The financial statements of Louis Vuitton are presented in Appendix F. Instructions for accessing and using the company’s complete annual report, including the notes to its financial statements, are also provided in Appendix F.

Instructions

Use the company’s annual report to answer the following questions.

(a) Determine the following amounts at December 31, 2013: (1) total equity, (2) total revaluation reserve, and (3) number of treasury shares.

(b) Examine the equity section of the company’s balance sheet. For each of the following, provide the comparable label that would be used under GAAP: (1) share capital, (2) share premium, and (3) net profit, group share.