The procedures selected depend on the auditors’ judgment, including the consolidated financial statements are free from material misstatement. financial statements are the responsibility of the Company’s Management and have been prepared on the basis of the separate financial statements and other information regarding components. Consolidated statement of comprehensive income For the year ended 31 March 2020 The accompanying notes to the financial statements, on pages 11 to 45, are an integral part of this statement. The monetary amounts in the underlying financial statements … The financial results are reflected in the consolidated annual financial statements on pages 20 to 91. #. 7 — Association of Chartered Certified Accountants All intercompany activity has been eliminated. 2. The Consolidated Financial Statements of the Company for the year ended December 31, 2019, comprise the Company, its subsidiaries (the Group), its interests in joint ventures and associates. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) Nine Months Ended June 29, 2019 June 30, 2018 Cash, cash equivalents and restricted cash, beginning balances $ 25,913 $ 20,289 Operating activities: Net income 41,570 45,406 Adjustments to reconcile net income to cash generated by operating activities: 3.3 Ind AS 110: Consolidated Financial Statement – Summarised 221 3.4 Accounting Requirements 223 3.5 Equity Method 236 3.6 Preparation of Group Cash Flow Statement 238 3.7 Ind AS 27: Separate Financial Statements 251 130. The consolidated financial statements of the USGA have been prepared on the accrual basis in accordance with U.S. generally accepted accounting principles (“GAAP”). Consolidated Financial Statements of the Nestlé Group 2019 67 Consolidated statement of comprehensive income for the year ended December 31, 2019 In millions of CHF Notes 2019 2018 Profit for the year recognized in the income statement 12 904 10 … 2 STATEMENT OF COMPLIANCE The Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (IFRS). the financial statements set out on pages 128 to 270 are drawn up so as to give a true and fair view of the financial position of the Group and of the Company as at December 31, 2019 and the financial performance, changes in equity and cash flows ... Consolidated Financial Statements Financial Statements * 128. The subsidiary companies, analysis of shareholdings and definitions are … The consolidated financial statements are prepared under the historical cost convention except for the measurement at fair value of derivatives, available for sale and FVIS financial assets and liabilities. The consolidated financial statements have been prepared in accordance with the Accounting Standards for Commercial Banks promulgated by SAMA and International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). 3-4 Consolidated Financial Statements The accompanying consolidated financial statements include the Association and the Foundation. Consolidated Financial Statements • Consolidated financial statements present the financial position and results of operations for a parent (controlling entity) and one or more subsidiaries (controlled entities) as if the individual entities actually were a single company or entity. Financial statements of a parent or holding company and its subsidiaries are called consolidated financial statements. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. Our responsibility is to express an opinion on these Consolidated Financial Statements based on our audit. # # of

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