St Edmunds |
United Kingdom |
Retail (Grocery) |
8,120.2 |
70 |
|
|
UK Branch/Trading address |
Ashbourne |
United Kingdom |
Retail (Grocery) |
8,120.2 |
61 |
|
|
UK Branch/Trading address |
Nottingham |
United Kingdom |
Retail (Grocery) |
8,120.2 |
60 |
|
|
UK Branch/Trading address |
Cambridge |
United Kingdom |
Retail (Grocery) |
8,120.2 |
40 |
|
|
UK Branch/Trading address |
Hornchurch |
United Kingdom |
Retail (Grocery) |
8,120.2 |
35 |
|
|
UK Branch/Trading address |
Bristol |
United Kingdom |
Retail (Grocery) |
8,120.2 |
15 |
|
|
UK Branch/Trading address |
Barry |
United Kingdom |
Retail (Grocery) |
8,120.2 |
9 |
|
|
UK Branch/Trading address |
Worcester Park |
United Kingdom |
Retail (Grocery) |
8,120.2 |
1 |
|
|
UK Branch/Trading address |
Croydon |
United Kingdom |
Retail (Grocery) |
8,120.2 |
|
|
|
UK Branch/Trading address |
Bristol |
United Kingdom |
Retail (Department and Discount) |
11,347.4 |
1,200 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Department and Discount) |
11,347.4 |
999 |
|
|
UK Branch/Trading address |
High Wycombe |
United Kingdom |
Retail (Department and Discount) |
11,347.4 |
700 |
|
|
UK Branch/Trading address |
Solihull |
United Kingdom |
Retail (Grocery) |
11,347.4 |
700 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Trucking |
11,347.4 |
550 |
|
|
UK Branch/Trading address |
Greenhithe |
United Kingdom |
Retail (Grocery) |
11,347.4 |
516 |
|
|
UK Branch/Trading address |
Aberdeen |
United Kingdom |
Retail (Department and Discount) |
11,347.4 |
430 |
|
|
Subsidiary |
Darwen |
United Kingdom |
Apparel and Accessories |
32.2 |
246 |
|
|
Subsidiary |
Stockbridge |
United Kingdom |
Nonclassifiable Industries |
|
210 |
|
|
UK Branch/Trading address |
Northampton |
United Kingdom |
Miscellaneous Transportation |
11,347.4 |
180 |
|
|
Subsidiary |
Ilkley |
United Kingdom |
Nonclassifiable Industries |
|
8 |
|
|
UK Branch/Trading address |
Liverpool |
United Kingdom |
Retail (Department and Discount) |
11,347.4 |
|
|
|
UK Branch/Trading address |
Kingston Upon Thames |
United Kingdom |
Retail (Department and Discount) |
11,347.4 |
|
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Department and Discount) |
11,347.4 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
68.2 |
|
|
|
Subsidiary |
Aberdeen |
United Kingdom |
Investment Services |
0.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Trucking |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
1.2 |
|
|
|
Affiliates |
London |
United Kingdom |
Nonclassifiable Industries |
0.2 |
|
|
|
Affiliates |
London |
United Kingdom |
Investment Services |
|
|
Competitors Report
|
Company
Name |
Location |
Employees |
Ownership |
|
Arcadia Group Ltd. |
London, United Kingdom |
2,375 |
Private |
|
Asda Stores Ltd. |
Leeds, United Kingdom |
172,548 |
Private |
|
Debenhams Plc |
London, United Kingdom |
8,735 |
Public |
|
House of Fraser (Stores) Ltd |
London, United Kingdom |
4,818 |
Private |
|
Marks and Spencer Group Plc |
London, United Kingdom |
81,208 |
Public |
|
Wm. Morrison Supermarkets plc |
Bradford, United Kingdom |
57,169 |
Public |
Executive report
|
Board of
Directors |
|
|
|
|
|||||||||
|
Chairman of the Board |
Chairman |
|
|||||||||
|
||||||||||||
|
Non-Executive Independent Deputy Chairman of the Board |
Vice-Chairman |
|
|
||||||||
|
||||||||||||
|
Board Member |
Director/Board Member |
|
|
||||||||
|
Non-Execuitve Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Board Member |
Director/Board Member |
|
|
||||||||
|
Executive Director |
Director/Board Member |
|
|
||||||||
|
Managing Director, Director |
Director/Board Member |
|
|
||||||||
|
Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Non-Executive Director |
Director/Board Member |
|
|
||||||||
|
Director - Personnel, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Managing Director, Non-Executive Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Finance Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Managing Director - Waitrose, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
Directors and Shareholders Report
|
Main Office Address: |
Tel: 020
7828 1000 |
Annual Return Date: 27
Jun 2012 |
|
Individual Directors |
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|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
06 Jun 1963 |
171 Victoria Street, |
19 Jul 2007 |
NA |
Current:1 |
|
|
|
Current |
25 Apr 1961 |
171 Victoria Street, |
30 Apr 2007 |
NA |
Current:2 |
|
|
|
Current |
09 Jul 1965 |
171 Victoria Street, |
02 Feb 2009 |
NA |
Current:3 |
|
|
|
Current |
23 Oct 1955 |
171 Victoria Street, London, |
07 Feb 2011 |
NA |
Current:4 |
|
|
|
Current |
30 Jan 1967 |
Rosary Catholic Primary School Beeches Green, |
03 May 2012 |
NA |
Current:2 |
|
|
|
Current |
17 Aug 1962 |
171 Victoria Street, London, |
01 Jun 2012 |
NA |
Current:15 |
|
|
|
Current |
04 Jan 1958 |
171 Victoria Street, London, |
03 May 2012 |
NA |
Current:1 |
|
|
|
Current |
13 Apr 1951 |
171 Victoria Street, London, |
03 May 2012 |
NA |
Current:1 |
|
|
|
Current |
04 Dec 1967 |
171 Victoria Street, London, |
03 May 2012 |
NA |
Current:1 |
|
|
|
Current |
14 May 1946 |
16 Palace Street, London, |
07 Feb 2011 |
NA |
Current:3 |
|
|
|
Current |
02 Mar 1961 |
171 Victoria Street, |
30 Jan 2005 |
NA |
Current:3 |
|
|
|
Current |
25 Dec 1966 |
171 Victoria Street, |
24 Sep 2001 |
NA |
Current:10 |
|
|
|
Current |
11 Jun 1963 |
171 Victoria Street, |
30 Dec 2002 |
NA |
Current:4 |
|
|
|
Current |
23 Jan 1954 |
Gartmore House 8 Fenchurch Place, |
21 Aug 2006 |
NA |
Current:4 |
|
|
|
Previous |
31 Jan 1951 |
171 Victoria Street, |
19 Jul 2007 |
01 May 2010 |
Current:0 |
|
|
|
Previous |
08 Mar 1942 |
South Plaza, Marlborough Street, |
27 Jun 1992 |
11 Mar 2002 |
Current:1 |
|
|
|
Previous |
09 Nov 1944 |
Grange Barn, Moulsford, |
27 Jun 1992 |
