Briefly explain each of the line items on income statement

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Reference no: EM131414334

The 2007 income statement for Group Danone, a French-based food processor that publishes IFRS-based financial statements, is provided below (in million euros).

a. Briefly explain each of the line items on the income statement.

b. Explain what must have happened at Danone in 2007 that boosted net income by so much, and comment on possible implications for Danone's future.

Reference no: EM131414334

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