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Please explain how these reconciliations are being calculated. The only reconciliation that matches with the total consolidated statement amount is the assets. What is revenue
Please explain how these reconciliations are being calculated. The only reconciliation that matches with the total consolidated statement amount is the assets. What is revenue and operating profit being reconciled to?
Please explain, thank you!
Food Industry Packing Industry Textile Foreign All Other Industry Operations industries Corporate Total Consolidated Income Statement Sales to unfitiated $950 $500 $100 $350 S400 (350) (75) (175) (150) (250) (75) (200) $2.000 100 (1500) 600) 20 (150) (75) Income from equity investees Cost of sales to unaffiliated customers Operating expense Interest expense Income taxes Noncontrolling interest expertise Income Goss) $(25) $150 313 350 33 SO) $200 Food Packing Textile Industry Industry Segment and Interim Financial Reporting 131 Foreign All Other Total Operations Industries Corporate Consolidated Industry $200 400 50 $100 200 $75 250 25 S100 100 $225 175 $825 1.350 Assets Current assets Plantasets-net Advances Equity investments Toalets Intersement Transfers Sales Cost of Goods Sold $25 25 SO 1.000 STTOO 5750 SOO 1.000 32173 1918 $60 $30 $100 560 $25 $50 $75 Amounts have been eliminated from the income data given. Reconciliation of revenue: Revenue from reportable segments Other segment revenue Intersegment eliminations Income from equity investees Consolidated revenue $2,200 400 (200) 100 $2,500 $ 250 75 Reconciliation of operating profit: Reportable segment operating profit Other segment operating profit Income from equity investees Interest expense Corporate expense Noncontrolling interest share Consolidated operating profit 100 (20) (25) _(30) $ 350 Reconciliation of assets: Reportable segment assets Other segment assets Investment in equity affiliates Corporate assets Consolidated assets $1,725 400 1,000 50 $3,175
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