Obtain Nestle´'s 2010 annual report using the ''Investor Relations'' portion of its website (do a web search for Nestle investor relations).
Required:
1. What is the value of Nestle´'s financial assets at December 31, 2010?
2. What was the carrying value of Nestle´'s financial assets classified as held-for-trading?
Describe the accounting for these assets.
3. What was the carrying value of Nestle´'s financial assets classified as available-for-sale?
Describe the accounting for these assets.
4. Does Nestle´ use the fair value option for any of its investments?
5. What are associates? How much has Nestle´ invested in these associates and how does it account for this investment group?