Brookfield Asset Management Inc.'s 2014 financial statements can be found at the end of this volume or on the company website. Brookfield owns and operates assets with a focus on property, renewable energy, infrastructure, and private equity.

Instructions
Review the financial statements and notes of Brookfield Asset Management Inc. and answer the following questions.

(a) Prepare a summary analysis of Brookfield's sources and uses of cash at the level of operating, investing, and financing subtotals only, for 2014 and 2013. Based on this analysis, comment on the similarities and differences in the company's needs for cash and how they were met over the past two years.
(b) Why is Brookfield's balance sheet not classified? How does an unclassified balance sheet affect its usefulness to an external user of the financial statements?
(c) What method of reporting operating cash flows does Brookfield use in the statement of cash flows? Do you think this approach provides useful information to a potential investor?
(d) Under IFRS, Brookfield has a choice in classifying interest and finance costs. What choice did Brookfield make in this respect? Were some borrowing costs capitalized?
(e) Calculate the amount of debt for 2014 and 2013and the debt to total assets ratio for each year.Comment on any trend that you detect and thecompany's overall solvency. Compare your analysis with the amount of the cash balance at theend of each year.