overview of financial statements
TRANSCRIPT
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Overview of Financial Statements
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COMPANIES
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Income Statement
Statement of Retained Earnings
Balance Sheet
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Pattern Followed
Preparation Date
Pepsi – Last Saturday of December
Coca Cola - 31 December
FedEx - 31 May
Unilever - 31 December
GM – 31 December
Pepsi – U.S. dollars ($)
Coca Cola - U.S. dollars ($)
FedEx - U.S. dollars ($)
Unilever – Euro (€)
General Motors - U.S. dollars ($)
Monetary Unit Used
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Common Features
Accounting Period:
One Year Period
Vertical Pattern being followed
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Comparison
of
Income Statement
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Income Statement
It is a summarization of the company’s revenue and expense transactions for a period of time.
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FEDEX
REVENUES
LESS: OPERATING EXP
OPERATING INCOME
ADD: OTHER INCOME
INCOME BEFORE TAX
LESS: PROVISION FOR INCOME TAXES
NET INCOME
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COCA COLA
NET OPERATING REVENUES LESS: Cost of goods sold
GROSS PROFIT LESS: Selling, general and administrative expenses
LESS: Other operating charges OPERATING INCOMEADD: Interest income ADD: Interest expense Other income (loss) —
INCOME BEFORE INCOME TAXES LESS; Income taxes
NET INCOME
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GENERAL MOTORS
TOTAL NET SALES AND REVENUES
LESS: TOTAL COSTS AND EXPENSES
NET INCOME
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PEPSICO
NET REVENUES
LESS: EXPENSES
OPERATING PROFIT
ADD: INCOMES
LESS: LOSS
INCOME FROM OPERATIONS
BEFORE INCOME TAX
LESS: PROVISION FOR INCOME TAX
NET INCOME
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UNILEVER
Turnover
Add: Operating Profit
Profit Before Taxation
Add: Net Profit from continuing operation
Net Profit
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Depreciation MethodDepreciation Method
Pepsi – Straight Line Method
Coca Cola - Straight Line Method
FedEx - Straight Line Method
Unilever – Straight Line Method
General Motors - Accelerated Method
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Retained Earnings
Portion of stockholders’ equity created by earning net income and retaining the related sources in business.
Retained Earnings Net Retained Earnings
at the beginning + Income - Dividends = at the end
of the period of the Period
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COMPARISON
OF BALANCE SHEET
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Balance Sheet
It lists the amount of company’s Assets, Liabilities and Owner’s Equity at the end of
the accounting period.
Assets = Liabilities + Owner’s Equity
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FedExFedEx
Assets
Current Assets Property and Equipment,
at Cost Other Long-Term Assets
Liabilities and Stockholders’ Investment
•Current Liabilities
•Long-Term Debt, Less Current Portion
•Other Long-Term Liabilities
•Commitments and Contingencies
•Common Stockholders' Investment
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UnileverUnilever
Assets Non-current assets Current assets
Liabilities & Shareholders Equity
•Total current liabilities
•Total non-current liabilities
•Shareholders’ equity
•Total equity
•Total capital employed
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PepsiCoPepsiCo
Current Assets
• Property, Plant and Equipment, net
• Amortizable Intangible Assets, net
• Nonamortizable Intangible Assets
• Investments in Noncontrolled Affiliates
• Other Assets
Liabilities & Shareholders Equity
Current Liabilities
Total Current Liabilities
Long-Term Debt Obligations
Other Liabilities
Deferred Income Taxes
Deferred Income Taxes
Preferred Stock, no par value
Repurchased Preferred Stock
Common Shareholders’ Equity
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Coca ColaCoca ColaAssets Current Assets Investment Other Assets Property and Equipment Trademarks with Indefinite
lives Goodwill Other Intangible Assets
LIABILITIES AND SHAREOWNERS’ EQUITY
•CURRENT LIABILITIES
•LONG-TERM DEBT
•OTHER LIABILITIES
•DEFERRED INCOME TAXES
•SHAREOWNERS’ EQUITY
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General Motors (GM)General Motors (GM)
Assets
Current AssetsFinancing and Insurance
Operations AssetsNon-Current Assets
Liabilities and
Stockholder’s
Current liabilities Financing and Insurance
Operations LiabilitiesNon-Current Liabilities
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ANY QUERIES