Financial Statements

under Companies Act

Statutory Grouping - Assets

Assets
Current

NonCurrent

Assets that are likely to be

converted to cash within
a year.

Assets that provide

benefits beyond an
accounting period.

Current investments

Fixed assets: Tangible

Inventories

Less: Accumulated
Depreciation

Trade receivables
Non-trade receivables
Cash and cash
equivalents
Short term loans and
advances

Fixed assets:
Intangible
Capital work in
progress
Non-current
investments
Long term loans and

Statutory Grouping for Liabilities

Liabilities
NonCurrent
Current
Liabilities that are
payable to outsiders
within a year.
Short-term borrowings
Trade payables
Non-trade payables
Unearned revenue
Short-term provisions

Liabilities that are

payable to outsiders
beyond a year.
Long-term
borrowings
Other long-term
liabilities
Long-term
provisions

Equity

Equity
Shareholders Funds
Share Capital

Reserves

Share Capital

Surplus

Retained Earnings:
Share Premium

Balance at the beginning

of the year
Add : Profit during the year
Less: Dividend
Balance at the end of the
year