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 is the par or stated value of M&S’s preference shares?

(b) What is the par or stated value of M&S’s ordinary shares?

(c) What percentage of M&S’s authorized ordinary shares was issued at year-end 2013?

(d) How many ordinary shares were outstanding at year-end 2012 and 2013?

(e) What was the pound amount effect of the cash dividends on M&S’s equity?

(f) What is M&S’s return on ordinary share equity for 2013 and 2012?

(g) What is M&S’s payout ratio for 2013 and 2012?

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 Notes 2,3 52 weeks ended 30 March 2013 m 10,026.8 52 weeks ended 31 March 2012 m 9,934.3 2,3 756.0 746.5 26.5 (218.2) 48.3 (136.8) 564.3 658.0 (106.3) (168.4) 458.0 489.6 ico ico 466.7 513.1 (8.7) (23.5) 458.0 489.6 29.2p 32.5p 29.0p 32.2p