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Chapter 1

Format of financial statements

2.1 Statement of financial position – recommended format

XYZ Statement of financial position as at 31 March 20X9

Assets $
Non-current assets X
Property, plant & equipment
Intangible assets
Investments
Current assets X
Inventory
Trade and other receivables
Cash and cash equivalents
––––
X
––––
Equity and liabilities
Equity X
Ordinary share capital
Share premium
Revaluation surplus
Non-current liabilities X
Loan notes
Redeemable preference shares
Lease liabilities
Deferred taxation
Current Liabilities X
Trade and other payables
Taxation
Lease liabilities
Bank overdraft
––––
X
––––

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