Question: Hello, I need help as I do not understand how to convert the following to a U.S. GAAP basis (is this a formula?) Jaguar Land

Hello, I need help as I do not understand how to convert the following to a U.S. GAAP basis (is this a formula?)

Jaguar Land Rover PLC case study:

The table below contains metrics as reported in JLR's three primary financial statements.

Convert these metrics to a U.S. GAAP basis.

Where necessary assume that JLR's tax rate is 21.1 percent

As Reported (IFRS) ( millions) U.S. GAAP

Profit before tax 1,610 ?

Net profit (after tax) 1,272

Total assets 10,962

Shareholders' equity 6,581

Operating cash flow 3,160

Capital expenditures* 3,056

(*Expenditures for both PPE and intangibles.)

Thanks so much!

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