Obtain LVMH (Moet Hennessy - Louis Vuitton)'s 2010 annual report using the ''Investor Relations'' portion of its website (do a web search for Moet Hennessy - Louis Vuitton investor relations).
Required:
1. Examining footnote 17. BORROWINGS, what was the total amount of bonds outstanding at the end of fiscal year 2010 in Euros? What amount was due within 1 year?
2. Examining LVMH's cash flow statement, what amount of interest was paid by LVMH in 2010?
3. Examining LVMH's income statement. What amount of interest expense did LVMH record in 2010? How does the company refer to interest expense?