03 Sep 2004 |
Current:2 |
|
|
|
Previous |
05 Sep 1937 |
10 Cheyne Gardens, |
27 Jun 1992 |
07 Mar 1997 |
Current:2 |
|
|
|
Previous |
13 Jun 1942 |
Redwood House Orchard Place, South View Road, |
27 Jun 1992 |
28 Jan 2000 |
Current:0 |
|
|
|
Previous |
24 Oct 1943 |
1 Coneydale, |
20 Feb 1997 |
30 Dec 2002 |
Current:3 |
|
|
|
Previous |
16 Oct 1947 |
10 Little Hill, Herons Gate, |
21 Aug 2006 |
20 Aug 2010 |
Current:8 |
|
|
|
Previous |
06 Oct 1952 |
171 Victoria Street, |
26 May 2005 |
04 Jun 2007 |
Current:0 |
|
|
|
Previous |
25 Apr 1965 |
John Lewis 300 Oxford Street, |
01 May 2010 |
03 May 2012 |
Current:1 |
|
|
|
Previous |
06 Jan 1940 |
3 Walkers Mill, Dunkirk Mills Inchbrook, |
27 Jun 1992 |
31 Jan 1997 |
Current:0 |
|
|
|
Previous |
27 Dec 1951 |
171 Victoria Street, |
26 Jun 2006 |
01 Jun 2012 |
Current:3 |
|
|
|
Previous |
04 Jul 1959 |
171 Victoria Street, London, |
01 May 2010 |
03 May 2012 |
Current:0 |
|
|
|
Previous |
16 Sep 1933 |
47 Thames House, Phyllis Court Drive, |
02 Oct 1999 |
24 Sep 2001 |
Current:2 |
|
|
|
Previous |
10 Feb 1946 |
171 Victoria Street, |
25 May 2000 |
23 Feb 2007 |
Current:1 |
|
|
|
Previous |
20 Jan 1952 |
Flat 1 26 Gloucester Square, |
31 Mar 1997 |
30 Sep 1999 |
Current:0 |
|
|
|
Previous |
11 Nov 1960 |
171 Victoria Street, London, |
27 May 1999 |
01 May 2010 |
Current:1 |
|
|
|
Previous |
25 Feb 1953 |
10 Langwood Close, Eaton Socon St Neots, |
22 May 1997 |
27 May 1999 |
Current:0 |
|
|
|
Previous |
03 Oct 1958 |
76A Stapleton Road, Tooting, |
22 May 1997 |
27 Mar 1999 |
Current:0 |
|
|
|
Previous |
07 Jan 1947 |
171 Victoria Street, |
27 Jun 1992 |
01 Apr 2007 |
Current:0 |
|
|
|
Previous |
13 Apr 1946 |
Flat 6 2 Bolsover Street, |
23 May 1996 |
22 May 1997 |
Current:0 |
|
|
|
Previous |
21 Mar 1950 |
35 Tytherton Road, |
27 Jun 1992 |
27 Nov 2005 |
Current:0 |
|
|
|
Previous |
20 Oct 1937 |
7 Holles Close, |
27 Jun 1992 |
22 May 1997 |
Current:0 |
|
|
|
Previous |
06 Aug 1939 |
61 High Street, Langford, |
27 Jun 1992 |
04 Jun 1998 |
Current:0 |
|
|
|
Previous |
09 Jun 1947 |
171 Victoria Street, |
23 May 1996 |
04 Jun 2007 |
Current:4 |
|
|
|
Previous |
07 Aug 1955 |
171 Victoria Street, |
09 Sep 2004 |
10 May 2005 |
Current:0 |
|
|
|
Previous |
25 Jun 1953 |
Pets At Home, Epsom Avenue Stanley Green Trading Estate, |
01 Feb 1993 |
24 Dec 2004 |
Current:3 |
|
|
|
Previous |
24 Feb 1962 |
171 Victoria Street, |
27 May 1999 |
03 May 2012 |
Current:2 |
|
|
|
Previous |
08 Mar 1943 |
Ricehead, |
04 Jun 1998 |
22 May 2003 |
Current:0 |
|
|
|
Previous |
21 Jul 1952 |
171 Victoria Street, |
NA |
23 May 1996 |
Current:0 |
|
|
|
Previous |
NA |
4 Ashdown Way, Kingwood, |
11 Mar 2002 |
24 Apr 2007 |
Current:0 |
|
|
|
Previous |
19 Jan 1968 |
171 Victoria Street, |
22 May 2003 |
03 May 2012 |
Current:0 |
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|
|
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
19 Nov 1954 |
171 Victoria Street, |
28 Apr 2006 |
NA |
Current:17 |
|
|
|
Previous |
NA |
The Chase, Garden Close Lane, Wash Common, |
27 Jun 1992 |
09 May 2001 |
Current:0 |
|
|
|
Previous |
23 Feb 1946 |
171 Victoria Street, |
10 May 2001 |
27 Apr 2006 |
Current:2 |
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|
|
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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|
Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Jan-2012 |
29-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Period Length |
52 Weeks |
51 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.624652 |
0.648767 |
0.635292 |
0.558389 |
0.499706 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Turnover (UK) |
- |
- |
- |
11,223.7 |
12,111.5 |
|
Turnover (Exports) |
- |
- |
- |
0.0 |
0.0 |
|
Total Turnover |
12,420.7 |
11,347.4 |
10,600.8 |
11,223.7 |
12,111.5 |
|
Cost of Sales |
8,271.0 |
7,520.0 |
7,021.0 |
7,513.4 |
8,019.9 |
|
Gross Profit |
4,149.7 |
3,827.4 |
3,579.8 |
3,710.3 |
4,091.6 |
|
Depreciation |
385.8 |
332.2 |
298.9 |
324.3 |
338.8 |
|
Other Expenses |
3,615.5 |
3,247.4 |
3,047.1 |
3,437.7 |
3,352.2 |
|
Other Income |
147.9 |
92.3 |
89.7 |
330.4 |
100.7 |
|
Interest Paid |
115.7 |
106.8 |
140.1 |
98.7 |
80.0 |
|
Exceptional Income |
-264.5 |
1.5 |
0.3 |
0.0 |
-362.4 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
-0.4 |
|
Profit Before Taxes |
301.9 |
567.1 |
482.6 |
504.3 |
397.6 |
|
Tax Payable / Credit |
83.9 |
70.9 |
76.8 |
86.1 |
118.9 |
|
Extraordinary Items/Debits |
0.0 |
-299.8 |
-238.2 |
0.0 |
-18.2 |
|
Dividends |
- |
- |
- |
- |
1.6 |
|
Profit After Taxes |
218.0 |
196.4 |
167.6 |
418.2 |
259.0 |
|
Audit Fees |
1.1 |
1.1 |
0.5 |
1.3 |
1.9 |
|
Non Audit Fees |
0.3 |
0.6 |
1.1 |
0.9 |
0.4 |
|
Number of Employees |
78,700 |
74,800 |
70,000 |
- |
68,430 |
|
Wages |
1,755.1 |
1,574.8 |
1,480.3 |
1,626.1 |
1,730.6 |
|
Social Security Costs |
136.9 |
126.4 |
142.9 |
132.0 |
174.3 |
|
Other Pension Costs |
551.0 |
565.2 |
421.5 |
449.7 |
537.1 |
|
Employees Remuneration |
2,443.0 |
2,266.5 |
2,044.7 |
2,207.8 |
2,442.0 |
|
Directors Remuneration |
6.7 |
6.1 |
5.6 |
5.4 |
7.6 |
|
Highest Paid Director |
1.5 |
1.5 |
1.4 |
1.5 |
1.8 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
28-Jan-2012 |
29-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.636531 |
0.631154 |
0.624064 |
0.717437 |
0.504236 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Land & Buildings |
- |
4,816.1 |
4,435.6 |
- |
- |
|
Fixtures & Fittings |
- |
923.5 |
998.1 |
- |
- |
|
Plant & Vehicles |
- |
0.0 |
0.0 |
- |
- |
|
Total Tangible Fixed Assets |
5,967.3 |
5,739.6 |
5,433.7 |
4,428.0 |
5,992.8 |
|
Intangible Assets |
258.1 |
176.5 |
148.2 |
118.6 |
132.7 |
|
Investments |
65.7 |
65.6 |
135.2 |
30.2 |
62.1 |
|
Total Fixed Assets |
6,291.1 |
5,981.7 |
5,717.2 |
4,576.8 |
6,187.6 |
|
Stocks |
729.6 |
