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 kind of pension plan does M&S provide its employees?

(b) What was M&S’s pension expense for 2013 and 2012?

(c) What is the impact of M&S’s pension plans for 2013 on its financial statements?

(d) What information does M&S provide on the target allocation of its pension assets? How do the allocations relate to the expected returns on these assets?

Data From Appendix A 

Transcribed Image Text:

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 2,3 756.0 746.5 6 26.5 48.3 6 (218.2) (136.8) 564.3 658.0 (106.3) (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