Glossary: M03 Balance Sheets

TermDefinition
Current AssetsAssets expected to be converted to cash or consumed within one year or operating cycle
Non-current AssetsAssets not expected to be converted to cash within one year (PPE, intangibles, goodwill)
GoodwillExcess of purchase price over fair value of net identifiable assets in a business combination
Intangible AssetsNon-monetary assets without physical substance (patents, trademarks, copyrights)
Property, Plant and Equipment (PPE)Tangible long-term assets used in operations
Current LiabilitiesObligations expected to be settled within one year or operating cycle
Non-current LiabilitiesObligations not expected to be settled within one year (long-term debt, pension obligations)
Financial InstrumentsContracts creating financial assets for one entity and financial liabilities/equity for another
Trading SecuritiesSecurities held for short-term profit; measured at fair value with gains/losses in income
Available-for-Sale (AFS) SecuritiesSecurities not classified as trading or HTM; unrealized gains/losses in OCI
Held-to-Maturity (HTM) SecuritiesDebt securities intended to be held until maturity; carried at amortized cost
Fair Value Through Profit or Loss (FVPL)IFRS classification; measured at fair value with changes in income
Fair Value Through OCI (FVOCI)IFRS classification; measured at fair value with changes in OCI
Accumulated Other Comprehensive Income (AOCI)Cumulative OCI reported in equity section of balance sheet
Shareholders’ EquityResidual interest in assets after deducting liabilities
Retained EarningsCumulative net income minus cumulative dividends
Treasury StockCompany’s own shares repurchased; reduces shareholders’ equity
Common-Size Balance SheetEach line item expressed as a percentage of total assets
Contributed CapitalAmounts received from shareholders for shares issued (par value + additional paid-in capital)
Book ValueCarrying amount of an asset or equity on the balance sheet