Club Méditerranée, the French leisure company, reports the following information relating to its financial liabilities (Source: Annual
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Required
1. Reconcile the figures provided in the Notes with those provided in the balance sheet.
2. What do convertible bonds represent?
3. What do financial lease obligations represent?
4. What do draw downs on lines of credit represent?
5. What is the difference between current portion of long-term bank borrowings and short-term bank loans?
6. Are short-term bank loans and overdrafts equivalent?
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Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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