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 |
which of the six categories of differences identified are prevalent in your chosen companies' financial statements....
which of the six categories of differences identified are prevalent in your chosen companies’ financial statements. How would this affect you if you were reviewing these companies for a possible investment? 6 CATEGORIES OF DIFFERENCES IDENTIFIED 1.Differences in the financial statements included in an annual report. 2-Differences in the format used to present individual financial statements. 3-Differences in the level of detail provided in the financial statements. 4-Differences in terminology. 5-Differences in disclosure. 6-Differences in recognition and measurement. FINANCIAL STATEMENTS...
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 (s thousands) Sales 2813 2012 2011 2017 2016 2015 2014 $2,485 $2,177 $1,988 $1,815 $1,694 $1,575 $1,291 1,787 Cost of goods sold Gross profit Operating expenses 1,454 723 1,251 1,095 1,017 951 758 698 729 720 677 624 533 200 531 381 281 244 241 416 383 333 Net income 167 $ $ 307 348 S 439 $ 433 HAROUN COMPANY...
Columbia Sportswear Company’s financial statements are presented in Appendix B. Financial statements of VF Corporation are presented in Appendix C. (b) What conclusions concerning the management of cash can be drawn from the free cash flow data? COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Year Ended December 31, 2016 2015 2014 $ 2.377,045 $ 2,326,180 $ 2,100,590 1,266,697 1,252,680 1,145,639 1,110,348 1,073,500 954,951 864,084 831,971 763,063 10,244 8,192 6,956 256,508 249,721 198,844 2,003 1,531...
Columbia Sportswear Company’s financial statements are presented in Appendix B. Financial statements of VF Corporation are presented in Appendix C. (a) Based on the information contained in these financial statements, compute free cash flow for each company. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in thousands.) Columbia Sportswear Company VF Corporation Free cash flow (in thousands) $Enter the amount in thousands of dollars $Enter the amount in...
The Home Depot, Inc., financial statements appear in Appendix A at the end of this textbook. a. Identify where you can tell that the company uses straight-line depreciation. b. Which of the following statement is false? c. Using information from the consolidated financial statements, calculate the following for the year ended February 1, 2015: a) Net Income, b) Gross profit as a % of sales, c) Current ratio at February 1. 2015, d) Current ratio at the end of the...
(a) Based on the information contained in these financial statements, determine the following values for each company. (Round all percentages to 1 decimal place, e.g. 17.5%.) (1) Profit margin for 2016. (For VF, use “Net Sales.”) Profit margin Columbia Sportswear Company enter percentages rounded to 1 decimal place % VF Corporation enter percentages rounded to 1 decimal place % (2) Gross profit for 2016. (Enter amounts in thousands.) Gross profit (000’s) Columbia Sportswear Company $enter an amount in thousands of...
30 MARKS AND SPENCER GROUP PLC FINANCIAL STATEMENTS SUMMARY FINANCIALS CONSOLIDATED INCOME STATEMENT 52 weeks ended 28 March 2015 Underlying Non-underlying 52 weeks ended 29 March 2014 Underlying Non-underlying Total £m Em Em Em Total Em 10,309.7 Revenue 10,311.4 10,311.4 10,309.7 Operating profit 762.5 (61.2) 701.3 741.9 (47.4) 694.5 Finance income Finance costs 15.5 (116.8) 15.5 (116.8) 20.1 (139.1) 25.0 (139.1) (61.2) Profit before tax Income tax expense Profit for the year 661.2 (124.8) 536.4 600.0 (118.3) 481.7 6.5 622.9...
Expand Your Critical Thinking 12-02 a Columbia Sportswear Company’s financial statements are presented in Appendix B. Click here to view Appendix B. Financial statements of VF Corporation are presented in Appendix C. Click here to view Appendix C. (a) Based on the information contained in these financial statements, compute free cash flow for each company. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in thousands.) .. . ......
Comparative Analysis Case The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Instructions Use the companies' financial information to answer the following questions. a. What kind of pension plans do Coca-Cola and PepsiCo provide their employees? b. What net periodic pension expense (cost) did Coca-Cola and PepsiCo report in 2017? c. What is...
QUESTION: The following 5 pictures are a part of real life AEO financial statements. Can you help me analyze the following....I need to use the liquidity, solvency, and profitability ratios to prepare a two year ratio analysis of AEO using the two most recent years on the following 5 statements pictured. Then, in your opinon what is the finanical strength and overall profitability of AEO, and why? Thank you for your help! Item 6. Selected Consolidated Financial Data. The following...