Final Results
29 May 2002 - 5:05PM
UK Regulatory
RNS Number:5387W
Retail Corporation PLC
28 May 2002
THE RETAIL CORPORATION PLC
AND SUBSIDIARY UNDERTAKINGS
(The entire Ordinary share capital of the Company is held by Sears Limited)
PRELIMINARY RESULTS
FOR THE YEAR ENDED 31st JANUARY 2002
Profit and Loss Account for the year ended 31 January 2002
2001/02 2000/01
£m £m
TURNOVER - -
OPERATING PROFIT/(LOSS) 427.0 (3.3)
Profit on disposal of subsidiary undertakings to parent - 1.6
Loss on disposal of properties (0.2) (1.6)
Net interest payable - -
PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION 426.8 (3.3)
Taxation - -
PROFIT/(LOSS) ON ORDINARY ACTIVITIES AFTER TAXATION 426.8 (3.3)
Dividends on preference shares (0.7) (0.7)
ATTRIBUTABLE TO EQUITY SHAREHOLDERS 426.1 (4.0)
Dividends on ordinary shares - -
ADDED TO/(DEDUCTED FROM) RESERVES 426.1 (4.0)
The operating profit includes a write back of a balance due to fellow subsidiary
undertaking amounting to £423.4m.
THE RETAIL CORPORATION PLC
AND SUBSIDIARY UNDERTAKINGS
(The entire Ordinary share capital of the Company is held by Sears Limited)
PRELIMINARY RESULTS
FOR THE YEAR ENDED 31st JANUARY 2002
Balance Sheet as at 31 January 2002
2002 2001
£m £m
CURRENT ASSETS
Debtors 590.9 224.4
Cash - 0.4
590.9 224.8
CURRENT LIABILITIES
Creditors (0.1) (56.5)
NET CURRENT ASSETS 590.8 168.3
PROVISION FOR LIABILITIES AND CHARGES - (3.6)
TOTAL ASSETS 590.8 164.7
CAPITAL AND RESERVES
Share Capital (including non-equity Interests) 130.5 130.5
Profit and Loss account 460.3 34.2
SHAREHOLDERS' FUNDS (including non-equity Interests) 590.8 164.7
The preliminary statement of results for 2001/02 is an abridged version of the
Company's audited full accounts and has been agreed with the Company's auditors.
The statutory accounts will be filed with the Registrar of Companies in due
course.
This information is provided by RNS
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