16.7 Financial Statements
  ●The statement of financial position (Balance Sheet)
  Example
  Statement of financial position at 31 December 2004
  Assets
  Non-current assets
  Current assets
  Equity and liabilities
  Equity
  Share capital
  Retained Earning ( Accumulative profits)
  Other components of equity:
  Share premium account
  R*uation reserve
  Other reserve
  Liabilities
  Non-current liabilities
  Current liabilities
  Trade payable
  Current tax payable
  Other payable
  ●A statement of comprehensive income for the period
  The income statement - Example
  Income statement for the year ended 31 December 2004