IFRS 4-7 (Part Level Submission) The financial statements of Marks and Spencer plc (M&S) are presented in Appendix E. The company's complete annual report, inclu Refer to M&S's financial statements and the accompanying notes to answer the following questions (cl) Compute M&S's gross proft for each of the years 2014 and 2015. (Round answers to 1 decimal place, e-g. s 2014 2015 Gross profit m E Clicki you would lhke to show Work for this questions Modf Sh.k The parts of this question must be completed in order. This part will be available when you complete the part above, Specimen Financial Statements: Marks and Spencer plc Marks and Spencer (M&S) ple is one of the United Kingdom's leading retailers, with over 1,330 stores worldwide. The company is committed to delivering sustainable, high-quality food, clothing, and home products. To access M&S's complete annual report, including notes to the financial statements, follow these steps: 1. Go to http://corporate.marksandspencer.com/2intid-gft_company. 2. Select Reports, Results, and Presentations under Investors. 3. Select the Annual Report dated 4 June 2015. 4. The Notes to Consolidated Financial Statements begin on page 94. dix E Specimen Financial Statements: Marks and Spencer plo CONSOLIDATED INCOME STATEMENT 10,3097 2337625 612) 70137419 20.1 0,3097 6945 250 10,3114 0,311.4 Operating profit 74) SS 155 (16.a)(116.8) Finance income 49 Fnance costs Profit before tax Profit for the year (1391) 471 1183) 1171) 481.7 02 413047443 5030 Owners of the parent 48 $248 46 088) Basic earnings per share Diuted earnings per share 833.1p3.Ap)297p322p03p 325p CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Profit for the year 481.7 5060 Items that will not be classified to profit or loss 191.7 31.8 53.5 tens that may be reclassified subsequently to profit or loss Foreigncurrencytranslation differences Cashfiow and net investment hedes as 223 -reclassfied and reported in net profit 60.0) (21.6) 36.4 mount recogrised in inventories on cash flow and net investment 122 2644 income for the year 7509 4054 46.1 Specimen Financial Statements: Marks and Spencer Trade and other payables CONSOLIDATED STATEMENT OF IN EQUITY Asat 31 March 201 roft/os for the year 248 5248 088) 506.0 2z3) 4035 315.1 22026 07 benefit schemes Tax credit on retrement benefit schemes 318 reclassied and reported in net prore 77 (099 0176 2736) Shares issued 093 09.3 372 2 46 404 213 213 213 As at 30 March 2014 401 355.5 2,2026 (41.8) (65422) 6,325.1 2.7073 (06) 2,706.7 - 4865 4865 (4.8) 481. (4.8) 481.7 Ocher compn Foreign currency translation benef it schemes 1927 93.7 (40.2) (40.2) 193.7 Cashflow andnet investment hedpes fairvalue movements in other - reclassfied and reported innet proft Tax on cash flow hedges and net 210.9103 221.2 (600) (21.6) . 2212 (60.0) 21.6216 (600) . - Other comprehensive income 1061 -106.1 - 158.3 2644 -6448 7509 (4.8) 746.1 Transactions with (280.7) (280.7) - 46 46 Shares issued on exercise of emplayee share options Purchase of oun shares held by employee trusts Release of share-based payments Deferred tax on share schemes 40.8 3.9 36.9 242) (42) As at 28 March 2015 120 3924 22026 643 (65422) 66705 31996 (0.8) 3,198. Specimen Financial Statements: Marks and Spence STATEMENT OF CASH FLOWS 1,3491 Cash flows from investing activities 401) financial assets Cash flows from financing activities Irterest paid (115.3) 1657) (1327) 503)