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Describe the listing sequence of LVMHs assets and liabilities. Does the listing sequence impact the informational content of the consolidated balance sheet ? Appendix C

Describe the listing sequence of LVMH"s assets and liabilities. Does the listing sequence impact the informational content of the consolidated balance sheet ?

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Appendix C | IFRS Illustrated: LVMH Moet Hennessey-Louis Vuitton Cambridge Business Publishers LVMH GROUP Condensed Consolidated Financial Statements Consolidated Balance Sheet (E millions) Notes 2018 2017(1)(2) 2016(1) ASSETS 16,957 Brands and other intangible fixed assets . . . 17,254 13,335 Goodwill . . ... . .. . 13,727 13,837 10,401 15,112 13,862 Property, plant and equipment . . . . . . . . . 12,139 638 639 Investments in joint ventures and associates. .. .. .. . . . . . . 770 1, 100 789 Non-current available for sale financial assets . .... .. .. . . . 744 986 869 Other non-current assets . . . ... 777 . . . . 1,741 Deferred tax . . .. 1,932 2,053 Non-current assets. 50,749 48,694 40,219 Inventories and work in progress 10 12,485 10,888 10,546 Trade accounts receivable . .. ... 11 3,222 2,736 2,685 780 Income taxes . . . . 366 280 Other current assets. . . 12 2,868 2,919 2,342 Cash and cash equivalents 14 4,610 3,738 3,544 Current assets 23,551 21,061 19,397 Total assets. .. 74,300 69,755 59,616 IABILITIES AND EQUITY Share capital 15.1 152 152 152 Share premium account . . 15.1 2,298 2,614 2,601 Treasury shares and LVMH-share settled derivatives 15.2 (421) (530) (520) Cumulative translation adjustment . 15.4 573 354 1,165 evaluation reserves . ... 875 1, 111 799 ther reserves 22,462 19,903 18,125 let profit, Group share. 6,354 5,365 4,066 quity, Group share 32,293 28,969 26,388 linority interests . . .. 17 1,664 1,408 1,510 otal equity . . 33,957 30,377 27,898 ong-term borrowings. 18 6,005 7,046 3,932 on-current provisions . 19 2,430 2,484 2,342 eferred tax . . . . 5,036 4,989 4, 137 ther non-current liabilities. 20 10,039 9,870 8,497 on-current liabilities. . . 23,510 24,389 18,90 hort-term borrowings 18 5,027 ade accounts payable . 4,530 3,44 21.1 5,314 come taxes . . 4,539 4, 18 538 Irrent provisions . . 763 42 19 369 404 35 her current liabilities 21.2 5,585 4,753 4,39

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