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Module 10-Incorporating Additional Information

Module 10-Incorporating Additional Information. Drew Williams. Process. Went through footnotes 1 by 1 Updated Income Statement then Balance Sheet Added all information deemed to be relevant 2 years of I/S 3 years of B/S. Income Statement. Revenue-by Segment and by Region.

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Module 10-Incorporating Additional Information

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  1. Module 10-Incorporating Additional Information Drew Williams

  2. Process Went through footnotes 1 by 1 Updated Income Statement then Balance Sheet Added all information deemed to be relevant 2 years of I/S 3 years of B/S

  3. Income Statement

  4. Revenue-by Segment and by Region • Provides details on the 2 major segments (Onshore/Offshore and Subsea) • Provides by region as well • Segment information is much more valuable—difference in margins (COGS evaluation) • Growth trend by segement

  5. COGS—by segment and by type • Allows for detailed segment analysis (Gross Margin available for both) • Breakdown of COGS is good to see where economies of scale may kick in

  6. Other Costs-Breakdown • Life Goal: Buy a Parrot teach it to say “help I’ve been turned into a Parrot”

  7. Back out Operating Expenses by Segment • Extremely helpful for segment analysis • Have operating income strictly by segment, almost as if 2 different companies

  8. Financial Income/Financial Expenses Breakdown • Most will still end up in Financial section of reformed I/S

  9. Income Tax

  10. Balance Sheet

  11. PPE • Will help with forecasting NEA • Vessels are main growth area

  12. Intangible Assets • Can assume almost no growth

  13. Deferred Tax Assets/Liabilities • DTA and DTL were both reported at greater amounts on the B/S • Substituted Footnote numbers instead

  14. Inventory

  15. Other Current Receivables • Don’t see too much as helpful • Need to investigate further

  16. Cash • May help with reformation

  17. Debt • Not sure how useful • Need to examine the convertible debt to see what conversion rate is

  18. Other Liabilities

  19. Provisions

  20. Employee Benefits Take out from provisions Put an asset for FV of plan assets and a liability for amount owed New Balancing Amount

  21. Questions?

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