In: Finance
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
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 |
ccounts 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 |
|
|
|
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Assets and liability & equity equal to €12.417.