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What are the minimum line items to be shown in balance sheet?


What are the minimum line items to be shown in balance sheet?

asked Mar 18, 2013 in IAS 1 - Presentation of Financial Statements by anonymous
retagged Apr 23, 2013 by Visio

1 Answer

+1 vote
As per sec.54 of IAS 1, minimum items to be shown on the face of the statement of financial position are:
(a)     property, plant and equipment
(b)     investment property
(c)     intangible assets
(d)     financial assets (excluding amounts shown under (e), (h), and (i))
(e)     investments accounted for using the equity method
(f)     biological assets
(g)     inventories
(h)     trade and other receivables
(i)     cash and cash equivalents
(j)     assets held for sale
(k)     trade and other payables
(l)     provisions
(m)     financial liabilities (excluding amounts shown under (k) and (l))
(n)     liabilities and assets for current tax, as defined in IAS 12
(o)     deferred tax liabilities and deferred tax assets, as defined in IAS 12
(p)     liabilities included in disposal groups
(q)     non-controlling interests, presented within equity and
(r)     issued capital and reserves attributable to owners of the parent
answered Mar 22, 2013 by Russie Level 2 Member (3,430 points)


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