Overview of

Financial Statements
COMPANIES
 Income Statement

Statement of Retained Earnings

Balance Sheet
 Pattern Followed

Preparation Date Monetary Unit Used

Pepsi – Last Saturday of Pepsi – U.S. dollars ($)

December
Coca Cola - U.S. dollars ($)
Coca Cola - 31 December
FedEx - 31 May FedEx - U.S. dollars ($)

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

Turnover
Add: Operating Profit
Profit Before Taxation
Add: 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 Liabilities &

 Non-current assets
 Current assets
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 Current Liabilities
Equipment, net
Total Current Liabilities
• Amortizable Intangible Long-Term Debt Obligations
Assets, net
Other Liabilities
• Nonamortizable Intangible Deferred Income Taxes
Assets
Deferred Income Taxes
• Investments in Preferred Stock, no par value
Noncontrolled Affiliates
Repurchased Preferred Stock
• Other Assets Common Shareholders’ Equity
 Coca Cola
LIABILITIES AND SHAREOWNERS’
Assets
EQUITY
 Current Assets
 Investment •CURRENT LIABILITIES
 Other Assets
 Property and Equipment •LONG-TERM DEBT
 Trademarks with Indefinite
•OTHER LIABILITIES
lives
 Goodwill •DEFERRED INCOME TAXES
 Other Intangible Assets
•SHAREOWNERS’ EQUITY
 General Motors (GM)
Assets Liabilities and
Stockholder’s
 Current Assets
 Financing and Insurance Current liabilities
Operations Assets Financing and Insurance
 Non-Current Assets Operations Liabilities
Non-Current Liabilities
ANY QUERIES