Company Statement of Financial Position Format
The Company Statement of Financial Position shows the assets, liabilities and equity of a company limited by shares on a particular date. It is prepared at the end of the accounting period to report shareholders' equity (ordinary share capital, preference share capital and retained profit) after share issues and cash dividends are accounted for. In this format, Total Assets must equal Total Equity and Liabilities.
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Blank format
| Particulars | RM | RM |
|---|---|---|
| Non-current Assets | ||
| xx | XX | |
| xx | XX | |
| Total Non-current Assets | XX | |
| Current Assets | ||
| xx | XX | |
| xx | XX | |
| xx | XX | |
| Total Current Assets | XX | |
| TOTAL ASSETS | XX | |
| Equity | ||
| Ordinary Share Capital | XX | |
| Preference Share Capital | XX | |
| Retained Profit | XX | |
| Total Equity | XX | |
| Non-current Liabilities | ||
| xx | XX | |
| Current Liabilities | ||
| xx | XX | |
| xx | XX | |
| Total Current Liabilities | XX | |
| TOTAL EQUITY AND LIABILITIES | XX |
Begin with a three-line heading: the company name, "Statement of Financial Position", and "as at [date]". Use two RM columns: the left for sub-items and the right for each section total; indent items under each section heading and make sure TOTAL ASSETS lines up with TOTAL EQUITY AND LIABILITIES.
Parts of the format
- Three-line heading
- The company name, the title "Statement of Financial Position", and the date "as at [date]" because the statement is prepared at one point in time.
- Assets section
- Assets are split into Non-current Assets (premises, equipment) and Current Assets (inventory, receivables, bank), ordered by decreasing permanence.
- Total Assets
- The sum of Non-current and Current Assets; this figure must equal Total Equity and Liabilities.
- Equity section
- The distinctive part of a company: Ordinary Share Capital, Preference Share Capital and Retained Profit. Declared cash dividends reduce Retained Profit rather than appearing as drawings.
- Liabilities section
- Non-current Liabilities (such as debentures) and Current Liabilities (payables, dividends payable) that fall due over different periods.
- Total Equity and Liabilities
- The sum of Total Equity, Non-current Liabilities and Current Liabilities; it shows how all assets are financed and must balance with Total Assets.
Filled example
Syarikat Maju Jaya Berhad prepares its statement of financial position as at 31 December 2025. The company issued Ordinary Share Capital of RM250,000 and 6% Preference Share Capital of RM50,000, has Retained Profit of RM70,000 after declaring dividends, 5% Debentures of RM50,000, and the current assets and liabilities shown in the statement below.
| Particulars | RM | RM |
|---|---|---|
| Non-current Assets | ||
| Premises | 300,000 | |
| Equipment | 50,000 | |
| Total Non-current Assets | 350,000 | |
| Current Assets | ||
| Inventory | 40,000 | |
| Trade Receivables | 25,000 | |
| Bank | 35,000 | |
| Total Current Assets | 100,000 | |
| TOTAL ASSETS | 450,000 | |
| Equity | ||
| Ordinary Share Capital | 250,000 | |
| 6% Preference Share Capital | 50,000 | |
| Retained Profit | 70,000 | |
| Total Equity | 370,000 | |
| Non-current Liabilities | ||
| 5% Debentures | 50,000 | |
| Current Liabilities | ||
| Trade Payables | 20,000 | |
| Dividends Payable | 10,000 | |
| Total Current Liabilities | 30,000 | |
| TOTAL EQUITY AND LIABILITIES | 450,000 |
Common layout errors
Related chapters and procedures
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