Marks and Spencer 2008 Annual Report Download - page 2

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Please find page 2 of the 2008 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.

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What’s online…
This year, the majority of M&S
shareholders will be clicking through to
marksandspencer.com/annualreport08
to read our Annual report online. The
experience will not only be a more engaging
one, but a greener one, which helped us
save about four million pages of paper.
It’s a major step forward for us, as we move
towards online becoming our main form of shareholder communication
(see page 4 for details).
Our annual report website now offers:
• An interactive experience
We’ve created different features for you to explore, such as
an interactive timeline of the year and map.
• Clear and simple navigation
Making it quick and easy to find the information you need.
• View as you please
There’s no need to read or print the whole report if you don’t
want to – you can simply print selected pages as you view
them, or download a PDF of the sections you’re interested in.
The majority of the report can also be viewed on handhelds.
• A user-friendly experience
The website has been designed to be accessible for people
with disabilities. Key features include the ability to resize text
to a larger font, tagged images, charts and graphs, and
optimisation for screen readers.
marksandspencer.com/annualreport08
About us
1Our plan
Key performance indicators
2Key performance indicators
Business review
4Chairman’s foreword
5Chief Executive’s statement
9Group Finance and
Operations Director’s statement
10 Our core UK business
11 Womenswear and lingerie
11 Marketplace trends
14 Menswear
15 Kidswear
16 Home
17 Food
20 People
22 Service, IT and logistics
24 Property and store environment
26 M&S Direct
28 International
30 Plan A
Your Board
32 Your Board
Financial review
33 Financial review
Governance
35 Group Directors’ report
39 Corporate governance statement
48 Remuneration report
Financial statements
56 Auditors’ report
57 Consolidated income statement
57 Consolidated statement of
recognised income and expense
58 Consolidated balance sheet
59 Consolidated cash flow information
60 Notes to the financial statements
92 Company income statement
92 Company balance sheet
93 Company statement of changes
in shareholders’ equity
93 Company cash flow statement
94 Company notes to
the financial statements
96 Group financial record
Shareholder information
99 Shareholder information
Index
What’s inside
We are one of the UK’s
leading retailers, with over
21 million people visiting
our stores each week.
We offer stylish, high quality,
great value clothing and
home products, as well as
outstanding quality foods,
responsibly sourced from
around 2,000 suppliers
globally. We employ over
75,000 people in the UK
and abroad, and have
622 UK stores, as well as
an expanding international
business.
About M&S