The financial statements of M&S (GBR) are presented in Appendix A. The company’s complete annual report, including the notes to the financial statements, is available online.

Instructions Refer to M&S’s financial statements and the accompanying notes to answer the following questions.

(a) What types of leases are used by M&S?

(b) What amount of finance leases was reported by M&S in total and for less than one year?

(c) What minimum annual rental commitments under all non-cancelable leases at year-end 2013 did M&S disclose?

Data From Appendix A

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APPENDIX A Specimen Financial Statements: Marks and Spencer Group plc Financial statements Consolidated income statement Revenue Operating profit Finance income Finance costs Profit before tax Income tax expense Profit for the year Attributable to: Equity shareholders of the Company Non-controlling interests Basic earnings per share Diluted earnings per share 52 weeks ended 30 March 2013 52 weeks ended 31 March 2012 Notes 2,3 m 10,026.8 m 9,934.3 2,3 756.0 26.5 (218.2) 746.5 48.3 (136.8) 4 564.3 (106.3) 658.0 (168.4) 458.0 489.6 466.7 513.1 (8.7) (23.5) 458.0 489.6 29.2p 32.5p 29.0p 32.2p