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Some recent financial statements for the luxury goods company LVMH Moet Hennessy Louis Vuitton SA follow. Income Statements for LVMH Moet Hennessy Louis Vuitton Y/E

Some recent financial statements for the luxury goods company LVMH Moet Hennessy Louis Vuitton SA follow.

Income Statements for LVMH Moet Hennessy Louis Vuitton
Y/E Y/E
2016 2015
m m
Revenue 17,193 16,481
Cost of Revenue 6,012 5,786
Gross Profit 11,181 10,695
Selling/General/Admin. Expenses 7,553 7,140
Amortization 0 6
Unusual Expense (Income) 126 116
Other Operating Expenses, Total 17 4
Operating Profit 3,485 3,429
Interest Expense -255 -241
Interest/Invest Income 15 30
Other, Net -41 -41
Profit Before Taxes 3,204 3,177
Provision for Income Taxes 893 853
Profit After Taxes 2,311 2,324
Minority Interest -292 -306
Equity In Affiliates 7 7
Profit Attributable to Shareholders 2,026 2,025

Statements of Financial Position LVMH Moet Hennessy Louis Vuitton
Dec 16 Dec 15 Dec 16 Dec 15
m m m m
Current Assets Current Liabilities
Cash and Short-Term Investments 1,013 1,559 Trade Payables 2,292 2,095
Trade Receivables 1,650 1,595 Accrued Expenses 1,866 1,552
Notes Payable/Short TermDebt
Receivables - Other 229 151 1,571 2,212
Total Inventory 5,767 4,812 Current Port. of LT Debt/Capital Leases 276 926
Other Current Assets 1,695 2,001 Other Current liabilities 610 628
Total Current Assets

10,354

10,118

Total Current Liabilities

6,615

7,413

Non-Current Assets Non-Current Liabilities
Property/Plant/Equipment 6,081 5,419 Total Long Term Debt 3,738 2,477
Goodwill, Net 4,423 4,818 Deferred Income Tax 3,113 2,843
Intangibles, Net 8,523 7,999 Minority Interest 989 938
Long-Term Investments 591 952 Other Liabilities 4,224 5,123
Other Long Term Assets 1,511 1,078 Total Non-Current Liabilities

12,064

11,381

Total Non-Current Assets

21,129

20,266

Total Liabilities

18,679

18,794

Shareholders Equity
Ordinary Shares 147 147
Additional Paid-In Capital 1,737 1,736
Retained Earnings (Accumulated Deficit) 12,274 11,192
Treasury Stock - Common -983 -877
Other Equity, Total -371 -608
Total Equity 12,804 11,590
Total Assets 31,483 30,384 Total Liabilities & Shareholders' Equity 31,483 30,384

Required:
Construct the Du Pont identity for LVMH Moet Hennessy Louis Vuitton SA

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