7Balance sheet — basic format

## 7 Balance sheet — basic format (1) A balance sheet must have the following format: CURRENT ASSETS Cash Receivables Investments Inventories Other TOTAL CURRENT ASSETS NON-CURRENT ASSETS Receivables Investments Inventories Property, plant and equipment Intangibles Other TOTAL NON-CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Creditors and borrowings Provisions Other TOTAL CURRENT LIABILITIES NON-CURRENT LIABILITIES Creditors and borrowings Provisions Other TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS SHAREHOLDERS’ EQUITY Share capital Reserves Retained profits or accumulated losses Shareholders’ equity attributable to members of the chief entity Outside equity interests in controlled entities Total shareholders’ equity. (2) For the purposes of this clause, each of the following groups of words set out in the table in subclause (1) is a heading: CURRENT ASSETS NON-CURRENT ASSETS CURRENT LIABILITIES NON-CURRENT LIABILITIES SHAREHOLDERS’ EQUITY (3) The headings set out in the table in subclause (1), to the extent that they are relevant, must be given in a balance sheet. (4) The words set out in the table in subclause (1) that are relevant and do not comprise a heading must be given in a balance sheet with the total amount to which those words refer as a subheading or part of a subheading. (5) Each amount given in a balance sheet forming part of the accounts or the consolidated accounts, as the amount of assets of the company or economic entity as at the end of a financial period must be the difference between: (a) the total of the amounts for which those assets are recorded in the books of the company, or of each entity in an economic entity at the end of that period; and (b) the total provided for in respect of those assets by way of depreciation, amortisation, diminution in value or doubtful debts in those books as at the end of that period. Part 3 Notes to the accounts or consolidated accounts