WHAT ARE THE COMPONENTS OF FINANCIAL STATEMENTS?

Balance Sheet

Income Statement

A statement showing either:

• All changes in equity, or
• Changes in equity other than those arising from capital transactions with owners and distribution to owners.

Accounting policies and explanatory notes.

Voluntary disclosure, outside the financial statements, a financial review on the main features of financial performance and financial position and the principal uncertainties:

• Main factors and influences on performances, changes in environment, enterprise’s responses, policy on investments and dividends;
• Sources of funding, policy on gearing and risk management;
• Strengths and resources whose value is not reflected in the balance sheet.