CONTROLE INTERNE ET RISK MANAGEMENT Linde AG

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PART 1

1. How many years are covered in each of the primary comparative financial statements? Were all of these statements audited? Name the auditors. What were the auditors’ conclusions concerning these statements?

Only one year are covered in each of the primary comparative financial statements and they do it every year, all of these statements are audited.

1. Where are details about changes in the amount of retained earnings found? What else does this statement show?
2. Over the years presented, have the company’s annual net cash flows been positive or negative from ( 1 ) operating activities, ( 2 ) investing activities, and ( 3 ) financing activities?
3. Has the company’s cash balance increased or decreased during each of these three years? What is the company doing with its cash?
4. What industry is this company in?
5. Name one of its largest competitors (listed on same stock exchange)
6. When is the company's fiscal year-end?
7. What is the issued share capital (number of shares and $). What is the authorised share capital?
8. What is the market price per share and total market capitalisation at fiscal year end.  Why is it different from the $ amount of issued share capital shown on the balance sheet?
9. How much were the total assets at the latest fiscal year-end?
10. What is the depreciation policy of the company.  Where did you find this information?
11. What is the days in inventory for your company?
12. Does the company have any intangible assets? If yes, what are they?
13. How much revenue did the company make in the latest fiscal year? By what percentage has the company's  revenue increased/decreased in the latest year?
14. What was the net income for the latest fiscal year? By what percentage has the company's net income increased/decreased in the latest year?
15. How much tax was paid in cash during the fiscal year?
16. How much money did the company make in the latest fiscal year? Justify your answer
17. What type of cash flow statement does the company produce? Justify your answer.

How many years are covered in each of the primary comparative financial statements? Were all of these statements audited? Name the auditors. What were the auditors’ conclusions concerning these statements?

-Two years (2013-2014) are covered in each of the primary comparative financial statements and they do it every year, all of these statements are audited.

-The name of the auditor PricewaterhouseCoopers LLP, the conclusions concerning these statements:

• Give a true and fair view of the state of the Group’s affairs as at 31 December 2014 and of its profits and cash flows for the year then ended
• Have been properly prepared in accordance with International Financial Reporting Standards IFRS as adopted by the European Union.
• Have been prepared in accordance with the requirements of the Companies Act 2006 and Article 4 of the IAS Regulation 
• Overall Group materiality is £260 million  
• Out of over 400 reporting units, we identified 51 which, in our view, required an audit of their complete financial information.
• Specific audit procedures on certain balances and transactions were performed on a further 65 reporting units, one of which represents the results of an associate.
• Together these accounted for 79% of Group reported profit before taxation.
• Corporate tax exposures, including the uncertain tax positions in Brazil and South Africa.
• Litigation principally in relation to claims and class actions and the recent settlement in respect of Flintkote and the Funding Agreement reached in respect of Fox River.
• Restructuring and integration costs arising from the Group’s continued implementation of its revised operating model.
•  Defined bene t pension plan assets and liabilities.
• Goodwill impairment assessments.

1. Where are details about changes in the amount of retained earnings found? What else does this statement show?

We can found it in the annexes and  this statement show :

• Explanations on exceptional occasions depreciation,
• Amortization terms of borrowing redemption premiums,
• Explanations of revenues and expenses charged to another accounting period,
• Explanations of accrued expenses and accrued income,
• Information on finance leases,
• Information on receivables and payables represented by commercial paper,
• Information on interest on borrowed capital included in the production cost of an asset,
• Changes in accounting policies and methods used by the company in relation to the previous year,
• Indications if an accounting rule is not sufficient to give a true and fair view of the accounts,
• Amount of company pension commitments, pension supplements, allowances and benefits due to retirement or similar benefits for members or members of its staff and its leader
• Explanations of the costs of facilities, capitalized costs and goodwill,

1. Over the years presented, have the company’s annual net cash flows been positive or negative from ( 1 ) operating activities, ( 2 ) investing activities, and ( 3 ) financing activities?

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• The annual cash flow is positive for operating activities, but for investing activities, financing activities the annual cash flow is negative

1. Has the company’s cash balance increased or decreased during each of these three years? What is the company doing with its cash?

1. What industry is this company in?

• This company product Tobacco and innovate for a new tobacco

1. Name one of its largest competitors

• Philip Morris international
• Imperial Tobacco group

1. When is the company's fiscal year-end?

The fiscal year-end for British American Tobacco 31 December

1. What is the issued share capital (number of shares and $). What is the authorised share capital?

As at 31 December 2014, the Company had an allotted and fully paid share capital of 2,026,693,029 ordinary shares of 25p each with an aggregate nominal value of £506.7 million (including treasury shares and shares owned by the employee share trusts).

At the close of business on 24 February 2015 (the latest practicable date prior to the recommendation of the nal dividend for the year ended 31 December 2014), the Company had a total of 1,864,117,591 ordinary shares in issue (excluding treasury shares). The Company held 162,645,590 ordinary shares in treasury giving a total issued share capital of 2,026,763,181 ordinary shares.

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