Balance Sheet - Assets Part II

Basic materials and resources used in the production process to create finished goods.

• Good for resale

• Raw material and other supplies

• Work in progress

• Finished goods

• By-products, waste and recovered materials

Assets held with the intention of selling them without further processing within a year period.

• Good for resale

• Raw material and other supplies

• Work in progress

• Finished goods

• By-products, waste and recovered materials

Completed products ready for sale to customers.

• Good for resale

• Raw material and other supplies

• Advances to suppliers

• Finished goods

• By-products, waste and recovered materials

Payments made to suppliers in anticipation of future goods or services.

• Good for resale

• Raw material and other supplies

• Advances to suppliers

• Finished goods

• By-products, waste and recovered materials

Secondary products, scraps, or materials reclaimed during production processes.

• Good for resale

• Raw material and other supplies

• Advances to suppliers

• Finished goods

• By-products, waste and recovered materials

Partially completed goods in the production process but not yet finished.

• Good for resale

• Raw material and other supplies

• Work in progress

• Finished goods

• By-products, waste and recovered materials

Amounts owed to a company by its subsidiary companies or other entities in which it holds significant influence or control, typically arising from transactions within the group.

• Trade receivables from group companies and associates

• Trade receivables (from third parties apart from group companies)

• Personnel

• Current tax assets

• Receivables on called-up capital

Amounts receivable from shareholders who have not fully paid their subscribed capital or shares in the company, typically arising from capital calls.

• Trade receivables from group companies and associates

• Trade receivables (from third parties apart from group companies)

• Personnel

• Current tax assets

• Receivables on called-up capital

Amounts owed to a company by its customers for goods sold or services rendered in the normal course of business.

• Trade receivables from group companies and associates

• Trade receivables (from third parties apart from group companies)

• Personnel

• Current tax assets

• Receivables on called-up capital

Amounts receivable by a company related to income taxes that are expected to be recovered or refunded within the current accounting period.

• Trade receivables from group companies and associates

• Current tax liabilities

• Personnel

• Current tax assets

• Receivables on called-up capital