We also need to eliminate some or all of the cost of sales.
How much of the cost of sales depends on the profit amount and the amount of inventory remaining at the end of the year.
The company has operations in nearly 170 locations in 70 countries around the world.
Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
At this point, you can see that the financial results of A have ,000 of intercompany profit in them.
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets.In consolidated accounting, the information from a parent company and its subsidiaries is treated as though it comes from a single entity.The cumulative assets from the business, as well as any revenue or expenses, are recorded on the balance sheet of the parent company.These consolidated financial statements were authorised for release by the Board of Directors of Wärtsilä Corporation on 24 January 2013, after which, in accordance with the Finnish Corporate Act, the shareholders have a right to approve or reject the financial statements in the Annual General Meeting.The Annual General Meeting also has a possibility to decide upon changes in the financial statements.