International Financial Reporting Standards (IFRS)

IFRS for Small and Medium-sized Entities (SMEs)
Section 4: Statement of Financial Position

1. Presentation in the statement of financial position
(1) in order of liquidity
--> either ascending
--> or descending
(2) current and non-current assets
(3) current and non-current liabilities

2. Examples of current assets
(1) cash and cash equivalents --> SME 11
(2) trade and other receivables --> SME 11
(3) financial assets --> SME 11, SME 12
(4) inventories --> SME 13

3. Examples of non-current assets
(1) property, plant and equipment --> SME 17
(2) investment property --> SME 16

(3) intangible assets --> SME 18
(4) biological assets --> SME 34

(5) investments in associates --> SME 14
(6) investments in jointly controlled entities --> SME 15

4. Examples of liabilities
(1) trade and other payables --> SME 11
(2) financial liabilities --> SME 11, SME 12

(3) current and deferred tax liabilities --> SME 29
(4) provisions --> SME 21

5. Examples of equity
(1) non-controlling interest --> SME 22
--> presented in equity
--> separate from (2)

(2) equity --> SME 22
--> attributable to the owners of parent entity