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.
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