Statement of financial position example

Statement of financial position example

The example given by IAS 1 is as follows.

XYZ GROUP – STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER

   20X7                20X6

Assets                                                                                   $'000                $'000

Non-current assets

            Property,plant and equipment                               350,700            360,020

            Goodwill                                                                 80,800              91,200

            Other intangible assets                                          227,470            227,470

            Investments in associates                                     100,150            110,770

            Investments in equity instruments                         142,500            156,000

901,620            945,460

 Current assets

            Inventories                                                            135,230            132,500

            Trade receivables                                                  91,600              110,800

            Other current assets                                             25,650              12,540

            Cash and cash equivalents                                  312,400            322,900

564,880            578,740

Total assets                                                                      1,466,500         1,524,200

Equity and liabilities

            Equity attributable to owners of the parent

            Share capital                                                     650,000            600,000

            Retained earnings                                             243,500            161,700

            Other components of equity                               10,200              21,200

                                                                                    903,700            782,900

 Non-controlling interest                                                 70,050              48,600

Total equity                                                                   973,750            831,500

Non-current liabilities

            Long-term borrowings                                        120,000            160,000

            Deferred tax                                                      28,800              26,040

            Long-term provisions                                         28,850              52,240

Total non-current liabilities                                             177,650             238,280

Current liabilities

            Trade and other payables                                  115,100            187,620

            Short-term borrowings                                       150,000            200,000

            Current portion of long-term borrowings             10,000              20,000

            Current tax payable                                           35,000              42,000

            Short-term provisions                                        5,000                4,800

Total current liabilities                                                    315,100            454,420

Total liabilities                                                               492,750            692,700

Total equity and liabilities                                               1,466,500         1,524,200

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