Balance sheet relations. Selected data based on the balance sheet amounts for Metso Corporation, a Finnish paper company, for four recent years appear in the following table. Metso applies IFRS and reports its results in millions of euros (€). Compute the missing balance sheet amounts for each of the four years.
|
2007 |
2006 |
2005 |
2004 |
|
|
Current Assets . . . . . . . . . . . . . . . . . |
€ 3,357 |
€ 2,995 |
?a |
€ 2,097 |
|
Noncurrent Assets . . . . . . . . . . . . . . . |
? |
1,973 |
? |
? |
|
Total Liabilities . . . . . . . . . . . . . . . . . |
? |
? |
? |
? |
|
Total Assets . . . . . . . . . . . . . . . . . . . |
? |
? |
3,904 |
? |
|
Current Liabilities . . . . . . . . . . . . . . . |
?c |
2,610 |
1,802 |
1,466 |
|
Noncurrent Liabilities . . . . . . . . . . . . |
957 |
? |
? |
1,109 |
|
Total Shareholders’ Equity . . . . . . . . . . . . . . |
? |
? |
1,292 |
? |
|
Contributed Capital . . . . . . . . . . . . . . . . . . |
? |
711 |
? |
634 |
|
Retained Earnings . . . . . . . . . . . . . . . . . . . |
910 |
? b |
553 |
361 |
|
Total Liabilities and Shareholders’ Equity. . . . |
5,254 |
? |
? |
? |
|
aCurrent Assets Current Liabilities= €675. |
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bNet income for 2006 is €252 and dividends are €66. |
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|
cCurrent Assets Current Liabilities= €651. |
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