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A {{this}} (a.k.a. 'Balance Sheet') is a [[Link::FA|Financial]] statement of assets, liabilities and capital ('Equity') of a business or organization at the end of a given date. The primary purpose of the {{this}} is to provide insights in a business's financial standing: What it owns ('Assets') and what it owes ('Liabilities' and 'Equity').

A key (balancing) principle of a {{this}}s is:
<div class="ormath">Assets = Liabilities + Equity</div>
Where
* Assets = All current and long-term assets
** Current assets: Cash, [[Link::t:AR|Receivables]], [[Link::t:INV|Inventories]], etc.
** Long-term assets: Fixed assets ([[Link::t:PP&E|PP&E]]), Intangibles
* Liabilities = All current and long-term liabilities
** Current liabilities: [[Link::t:AP|Payables]] (interest, rents, utilities, taxes, wages)
** Long-term liabilities: Long term debt to acquire capital (loans, bonds), Pension fund liability, Deferred taxes
* Equity = All forms of owner, shareholder equity
** Retained earnings, unissued stock certificates

Alternative names for {{this}} include: Consolidated Statement of Financial Position, Balance Sheet.

Related [[Link::FA|Financial]] Statements include: [[t:CSCI]], [[t:CSCF]].
==Illustrative Example==
A typical {{this}} consists of the following:

{| class="wikitable smwtable showheader fintable"
|+ {{this}}
|-
|
|'''CY'''

$'000
|'''CY-1'''

$'000
|-
| ''Assets'' || ||
|-
|   ''Non-current Assets'' || ||
|-
|     [[t:PP&E|Property, Plant and Equipment]] || 350,700 || 360,020
|-
|     Goodwill || 80,800 || 91,200
|-
|     Other Intangible Assets || 277,470 || 227,470
|-
|     Investments in Associates || 100,150 || 110,770
|-
|     Investments in Equity Instruments || 142,000 || 156,000
|-
|   '''''Total Non-current Assets''''' || '''''901,620''''' || '''''945,460'''''
|-
|   ''Current Assets'' || ||
|-
|     Inventories || 135,230 || 132,500
|-
|     [[t:AR|Trade Receivables]] || 91,600 || 110,800
|-
|     Other Current Assets || 25,650 || 12,540
|-
|     Cash and Cash Equivalents || 312,400 || 322,900
|-
|   '''''Total Current Assets''''' || '''''564,880''''' || '''''578,740'''''
|-
| '''Total Assets'''||'''1,466,500'''||'''1,524,200'''
|-
|   || ||
|-
| ''Equity and Liabilities''|| ||
|-
|   ''Equity'' || ||
|-
|     Share Capital || 650,000 || 600,000
|-
|     Retained Earnings || 243,500 || 161,700
|-
|     Other Equity || 10,200 || 21,200
|-
|   '''Total Equity''' || '''973,750''' || '''831,500'''
|-
|   ''Liabilities'' || ||
|-
|     ''Non-current Liabilities'' || ||
|-
|       Long-term Borrowings || 120,000 || 160,000
|-
|       Deferred Tax || 28,800 || 26,040
|-
|       Long-term Provisions || 28,850 || 52,240
|-
|     '''''Total Non-Current Liabilities''''' || '''''177,650''''' || '''''238,280'''''
|-
|     ''Current Liabilities'' || ||
|-
|       [[t:AP|Trade and Other Payables]] || 115,100 || 187,620
|-
|       Short-term Borrowings || 150,000 || 200,000
|-
|       Current Portion of Long-term Borrowings || 10,000 || 20,000
|-
|       Current Tax Payable || 35,000 || 42,000
|-
|       Short-term Provisions || 5,000 || 4,800
|-
|     '''''Total Current Liabilities''''' || '''''315,100''''' || '''''454,420'''''
|-
|   '''''Total Liabilities''''' || '''''492,750''''' || '''''692,700'''''
|-
| '''Total Equity and Liabilities || '''1,466,500''' || '''1,524,200'''
|}
<small>Example based on IFRS Taxonomy Illustrative Examples</small>
[[Category:Term]][[Category:Finance]]
<ins>
[[Link::m:AE]]
[[Link::FAR]]
</ins>
{{Object
|name=Statement of Financial Position
|keywords=Balance Sheet, Statement, Financial, Position, Asset, Liability, Capital, Finance & Accounting
|description=The financial statement of assets, liabilities and capital of an enterprise (a.k.a. 'Balance Sheet')
}}

← Older revision	Revision as of 00:35, 22 August 2020
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-A {{this}} (a.k.a. 'Balance Sheet') is a [[Link::FA|Financial]] statement of assets, liabilities and capital ('Equity') of a business or organization at the end of a given date. The primary purpose of the {{this}} is to provide insights in a business's financial standing: What it owns ('Assets') and what it owes ('Liabilities' and 'Equity').
+A (Consolidated) {{this}} (a.k.a. 'Balance Sheet') is a [[Link::FA|Financial]] statement of assets, liabilities and capital ('[[t:Equity|Equity]]') of a business or organization at the end of a given date. The primary purpose of the (Consolidated) {{this}} is to provide insights in a business's financial standing: What it owns ('[[t:Asset|Assets]]') and what it owes ('[[t:Liability|Liabilities]]' and '[[t:Equity|Equity]]').
 A key (balancing) principle of a {{this}}s is:
@@ Line 15: / Line 15: @@
 Alternative names for {{this}} include: Consolidated Statement of Financial Position, Balance Sheet.
-Related [[Link::FA|Financial]] Statements include: [[t:CSCI]], [[t:CSCF]].
+Related [[Link::FA|Financial]] Statements include: [[t:CSCI]], [[t:CSCF]], [[t:CSCE]].
 ==Illustrative Example==
 A typical {{this}} consists of the following:

t:CSFP - Revision history

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