(Walker Snack Foods Ltd is the United Kingdom-based subsidiary of the United States-based parent firm: Pepsico Inc.)....
Question:
(Walker Snack Foods Ltd is the United Kingdom-based subsidiary of the United States-based parent firm: Pepsico Inc.).
Use the UK Companies House website to search for the assigned UK subsidiary. You will be able to download the UK subsidiary's full accounts (i.e., annual reports) under the "filing history" tab. Below is the link to UK Companies House website.
https://find-and-update.company-information.service.gov.uk/
(All you need to do is to cut and paste the link into internet. You will find the UK Companies House. When you are at the UK Companies House website, you will be able to find the assigned subsidiary. Make sure that you use exactly the assigned subsidiary name)
a. Critically analyse all the major financing sources of the assigned UK subsidiary for the year 2021 and present a table of supporting data (monetary value and the percentage of each type of all financing sources over total assets).
b. Examine whether or not the parent firm has used various mechanisms to potentially shift profits (profit shifting) from the subsidiary. Support your answer with specific, well-explained evidence, data, and facts.
Subsidiary: Walkers Snack Foods Ltd. - registered number (company number) - 02333074
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick