Overview Of Financial Statements

Overview of Financial Statements

COMPANIES

Income Statement Statement of Retained Earnings Balance Sheet

Pattern Followed

Preparation Date

Pepsi – Last Saturday of December Coca Cola - 31 December

Monetary Unit Used Pepsi – U.S. dollars ($) Coca Cola - U.S. dollars ($)

FedEx - 31 May

FedEx - U.S. dollars ($)

Unilever - 31 December

Unilever – Euro (€)

GM – 31 December

General Motors - U.S. dollars ($)

Common Features Accounting Period: One Year Period

Vertical Pattern being followed

Comparison of

Income Statement

Income Statement It is a summarization of the company’s revenue and expense transactions for a period of time.

FEDEX REVENUES LESS: OPERATING EXP OPERATING INCOME ADD: OTHER INCOME INCOME BEFORE TAX LESS: PROVISION FOR INCOME TAXES NET INCOME

COCA COLA NET OPERATING REVENUES LESS: Cost of goods sold GROSS PROFIT LESS: Selling, general and administrative expenses LESS: Other operating charges OPERATING INCOME ADD: Interest income ADD: Interest expense Other income (loss) — INCOME BEFORE INCOME TAXES LESS; Income taxes NET INCOME

GENERAL MOTORS TOTAL NET SALES AND REVENUES LESS: TOTAL COSTS AND EXPENSES NET INCOME

PEPSICO NET REVENUES LESS: EXPENSES OPERATING PROFIT ADD: INCOMES LESS: LOSS INCOME FROM OPERATIONS BEFORE INCOME TAX LESS: PROVISION FOR INCOME TAX NET INCOME

UNILEVER

Add: Add:

Turnover Operating Profit Profit Before Taxation Net Profit from continuing operation Net Profit

Depreciation Method  Pepsi – Straight Line Method  Coca Cola - Straight Line Method  FedEx - Straight Line Method  Unilever – Straight Line Method  General Motors - Accelerated Method

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

COMPARISON OF

BALANCE SHEET

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

FedEx

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

Unilever Assets  Non-current assets  Current assets

Liabilities & Shareholders Equity •Total current liabilities •Total non-current liabilities •Shareholders’ equity •Total equity •Total capital employed

PepsiCo Current Assets

Liabilities & Shareholders Equity

• Property, Plant and Equipment, net

Current Liabilities

• Amortizable Intangible Assets, net

Long-Term Debt Obligations

• Nonamortizable Intangible Assets

Deferred Income Taxes

• Investments in Noncontrolled Affiliates

Preferred Stock, no par value

• Other Assets

Common Shareholders’ Equity

Total Current Liabilities

Other Liabilities

Deferred Income Taxes

Repurchased Preferred Stock

Coca Cola Assets  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

General Motors (GM) Assets  Current Assets  Financing and Insurance Operations Assets  Non-Current Assets

Liabilities and Stockholder’s Current liabilities Financing and Insurance Operations Liabilities Non-Current Liabilities

ANY QUERIES