The report is divided into the following sections:

ASSETS

Current Assets

• Cash Equivalents

• Receivables - refer to money that customers owe the company. This may include an allowance for doubtful accounts as some customers may not pay what they owe.

• Inventories - goods available for sale, valued at the lower of the cost or market price.

• Prepayments - the value that has already been paid for, such as insurance, advertising contracts, or rent.

• Investments

• Client Control Account

• Bank Control Account

• Receipt Control Account

• POS Cash Control Account

• VAT Control Account

Non-current Assets

• Other Financial Assets

• Property, Plant and Equipment - Fixed Assets

• Land and Building - Fixed Assets

• Intangible Assets - include non-physical (but still valuable) assets such as intellectual property and goodwill. These assets are generally only listed on the balance sheet if they are acquired.

• Other Non-financial Assets

LIABILITIES

Current Liabilities

• Payables

• Short Term Borrowings

• Current Portion of Borrowings

• Provisions

• Employee Benefits

• Opening Balance / Suspense Account

Non-current Liabilities

• Borrowings

NET ASSETS (Equity)