Item 6. Selected Financial Data
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Item 6. Selected Financial Data
The information set forth below is a summary that should be read together with the consolidated financial statements of Linde plc and the related notes thereto, included in Item 8 to this Form 10-K. To date, Linde plc has not conducted any material activities other than those incidental to its formation and the matters contemplated by the business combination agreement.
| From the Consolidated Statement of Income - in USD | April 18, 2017 - December 31, 2017 | ||
| Other expenses | $ | 1,882,646 | |
| Operating loss | (1,882,646 | ) | |
| Net finance costs | — | ||
| Loss before tax | (1,882,646 | ) | |
| Income tax | — | ||
| Net income (loss) for the period | (1,882,646 | ) | |
| Other comprehensive income | |||
| Other comprehensive income (loss) for the period, net of tax | (42,828 | ) | |
| Total comprehensive loss for the period | $ | (1,925,474 | ) |
| Net income (loss) per share - basic and diluted | $ | (75.31 | ) |
| Weighted average shares outstanding - basic and diluted | 25,000 |
| From the Consolidated Balance Sheet - in USD | December 31, 2017 | Opening Balance April 18, 2017 | |||||
| ASSETS | |||||||
| CURRENT ASSETS | |||||||
| Cash at banks | $ | 84,862 | $ | — | |||
| Other assets | 9,129,562 | — | |||||
| NON-CURRENT ASSETS | — | — | |||||
| TOTAL ASSETS | $ | 9,214,424 | $ | — | |||
| SHAREHOLDER'S EQUITY AND LIABILITIES | |||||||
| CURRENT LIABILITIES | |||||||
| Accrued liabilities | $ | 1,644,799 | $ | — | |||
| Related party debt (Note 7) | 9,501,470 | — | |||||
| NON CURRENT LIABILITIES | — | — | |||||
| CAPITAL AND RESERVES | |||||||
| Share Capital (A ordinary shares of €1.00 each, authorized and issued shares - 25,000 shares) | 26,827 | 26,827 | |||||
| Additional paid-in capital | 26,827 | 26,827 | |||||
| Accumulated other comprehensive income | (42,828 | ) | — | ||||
| Receivable from shareholders | (60,025 | ) | (53,654 | ) | |||
| Retained earnings (losses) | (1,882,646 | ) | — | ||||
| TOTAL SHAREHOLDER'S EQUITY | (1,931,845 | ) | — | ||||
| EQUITY AND LIABILITIES | $ | 9,214,424 | $ | — |
| From the Consolidated Statement of Cash Flows - in USD | April 18, 2017 - December 31, 2017 | ||
| OPERATIONS | |||
| Net income (loss) | $ | (1,882,646 | ) |
| Working capital: | |||
| Accrued liabilities | 1,847,848 | ||
| Net cash provided by (used for) operating activities | (34,798 | ) | |
| INVESTING | |||
| Net cash used for investing activities | — | ||
| FINANCING | |||
| Related party debt | 118,140 | ||
| Net cash provided by (used for) financing | 118,140 | ||
| Effect of exchange rate changes on cash | 1,520 | ||
| Cash and cash equivalents, beginning-of-period | — | ||
| Cash and cash equivalents, end-of-period | $ | 84,862 | |
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