IFRS PRACTICAL IMPLEMENTATION GUIDE AND WORKBOOK
Wiley IFRS: Practical Implementation Guide and Workbook
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Illustrative capital disclosu res under lAS J 1. XYZ company's objectives in managing its capital are
2005 2. Based on the financial covenants imposed on ABC Inc. by the international consortium of bankers from whom the entity has obtained working capital loans and other indirect bank– ing facilities (LIC and LlG facilities), the entity maintains, at all times during the year, a debt/equity ratio of at least I to 3. For the purposes of computing debt/equity ratio the banks have agreed to include in "equity" the following: a. Share capital b. Share premium c. Retained earning d. Shareholder' s loans in the nature of equity (including subordinated loans) e. Statutory reserve (as per local commercial company law) f. Revaluation reserve 8.0 Extracts from Published Financial Statements AHOLD, Annual Report 2006 Consolidated Statement of Operations Euro in millions. except per-share data Notes 2QQQ Net sales 6 44,872 Cost of sales (35,54 1) Gross profit 9,33 1 Selling expenses (6,488) General and administrative expenses (1,550) Settlement securities class action 0 Total operating expenses 7,8,9 (8,038) Op erating income 1,293 Interest income 62 Financial expense 10 2004 43,979 44,040 (34,873) (34,924) 9,106 9,116 (6,465) (1,585) (6,383) (1,766) (803) 0 (8,853) (8,149) 253 967 88 64 a. To ensure that the entity's ability to continue as a going concern is safeguarded so that it can continue to meet its financial obligations as and when they fall due and by pro– tecting its ability to provide returns to its shareholders and other stakeholders; and b. To provide adequate returns to the shareholders by operating the business at predeter– mined optimal levels, by ensuring the present revenue stream from operations is maintained at least at the current levels and by effectively collecting its receivables as agreed with debtors while extending credit.
(738) (650)
(334) (270)
(580) (518)
104 801
118
Share in income of joint ventures and associates
18
152 927
(279)
Income (loss) before income taxes
(140)
214
Income taxes
II
(91)
(65)
661 222 883
Income (loss) from continuing opera tions Income from discontinued operations
836
211 146
12
79
Net income
915
Attributable to Common shareholders
870
120
899
26
13
Minority interests
16
146
883
Net income
915
Earnings per share
13
Net income per share attributable to common shareholders Basic Income (loss) per share from continuing operations attributable to common shareholders Basic Weighted average number of common shares outstanding (x 1,000 shares) Basic Diluted Diluted
0.56 0.56
0.58 0.57
0.08 0.08
0.53 0.52
(0.06) (0.06)
0.42 0.42
1,555,475
1,554,713 1,553,007 1,554,713 1,553,240
Diluted 1,653,823 The accompanying notes are an integral part ofthese consolidated fi nancial statements.
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