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 descriptions are used by M&S in its statement of financial position to classify its property, plant, and equipment?

(b) What method or methods of depreciation does M&S use to depreciate its property, plant, and equipment?

(c) Over what estimated useful lives does M&S depreciate its property, plant, and equipment?

(d) What amounts for depreciation expense did M&S charge to its income statement in 2013 and 2012?

(e) What were the capital expenditures for property, plant, and equipment made by M&S in 2013 and 2012?

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 31 March 2012 52 weeks ended 30 March 2013 52 weeks ended Notes 2,3 2,3 66 m 10,026.8 756.0 m 9,934.3 746.5 48.3 (136.8) 26.5 (218.2) 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 8 29.0p 32.2p