Diageo is a United Kingdom (UK) consumer products firm, best known in the United States for the
Question:
Re-create Diageos June 30, 2007, balance sheet using U.S. terminology and a standard U.S. format.
Transcribed Image Text:
Diageo Consolidated Balance Sheet 30 June 2007 (In millions of pounds) Non-current assets Intangible assets Property. plant and equipment... Biological assets Investments in associates Other investments Other receivables Other financial assets Deferred tax assets Post employment benefit assets 4,383 1932 12 1,436 128 17 52 38 8,769 Current assets 2.465 Trade and other receivables...**.759 Other financial assets Cash and cash equivalents 78 885 5,187 13,956 Total assets Current liabilities Borrowings and bank overdrafts._... Other financial liabilities Trade and other payables Corporate tax payable (535) (43) (.888) (673) (60) (4.199) Non-current liabilities Borrowings Other financial liabilities Other payables (4.132) (104) (38) Deferred tax liabilities (582) (457) 5.587) (9.786) 4,170 Total liabilities Net assets Equity Called up share capital Share premium Other reserves Retained deficit 848 1.341 .. 3.186 (1,403) Equity attributable to equity shareholders of the parent company Minority interests Total equity 3,972 198 4,170
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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This video is about ways to attempt consolidated balance sheet questions. since the unconsolidated financial statements of parent and subsidiary companies are prepared separately, consolidating the balance sheets of both companies is critical and sometimes becomes complex. the tutorial will guide students on to how questions on attempting questions on consolidated financial statements in an easier yet more effective way.
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