The financial statements of Marks and Spencer plc (M&S) are available at the book’s companion website or can be accessed at http:// annualreport.marksandspencer.com/ _assets/ downloads/Marksand-Spencer-Annual-report-and-financial-statements-2012.pdf.

Instructions
Refer to M&S’s financial statements and the accompanying notes to answer the following questions.
  (a) What amounts relative to income taxes does M&S report in its:

(1) 2012 income statement?
(2) 31 March 2012 statement of financial position?
(3) 2012 statement of cash flows?

  (b) M&S’s provision for income taxes in 2011 and 2012 was computed at what effective tax rates (See the notes to the financial statements.)
  (c) How much of M&S’s 2012 total provision for income taxes was current tax expense, and how much was deferred tax expense?
  (d) What did M&S report as the significant components (the details) of its 31 March 2012 deferred tax assets and liabilities?