BC02 Antofagasta 34s

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
            The company news service from the London Stock Exchange

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