CFS does not reconcile with BS?
So I'm studying the accounts of BHP Billiton and I find that more than half the items of the CFS do not reconcile with the BS.
For instance:
Inventories on CF: 54 is subtracted means they went up by 54
Inventories on BS: -36, so they went down by 36. I did manage to find out in the AR that they sold a number of companies so the inventories went down by 74 during same year. But +54 - 74 does not add up to -36, only to -20.
My question is - is this normal that you can't fully reconcile the company's statements from just the AR? If so then how do you build a historical op.model?
This is the first time I'm trying to do this so it may be I missed something. Link to AR:http://www.bhpbilliton.com/home/investors/reports/Documents/2014/BHPBil…
Cash at the end of the CFS is 8752 (pg 221). If you go to footnote 23 (pg 256), there is a reconciliation to the cash on BS (8803). Nothing wrong here.
Fugit quia consequatur optio qui aut adipisci quod voluptates. Vitae cupiditate hic non reprehenderit odit consequatur quia.
Necessitatibus recusandae rerum non quos. Est deserunt quisquam beatae qui rem. Eligendi doloribus est aliquid ab.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...