Question

In: Accounting

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

 

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

Solutions

Expert Solution

 

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.

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