Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please I need NEED HELP ASAP how to describe the horizontal analysis from this income statement in words? (paragraphs) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 52

Please I need NEED HELP ASAP

how to describe the horizontal analysis from this income statement in words?

(paragraphs)

image text in transcribed
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 52 Weeks Ended (in millions of Canadian dollars) May 5, 2018 May 6, 2017 Net earnings $ 179.8 $ 172.5 Other comprehensive income (loss) Items that will be reclassified subsequently to net earnings Unrealized gains (losses) on derivatives designated as cash flow hedges (net of taxes of $(0.3) (2017 - $0.2)) 1.2 (0.7) Unrealized (losses) gains on available for sale financial assets (net of taxes of $0.2 (2017 - $(0.1))) (0.8) 0,3 Share of other comprehensive income of investments, at equity (net of taxes of $(0.9) (2017 - $(0.2))) 2.0 0,5 Exchange differences on translation of foreign operations (net of taxes of $(0.4) (2017 - $0.6)) (1.6) 1,7 0.8 1.8 Items that will not be reclassified subsequently to net earnings Actuarial gains (losses) on defined benefit plans (net of taxes of $(4.9) (2017 - $7.9)) (NOTE 17) 9.6 (20.8) Total comprehensive income $ 190.2 $ 153.5 Total comprehensive income for the year attributable to: Non-controlling interest 20.3 14.0 Owners of the Company 169.9 139.5 $ 190.2 $ 153.5 See accompanying notes to the consolidated financial statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Financial Strategy

Authors: Ruth Bender

4th Edition

1136181105, 9781136181108

More Books

Students also viewed these Accounting questions

Question

6. How can a message directly influence the interpreter?

Answered: 1 week ago