Obtain Moet Hennessy Louis Vuitton’s 2017 annual report using the “Investor Relations” portion of its web site (do a Web search for Moet Hennessy Louis Vuitton investor relations).

Required:
1. What were the total current liabilities at the end of 2017? What was the largest current liability?
2. Describe LVMH’s short-term borrowings at the end of 2017.
3. Did LVMH report any provisions? If so, describe the nature of these provisions.
4. Describe the components of “other current liabilities” as reported by LVMH.