I noticed whilst entering the data for my companies Consolidated Income Statements that, especially in 2012, the data changes from the 2012 Annual report to the 2013 Annual report for the year of 2012. So when looking at the figures on both reports, they are slightly different. Pretty stoked I picked this up just quietly :). My question is, do I use the figures from the 2012 report as the assignment asks OR do I use the figures in the 2013 Annual Report? For these spreadsheets I have used the 2012 Annual Report information, after all this is what the assignment asks for. However, logic tells me that I should use the figures from the 2013 report as obviously there has been some corrections made. What is everyone's thoughts on this? My gut tells me that the answer is possibly in one of the lectures but I thought I'd throw it out to me peers first.
Also, from year to year, lines in the statements have been added, so in my spreadsheets I too added these and left blank those years that did not have anything for this. Is this correct?
Another question is, when entering my balance sheets I had noticed that whilst the total figures of sections were the same, they had moved figures and adjusted them throughout other categories. For example Annual Report for 2012 and Annual Report for 2013, talking of figures for the year 2012 only. I noticed that under current liabilities, figures were noted for current tax liabilities and provisions but in the 2013 Annual Report a new category of employee benefits was added and they split the figures up to be included here also. This comes back to my first question, do I enter on my spreadsheets the figures from the 2012 Annual Report or 2013 Annual Report.
My other question is what is the consolidated statement of comprehensive income? This obviously isn't required for this assignment and I may be getting ahead of myself but I am interested to know!
Your thoughts and feedback would be appreciated!
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