Statement of Financial Position

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Statement of financial position is the new name of the balance sheet used in IFRS.

International Financial Reporting Standards (IAS 1) do not prescribe the exact format of the Statement of financial position but it can be obtained from IFRS Taxonomy. Just that official format is build into the ReadyRatios analytical software.

According to the IFRS Taxonomy Statement of financial position has the following format (current/non-current variant):

	Reference IAS (IFRS), p.	IFRS Taxonomy 2011 XBRL name
ASSETS		Assets
Non-current assets		NoncurrentAssets
Property, plant and equipment	1p54a, 16p73d	PropertyPlantAndEquipment
Investment property	1p54b	InvestmentProperty
Goodwill	1p54c	Goodwill
Intangible assets other than goodwill	1p68(c)	IntangibleAssetsOtherThanGoodwill
Investment accounted for using equity method	1p54e, IFRS 8p24a,28e	Investment<...>EquityMethod
Investments in subsidiaries, joint ventures and associates	1p55	Investments<...>Associates
Non-current biological assets	1p54f	NoncurrentBiologicalAssets
Trade and other non-current receivables	1p54h,78b	NoncurrentReceivables
Deferred tax assets	1p54o,56, 12p81g	DeferredTaxAssets
Current tax assets, non-current	1p54n	CurrentTaxAssetsNoncurrent
Other non-current financial assets	1p54d, 32p11	OtherNoncurrentFinancialAssets
Other non-current non-financial assets	1p54	OtherNoncurrentNonfinancialAssets
Non-current non-cash assets pledged as collateral for which transferee has right by contract or custom to sell or repledge collateral	39p37 IFRS9	Noncurrent<...>Collateral
Current assets		CurrentAssets
Current inventories	1p54g	Inventories
Trade and other current receivables	1p54h 1p78b	TradeAndOtherCurrentReceivables
Current tax assets, current	1p54n	CurrentTaxAssets
Current biological assets	1p54f	CurrentBiologicalAssets
Other current financial assets	1p54d	OtherCurrentFinancialAssets
Other current non-financial assets	1p54	OtherCurrentNonfinancialAssets
Cash and cash equivalents	1p54i 7p45	CashAndCashEquivalents
Current non-cash assets pledged as collateral for which transferee has right by contract or custom to sell or repledge collateral	39p37 IFRS9	Current<...>Collateral
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners	1p54j IFRS5p38	Noncurrent<...>ToOwners
EQUITY and LIABILITIES		EquityAndLiabilities
Equity		Equity
Equity attributable to owners of parent		EquityAttributableToOwnersOfParent
Issued (share) capital	1p54r	IssuedCapital
Share premium	1p54r	SharePremium
Treasury shares	1p54r	TreasuryShares
Other equity interest	1p54r	OtherEquityInterest
Other reserves	1p54r	OtherReserves
Retained earnings	1p54r	RetainedEarnings
Non-controlling interests	1p54q	NoncontrollingInterests
Liabilities		Liabilities
Non-current liabilities		NoncurrentLiabilities
Non-current provisions for employee benefits	1p54l	Noncurrent<...>Benefits
Other long-term provisions	1p54l	OtherLongtermProvisions
Прочие долгосрочные резервы	1p54l	OtherLongtermProvisions
Trade and other non-current payables	1p54k	NoncurrentPayables
Deferred tax liabilities	1p54o 12p81gi	DeferredTaxLiabilities
Current tax liabilities, non-current	1p54n	CurrentTaxLiabilitiesCurrent
Other long-term financial liabilities	1p54m	OtherNoncurrentFinancialLiabilities
Other non-current non-financial liabilities	1p54	OtherNoncurrentNonfinancialLiabilities
Current liabilities		CurrentLiabilities
Current provisions:		CurrentProvisions
Current provisions for employee benefits	1p54l	CurrentProvisionsForEmployeeBenefits
Other short-term provisions	1p54l 37p84a	OtherShorttermProvisions
Trade and other current payables	1p54k	TradeAndOtherCurrentPayables
Current tax liabilities, current	1p54n	CurrentTaxLiabilities
Other current financial liabilities	1p54m	OtherCurrentFinancialLiabilities
Other current non-financial liabilities	1p54	OtherCurrentNonfinancialLiabilities
Liabilities included in disposal groups classified as held for sale	1p54p	Liabilities<...>Sale

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kathy wrote: why do you put two side to the balance sheet and why do you make it so long that i do not understand it.. can you not just start from the beginning for beginners?