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which of the six categories of differences identified are prevalent in your chosen companies financial statements. How would this affect you if you were reviewing
which of the six categories of differences identified are prevalent in your chosen companies financial statements. How would this affect you if you were reviewing these companies for a possible investment?
EXHIBIT 2.13 TESCO PLC Excerpt from Group Income Statement 52 weeks ended 25 February 2017 Exceptional Items Before (Note 4) Total exceptional Items Continuing operations Note m m m Revenue.. 2 55,917 55,917 (53,015) Cost of sales (52,899) |(116) Gross profit (loss). .. 3,018 (116) 2,902 (1,734) (261) (1,995) Administrative expenses. Profits/losses) arising on property-related items... Operating profit (loss)........ (4) 114 110 1,280 (263) 1,017 EXHIBIT 2.14 AB ELECTROLUX Excerpt from Note 27, Employees and Remuneration Notes, all amounts in SEKM, unless otherwise stated Average number of employees, by geographical area Group 2016 2015 Europe. 20,991 20,548 North America 10,064 9,933 Latin America.. 16,218 18,325 Asia/Pacific.. 4,872 5,241 In 2016, the average number of employees was 55,400 (58.265), of which 35,584 (38,105) were men and 19,816 (20,160) women. Rest of world 3,255 4,218 Total 55,400 58,265 Salaries, other remuneration and employer contributions 2016 2015 Salaries and Employer contributions Salaries and Employer contributions remuneration Total remuneration Total Parent Company. whereof pension costs. Subsidiaries ... 931 478 1,409 178 17,966 533 1,078 562 213 2,839 555 1,640 213 17,619 178 14,955 3,011 533 14,780 whereof pension costs. 555 3,489 711 Total Group 15,866 19,375 15,858 3,401 19,259 711 768 768 whereof pension costs. Salaries and remuneration for Board members, senior managers and other employees 2016 2015 Board members Board members Other and senior Other and senior managers employees Total employees Total managers Parent Company Other... 72 251 51 859 931 1,027 1,078 14,536 14,780 14,704 14,955 244 Total Group 15,563 15,858 323 15,886 295 15,563 6 CATEGORIES OF DIFFERENCES IDENTIFIED
1.Differences in the financial statements included in an annual report.
2-Differences in the format used to present individual financial statements.
3-Differences in the level of detail provided in the financial statements.
4-Differences in terminology.
5-Differences in disclosure.
6-Differences in recognition and measurement.
FINANCIAL STATEMENTS
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