Format 1- OPERATIONAL
FORMAT
FORMAT
Some Explanations of Format
Rules
Rules
(a) Companies must be show every
item which is preceded by a letter or a roman numeral (unless the item has a
nil value). The wording of each item must be as shown in the Decree (with minor
exceptions).
item which is preceded by a letter or a roman numeral (unless the item has a
nil value). The wording of each item must be as shown in the Decree (with minor
exceptions).
(b) Items preceded by an
Arabic number can be shown either in the balance sheet or in a note to the
accounts. In practice, most companies will probably opt to show them in notes
to the accounts. For example, a balance sheet might show a total figure for
tangible fixed assets in the balance sheet and break this total down into land
buildings, plant and machinery etcetera in a note to the accounts. Similar, a
single total be shown for stocks or for creditors, amount failing due within
one year.
Arabic number can be shown either in the balance sheet or in a note to the
accounts. In practice, most companies will probably opt to show them in notes
to the accounts. For example, a balance sheet might show a total figure for
tangible fixed assets in the balance sheet and break this total down into land
buildings, plant and machinery etcetera in a note to the accounts. Similar, a
single total be shown for stocks or for creditors, amount failing due within
one year.
(c) the letters, roman
numerals and Arabic themselves do not have to be shown.
numerals and Arabic themselves do not have to be shown.
