GPS » Topics » Principles of Consolidation

This excerpt taken from the GPS 10-K filed Mar 27, 2009.

Principles of Consolidation

The Consolidated Financial Statements include the accounts of The Gap, Inc. and its subsidiaries (the “Company,” “we,” “our”). All intercompany transactions and balances have been eliminated.

These excerpts taken from the GPS 10-K filed Mar 28, 2008.

Principles of Consolidation

The Consolidated Financial Statements include the accounts of the Company and its subsidiaries. All intercompany transactions and balances have been eliminated.

Principles of Consolidation

STYLE="margin-top:6px;margin-bottom:0px">The Consolidated Financial Statements include the accounts of the Company and its subsidiaries. All intercompany transactions and balances have been eliminated.

STYLE="margin-top:18px;margin-bottom:0px">Fiscal Year

Our fiscal year is a 52- or 53-week period ending on the Saturday closest to
January 31. Fiscal 2007 and 2005 consisted of 52 weeks. Fiscal 2006 consisted of 53 weeks, and the additional week contributed approximately $200 million of net sales. Net sales and operating expenses for the last fiscal month of fiscal 2006,
which was a five-week period, were accounted for as a regular five-week month.

This excerpt taken from the GPS 10-K filed Apr 2, 2007.

Principles of Consolidation

The Consolidated Financial Statements include the accounts of the Company and its subsidiaries. All intercompany transactions and balances have been eliminated.

This excerpt taken from the GPS 10-K filed Mar 28, 2006.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany transactions and balances have been eliminated.

Translation adjustments result from translating foreign subsidiaries’ financial statements into U.S. dollars. Balance sheet accounts are translated at exchange rates in effect at the balance sheet date. Income statement accounts are translated at average exchange rates during the year. The resulting translation adjustments are included in accumulated other comprehensive earnings in the Consolidated Statements of Shareholders’ Equity.

This excerpt taken from the GPS 10-K filed Mar 28, 2005.

Principles of Consolidation

 

The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany transactions and balances have been eliminated.

 

Translation adjustments result from translating foreign subsidiaries’ financial statements into U.S. dollars. Balance sheet accounts are translated at exchange rates in effect at the balance sheet date. Income statement accounts are translated at average exchange rates during the year. The resulting translation adjustments are included in accumulated other comprehensive earnings (loss) in the Consolidated Statements of Shareholders’ Equity.

 

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