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

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

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 INCOMEADD: 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

Turnover

Add: Operating Profit

Profit Before Taxation

Add: Net Profit from continuing operation

Net Profit

Depreciation MethodDepreciation 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

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

UnileverUnilever

Assets Non-current assets Current assets

Liabilities & Shareholders Equity

•Total current liabilities

•Total non-current liabilities

•Shareholders’ equity

•Total equity

•Total capital employed

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

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

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

ANY QUERIES