3.1.Q: How is Inditex financing the Business in 2017? Show the different ways of financing with numbers

3.2.Q: Is Inditex having Profit/Loss, please explain how they operate?

3.3.Q: What are the most important costs for Inditex Accumulated YTD (Year to Date)

3.4.Q: Give me 2 examples of possible tangible assets for Inditex?

3. EXERCISE LARA : Check the Financial Statements & accounting information for 2017 for Inditex | 11 is available iu die lollowing website Grupo Inditex FY2017 profit & loss statement (Em) Grupo Inditex Consolidated Balance Sheet as of 31 January 2018 (m 31 January 2018 FY2017 FY2016 Net sales Cost of sales Gross profit Grots margin 25,336 23,311 NON CURRENT ASSET 10,084 919 7,664 237 (11,076) (10,032) Intangible assets 13,279 Tangible assets 14,260 56.3% 57.0% Financial investments Other (8,044) (8,176) Opcrating cxpcnscs Other net operating income (losses) Operating cash flow (EBITDA) CURRENT ASSETS 10,147 2,685 778 1,472 4,931 (20nventories 5,277 5,083 21.8% Receivables Short term investments Cash & cash equivalents EBITDAmmorgin 20.8% (1,063) Other Amortisation and depreciation Operating income (EBIT) (963) 4,314 17.0% 4,021 1 7.2% IEBIT marain TOTAL ASSETS 20,231 Total Liabilities & Shareholders' Equity Financial results : Results trom companies consolidated by equity meth 4 SHAREHOLDERS EQUITY 13,522 13,497 25 Income before taxes 4.078 Equity attributable to the Group 4,351 17.2 Minority interests 17.3% NON CURRENT LIABILITIES 1,536 Taxes Net income (979) 3,372 (917) Deferred taxes 3,161Financial debt Other 1,264 Minorities Net income attributable to the controlling company Netinenme maroin 4 3,15 13 5% CURRENT LIABILITIES Financial debt Payables Other 5,173 12 5,057 105 3,368 13 3% TOTAL LIABILITIES&SHAREHOLDERS' EQUITY 20,231 Earnings per share, Euros () 1.082