667.3 |
638.1 |
490.1 |
682.6 |
|
Work in Progress |
1.3 |
1.3 |
1.3 |
1.0 |
1.4 |
|
Total Stocks Work In Progress |
730.8 |
668.6 |
639.4 |
491.1 |
684.0 |
|
Trade Debtors |
121.0 |
124.5 |
105.1 |
63.8 |
80.3 |
|
Inter-Company Debtors |
0.0 |
0.0 |
0.0 |
0.0 |
7.1 |
|
Director Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Debtors |
229.1 |
209.6 |
163.4 |
191.9 |
332.4 |
|
Total Debtors |
350.0 |
334.1 |
268.6 |
255.8 |
419.8 |
|
Cash and Equivalents |
865.3 |
812.3 |
897.3 |
275.4 |
241.2 |
|
Other Current Assets |
4.2 |
40.6 |
21.8 |
32.6 |
27.4 |
|
Total Current Assets |
1,950.4 |
1,855.6 |
1,827.1 |
1,054.9 |
1,372.4 |
|
Total Assets |
8,241.6 |
7,837.4 |
7,544.3 |
5,631.7 |
7,560.0 |
|
Trade Creditors |
832.8 |
672.6 |
574.0 |
444.5 |
679.2 |
|
Bank Overdraft |
94.4 |
103.5 |
185.2 |
- |
115.8 |
|
Inter-Company Creditors |
- |
- |
- |
0.0 |
9.1 |
|
Director Loans (Current Liability) |
- |
- |
- |
- |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.9 |
1.3 |
1.1 |
0.8 |
1.4 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.9 |
1.3 |
1.1 |
0.8 |
1.4 |
|
Total Short Term Loans |
380.2 |
158.4 |
- |
- |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
330.1 |
306.3 |
310.2 |
133.5 |
194.9 |
|
Social Security/VAT |
224.8 |
224.0 |
187.8 |
120.3 |
238.8 |
|
Corporation Tax |
14.6 |
0.0 |
2.7 |
24.9 |
0.0 |
|
Other Current Liabilities |
541.4 |
568.3 |
462.3 |
388.2 |
626.5 |
|
Total Current Liabilities |
2,419.2 |
2,034.4 |
1,723.4 |
1,112.3 |
1,865.8 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
- |
- |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
41.5 |
44.4 |
45.7 |
40.7 |
59.7 |
|
Total Hire Purchase Loans (Long Term Liability) |
41.5 |
44.4 |
45.7 |
40.7 |
59.7 |
|
Other Long Term Loans |
1,255.6 |
1,385.7 |
1,328.1 |
763.6 |
825.2 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
67.0 |
79.5 |
|
Other Long Term Liabilities |
134.8 |
103.9 |
1,529.5 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
1,431.8 |
1,534.0 |
2,903.2 |
871.3 |
964.4 |
|
Deferred Taxation |
50.4 |
150.0 |
0.0 |
0.0 |
89.4 |
|
Other Provisions |
1,184.1 |
834.8 |
186.4 |
1,246.8 |
1,292.5 |
|
Total Provisions |
1,234.5 |
984.9 |
186.4 |
1,246.8 |
1,381.9 |
|
Issued Capital |
0.9 |
1.0 |
1.0 |
0.8 |
9.5 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
3,144.7 |
3,272.4 |
2,722.0 |
2,380.3 |
3,323.4 |
|
Other Reserves |
10.4 |
10.1 |
7.7 |
19.7 |
14.1 |
|
Minority Interests (Balance Sheet) |
0.0 |
-0.6 |
-0.6 |
-0.6 |
-0.8 |
|
Total Shareholders Funds |
3,156.0 |
3,283.5 |
2,730.6 |
2,400.8 |
3,347.0 |
|
Net Worth |
2,897.9 |
3,107.0 |
2,582.4 |
2,282.2 |
3,214.4 |
Annual Cash Flows
Financials in: USD (mil)
|
|
28-Jan-2012 |
29-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Period Length |
52 Weeks |
51 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.624652 |
0.648767 |
0.635292 |
0.558389 |
0.499706 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
Annual Ratios
Financials in: USD (mil)
|
|
28-Jan-2012 |
29-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Period Length |
52 Weeks |
51 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.636531 |
0.631154 |
0.624064 |
0.717437 |
0.504236 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Current Ratio |
0.81 |
0.91 |
1.06 |
0.95 |
0.74 |
|
Liquidity Ratio |
0.50 |
0.58 |
0.69 |
0.51 |
0.37 |
|
Stock Turnover |
16.68 |
17.79 |
16.88 |
17.45 |
17.55 |
|
Credit Period (Days) |
3.62 |
3.82 |
3.56 |
2.72 |
2.44 |
|
Working Capital by Sales |
-3.85% |
-1.50% |
0.96% |
-0.67% |
-4.11% |
|
Trade Credit by Debtors |
6.88 |
5.40 |
5.46 |
6.96 |
8.46 |
|
Return on Capital |
5.09% |
10.24% |
8.44% |
8.52% |
6.92% |
|
Return on Assets |
3.60% |
7.58% |
6.51% |
6.84% |
5.21% |
|
Profit Margin |
2.43% |
5.00% |
4.55% |
4.49% |
3.28% |
|
Return on Shareholders Funds |
9.39% |
18.10% |
17.99% |
16.04% |
11.77% |
|
Borrowing Ratio |
61.17% |
54.50% |
60.41% |
35.28% |
31.46% |
|
Equity Gearing |
38.29% |
41.90% |
36.20% |
42.63% |
44.27% |
|
Debt Gearing |
44.76% |
46.03% |
53.20% |
35.24% |
27.53% |
|
Interest Coverage |
2.61 |
5.31 |
3.44 |
5.11 |
4.97 |
|
Sales by Tangible Assets |
2.04 |
2.07 |
1.99 |
1.94 |
2.00 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Sales per Employee |
0.2 |
0.2 |
0.2 |
- |
0.2 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
- |
0.1 |
|
Tangible Assets per Employee |
0.1 |
0.1 |
0.1 |
- |
0.1 |
|
Total Assets per Employee |
0.1 |
0.1 |
0.1 |
- |
0.1 |
|
Employee Remuneration by Sales |
19.67% |
19.97% |
19.29% |
19.67% |
20.16% |
|
Creditor Days (Cost of Sales Based) |
37.45 |
31.17 |
29.31 |
28.28 |
31.19 |
|
Creditor Days (Sales Based) |
24.94 |
20.65 |
19.41 |
18.93 |
20.66 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Jan-2012 |
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.624652 |
0.648767 |
0.635548 |
0.558389 |
0.499706 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
- |
- |
10,596.5 |
11,223.7 |
12,111.5 |
|
Gross Revenue |
13,975.0 |
12,649.1 |
- |
- |
- |
|
Sales Returns and Allowances |
-193.2 |
-178.8 |
- |
- |
- |
|
Excise Tax Receipts |
-1,361.1 |
-1,122.9 |
- |
- |
- |
|
Revenue |
12,420.7 |
11,347.4 |
10,596.5 |
11,223.7 |
12,111.5 |
|
Total Revenue |
12,420.7 |
11,347.4 |
10,596.5 |
11,223.7 |
12,111.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
8,271.0 |
7,520.0 |
7,018.2 |
7,513.4 |
8,019.9 |
|
Cost of Revenue, Total |
8,271.0 |
7,520.0 |
7,018.2 |
7,513.4 |
8,019.9 |
|
Gross Profit |
4,149.7 |
3,827.4 |
3,578.3 |
3,710.3 |
4,091.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
3,615.5 |
3,245.9 |
2,889.9 |
3,037.7 |
3,185.7 |
|
Total Selling/General/Administrative Expenses |
3,615.5 |
3,245.9 |
2,889.9 |
3,037.7 |
3,185.7 |
|
Minimum Pension Liability Adjustment |
- |
- |
155.6 |
175.9 |
198.9 |
|
Other, Net |
-95.4 |
