Ratio Local GAAP U.S. GAAP
Current ratio 2.70 2.71
15. (continued)
Worksheet for Restatement of Balance Sheet to U.S. GAAP
for the year ended December 31, Year 2
(1) (2) (3) (4)
Reconciling Adjustments
(millions of Crowns) Local GAAP Debit Credit U.S. GAAP
Cash 1,298 1,298
Case 10-1 Swisscom AG
Reconciling Adjustments
Debit Credit
Worksheet for Restating Swisscom’s Financial Statements from IFRSs to U.S. GAAP
(1) (2) (3) (4)
Reconciling
Adjustments
IFRSs Debit Credit Note
U.S.
GAAP
Consolidated Statement of
Operations
Net revenues 9,842 9,842
Total operating expenses 9,805 9,428
Operating income 314 691
Income (loss) before income taxes
and equity in net loss of affiliated
companies (89) 301
Income (loss) before equity in net
loss of affiliated companies (90) 300
Net income (loss) (415) 25
Consolidated Ret Earnings Statement
Retained earnings, 1/1/97 (151) 46 a 188
293 d
Retained earnings, 12/31/97 1,352 2,131
(1) (2) (3) (4)
Reconciling
Adjustments
IFRSs Debit Credit Note
U.S.
GAAP
Consolidated Balance Sheet
Assets
Current assets
Non-current assets
Liabilities and shareholders’ equity
Current liabilities
Long-term liabilities
Shareholders’ equity
Unrealized market value adjustment on
Ratios
IFRSs U.S. GAAP Difference*
1. Net income/Net revenues -4.22% 0.25% -106.02%
* Difference = (U.S. GAAP – IFRSs) / IFRSs