Ikea Income Statement	2016	2015	2014
Revenue	35,074	32,658	29,293
Cost of Goods Sold	18,918	18,221	16,372
Gross Profit	16,156	14,437	12,921
Operating Income	4,499	4,049	3,743
Total Financial income and expense	869	299	352
Income before minority interest and taxes	5,368	4,348	4,145
Tax	1,158	822	801
Income before minority interest	4,210	3,526	3,344
Minority interest	10	14	15
Net Income	4,200	3,512	3,329

1) Explain how the conceptual framework and accounting standards apply to IKEA.

2) Analyze the information within the disclosure statements for information that would interest the creditors of ikea.

i. What information would be important for someone in this role?

ii. Why would this information be important to them?

3) Analyze the information within the disclosure statements for information that would interest the investors of ikea.

i. What information would be important for someone in this role?

ii. Why would this information be important to them?