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 kind of pension plan does M&S provide its employees?
b. What was M&S's pension expense for 2016 and 2015?
c. What is the impact of M&S's pension plans for 2016 on its financial statements?
d. What information does M&S provide on the target allocation of its pension assets? How do the allocations relate to the expected returns on these assets?