Some financial reporting questions (IFRS)

Hi all,

I have a question regarding the consolidated financial statements of a company I’m currently looking at (Lotus Bakeries, listed on the stock market of Brussels). The company reports under IFRS.

Some items on these financial statements just don’t make sense to me and I wonder if you guys could help me out

  1. On the consolidated balance sheet I see the following:

Inventory

At 31-12-2012: 14.917k EUR

At 31-12-2011: 14.285k EUR

However, when I Look at the consolidated cash flow statement, it is stated that:

Increase/(Decrease) Inventory: (2.005k EUR).

How is this possible? The difference between the balance sheet items is 632k EUR which is not even close to 2.005k EUR. Can someone suggest some possible explanations for this?

  1. Another thing is the dividends reporting:

For accounting year 2012, the consolidated statement of change in equity states that :

Dividends to shareholders: 7.262k EUR

However, in the consolidated cash flow statement of 2012:

Dividends paid: 7043k EUR

And in footnote 14 on dividends:

Gross dividend on ordinary shares: 7642k EUR

I don’t understand why these numbers all differ. A little help would be much appreciated!

Thanks!