Question

Adidas Group reported the following balance sheet accounts in a recent year (euros in millions). Preparethe balance sheet for this company, following usual IFRS practices. Assume the balance sheet is reportedas of December 31, 2014.

Property, plant and equipment €1,454 Intangible assets . €2,763

Total equity . 5,617 Total current liabilities . 4,378

Accounts receivable 1,946 Inventories . 2,526

Total noncurrent liabilities . 2,422 Total liabilities 6,800

Cash and cash equivalents . 1,683 Other current assets 1,192

Total current assets . 7,347 Total noncurrent assets . 5,070

Other noncurrent assets . 853

Short answer

Assets and liability & equity equal to €12.417. Balance sheet shown in step 2.

Step-by-step solution

Step-by-Step SolutionStep 1: Definition of balance sheet

The balance sheet is a statement of assets, liabilities, and capital of the company at end of the year.

Balance sheet

Adidas Group
Balance Sheet
For the year December 31, 2014
Assets
Non-Current Assets
Intangible Assets	€2,763
Property, Plant, and Equipment	€1,454
Other Noncurrent Assets	€853
Total Noncurrent Assets	€5,070
Current Assets
Other Current Assets	€1,192
Inventories	€2,526
Accounts Receivable	€1,946
Cash and Cash Equivalents	€1,683
Total Current Assets	€7,347
Total Assets	€12,417
Liability & Equity
Equity	€5,617
Total Equity
Liabilities
Total Noncurrent Liabilities	€2,422
Total Current Liabilities	€4,378
Total Liabilities	€6,800
Total Equity & Liabilities	€12,417