Refer to the annual financial statements of Brookfield Asset Management Inc. for its fiscal year ended December 31, 2014, found at the end of the book.
Instructions
(a) Review Brookfield Asset Management Inc.'s balance sheet. Identify all financial investments that are reported, along with their carrying amounts and the method of accounting for each. You may need to read the notes to the financial statements to get the necessary details. Do you think these financial asset investments are significant to an assessment of the company? Comment.
(b) Does Brookfield Asset Management Inc. have any investments in subsidiary companies? Does it own 100% of all its subsidiaries? Can you tell this by looking at the balance sheet? At the income statement? What information is disclosed about these subsidiaries?
(c) Did Brookfield Asset Management acquire any companies during the year? If so, what type of information is pro- vided about these acquisitions? Comment briefly on how such transactions might affect any analysis of the parent company for the year.