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which of the six categories of differences identified are prevalent in your chosen companies financial statements. How would

EXHIBIT 2.14 AB ELECTROLUX Excerpt from Note 27. Employees and Remuneration Notes, all amounts in SEKm, unless otherwise stat
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Answer #1
Note: Following calculations are made on the basis of best assumptions can be made as per the information available in given problems. The answer might be different as answers provided by other expert on the basis of different assumptions taken by other expert.
1. Differences in the financial statement included in an annual report
Ans. Since information in relation to 2 different financial statement for the same financial year has not been provided out of which one should be part of annual report-it is not possible to identify any differences.
2. Differences in the format used to present individual financial statements.
Ans. It can be seen from the problem that company has provided only one financial statement. Hence it is not possible to identify the differences in the format used to present individual financial statements.
3. Differences in the level of details provided in the financial statements.
Average number of employees, by geographical areas
2016 2015 Differences
Europe 20991 20548 443
North america 10064 9933 131
Latin America 16218 18325 -2107
Asia/Pacific 4872 5241 -369
Rest of world 3255 4218 -963
Total 55400 58265 -2865
Man 35584 38105 -2521
Woman 19816 20160 -344
55400 58265 -2865
Salary and remuneration
2016 2015 Differences
Parent 931 1078 -147
Subsidiary 14955 14780 175
15886 15858 28
Employers contributions
2016 2015 Differences
Parent 478 562 -84
Pension costs 178 213 -35
Subsidiary 3011 2839 172
Pension costs 533 555 -22
4200 4169 31
Salary and remuneration to Board members and senior managers
2016 2015 Differences
Parent company 72 51 21
other 251 244 7
323 295 28
Salary and remuneration to other employees
2016 2015 Differences
Parent company 859 1027 -168
other 14704 14536 168
15563 15563 0
4. Differences in terminology
Ans. No Differences found
5. Differences in disclosures
Ans. No Differences found
6. Differences in Recognition and measurement
Ans. No Differences found
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