IFRS 19-13 The financial statements of Marks and Spencer plc (M&S) are available
ID: 2497064 • Letter: I
Question
IFRS 19-13
The financial statements of Marks and Spencer plc (M&S) are available at the book’s companion website or can be accessed at http://annualreport2012.marksandspencer.com/.
Refer to M&S’s financial statements and the accompanying notes to answer the following questions.
IFRS 19-13
The financial statements of Marks and Spencer plc (M&S) are available at the book’s companion website or can be accessed at http://annualreport2012.marksandspencer.com/.
Refer to M&S’s financial statements and the accompanying notes to answer the following questions.
Explanation / Answer
2011 2012
1) Income Tax expense 182.00 168.40
2) Current Tax Receivable 1.60 1.60
Current tax Liabilities 115.00 87.8
Deferred tax Laibilities 196.50 195.70
3) Income tax paid 185.30 149.10
4) Effective Tax rate 23.30% 25.60%
5) Current Tax Expense 218.30 178.20
deferred tax expense (36.3) (9.8)
Total 182.00 168.4
6) Deferred tax Asset 0 0
Deferred tax Laibilities 196.50 195.70