-82.8 |
-80.4 |
-82.2 |
-83.2 |
|
Other Operating Expenses, Total |
-95.4 |
-82.8 |
75.2 |
93.7 |
115.7 |
|
Total Operating Expense |
11,791.1 |
10,683.0 |
9,983.4 |
10,644.7 |
11,321.2 |
|
|
|
|
|
|
|
|
Operating Income |
629.6 |
664.3 |
613.2 |
579.0 |
790.3 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-100.4 |
-99.4 |
-76.0 |
-83.1 |
-79.6 |
|
Interest Expense, Net Non-Operating |
-100.4 |
-99.4 |
-76.0 |
-83.1 |
-79.6 |
|
Interest Income -
Non-Operating |
3.8 |
4.3 |
6.0 |
20.1 |
14.2 |
|
Investment Income -
Non-Operating |
-269.3 |
-298.6 |
-235.5 |
-2.3 |
-359.6 |
|
Interest/Investment Income - Non-Operating |
-265.4 |
-294.3 |
-229.6 |
17.7 |
-345.4 |
|
Interest Income (Expense) - Net Non-Operating |
38.1 |
-3.4 |
-63.3 |
-9.3 |
32.4 |
|
Interest Income (Expense) - Net Non-Operating Total |
-327.7 |
-397.1 |
-368.8 |
-74.7 |
-392.6 |
|
Income Before Tax |
301.9 |
267.3 |
244.4 |
504.3 |
397.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
83.9 |
70.9 |
76.8 |
86.1 |
118.9 |
|
Income After Tax |
218.0 |
196.4 |
167.6 |
418.2 |
278.8 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
218.0 |
196.4 |
167.6 |
418.2 |
278.8 |
|
Discontinued Operations |
- |
- |
- |
- |
-18.2 |
|
Total Extraord Items |
- |
- |
- |
- |
-18.2 |
|
Net Income |
218.0 |
196.4 |
167.6 |
418.2 |
260.6 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
218.0 |
196.4 |
167.6 |
418.2 |
278.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
218.0 |
196.4 |
167.6 |
418.2 |
260.6 |
|
|
|
|
|
|
|
|
Diluted Net Income |
218.0 |
196.4 |
167.6 |
418.2 |
260.6 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
- |
- |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
- |
- |
|
Interest Expense, Supplemental |
100.4 |
85.2 |
76.0 |
83.1 |
77.4 |
|
Depreciation, Supplemental |
385.8 |
332.2 |
298.8 |
324.3 |
338.8 |
|
Total Special Items |
9.6 |
12.3 |
30.1 |
8.4 |
- |
|
Normalized Income Before Tax |
311.5 |
279.6 |
274.4 |
512.7 |
397.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
2.7 |
3.3 |
9.4 |
1.4 |
- |
|
Inc Tax Ex Impact of Sp Items |
86.6 |
74.2 |
86.2 |
87.6 |
118.9 |
|
Normalized Income After Tax |
225.0 |
205.4 |
188.2 |
425.1 |
278.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
225.0 |
205.4 |
188.2 |
425.1 |
278.8 |
|
|
|
|
|
|
|
|
Amort of Intangibles, Supplemental |
51.7 |
37.0 |
38.4 |
37.6 |
35.4 |
|
Rental Expenses |
182.2 |
164.9 |
153.6 |
153.5 |
159.5 |
|
Normalized EBIT |
639.2 |
676.7 |
643.2 |
587.4 |
790.3 |
|
Normalized EBITDA |
1,076.8 |
1,045.8 |
980.4 |
949.3 |
1,164.5 |
|
Current Tax - Domestic |
107.9 |
95.9 |
89.1 |
86.5 |
67.2 |
|
Current Tax - Other |
-1.3 |
-17.6 |
-15.6 |
-21.3 |
-7.6 |
|
Current Tax - Total |
106.6 |
78.3 |
73.5 |
65.2 |
59.6 |
|
Deferred Tax - Domestic |
-28.8 |
-16.5 |
-3.3 |
11.6 |
59.2 |
|
Deferred Tax - Other |
6.1 |
9.1 |
6.6 |
9.3 |
- |
|
Deferred Tax - Total |
-22.7 |
-7.4 |
3.3 |
21.0 |
59.2 |
|
Income Tax - Total |
83.9 |
70.9 |
76.8 |
86.1 |
118.9 |
|
Interest Cost - Domestic |
256.5 |
246.0 |
251.1 |
268.5 |
235.1 |
|
Service Cost - Domestic |
187.9 |
185.0 |
152.2 |
172.1 |
196.5 |
|
Expected Return on Assets - Domestic |
-305.0 |
-249.9 |
-212.4 |
-258.8 |
-267.6 |
|
Curtailments & Settlements - Domestic |
0.0 |
-3.7 |
- |
- |
- |
|
Other Pension, Net - Domestic |
10.6 |
8.2 |
3.5 |
3.8 |
3.2 |
|
Domestic Pension Plan Expense |
150.0 |
185.6 |
194.3 |
185.5 |
167.3 |
|
Defined Contribution Expense - Domestic |
- |
- |
1.4 |
0.5 |
0.6 |
|
Total Pension Expense |
150.0 |
185.6 |
195.7 |
186.1 |
167.9 |
|
Discount Rate - Domestic |
4.95% |
5.65% |
5.70% |
6.90% |
6.30% |
|
Expected Rate of Return - Domestic |
7.60% |
7.70% |
7.80% |
8.20% |
7.60% |
|
Compensation Rate - Domestic |
3.30% |
3.85% |
3.75% |
4.50% |
4.45% |
|
Pension Payment Rate - Domestic |
2.60% |
3.15% |
3.25% |
3.50% |
3.45% |
|
Total Plan Interest Cost |
256.5 |
246.0 |
251.1 |
268.5 |
235.1 |
|
Total Plan Service Cost |
187.9 |
185.0 |
152.2 |
172.1 |
196.5 |
|
Total Plan Expected Return |
-305.0 |
-249.9 |
-212.4 |
-258.8 |
-267.6 |
|
Total Plan Other Expense |
10.6 |
8.2 |
3.5 |
3.8 |
3.2 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
28-Jan-2012 |
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.636531 |
0.631154 |
0.624064 |
0.717437 |
0.504236 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash |
131.3 |
133.4 |
134.8 |
92.8 |
142.6 |
|
Short Term Investments |
734.0 |
678.9 |
762.6 |
182.6 |
98.6 |
|
Cash and Short Term Investments |
865.3 |
812.3 |
897.3 |
275.4 |
241.2 |
|
Accounts Receivable -
Trade, Gross |
122.9 |
126.1 |
106.4 |
65.2 |
- |
|
Provision for Doubtful
Accounts |
-1.9 |
-1.6 |
-1.3 |
-1.4 |
- |
|
Trade Accounts Receivable - Net |
121.0 |
124.5 |
105.1 |
63.8 |
87.5 |
|
Other Receivables |
74.5 |
113.0 |
71.6 |
60.5 |
85.9 |
|
Total Receivables, Net |
195.4 |
237.5 |
176.7 |
124.3 |
173.3 |
|
Inventories - Finished Goods |
723.9 |
659.3 |
630.2 |
483.1 |
672.7 |
|
Inventories - Work In Progress |
1.3 |
1.3 |
1.3 |
1.0 |
1.4 |
|
Inventories - Raw Materials |
5.7 |
8.1 |
7.9 |
7.0 |
9.9 |
|
Total Inventory |
730.8 |
668.6 |
639.4 |
491.1 |
684.0 |
|
Prepaid Expenses |
154.6 |
123.6 |
91.8 |
69.6 |
266.5 |
|
Other Current Assets |
4.2 |
13.6 |
21.8 |
32.6 |
7.3 |
|
Other Current Assets, Total |
4.2 |
13.6 |
21.8 |
32.6 |
7.3 |
|
Total Current Assets |
1,950.4 |
1,855.6 |
1,827.1 |
993.0 |
1,372.4 |
|
|
|
|
|
|
|
|
Land/Improvements |
5,879.8 |
5,372.7 |
5,121.6 |
4,048.4 |
5,436.3 |
|
Machinery/Equipment |
2,507.2 |
2,495.4 |
2,386.1 |
1,893.4 |
2,495.9 |
|
Construction in
Progress |
139.7 |
365.8 |
143.4 |
198.9 |
280.2 |
|
Property/Plant/Equipment - Gross |
8,526.7 |
8,234.0 |
7,651.1 |
6,140.7 |
8,212.4 |
|
Accumulated Depreciation |
-2,559.3 |
-2,494.3 |
-2,217.4 |
-1,712.8 |
-2,219.6 |
|
Property/Plant/Equipment - Net |
