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60

Consolidated statement of comprehensive income

52 weeks ended 30 January 2011

Note

2011 m

2010 m

Turnover Cost of sales Gross profit Other operating income Administrative expenses (Losses)/profits arising on property transactions Operating profit Analysed as: Operating profit before pensions credit Pensions credit within administrative expenses Operating profit Finance costs Finance income Profit before taxation Taxation Profit for the period attributable to the owners of the Company Other comprehensive income/(expense): Actuarial gain/(loss) arising in the pension scheme Foreign exchange movements Cash flow hedging movement Tax in relation to components of other comprehensive income/(expense) Other comprehensive income/(expense) for the period, net of tax Total comprehensive income for the period attributable to the owners of the Company Earnings per share (pence) basic diluted

16,479 (15,331) 1,148 80 (323) (1) 904

15,410 (14,348) 1,062 65 (224) 4 907

20

904 904 (43) 13 874 (242) 632

816 91 907 (60) 11 858 (260) 598

6 6 7

20

34 3 (11) 26 658

(71) (1) (11) 22 (61) 537

9 9

23.93 23.43

22.80 22.37

Wm Morrison Supermarkets PLC

Annual report and financial statements 2011

61

Consolidated balance sheet

30 January 2011

Strategic review Performance review Governance Group financial statements Company financial statements Investor information

4 22 32 52 89 102

21 31 51 88 101 105

Note

2011 m

Restated (note 11) 2010 m

Restated (note 11) 2009 m

Assets Non-current assets Intangible assets Property, plant and equipment Investment property Net pension asset Other financial assets Current assets Stocks Debtors Other financial assets Cash and cash equivalents Liabilities Current liabilities Creditors Other financial liabilities Current tax liabilities Non-current liabilities Other financial liabilities Deferred tax liabilities Net pension liabilities Provisions Net assets Shareholders equity Called-up share capital Share premium Capital redemption reserve Merger reserve Retained earnings and hedging reserve Total equity attributable to the owners of the Company

10 11 12 20 14

184 7,557 229 38 3 8,011 638 268 4 228 1,138

7,439 229 7,668 577 199 71 245 1,092

6,838 242 81 7,161 494 244 327 1,065

15 14

16 17

(1,914) (172) (2,086) (1,052) (499) (92) (1,643) 5,420

(1,845) (213) (94) (2,152) (1,027) (515) (17) (100) (1,659) 4,949

(1,915) (1) (108) (2,024) (1,049) (472) (49) (112) (1,682) 4,520

17 19 20 21

22 22 23 23 23

266 107 6 2,578 2,463 5,420

265 92 6 2,578 2,008 4,949

263 60 6 2,578 1,613 4,520

The financial statements on pages 54 to 88 were approved by the Board of Directors on 9 March 2011 and were signed on its behalf by:

Dalton Philips Chief Executive

Richard Pennycook Group Finance Director

www.morrisons.co.uk/annualreport11

Annual report and financial statements 2011

92

Wm Morrison Supermarkets PLC Company balance sheet

30 January 2011

Note

2011 m

2010 m

Fixed assets Tangible assets Derivative financial assets Investments Current assets Stocks goods for resale Derivative financial assets Debtors amounts falling due within one year Cash-in-hand Creditors amounts falling due within one year Net current liabilities Total assets less current liabilities Creditors amounts falling due after more than one year Provisions for liabilities Net assets excluding pension asset Net pension asset Net assets including pension asset Capital and reserves Called-up share capital Share premium Capital redemption reserve Merger reserve Profit and loss account and hedging reserve Equity shareholders funds

34 35 36

3,086 3 3,366 6,455 400 4 514 69 987 (3,032) (2,045) 4,410

2,975 3,366 6,341 350 395 151 896 (2,766) (1,870) 4,471 (455) (90) 3,926 16 3,942

35 37

38

39 40

(475) (96) 3,839 12 3,851

41

43 44 44 44 44

266 107 6 2,578 894 3,851

265 92 6 2,578 1,001 3,942

The accounting policies on pages 89 to 91 and notes on pages 93 to 101 form part of these financial statements. The financial statements on pages 89 to 101 were approved by the Board of Directors on 9 March 2011 and signed on its behalf by:

Dalton Philips Chief Executive

Richard Pennycook Group Finance Director

Wm Morrison Supermarkets PLC

Annual report and financial statements 2011