• Register
Search Questions / Answers

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login in few seconds

Get AccountantAnswer App

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 Vishan

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)