5,967.3 |
5,739.6 |
5,433.7 |
4,428.0 |
5,992.8 |
|
Intangibles - Gross |
471.9 |
378.2 |
313.9 |
231.8 |
263.0 |
|
Accumulated Intangible Amortization |
-213.8 |
-201.7 |
-165.7 |
-113.2 |
-130.3 |
|
Intangibles, Net |
258.1 |
176.5 |
148.2 |
118.6 |
132.7 |
|
Note Receivable - Long Term |
65.7 |
65.6 |
68.1 |
61.9 |
62.1 |
|
Deferred Income Tax - Long Term Asset |
- |
0.0 |
67.1 |
30.2 |
0.0 |
|
Other Long Term Assets, Total |
- |
0.0 |
67.1 |
30.2 |
0.0 |
|
Total Assets |
8,241.6 |
7,837.4 |
7,544.3 |
5,631.7 |
7,560.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
832.8 |
672.6 |
574.0 |
444.5 |
688.4 |
|
Accrued Expenses |
515.6 |
489.4 |
452.7 |
241.7 |
424.0 |
|
Notes Payable/Short Term Debt |
474.6 |
261.9 |
185.2 |
105.7 |
115.8 |
|
Current Portion - Long Term Debt/Capital Leases |
0.9 |
1.3 |
1.1 |
0.8 |
1.4 |
|
Customer Advances |
39.3 |
40.9 |
45.3 |
12.1 |
9.7 |
|
Income Taxes Payable |
14.6 |
0.0 |
2.7 |
24.9 |
0.0 |
|
Other Payables |
161.7 |
153.1 |
128.2 |
125.2 |
194.6 |
|
Other Current Liabilities |
379.7 |
415.3 |
334.1 |
255.9 |
431.9 |
|
Other Current liabilities, Total |
595.3 |
609.2 |
510.4 |
418.2 |
636.2 |
|
Total Current Liabilities |
2,419.2 |
2,034.4 |
1,723.4 |
1,210.8 |
1,865.8 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,255.6 |
1,385.7 |
1,328.1 |
763.6 |
833.5 |
|
Capital Lease Obligations |
41.5 |
44.4 |
45.7 |
40.7 |
59.7 |
|
Total Long Term Debt |
1,297.0 |
1,430.1 |
1,373.7 |
804.3 |
893.2 |
|
Total Debt |
1,772.6 |
1,693.2 |
1,560.1 |
910.7 |
1,010.4 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
50.4 |
150.0 |
0.0 |
0.0 |
89.4 |
|
Deferred Income Tax |
50.4 |
150.0 |
0.0 |
0.0 |
89.4 |
|
Minority Interest |
0.0 |
0.6 |
0.6 |
0.6 |
0.8 |
|
Reserves |
181.6 |
178.9 |
186.4 |
130.7 |
193.8 |
|
Pension Benefits - Underfunded |
1,002.5 |
655.9 |
1,449.5 |
1,017.5 |
1,098.7 |
|
Other Long Term Liabilities |
134.8 |
103.9 |
80.0 |
67.0 |
79.5 |
|
Other Liabilities, Total |
1,318.9 |
938.8 |
1,715.8 |
1,215.3 |
1,372.0 |
|
Total Liabilities |
5,085.5 |
4,553.9 |
4,813.6 |
3,230.9 |
4,221.2 |
|
|
|
|
|
|
|
|
Common Stock |
0.9 |
1.0 |
1.0 |
0.8 |
1.2 |
|
Common Stock |
0.9 |
1.0 |
1.0 |
0.8 |
1.2 |
|
Additional Paid-In Capital |
- |
- |
2.2 |
2.0 |
2.8 |
|
Retained Earnings (Accumulated Deficit) |
3,155.1 |
3,282.6 |
2,727.4 |
2,398.0 |
3,334.8 |
|
Total Equity |
3,156.0 |
3,283.5 |
2,730.6 |
2,400.8 |
3,338.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
8,241.6 |
7,837.4 |
7,544.3 |
5,631.7 |
7,560.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
Total Common Shares Outstanding |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
3.7 |
3.7 |
3.7 |
3.7 |
3.7 |
|
Shares Outstanding - Preferred Stock Issue 2 |
0.5 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Total Preferred Stock Outstanding |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
Employees |
78,700 |
74,800 |
70,000 |
68,700 |
68,200 |
|
Accumulated Intangible Amort, Suppl. |
213.8 |
201.7 |
165.7 |
113.2 |
130.3 |
|
Deferred Revenue - Current |
39.3 |
40.9 |
45.3 |
12.1 |
9.7 |
|
Deferred Revenue - Long Term |
132.1 |
102.2 |
77.9 |
65.0 |
76.0 |
|
Interest Costs |
-43.7 |
-45.8 |
-51.4 |
-46.8 |
-69.2 |
|
Total Capital Leases, Supplemental |
42.4 |
45.6 |
46.8 |
41.5 |
61.1 |
|
Capital Lease Payments Due in Year 1 |
2.8 |
3.2 |
3.4 |
3.1 |
4.4 |
|
Capital Lease Payments Due in Year 2 |
2.7 |
2.9 |
3.3 |
2.9 |
4.3 |
|
Capital Lease Payments Due in Year 3 |
2.7 |
2.9 |
3.3 |
2.9 |
4.3 |
|
Capital Lease Payments Due in Year 4 |
2.7 |
2.9 |
3.3 |
2.9 |
4.3 |
|
Capital Lease Payments Due in Year 5 |
2.7 |
2.9 |
3.3 |
2.9 |
4.3 |
|
Capital Lease Payments Due in 2-3 Years |
5.3 |
5.9 |
6.6 |
5.9 |
8.5 |
|
Capital Lease Payments Due in 4-5 Years |
5.3 |
5.9 |
6.6 |
5.9 |
8.5 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
72.6 |
76.5 |
81.6 |
73.6 |
108.9 |
|
Total Operating Leases, Supplemental |
3,846.0 |
3,462.2 |
3,214.3 |
2,549.1 |
3,445.0 |
|
Operating Lease Payments Due in Year 1 |
183.8 |
165.9 |
143.3 |
105.8 |
141.2 |
|
Operating Lease Payments Due in Year 2 |
173.2 |
156.1 |
137.9 |
101.1 |
131.1 |
|
Operating Lease Payments Due in Year 3 |
173.2 |
156.1 |
137.9 |
101.1 |
131.1 |
|
Operating Lease Payments Due in Year 4 |
173.2 |
156.1 |
137.9 |
101.1 |
131.1 |
|
Operating Lease Payments Due in Year 5 |
173.2 |
156.1 |
137.9 |
101.1 |
131.1 |
|
Operating Lease Payments Due in Year 6 |
- |
- |
- |
- |
109.8 |
|
Operating Lease Payments Due in Year 7 |
- |
- |
- |
- |
109.8 |
|
Operating Lease Payments Due in Year 8 |
- |
- |
- |
- |
109.8 |
|
Operating Lease Payments Due in Year 9 |
- |
- |
- |
- |
109.8 |
|
Operating Lease Payments Due in Year 10 |
- |
- |
- |
- |
109.8 |
|
Operating Lease Pymts. Due in 2-3 Years |
346.4 |
312.1 |
275.8 |
202.1 |
262.2 |
|
Operating Lease Pymts. Due in 4-5 Years |
346.4 |
312.1 |
275.8 |
202.1 |
262.2 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
2,969.4 |
2,672.1 |
2,519.5 |
2,039.1 |
2,779.5 |
|
Pension Obligation - Domestic |
4,970.7 |
4,545.6 |
4,525.2 |
3,253.2 |
4,753.7 |
|
Plan Assets - Domestic |
3,985.5 |
3,907.1 |
3,122.1 |
2,260.8 |
3,686.8 |
|
Funded Status - Domestic |
-985.2 |
-638.5 |
-1,403.1 |
-992.4 |
-1,067.0 |
|
Unfunded Plan Obligations |
17.3 |
17.4 |
46.5 |
25.1 |
31.7 |
|
Total Funded Status |
-1,002.5 |
-655.9 |
-1,449.5 |
-1,017.5 |
-1,098.7 |
|
Discount Rate - Domestic |
4.95% |
5.65% |
5.70% |
6.90% |
6.30% |
|
Expected Rate of Return - Domestic |
7.60% |
7.70% |
7.80% |
8.20% |
7.60% |
|
Compensation Rate - Domestic |
3.30% |
3.85% |
3.75% |
4.50% |
4.45% |
|
Pension Payment Rate - Domestic |
2.60% |
3.15% |
3.25% |
3.50% |
3.45% |
|
Accrued Liabilities - Domestic |
-1,002.5 |
-655.9 |
-1,449.5 |
-1,017.5 |
-1,067.0 |
|
Other Assets, Net - Domestic |
762.9 |
365.7 |
912.6 |
