Financial Reporting Problem
Marks and Spencer pic (M&S)
The financial statements of M&S are presented in Appendix 5B or can be accessed at the book’s companion
website, www.wiley.comlcollege/kiesoifrs.
Instructions
Refer to M&S’s financial statements and the accompanying notes to answer the following questions.
(a) What cash outflow obligations related to the repayment of long-term debt does M&S have over the
next 5 years?
Marks and Spencer pic (M&S)
The financial statements of M&S are presented in Appendix 5B or can be accessed at the book’s companion
website, www.wiley.comlcollege/kiesoifrs.
Instructions
Refer to M&S’s financial statements and the accompanying notes to answer the following questions.
(a) What cash outflow obligations related to the repayment of long-term debt does M&S have over the
next 5 years?