Statement of Financial Position (PAS 1)

LINE ITEMS – Statement of Financial Position (PAS 1, Paragraph 54)

1. Cash and cash equivalents (CA)

- Petty Cash Fund

- Cash on hand

- Cash in Bank

- Cash Equivalents

2. Financial assets (other than 1, 3 and 6) (CA)

- FE @ FVPL / Trading Securities

3. Trade and other receivable (CA)

- A/R, N/R

- Allowance for Doubtful Accounts  Contra-asset of A/R

- Other Cash Receivables

4. Inventories (CA)

- Raw Materials/ Direct Materials

- Work in Process

- Finished Goods

- Manufacturing Supplies

 Additional Item for Current Asset: Prepaid Expense such as Office Supplies, Prepaid rent

5. PPE (NCA)

- Land, Building, Machinery, with

- Accumulated Depreciation : Contra-Asset

6. Investment in associates accounted for by equity method (NCA)

 7. Intangible assets (NCA)

- Ex. Patent, trademark, franchise, etc.

8. Investment Property (NCA)

9. Biological assets (NCA)
10. Total assets classified as held for sale (CA)
11. Trade and other payables (CL)

- A/P or N/P “related to trade”

- Dividends Payable except Share Dividend

- Interest Payable

- Accrued Expenses

12. Current tax asset and liability (CA/CL)

 Additional Line Item for Current Liabilities:

 Notes Payable – Short-Term

 Additional Line Item for Non-Current Liabilities:

 Notes Payable – Long-Term

13. Deferred tax asset and liability (NCA/NCL)

14. Provisions (CL/NCL)
15. Financial liabilities (Other than 11 and 14) (CL)

- Financial Liabilities held for trading

16. Liabilities included in disposal group as held for sale (CL)

17. Noncontrolling interest (EQUITY)

- Share holder’s equity

18. Share capital and reserves (EQUITY)

- Preference Share

- Ordinary Share
- Retained Earnings