570.2 |
255.8 |
|
Net Assets Recognized on Balance Sheet |
-239.6 |
-290.3 |
-537.0 |
-447.3 |
-811.1 |
|
Equity % - Domestic |
77.00% |
74.00% |
71.00% |
73.00% |
64.00% |
|
Debt Securities % - Domestic |
12.00% |
13.00% |
14.00% |
15.00% |
20.00% |
|
Real Estate % - Domestic |
8.00% |
8.00% |
8.00% |
11.00% |
13.00% |
|
Other Investments % - Domestic |
3.00% |
5.00% |
7.00% |
1.00% |
3.00% |
|
Total Plan Obligations |
4,988.0 |
4,563.1 |
4,571.6 |
3,278.3 |
4,785.5 |
|
Total Plan Assets |
3,985.5 |
3,907.1 |
3,122.1 |
2,260.8 |
3,686.8 |
Annual Cash Flows
Financials in: USD (mil)
|
|
28-Jan-2012 |
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.624652 |
0.648767 |
0.635548 |
0.558389 |
0.499706 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
301.9 |
267.3 |
244.4 |
504.3 |
397.6 |
|
Depreciation |
385.8 |
332.2 |
298.8 |
324.3 |
338.6 |
|
Depreciation/Depletion |
385.8 |
332.2 |
298.8 |
324.3 |
338.6 |
|
Amortization of Intangibles |
51.7 |
37.0 |
38.4 |
37.6 |
35.4 |
|
Amortization |
51.7 |
37.0 |
38.4 |
37.6 |
35.4 |
|
Discontinued Operations |
- |
- |
- |
- |
-0.8 |
|
Unusual Items |
6.2 |
-1.5 |
3.3 |
-227.1 |
-0.4 |
|
Other Non-Cash Items |
327.7 |
397.1 |
368.8 |
302.8 |
425.0 |
|
Non-Cash Items |
333.9 |
395.5 |
372.1 |
75.8 |
423.8 |
|
Accounts Receivable |
-20.2 |
-65.5 |
-38.1 |
135.6 |
-183.7 |
|
Inventories |
-69.2 |
-35.5 |
-73.5 |
-13.3 |
3.2 |
|
Accounts Payable |
229.1 |
203.6 |
185.8 |
-72.7 |
88.3 |
|
Other Liabilities |
2.1 |
13.9 |
-9.0 |
58.0 |
-10.8 |
|
Other Operating Cash Flow |
-369.0 |
-509.7 |
-260.2 |
-376.3 |
-445.3 |
|
Changes in Working Capital |
-227.2 |
-393.2 |
-194.9 |
-268.6 |
-548.3 |
|
Cash from Operating Activities |
846.2 |
638.8 |
758.7 |
673.4 |
647.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-681.5 |
-690.4 |
-645.6 |
-651.5 |
-682.6 |
|
Purchase/Acquisition of Intangibles |
-141.5 |
-67.1 |
-52.2 |
-70.2 |
-46.8 |
|
Capital Expenditures |
-823.0 |
-757.4 |
-697.8 |
-721.7 |
-729.4 |
|
Sale of Business |
- |
- |
- |
- |
1.6 |
|
Sale of Fixed Assets |
18.9 |
5.7 |
11.2 |
16.1 |
33.6 |
|
Other Investing Cash Flow |
3.8 |
4.8 |
8.5 |
22.7 |
15.2 |
|
Other Investing Cash Flow Items, Total |
22.7 |
10.5 |
19.7 |
38.9 |
50.4 |
|
Cash from Investing Activities |
-800.3 |
-747.0 |
-678.2 |
-682.9 |
-679.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-87.6 |
-118.2 |
-16.5 |
-87.2 |
-59.6 |
|
Financing Cash Flow Items |
-87.6 |
-118.2 |
-16.5 |
-87.2 |
-59.6 |
|
Repurchase/Retirement
of Preferred |
-0.3 |
-0.3 |
-0.3 |
-0.4 |
-0.4 |
|
Preferred Stock, Net |
-0.3 |
-0.3 |
-0.3 |
-0.4 |
-0.4 |
|
Issuance (Retirement) of Stock, Net |
-0.3 |
-0.3 |
-0.3 |
-0.4 |
-0.4 |
|
Long Term Debt Issued |
114.5 |
233.7 |
447.2 |
204.9 |
- |
|
Long Term Debt
Reduction |
-3.2 |
-2.3 |
-3.3 |
-2.9 |
-174.1 |
|
Long Term Debt, Net |
111.3 |
231.4 |
443.9 |
202.0 |
-174.1 |
|
Issuance (Retirement) of Debt, Net |
111.3 |
231.4 |
443.9 |
202.0 |
-174.1 |
|
Cash from Financing Activities |
23.4 |
112.8 |
427.0 |
114.4 |
-234.1 |
|
|
|
|
|
|
|
|
Net Change in Cash |
69.3 |
4.6 |
507.6 |
104.9 |
-266.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
716.2 |
685.0 |
191.6 |
113.2 |
392.4 |
|
Net Cash - Ending Balance |
785.6 |
689.6 |
699.2 |
218.1 |
126.5 |
|
Cash Interest Paid |
3.7 |
3.1 |
1.1 |
35.8 |
80.0 |
|
Cash Taxes Paid |
54.0 |
42.4 |
63.6 |
15.0 |
116.7 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Jan-2012 |
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.624652 |
0.648767 |
0.635548 |
0.558389 |
0.499706 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Turnover |
- |
- |
10,596.5 |
11,223.7 |
12,111.5 |
|
Gross Sales |
13,975.0 |
12,649.1 |
- |
- |
- |
|
Adjustment for Sale or Return Sales |
-193.2 |
-178.8 |
- |
- |
- |
|
Value Added Tax |
-1,361.1 |
-1,122.9 |
- |
- |
- |
|
Total Revenue |
12,420.7 |
11,347.4 |
10,596.5 |
11,223.7 |
12,111.5 |
|
|
|
|
|
|
|
|
Cost of Sales |
8,271.0 |
7,520.0 |
7,018.2 |
7,513.4 |
8,019.9 |
|
Other Operating Income |
-95.4 |
-82.8 |
-80.4 |
-82.2 |
-83.2 |
|
Branch Operating Expenses |
2,876.6 |
2,533.6 |
2,363.0 |
2,446.1 |
2,447.0 |
|
Administrative Expenses |
738.8 |
712.3 |
526.9 |
591.5 |
738.6 |
|
Pension Costs |
- |
- |
155.6 |
175.9 |
198.9 |
|
Total Operating Expense |
11,791.1 |
10,683.0 |
9,983.4 |
10,644.7 |
11,321.2 |
|
|
|
|
|
|
|
|
Interest Payable |
-95.7 |
-81.1 |
-71.9 |
-79.5 |
-77.4 |
|
Amortisation of Issue Cost of Bonds |
-1.6 |
-1.7 |
-1.7 |
-0.5 |
-0.6 |
|
Preference Dividends |
-0.5 |
-0.5 |
-0.5 |
-0.5 |
-0.6 |
|
SIP Dividends |
-2.6 |
-2.0 |
-1.9 |
-2.5 |
-1.0 |
|
Premium Paid on Bond Redemption |
0.0 |
-14.2 |
0.0 |
- |
- |
|
Adjustments to Fair Value |
-5.0 |
-0.2 |
-0.8 |
-5.9 |
-0.4 |
|
Net Finance cost from Retirement Scheme |
-10.4 |
-7.2 |
-63.3 |
-9.7 |
0.0 |
|
Interest Receivable |
3.8 |
4.3 |
5.8 |
19.9 |
14.0 |
|
Adjustment to Fair Value |
0.2 |
1.4 |
3.3 |
0.0 |
3.2 |
|
Preference Dividends |
- |
- |
0.2 |
0.2 |
0.2 |
|
Net Finance Incom from Retirement Scheme |
48.5 |
3.9 |
0.0 |
0.4 |
32.4 |
|
Share of Interest Income of Associate |
- |
- |
- |
- |
-16.0 |
|
Dilution of Interest |
- |
- |
0.0 |
228.2 |
16.0 |
|
Partnership Bonus |
-264.5 |
-299.8 |
-238.1 |
-224.6 |
-362.4 |
|
Net Income Before Taxes |
301.9 |
267.3 |
244.4 |
504.3 |
397.6 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
83.9 |
70.9 |
76.8 |
86.1 |
118.9 |
|
Net Income After Taxes |
218.0 |
196.4 |
167.6 |
418.2 |
278.8 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
218.0 |
196.4 |
167.6 |
418.2 |
278.8 |
|
Discontinued Operation |
- |
- |
- |
- |
-18.2 |
|
Net Income |
218.0 |
196.4 |
167.6 |
418.2 |
260.6 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
218.0 |
196.4 |
167.6 |
418.2 |
278.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
218.0 |
196.4 |
167.6 |
418.2 |
