From 2021 annual report: 

1. Determine the total amount of non-controlling interest in 2020 and 2021. 

2. State in which statement it is disclosed and in which section. 

3. State the amount of controlling interest share and non-controlling interest share in Nestlé Company’s profit and dividends for 2020 and 2021. 

4. Nestlé Company prepared its consolidated financial statements in accordance with the International Financial Reporting Standards (“IFRS”), as mentioned in its annual report. Assuming that it was not mentioned in the annual report that the company is following IFRS; provide evidence from annual report (related to course subjects studied) that indicate that the company is following IFRS and not following GAAP? 

5. State the amounts of impairment losses of goodwill and intangible assets in 2021. 

6. Which cash generating unit suffered an impairment loss related to goodwill in 2021? 

7. What were the underlying business reasons that required Nestlé to record a goodwill impairment in 2021 and what are the implications of that on Nestlé Company? 

8. How did Nestlé reflect the goodwill impairment in its income statement and cash flow statement? 

9. Which method did Nestlé use in preparing its cash flow statement? Provide a proof for your answer from the annual report

Answer rating: 100% (QA)

1 The total amount of noncontrolling interest in 2020 was CHF 2818 million and in 2021 was CHF 2922 ... View the full answer