Refer to the financial statements of the Nestl Group in Appendix A of this book. section*{Required:} 1.

Refer to the financial statements of the Nestlé Group in Appendix A of this book.

\section*{Required:}

1. Does Nestlé report income taxes payable as a separate account on its statement of financial position at the end of the current year? If not, where would this account be included on Nestle's statement of financial position?

2. How did changes in trade payables affect cash flows from operating activities in the current year?

3. What is the amount of non-current financial liabilities at the end of the current year?

4. What amounts of deferred income tax assets and liabilities are reported on the statement of financial position at the end of the current year?

5. Does the company disclose information on contingent liabilities?