260.6 |
|
|
|
|
|
|
|
|
Diluted Net Income |
218.0 |
196.4 |
167.6 |
418.2 |
260.6 |
|
DPS-Deferred Ordinary Shares |
0.00 |
0.00 |
0.00 |
- |
- |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
- |
- |
|
Normalized Income Before Taxes |
311.5 |
279.6 |
274.4 |
512.7 |
397.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
86.6 |
74.2 |
86.2 |
87.6 |
118.9 |
|
Normalized Income After Taxes |
225.0 |
205.4 |
188.2 |
425.1 |
278.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
225.0 |
205.4 |
188.2 |
425.1 |
278.8 |
|
|
|
|
|
|
|
|
Depreciation |
385.8 |
332.2 |
298.8 |
324.3 |
338.8 |
|
Amortisation of Intangible |
51.7 |
37.0 |
38.4 |
37.6 |
35.4 |
|
Rental Expenses |
182.2 |
164.9 |
153.6 |
153.5 |
159.5 |
|
Interest Expenses |
100.4 |
85.2 |
76.0 |
83.1 |
77.4 |
|
Current Tax - Corporation Tax |
107.9 |
95.9 |
89.1 |
86.5 |
67.2 |
|
Current Tax - Prior Year Corporation Tax |
-1.3 |
-17.6 |
-15.6 |
-21.3 |
-7.6 |
|
Current Tax - Total |
106.6 |
78.3 |
73.5 |
65.2 |
59.6 |
|
Deferred Tax - Origination/Reversal |
-28.8 |
-16.5 |
-3.3 |
11.6 |
59.2 |
|
Deferred tax -prior years |
6.1 |
9.1 |
6.6 |
9.3 |
- |
|
Deferred Tax - Total |
-22.7 |
-7.4 |
3.3 |
21.0 |
59.2 |
|
Income Tax - Total |
83.9 |
70.9 |
76.8 |
86.1 |
118.9 |
|
Current service Cost |
187.9 |
185.0 |
152.2 |
172.1 |
196.5 |
|
Curtailments & Settlements - Domestic |
0.0 |
-3.7 |
- |
- |
- |
|
Interest Cost |
256.5 |
246.0 |
251.1 |
268.5 |
235.1 |
|
Expected Rate of Ret. - Pension |
-305.0 |
-249.9 |
-212.4 |
-258.8 |
-267.6 |
|
Other - Pension |
10.6 |
8.2 |
3.5 |
3.8 |
3.2 |
|
Domestic Pension Plan Expense |
150.0 |
185.6 |
194.3 |
185.5 |
167.3 |
|
Defined Contribution Scheme |
- |
- |
1.4 |
0.5 |
0.6 |
|
Total Pension Expense |
150.0 |
185.6 |
195.7 |
186.1 |
167.9 |
|
Discount Rate - Pension |
4.95% |
5.65% |
5.70% |
6.90% |
6.30% |
|
Expected Return on Assets - Pension |
7.60% |
7.70% |
7.80% |
8.20% |
7.60% |
|
Compensation Rate - Pension |
3.30% |
3.85% |
3.75% |
4.50% |
4.45% |
|
Pensions Payment Rate |
2.60% |
3.15% |
3.25% |
3.50% |
3.45% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
28-Jan-2012 |
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.636531 |
0.631154 |
0.624064 |
0.717437 |
0.504236 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Raw Materials |
5.7 |
8.1 |
7.9 |
7.0 |
9.9 |
|
Work In Progress |
1.3 |
1.3 |
1.3 |
1.0 |
1.4 |
|
Finished Goods and Goods For Resale |
723.9 |
659.3 |
630.2 |
483.1 |
672.7 |
|
Trade Debtors |
- |
- |
- |
- |
80.3 |
|
Trade Debtors |
122.9 |
126.1 |
106.4 |
65.2 |
- |
|
Impaired |
-1.9 |
-1.6 |
-1.3 |
-1.4 |
- |
|
Other Debtors |
74.5 |
86.0 |
71.6 |
60.5 |
65.8 |
|
Due From Associate Undertaking |
- |
- |
- |
0.0 |
7.1 |
|
Prepayments and Accrued Income |
154.6 |
123.6 |
91.8 |
69.6 |
266.5 |
|
Current Tax Receivables |
0.0 |
26.9 |
0.0 |
0.0 |
20.0 |
|
Derivative Financial Instruments |
4.2 |
13.6 |
21.8 |
32.6 |
7.3 |
|
Cash at Bank and in Hand |
131.3 |
133.4 |
134.8 |
92.8 |
142.6 |
|
Short Term Deposit |
734.0 |
678.9 |
762.6 |
182.6 |
98.6 |
|
Total Current Assets |
1,950.4 |
1,855.6 |
1,827.1 |
993.0 |
1,372.4 |
|
|
|
|
|
|
|
|
Computer Software |
358.2 |
306.6 |
273.0 |
191.1 |
245.5 |
|
Work in Progress |
113.7 |
71.6 |
40.9 |
40.7 |
17.5 |
|
Accumulated Intangible Amortization |
-213.8 |
-201.7 |
-165.7 |
-113.2 |
-130.3 |
|
Land and Buildings |
5,879.8 |
5,372.7 |
5,121.6 |
4,048.4 |
5,436.3 |
|
Fixtures and Fittings |
2,507.2 |
2,495.4 |
2,386.1 |
1,893.4 |
2,495.9 |
|
Assets in Course of Construction |
139.7 |
365.8 |
143.4 |
198.9 |
280.2 |
|
Depreciation |
-2,559.3 |
-2,494.3 |
-2,217.4 |
-1,712.8 |
-2,219.6 |
|
Trade and Other Receivable |
65.7 |
65.6 |
68.1 |
61.9 |
62.1 |
|
Deferred Tax |
- |
0.0 |
67.1 |
30.2 |
0.0 |
|
Total Assets |
8,241.6 |
7,837.4 |
7,544.3 |
5,631.7 |
7,560.0 |
|
|
|
|
|
|
|
|
Bank Overdraft and Other Borrowings |
474.6 |
261.9 |
185.2 |
105.7 |
115.8 |
|
Loans |
- |
- |
- |
- |
0.0 |
|
Trade Creditors |
832.8 |
672.6 |
574.0 |
444.5 |
679.2 |
|
Amount Associate Undertaking |
- |
- |
- |
0.0 |
9.1 |
|
Other Creditors |
161.7 |
153.1 |
128.2 |
125.2 |
194.6 |
|
Other Taxation and Social Security |
224.8 |
224.0 |
187.8 |
120.3 |
238.8 |
|
Accruals |
290.8 |
265.4 |
264.9 |
121.4 |
185.2 |
|
Deferred Income |
39.3 |
40.9 |
45.3 |
12.1 |
9.7 |
|
Partnership Bonus |
233.5 |
279.0 |
220.5 |
157.4 |
324.3 |
|
Corporation Tax |
- |
- |
- |
- |
0.0 |
|
Finance lease liabilities |
0.9 |
1.3 |
1.1 |
0.8 |
1.4 |
|
Taxes Payable |
14.6 |
0.0 |
2.7 |
24.9 |
- |
|
Provision |
142.3 |
134.7 |
109.8 |
98.5 |
107.7 |
|
23 Derivative financial instrument |
3.9 |
1.6 |
3.8 |
0.0 |
0.0 |
|
Total Current Liabilities |
2,419.2 |
2,034.4 |
1,723.4 |
1,210.8 |
1,865.8 |
|
|
|
|
|
|
|
|
Borrowings |
1,138.0 |
1,294.3 |
1,257.7 |
718.4 |
797.8 |
|
5% Cumulative Preference Stock |
5.8 |
5.9 |
5.9 |
0.7 |
1.0 |
|
7.5% Cumulative Preference Stock |
0.8 |
0.8 |
0.8 |
5.2 |
7.3 |
|
Cumulative Preference Stock of subsidiar |
0.6 |
0.0 |
- |
- |
- |
|
SIP Shares |
110.3 |
84.8 |
63.6 |
39.3 |
27.4 |
|
Finance Lease |
41.5 |
44.4 |
45.7 |
40.7 |
59.7 |
|
Total Long Term Debt |
1,297.0 |
1,430.1 |
1,373.7 |
804.3 |
893.2 |
|
|
|
|
|
|
|
|
Accruals |
1.4 |
1.7 |
2.1 |
2.1 |
3.6 |
|
Other payables |
1.3 |
- |
- |
- |
- |
|
Deferred Income |
132.1 |
102.2 |
77.9 |
65.0 |
76.0 |
|
Provisions |
181.6 |
178.9 |
186.4 |
130.7 |
193.8 |
|
Deferred Tax |
50.4 |
150.0 |
0.0 |
0.0 |
89.4 |
|
Retirement benefit obligations |
1,002.5 |
655.9 |
1,449.5 |
1,017.5 |
1,098.7 |
|
Non-controlling interest |
0.0 |
0.6 |
0.6 |
0.6 |
0.8 |
|
Total Liabilities |
5,085.5 |
4,553.9 |
4,813.6 |
3,230.9 |
4,221.2 |
|
|
|
|
|
|
|
|
26 Share capital |
0.9 |
1.0 |
1.0 |
0.8 |
1.2 |
|
Capital Redemption Reserve |
- |
- |
8.0 |
7.0 |
9.9 |
|
Capital Reserve |
- |
- |
2.2 |
2.0 |
