Question

The following information is based on the fiscal Year 7 balance sheet of Delicious Foods Group, a Belgian food distributor. Delicious Foods applies IFRS and reports its results in millions of euros. Prepare a balance sheet for Delicious Foods that uses a format common to firms reporting under U.S. GAAP.
Assets
Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . €2,445.7
Intangible Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 552.1
Property, Plant, and Equipment . . . . . . . . . . . . . . . . . . . 3,383.1
Other Noncurrent Assets . . . . . . . . . . . . . . . . . . . . . . . . 244.0
€6,624.9
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . €1,262.0
Receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 564.6
Other Current Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . 121.5
Cash and Cash Equivalents . . . . . . . . . . . . . . . . . . . .. 248.9
€2,197.0
Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . €8,821.9
Liabilities and Equity
Share Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . € 50.1
Share Premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,698.9
Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,355.3
Other Reserves and Adjustments . . . . . . . . . . . . . . . . . (1,428.3)
Total Shareholders’ Equity. . . . . . . . . . . . . . . . . . . . . . . €3,676.0
Long-Term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . €1,911.7
Obligations Under Finance Leases. . . . . . . . . . . . . . . . . 595.9
Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 207.2
Other Noncurrent Liabilities . . . . . . . . . . . . . . . . . . . . . . 210.4
Total Noncurrent Liabilities. . . . . . . . . . . . . . . . . . . . . . . . €2,925.2
Short-Term Borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . € 41.5
Long-Term Debt, Current Portion . . . . . . . . . . . . . . . . . . 108.9
Obligations Under Finance Lease, Current Portion . . . . . 39.0
Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.8
Income Tax Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58.7
Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,435.8
Accrued Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . 375.7
Other Current Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . 119.3
Total Current Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . €2,220.7
Total Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . €5,145.9
Total Liabilities and Equity . . . . . . . . . . . . . . . . . . . . . €8,821.9



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  • CreatedMarch 04, 2014
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