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The Finance Section Glossary

Currently viewing the definition of: Balance Sheet


	The balance sheet is one of the fundamental statements in the annual report and accounts. The balance sheet shows a company's financial position at a particular point in time, that is at its year-end date. The top half of the balance sheet shows assets minus liabilities to give net assets. The bottom half shows shareholders funds, being share capital plus retained profit, that is the capital employed. For the balance sheet to balance, net assets must equal the capital employed.

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