Marston's PLC Preliminary Results -5-
November 27 2014 - 2:00AM
UK Regulatory
Equity share capital 44.4 44.4
Share premium account 334.0 333.8
Revaluation reserve 545.9 575.3
Capital redemption reserve 6.8 6.8
Hedging reserve (92.9) (95.0)
Own shares (126.8) (130.9)
Retained earnings 47.6 107.5
----------------------------------------------- ----------- -----------
Total equity 759.0 841.9
----------------------------------------------- ----------- -----------
* During the current period the provider of the securitisation's
liquidity facility, the Royal Bank of Scotland Group plc, had its
short-term credit rating downgraded below the minimum prescribed in
the facility agreement and as such the Group exercised its
entitlement to draw the full amount of the facility and hold it in
a designated bank account. The amount drawn down of GBP120.0
million is included within cash and cash equivalents and the
corresponding liability is included within borrowings.
GROUP STATEMENT OF CHANGES IN EQUITY
For the 52 weeks ended 4 October 2014
Equity Share Capital
share premium Revaluation redemption Hedging Own Retained Total
capital account reserve reserve reserve shares earnings equity
GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm
------------------------- --------- --------- ------------ ------------ --------- -------- ---------- --------
At 6 October 2013 44.4 333.8 575.3 6.8 (95.0) (130.9) 107.5 841.9
------------------------- --------- --------- ------------ ------------ --------- -------- ---------- --------
Loss for the period .- .- .- .- .- .- (50.7) (50.7)
Remeasurement of
retirement benefits .- .- .- .- .- .- (12.5) (12.5)
Tax on remeasurement
of retirement benefits .- .- .- .- .- .- 2.8 2.8
Losses on cash flow
hedges .- .- .- .- (36.4) .- .- (36.4)
Transfers to the
income statement
on cash flow hedges .- .- .- .- 39.0 .- .- 39.0
Tax on hedging reserve
movements .- .- .- .- (0.5) .- .- (0.5)
Property revaluation .- .- 16.4 .- .- .- .- 16.4
Property impairment .- .- (3.4) .- .- .- .- (3.4)
Deferred tax on
properties .- .- (2.0) .- .- .- .- (2.0)
------------------------- --------- --------- ------------ ------------ --------- -------- ---------- --------
Total comprehensive
income/(expense) .- .- 11.0 .- 2.1 .- (60.4) (47.3)
------------------------- --------- --------- ------------ ------------ --------- -------- ---------- --------
Share-based payments .- .- .- .- .- .- 0.7 0.7
Tax on share-based
payments .- .- .- .- .- .- 0.1 0.1
Issue of shares .- 0.2 .- .- .- .- .- 0.2
Sale of own shares .- .- .- .- .- 4.1 (3.6) 0.5
Disposal of properties .- .- (44.6) .- .- .- 44.6 .-
Tax on disposal
of properties .- .- 4.7 .- .- .- (4.7) .-
Transfer to retained
earnings .- .- (0.5) .- .- .- 0.5 .-
Dividends paid .- .- .- .- .- .- (37.1) (37.1)
------------------------- --------- --------- ------------ ------------ --------- -------- ---------- --------
Total transactions
with owners .- 0.2 (40.4) .- .- 4.1 0.5 (35.6)
------------------------- --------- --------- ------------ ------------ --------- -------- ---------- --------
At 4 October 2014 44.4 334.0 545.9 6.8 (92.9) (126.8) 47.6 759.0
------------------------- --------- --------- ------------ ------------ --------- -------- ---------- --------
Equity Share Capital Retained Total
share premium Revaluation redemption Hedging Own earnings equity
capital account reserve reserve reserve shares (Restated) (Restated)
GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm
------------------- --------- --------- ------------ ------------ --------- -------- ------------ ------------
At 30 September
2012 44.3 332.8 560.4 6.8 (129.6) (130.9) 78.2 762.0
------------------- --------- --------- ------------ ------------ --------- -------- ------------ ------------
Profit for the
period .- .- .- .- .- .- 56.9 56.9
Remeasurement of
retirement
benefits .- .- .- .- .- .- 5.9 5.9
Tax on
remeasurement
of retirement
benefits .- .- .- .- .- .- (1.5) (1.5)
Gains on cash flow
hedges .- .- .- .- 24.9 .- .- 24.9
Transfers to the
income statement
on cash flow
hedges .- .- .- .- 24.7 .- .- 24.7
Tax on hedging
reserve
movements .- .- .- .- (15.0) .- .- (15.0)
Property
revaluation .- .- 2.1 .- .- .- .- 2.1
Deferred tax on
properties .- .- 15.6 .- .- .- .- 15.6
------------------- --------- --------- ------------ ------------ --------- -------- ------------ ------------
Total
comprehensive
income .- .- 17.7 .- 34.6 .- 61.3 113.6
------------------- --------- --------- ------------ ------------ --------- -------- ------------ ------------
Share-based
payments .- .- .- .- .- .- 0.2 0.2
Tax on share-based
payments .- .- .- .- .- .- 0.3 0.3
Issue of shares 0.1 1.0 .- .- .- .- .- 1.1
Disposal of
properties .- .- (2.1) .- .- .- 2.1 .-
Transfer to
retained
earnings .- .- (0.7) .- .- .- 0.7 .-
Dividends paid .- .- .- .- .- .- (35.3) (35.3)
------------------- --------- --------- ------------ ------------ --------- -------- ------------ ------------
Total transactions
with owners 0.1 1.0 (2.8) .- .- .- (32.0) (33.7)
------------------- --------- --------- ------------ ------------ --------- -------- ------------ ------------
At 5 October 2013 44.4 333.8 575.3 6.8 (95.0) (130.9) 107.5 841.9
------------------- --------- --------- ------------ ------------ --------- -------- ------------ ------------
NOTES
1 Accounting policies
Basis of preparation
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