Question

 

Question: adidas Group reported the following balance sheet accounts in a recent year (euros in millions). Prepare

the balance sheet for this company, following usual IFRS practices. Assume the balance sheet is reported

as of December 31, 2014.

Property, plant and equipment €1,454 Intangible assets . €2,763

Total equity . 5,617 Total current liabilities . 4,378

Accounts receivable 1,946 Inventories . 2,526

Total noncurrent liabilities . 2,422 Total liabilities 6,800

Cash and cash equivalents . 1,683 Other current assets 1,192

Total current assets . 7,347 Total noncurrent assets . 5,070

Other noncurrent assets . 853

Answer 1

 

Adidas Group
Balance Sheet
For the year December 31, 2014
Assets
Non-Current Assets
Intangible Assets	€2,763
Property, Plant, and Equipment	€1,454
Other Noncurrent Assets	€853
Total Noncurrent Assets	€5,070
Current Assets
Other Current Assets	€1,192
Inventories	€2,526
accounts Receivable	€1,946
Cash and Cash Equivalents	€1,683
Total Current Assets	€7,347
Total Assets	€12,417
Liability & Equity
Equity	€5,617
Total Equity
Liabilities
Total Noncurrent Liabilities	€2,422
Total Current Liabilities	€4,378
Total Liabilities	€6,800
Total Equity & Liabilities	€12,417

 

 

Assets and liability & equity equal to  €12.417.