1. Assets
1.1. Non-Current
1.1.1. PPE @ Cost Price
1.1.1.1. PPE @ Cost Price
1.1.1.1.1. Given
1.1.1.2. (Accumulated Depreciation
1.1.1.2.1. Given
1.1.2. Intangible Assets
1.1.2.1. Goodwill
1.1.2.1.1. created when an acquiring company takes over / merges with target company & represents an amt paid in excess of target company's fair value. given; subject to impairment -- Impairment of assets is the diminishing in quality, strength amount, or value of an asset.
1.1.2.2. Other Intangible Assets
1.1.2.2.1. patent rights, manufacturing rights, computer software etc.
1.1.3. Financial Assets
1.1.3.1. Investment in associates
1.1.3.1.1. if company x owns between 20-50 % of shares in company y , the shareholding is classified as Inv. in Ass.
1.1.3.2. Other Investments in Shares
1.1.3.2.1. all investments in shares in other companies where the shareholding is less than 20% of the total issues shares
1.1.3.3. Loans Granted
1.1.3.3.1. when enterprise grants loans to employees, directors or other companies
1.2. Current
1.2.1. Inventories
1.2.1.1. everything (items) required for the operations of a company
1.2.2. Trade receivables
1.2.2.1. certain portion of credit sales that are still outstanding and is yet to be paid by debtors
1.2.3. Other receivables
1.2.3.1. any other outstanding amounts not from normal operating activities e.g. insurance claim that needs to be paid out
1.2.4. Cash and Cash Equivalents
1.2.4.1. all cash held by the company; cash equivalents refer to (short-term investments of surplus cash) in MARKETABLE SECURITIES
1.2.5. Prepayment
1.2.5.1. payment of an expense before it was due
1.2.6. Short-term Financial Assets
1.2.6.1. short-term loans granted or short-term investments in shares
2. Equity
2.1. Ordinary Shareholders' Equity
2.1.1. Issued ordinary share capital
2.1.1.1. calculated by multiplying the # of issued ordinary shares with the avg issue price of the shares
2.1.1.1.1. ordinary share capital ⬇ when company buys back its own shares and will ↑ in case of a rights issue
2.1.2. Reserves
2.1.2.1. distributable reserves
2.1.2.1.1. retained earnings
2.1.2.1.2. general reserves
2.1.2.2. non-distributable reserves
2.1.2.2.1. revaluation reserves
2.1.2.2.2. capital redemption reserves
2.2. Shareholders' equity
2.2.1. Ordinary Shareholds' Equity (from amount calculated above)
2.2.2. Preference Shares
2.2.2.1. receive preference right over ordinary shareholders; dividend payments received first
2.2.2.2. different forms of preference shares
2.2.2.2.1. redeemable
2.2.2.2.2. non-redeemable
2.2.2.2.3. cumulative
2.2.2.2.4. participating
2.2.2.2.5. convertible
2.3. Non-controlling interest
2.3.1. if you dont own 100% of the shares in a company, the percentage you don't control belongs to non-controlling shareholders
3. Liabilities
3.1. Non-Current
3.1.1. Interest Bearing Borrowings
3.1.1.1. long-term loans
3.1.1.2. mortgage loans
3.1.1.3. debentures
3.1.1.3.1. a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest
3.1.2. Deferred Tax Liabilities
3.1.2.1. result of temp. diff. in profit calcula. applied by a company & the calcula. of the taxable income required by SARS
3.1.3. Other Non-Current Liabilities
3.1.3.1. Finance Lease Liabilities
3.1.3.2. Retirement Benefit Obligations
3.1.3.3. Long-term provisions
3.2. Current
3.2.1. Trade Payables
3.2.1.1. outstanding amount you need to pay on credit purchases
3.2.2. Other Payables
3.2.2.1. any other outstanding amount you need to pay that doesn't result from normal operating activities
3.2.3. Short-term Borrowings
3.2.3.1. short-term loans
3.2.3.1.1. matures in less than a year
3.2.3.2. bank overdraft
3.2.3.3. current portion of interest bearing borrowings
3.2.3.3.1. redeemable portion of long term interest bearing borrowing
3.2.4. Other Current Liabilities
3.2.4.1. current tax liabilities
3.2.4.1.1. tax not yet paid out to SARS
3.2.4.2. dividends payable
3.2.4.2.1. dividend payments not yet paid out to shareholders
3.2.4.3. provision for warranty claims