RA9.1 Hudson's Bay Company

Refer to the annual financial statements of Hudson's Bay Company for its fiscal year ended February 3, 2018 (fiscal 2017), found at the end of the book.

Instructions

a. Review Hudson's Bay's balance sheet. Identify all financial investments that are reported, along with their carrying amounts and the method of accounting for each. You may need to read the notes to the financial statements to get the necessary details. Do you think these financial asset investments are significant to an assessment of the company? Comment.

b. Does Hudson's Bay have any investments in subsidiary companies? Does it own 100% of all its subsidiaries? Can you tell this by looking at the balance sheet? At the income statement? The statement of cash flows? What information is disclosed about these subsidiaries?

c. Did Hudson's Bay Company acquire any companies during the current or prior year? If so, what type of information is provided about these acquisitions? Comment briefly on how such transactions might affect any analysis of the parent company for the year