Marks and Spencer 2011 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2011 Marks and Spencer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

Ç
%SFTTUPJNQSFTT"TDVTUPNFSTMPPLFEGPSOFXBOE
FYDJUJOHXBZTUPVQEBUFUIFJSXBSESPCFXFPGGFSFE
UIFNNPSFDIPJDFUIBOFWFSPOESFTTFTTVDIBTPVS
TUZMJTIQFSVOBESFTTBCPWF
Æ
TDIJD0VSPOUSFOEflPSBMCSBIFMQFEHJWFXPNFO
UIFNVDIEFTJSFETTUZMFTJMIPVFUUF
È
/FBSMZ/BLFE8FTDBOOFEUIFTLJODPMPVSPGPWFS
DVTUPNFSTBOETUBG GUPIFMQVTDSFBUFUIF
GPVSTIBEFTGPSPVS/FBSMZ/BLFESBOHF8JUIB
TPGUTFBNMFTTfiOJTIIFMQJOHUPDSFBUFUIFQFSGFDU
TJMIPVFUUFUIFHBSNFOUTBSFBMNPTUJOWJTJCMFVOEFS
DMPUIJOH
-JOHFSJFBOE#FBVUZ
.PSFUIBOPOFJOfiWF#SJUJTIXPNFO
DIPPTF.4GPSUIFJSMJOHFSJFXBT
BOPUIFSFYDFMMFOUZFBSXJUIWBMVFNBSLFU
TIBSFVQUPBOEWPMVNF
NBSLFUTIBSFJODSFBTJOHUP
5IFMBTUNPOUITTBXBSFOFXFEGPDVT
POJOOPWBUJPOXJUIBOFNQIBTJTPOOFX
GBCSJDTTVDIBTXBTIBCMFTJMLBOEDPUUPO
.PEBMTOFXEFTJHOTBOEUFDIOPMPHJFT
*O+VMZXFMBVODIFEUIFfiSTUFWFSCSBUIBU
CPPTUTUIFBQQFBSBODFPGUIFXFBSFST
DMFBWBHFCZUXPDVQTJ[FT#BTFEPOJUT
TVDDFTTXFFYUFOEFEUIFUFDIOPMPHZUP
BCPEZGPSNBUJO.BSDI
0VSJOOPWBUJPOXBTJOUVOFXJUIGBTIJPO
USFOETBOEPVSOFX/FBSMZ/BLFESBOHF
EFTJHOFEUPAEJTBQQFBSVOEFSDMPUIJOH
PGGFSFEUIFJEFBMTPMVUJPOGPSXPNFOUP
XFBSVOEFSTVNNFSXIJUFTBOEOFVUSBMT
0VSHSFBUWBMVFTUBQMFTDPOUJOVFEUPESJWF
GPPUGBMMBDSPTTPVSTUPSFTBOEXF
FYQFSJFODFESFDPSETBMFTJOCPUIIPTJFSZ
BOETMFFQXFBS8FCSPBEFOFEPVSSBOHF
PGUIFSNBMAXBSNXFBSJODPSQPSBUJOHOFX
IFBUHFOFSBUJOHUFDIOPMPHZJOUPNPSF
WFSTBUJMFMBZFSJOHTUZMFTXJUITBMFTVQ
UIJTXJOUFS
3FflFDUJOHDVSSFOUEFTJHOUSFOETPVS
MJOHFSJFDPMMFDUJPOTGFBUVSFEHMBNPSPVT
JOflVFODFTGSPNCPUIDPOUFNQPSBSZBOE
WJOUBHFEJSFDUJPOT8FBMTPDBUFSFEGPSUIF
HSPXJOHAMPVOHFSJFUSFOEoPGGFSJOHOFX
FBTZUPXFBSJUFNTTVDIBTBMMJOPOFT
BOEADBSEJHPXOTJOMVYVSJPVTTVQFSTPGU
GBCSJDT
*O/PWFNCFSXFBOOPVODFEQMBOTUP
JOUFHSBUFPVS#FBVUZEFQBSUNFOUJOUP
-JOHFSJF5IJTXJMMIFMQVTNBYJNJTFUIF
OBUVSBMTZOFSHJFTBOEDSPTTTFMMJOH
PQQPSUVOJUJFTUIBUFYJTUCFUXFFOUIFTF
BSFBT5IJTNPWFHJWFTVTTJHOJfiDBOU
PQQPSUVOJUJFTUPEFWFMPQUIFHSPXUIBSFBT
JO#FBVUZTVDIBTQFSTPOBMDBSFBOE
GSBHSBODF
7BMVFMJOHFSJF
NBSLFUTIBSF
7PMVNFMJOHFSJF
NBSLFUTIBSF

QUT 
QUT
'JOBODJBMTUBUFNFOUT
PUIFSJOGPSNBUJPO(PWFSOBODF'JOBODJBMSFWJFX1FSGPSNBODF.BSLFUQMBDF4USBUFHZ0WFSWJFX 0QFSBUJOHSFWJFX
5PfiOEPVUNPSFWJTJUNBSLTBOETQFODFSDPNBOOVBMSFQPSU%JSFDUPSTSFQPSU
