Balance Sheet Examples

Examples of Balance Sheet

The following Balance Sheet example provides an outline of the most common Balance Sheets of US, UK, and Indian GAAP. It is impossible to provide a complete set that addresses every variation in every situation since there are thousands of such Balance Sheets. Each example of the Balance Sheet states the topic, the relevant reasons, and additional comments as needed.

A balance sheet is a statement that shows the financial position of the organization as on any specified date. The balance sheet has two sides: the Asset side and the Liability side. The asset side shows Non-current Assets and Current Assets. The liability side shows the Owner’s Capital and Current as well as Non-Current Liability.

Based on the industrial requirement and nationwide, there are various sets of rules prescribed by the International Accounting Standard Board (IASB), which are formally termed as International Financial Reporting Standard(IFRS). All nation based on their tradition and industrial specification adapts the IFRS and modify the same to draft their Locally generally accepted principles(GAAP).

Balance Sheet Examples based on US GAAP

In the USA, US local GAAP is accepted for the preparations of the financial statement. Let’s understand the balance sheet in the USA with an example of 2 companies existing in the real world:

#1 – Example of Walmart, Inc.

source: Walmart SEC Filings

• Current Assets – 59664,
• Property Plant & Equipment(PPE) net of Depreciation- 107,675,
• Lease receivables- 7,143,
• Goodwill – 18,242,
• Other assets- 11,798.

Equity Capital

• Share Capital– 295,
• Reserves-87,755,
• Other OCI Loss-(10,181),
• Non-Controlling Interest- 2,953

Long Term Liabilities

• Current Liabilities -78,521,
• Long term Debts- 30,045,
• Lease obligations-6780,
• Deferred Income tax & others-8,354

Along with the above data, comparable to last year for the same period is also needed to be disclosed;

#2 – Example of Apple, Inc.

source: Apple SEC Filings

• Current Assets- 130053,
• Property Plant & Equipment(PPE) net of Depreciation- 35,077,
• Long term marketable securities – 179,286,
• Goodwill-, Other assets- 23,086.

Equity Capital

• Share Capital- 38044,
• Reserves- 91,898,
• Other OCI Loss-(3,064),
• Non-Controlling Interest- Nil

Long Term Liabilities

• Current Liabilities-89320,
• Long term Debts– 10,1362,
• Lease obligations-46855,
• Deferred Income tax Liability & others-3087

Along with the above data, comparable to last year for the same period is also needed to be disclosed;

In the USA, major financials are prepared in accordance with the US GAAP and in the format published by SEC for their annual filing. The main aim behind the standardization of such a process is the comparability and correct disclosure of the facts for investors.

One should take note that a comparison of the last year, must be prepared under the said accounting policies, assumptions, methods, and approaches in which financials of current years are prepared.

Balance Sheet Example based on UK GAAP

In the United Kingdom, financials are needed to be compulsorily prepared as per the local UK and Irish GAAP. Also, based on the development at the global level, UK and Irish GAAP are blended to the IFRS, for the global reporting perspectives.

Let’s understand the above by viewing the balance sheets of the existing companies:

#1 – Example of Vodafone Group PLC

source: Vodafone Annual Report

• Current Assets- 37,951,
• Property Plant & Equipment(PPE) net of Depreciation- 28,325,
• Investments– 5,742,
• Deferred Tax Assets– 26,200,
• Goodwill- 43,257,
• Other assets-4,136

Equity Capital

• Share Capital- 154,993,
• Treasury Shares – (8,463),
• Accumulated losses- (106,695),
• Other OCI Loss- 27,805,
• Non-Controlling Interest- 967

Long Term Liabilities

• Current Liabilities-28,025,
• Long term Debts-37,980

Along with the above data, comparable to last year for the same period is also needed to be disclosed;

#2 – Example of BP PLC

source: BP Annual Report

• Current Assets-74,968,
• Property Plant & Equipment(PPE) net of Depreciation- 129,471,
• Investments– 24,985,
• Deferred Tax Assets- 4,469,
• Intangibles – 29,906,
• Other assets- 12,716.

Equity Capital

• Share Capital- 5,343,
• Share Premium Account- 12,147
• Capital Redemption Reserve- 1,426,
• Merger Reserve-27,206
• Treasury Shares – -16,958,
• Non-Controlling Interest- 1,913

Long Term Liabilities

• Current Liabilities-64,726,
• Non-Current Liabilities-11,385,

Along with the above data, comparable to last year for the same period is also needed to be disclosed.

 In the UK, Financial statements are to be submitted to the Financial Conduct Authority annually in XBRL format. Chartered accountants of ICAEW require to audit and certify it, and then the same can be submitted.

Balance Sheet Examples based on Indian GAAP

In India, financials are to be presented by considering Indian GAAP, along with acceptable IFRS in line with the global reporting framework. Up till 2019, IFRS 15(Revenue from Contracts with Customers) and 9 (Financial Instruments) are fully implemented. In this line, other IFRS will also be implemented with specific carve out as per the Indian scenario.

Schedule 3 of the Companies Act 2013, provides the format of the Balance sheet, in accordance with which all the Indian companies are needed to prepare their financial statements annually and quarterly.

Let’s understand the said format by taking a real example from the existing company:

Example of Reliance

source: Reliance Annual Report

• Current Assets-183,786,
• Property Plant & Equipment(PPE) net of Depreciation- 316,031,
• Capital Work in Progress– 166,220,
• Deferred Tax Assets- 5,075,
• Intangibles – 87,854,
• Other assets- 57,382

Equity Capital

• Share Capital- 5,922,
• Other Reserves- 287,584,
• Non-Controlling Interest- 3,539

Long Term Liabilities

• Current Liabilities- 313,852,
• Non-Current Liabilities- 205,451.

Along with the above data comparable to last year for the same period also needs to be disclosed.

In India, Complete financial statements consist of the Balance sheet, Income statement, Cash flow statement, Change inequity, and Statement of other comprehensive income. Financial statements are needed to be submitted to the Ministry of Corporate Affairs annually in September.

Conclusion

The balance sheet is the financial position statement which shows the obligations and receivables by the company. It is a base statement which will be considered for all kind of analysis and to determine the solvency of the company. All the experts will rely on the balance sheet provided by the company. Hence balance sheet needs to be reliable, correctly valued, with proper assumptions, and overall, must be prepared by the trusted personnel so that marketers can rely on the same.

Recommended Articles

This has been a Guide to Balance Sheet Examples. Here we provide practical Balance Sheet Examples of companies following US GAAP, UK GAAP, and Indian GAAP. You can learn more about Accounting from the following articles –

• Balance Sheet Ratios
• Balance Sheet Equation
• Classified Balance Sheet
• Balance Sheet Formula