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 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 31 March 2012 did M&S disclose?