On this book’s companion website, there is a spreadsheet containing the financial statements of the following:

a Vodafone plc for the fiscal year ended March 31, 2018.

b The Unilever Group for the fiscal year ended December 31, 2017.
c Audi AG for the fiscal year ended December 31, 2017.
d Use the templates shown in Tables 3.1–3.5 to recast these companies’ financial statements.

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TABLE 3.1 Standardized income statement format (classification of operating expenses by function) Standard income statement accounts Description Sample line items classified in account Business - Operating items Revenue Cost of Sales (by function) SG&A (by function) Revenues generated through the use of operating assets. Sales Expenses recognized to account for the use of operating assets in production or procurement activities. Expenses recognized to account for the use of operating assets in selling, distri- bution, or overhead activities. Other Operating Income, Net of Other Oper- Recurring income from noncore operating ating Expense (by function) activities minus recurring expenses that are not directly related to current-period revenues but primarily incurred to gener- ate other operating income or future revenues. Turnover Membership fees Commissions Licences Cost of merchandise sold Cost of products sold Cost of revenues Cost of services Depreciation on manufacturing facilities General and administrative Marketing and sales Distribution expenses Servicing and maintenance Depreciation on selling and administrative facilities Amortization of intangibles Research and development Start-up costs