2.8 |
|
Hedge Reserve |
- |
- |
-2.6 |
10.7 |
1.4 |
|
Other Reserve |
10.4 |
10.1 |
- |
- |
- |
|
Profit and Loss Account |
3,144.7 |
3,272.4 |
2,722.0 |
2,380.3 |
3,323.4 |
|
Total Equity |
3,156.0 |
3,283.5 |
2,730.6 |
2,400.8 |
3,338.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
8,241.6 |
7,837.4 |
7,544.3 |
5,631.7 |
7,560.0 |
|
|
|
|
|
|
|
|
S/O-Deferred Ordinary Shares |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
Total Common Shares Outstanding |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
S/O-5% Cumm. Pref. Stock |
3.7 |
3.7 |
3.7 |
3.7 |
3.7 |
|
S/O-7.5% Cumm. Pref. Stock |
0.5 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Total Preferred Shares Outstanding |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
Accumulated Intangible Amortization |
213.8 |
201.7 |
165.7 |
113.2 |
130.3 |
|
Deferred Income - Current |
39.3 |
40.9 |
45.3 |
12.1 |
9.7 |
|
Deferred Income - Long Term |
132.1 |
102.2 |
77.9 |
65.0 |
76.0 |
|
Full-Time Employees |
78,700 |
74,800 |
70,000 |
68,700 |
68,200 |
|
Capital Leases Maturing within 1 Year |
2.8 |
3.2 |
3.4 |
3.1 |
4.4 |
|
Capital Leases Maturing within 5 Years |
10.7 |
11.7 |
13.3 |
11.7 |
17.1 |
|
Operating Leases Maturing After 5 Years |
72.6 |
76.5 |
81.6 |
73.6 |
108.9 |
|
Interest |
-43.7 |
-45.8 |
-51.4 |
-46.8 |
-69.2 |
|
Total Capital Leases, Supplemental |
42.4 |
45.6 |
46.8 |
41.5 |
61.1 |
|
Operating Leases Maturing within 1 Year |
183.8 |
165.9 |
143.3 |
105.8 |
141.2 |
|
Operating Leases Maturing within 5 Years |
692.8 |
624.3 |
551.5 |
404.2 |
524.4 |
|
Operating Lease Maturing 5-10 Years |
- |
- |
- |
- |
549.1 |
|
Operating Leases Remaining Maturities |
2,969.4 |
2,672.1 |
2,519.5 |
2,039.1 |
2,230.3 |
|
Total Operating Leases, Supplemental |
3,846.0 |
3,462.2 |
3,214.3 |
2,549.1 |
3,445.0 |
|
Projected Benefit Obligation - Pension |
4,970.7 |
4,545.6 |
4,525.2 |
3,253.2 |
4,753.7 |
|
FV of Plan Assets - Pension |
3,985.5 |
3,907.1 |
3,122.1 |
2,260.8 |
3,686.8 |
|
Funded Status - Pension |
-985.2 |
-638.5 |
-1,403.1 |
-992.4 |
-1,067.0 |
|
Unfunded Benefit Obligation |
17.3 |
17.4 |
46.5 |
25.1 |
31.7 |
|
Total Funded Status |
-1,002.5 |
-655.9 |
-1,449.5 |
-1,017.5 |
-1,098.7 |
|
Discount Rate - Pension |
4.95% |
5.65% |
5.70% |
6.90% |
6.30% |
|
Expected Return on Assets- Pension |
7.60% |
7.70% |
7.80% |
8.20% |
7.60% |
|
Compensation Rate - Pension |
3.30% |
3.85% |
3.75% |
4.50% |
4.45% |
|
Pensions Payment Rate |
2.60% |
3.15% |
3.25% |
3.50% |
3.45% |
|
Liability - Pension |
-1,002.5 |
-655.9 |
-1,449.5 |
-1,017.5 |
-1,067.0 |
|
Acturial Gain/Loss - Pension |
762.9 |
365.7 |
912.6 |
570.2 |
255.8 |
|
Net Assets Recognized on Balance Sheet |
-239.6 |
-290.3 |
-537.0 |
-447.3 |
-811.1 |
|
Equity % - Pension |
77.00% |
74.00% |
71.00% |
73.00% |
64.00% |
|
Bonds % - Pension |
12.00% |
13.00% |
14.00% |
15.00% |
20.00% |
|
Property % - Pension |
8.00% |
8.00% |
8.00% |
11.00% |
13.00% |
|
Other % - Pension |
3.00% |
5.00% |
7.00% |
1.00% |
3.00% |
Annual Cash Flows
Financials in: USD (mil)
|
|
28-Jan-2012 |
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.624652 |
0.648767 |
0.635548 |
0.558389 |
0.499706 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
301.9 |
267.3 |
244.4 |
504.3 |
397.6 |
|
Depreciation |
385.8 |
332.2 |
298.8 |
324.3 |
338.6 |
|
Amortisation of Intangible |
51.7 |
37.0 |
38.4 |
37.6 |
35.4 |
|
Net Finance Cost |
63.2 |
97.3 |
130.8 |
78.3 |
62.6 |
|
Partnership Provision |
264.5 |
299.8 |
238.1 |
224.6 |
362.4 |
|
Disposal of Property Plant and Equipment |
6.2 |
-1.5 |
3.3 |
1.1 |
-0.4 |
|
Profit on Disposal of Associate |
- |
- |
0.0 |
-228.2 |
- |
|
Increase in Stocks |
-69.2 |
-35.5 |
-73.5 |
-13.3 |
3.2 |
|
Increase in Debtors |
-20.2 |
-65.5 |
-38.1 |
135.6 |
-183.7 |
|
Increase in Creditors |
229.1 |
203.6 |
185.8 |
-72.7 |
88.3 |
|
Pension |
-0.6 |
0.9 |
-16.4 |
32.6 |
-20.8 |
|
Movement in Provisions |
2.7 |
12.9 |
7.4 |
25.4 |
10.0 |
|
Partnership Bonus Paid For Previous Year |
-311.4 |
-233.1 |
-195.6 |
-325.4 |
-307.8 |
|
Finance costs paid |
-3.7 |
-3.1 |
-1.1 |
-35.8 |
-20.8 |
|
Taxation |
-54.0 |
-42.4 |
-63.6 |
-15.0 |
-116.7 |
|
Discontinued Operations |
- |
- |
- |
- |
-0.8 |
|
Special Contribution to the Pension Sche |
0.0 |
-231.2 |
0.0 |
- |
- |
|
Cash from Operating Activities |
846.2 |
638.8 |
758.7 |
673.4 |
647.2 |
|
|
|
|
|
|
|
|
Capital Expenditures |
-681.5 |
-690.4 |
-645.6 |
-651.5 |
-682.6 |
|
Purchase of Intangible |
-141.5 |
-67.1 |
-52.2 |
-70.2 |
-46.8 |
|
Sale of Tangible Assets |
18.9 |
5.7 |
11.2 |
16.1 |
33.6 |
|
Sale of Business |
- |
- |
- |
- |
1.6 |
|
Finance Income Received |
3.8 |
4.8 |
8.5 |
22.7 |
15.0 |
|
Discontinued Operation |
- |
- |
- |
- |
0.2 |
|
Cash from Investing Activities |
-800.3 |
-747.0 |
-678.2 |
-682.9 |
-679.0 |
|
|
|
|
|
|
|
|
Finance costs Paid on Bonds |
-87.6 |
-118.2 |
-16.5 |
-87.2 |
-59.2 |
|
Payments of Capital Element of Finance |
-1.1 |
-0.6 |
-0.9 |
-1.8 |
-1.6 |
|
Premium Paid on Options |
- |
- |
- |
- |
-0.4 |
|
Payments to SIP shareholders |
-2.1 |
-1.7 |
-2.4 |
-1.1 |
- |
|
Payments to Preference Shareholders |
-0.3 |
-0.3 |
-0.3 |
-0.4 |
-0.4 |
|
Increase in Borrowings |
114.5 |
233.7 |
447.2 |
204.9 |
- |
|
Loan Repayments |
- |
- |
- |
- |
-172.5 |
|
Cash from Financing Activities |
23.4 |
112.8 |
427.0 |
114.4 |
-234.1 |
|
|
|
|
|
|
|
|
Net Change in Cash |
69.3 |
4.6 |
507.6 |
104.9 |
-266.0 |
|
|
|
|
|
|
|
|
Cash at Start |
716.2 |
685.0 |
191.6 |
113.2 |
392.4 |
|
Cash at End |
785.6 |
689.6 |
699.2 |
218.1 |
126.5 |
|
Cash Interest Paid |
3.7 |
3.1 |
1.1 |
35.8 |
80.0 |
|
Cash Taxes Paid |
54.0 |
42.4 |
63.6 |
15.0 |
116.7 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.96 |
|
UK Pound |
1 |
Rs.85.45 |
|
Euro |
1 |
Rs.69.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.