Diageo is a United Kingdom (UK) consumer products firm, best known in the United States for the
Question:
Re-create Diageos June 30, 2004, balance sheet using U.S. terminology and a standard U.S. format.
Transcribed Image Text:
Diageo Consolidated Balance Sheet 30 June 2004 (In millions of pounds) Fixed assets Intangible assets Tangible assets 4.012 1.976 1.263 .772 9,023 Other investments Current assets Debtors-due within one year Debtors-due after one year Cash at bank and liquid resources 2.176 1,573 151 .167 Creditors-due within one year (2001) Other creditors (5.023) Net current assets (liabilities) Total assets less current liabilities Creditorsdu tr more than one year 9,067 Other creditors (109) (3.425) Provisions for liabilities and charges Net assets before post-employment assets and liabilities Post-employment assets 4,933 (750) 4,183 Net assets Capital and reserves Called up share capital Share premium account 3,058 (1,695) Capital redemption reserve Profit and loss account Reserves attributable to equity shareholders Shareholder funds 2,907 3.692 Minority interests 179 312 491 4,183
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Related Book For
Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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This video is about ways to attempt consolidated balance sheet questions. since the unconsolidated financial statements of parent and subsidiary companies are prepared separately, consolidating the balance sheets of both companies is critical and sometimes becomes complex. the tutorial will guide students on to how questions on attempting questions on consolidated financial statements in an easier yet more effective way.
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