Income Statement
| Income Statement | ||||||
|---|---|---|---|---|---|---|
| Year to 31 March | 2007 £m |
2008 £m |
2009 £m |
2010 £m |
2010^ £m |
2011 £m |
| Revenue | ||||||
| Retail | 410.1 | 484.4 | 629.7 | 748.8 | 710.1 | 962.3 |
| Wholesale | 354.1 | 426.2 | 489.2 | 433.6 | 377.5 | 440.6 |
| Licensing | 86.1 | 84.8 | 82.6 | 97.5 | 97.5 | 98.4 |
| Total | 850.3 | 995.4 | 1,201.5 | 1,279.9 | 1,185.1 | 1,501.3 |
| Cost of sales | (329.0) | (377.7) | (535.7) | (475.9) | (423.9) | (491.6) |
| Gross margin | 521.3 | 617.7 | 665.8 | 804.0 | 761.2 | 1,009.7 |
| Adjusted operating expenses | (336.2) | (411.5) | (485.0) | (584.1) | (541.3) | (708.6) |
| Adjusted operating profit * | ||||||
| Retail/wholesale | 111.7 | 135.6 | 110.1 | 137.7 | 137.7 | 219.5 |
| Licensing | 73.4 | 70.6 | 70.7 | 82.2 | 82.2 | 81.6 |
| Total | 185.1 | 206.2 | 180.8 | 219.9 | 219.9 | 301.1 |
| Restructuring (costs)/credit | - | - | (54.9) | (48.8) | (3.4) | 1.0 |
| Chinese put option liability finance charge | - | - | - | - | - | (3.2) |
| Goodwill impairment charge | - | - | (116.2) | - | - | - |
| Store impairments | - | - | (13.4) | - | - | - |
| Negative goodwill | - | - | 1.7 | - | - | - |
| Relocation of HQ | - | 15.1 | (7.9) | - | - | - |
| Atlas costs | (21.6) | (19.6) | - | - | - | - |
| Plant closure costs | (6.5) | - | - | - | - | - |
| Operating profit/(loss) | 157.0 | 201.7 | (9.9) | 171.1 | 216.5 | 298.9 |
| Net finance income/(charge) | (0.7) | (6.0) | (6.2) | (5.1) | (5.1) | (3.2) |
| Profit/(loss) before taxation | 156.3 | 195.7 | (16.1) | 166.0 | 211.4 | 295.7 |
| Taxation | (46.1) | (60.5) | 11.0 | (83.8) | (58.8) | (83.2) |
| Discontinued operations | - | - | - | - | (70.4) | (6.2) |
| Minority interests | - | - | (0.9) | (0.8) | (0.8) | 2.1 |
| Attributable profit/(loss) | 110.2 | 135.2 | (6.0) | 81.4 | 81.4 | 208.4 |
| Adjusted diluted EPS * (pence) | 29.1 | 31.6 | 30.2 | 35.1 | 35.1 | 48.9 |
| Diluted EPS (pence) | 24.7 | 30.5 | (1.4) | 18.4 | 18.4 | 46.9 |
| Diluted weighted average number of ordinary shares (m) | 446.1 | 442.8 | 438.1 | 441.9 | 441.9 | 444.0 |
| 2007 | 2008 | 2009 | 2010 | 2010^ | 2011 | |
| Revenue by product category | £m | £m | £m | £m | £m | £m |
| Non-apparel | 211.2 | 289.7 | 366.3 | 419.6 | 416.6 | 563.3 |
| Womenswear | 305.5 | 345.2 | 412.8 | 415.5 | 373.4 | 456.6 |
| Menswear | 227.0 | 247.8 | 298.4 | 288.5 | 249.4 | 325.9 |
| Childrenswear/other | 20.5 | 27.9 | 41.4 | 58.8 | 48.2 | 57.1 |
| Licensing | 86.1 | 84.8 | 82.6 | 97.5 | 97.5 | 98.4 |
| Total | 850.3 | 995.4 | 1,201.5 | 1,279.9 | 1,185.1 | 1,501.3 |
| 2007 | 2008 | 2009 | 2010 | 2010^ | 2011 | |
| Revenue by destination | £m | £m | £m | £m | £m | £m |
| Europe | 229.8 | 291.8 | 379.8 | 408.1 | 421.8 | 474.6 |
| Spain | 151.8 | 161.6 | 144.5 | 107.1 | - | - |
| Asia Pacific | 167.5 | 189.1 | 240.0 | 282.7 | 282.7 | 457.1 |
| Americas | 196.5 | 234.8 | 304.7 | 324.8 | 324.7 | 386.5 |
| Rest of World | 18.6 | 33.3 | 49.9 | 59.7 | 58.4 | 84.7 |
| Retail/wholesale | 764.2 | 910.6 | 1,118.9 | 1,182.4 | 1,087.6 | 1,402.9 |
| Licensing | 86.1 | 84.8 | 82.6 | 97.5 | 97.5 | 98.4 |
| Total | 850.3 | 995.4 | 1,201.5 | 1,279.9 | 1,185.1 | 1,501.3 |
* Adjusted for exceptional items
^ 2010 re-presented to exclude discontinued Spanish operations