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Contents

4.1 Scope of this section.

4.2 Small Companies-Exemptions.

4.2.1Extract from FRS102: Section 4.1A.

4.3 Information to be presented in the statement of financial position.

4.3.1 Extract from FRS102: Section 4.2-4.4A and Section 4.7.

4.3.2 OmniPro comment.

4.3.2.1 The Formats.

4.3.2.1.1 Debtors.

4.3.2.1.2 Creditors.

4.3.2.2 Practical application of Format 1.

4.3.2.3   Schedule 3 Format 1 -Balance Sheet.

4.3.2.4 Schedule 3 Format 2- Balance Sheet.

4.4 Information to be presented either in the statement of financial position or in the notes- Share Capital and Equity Disclosures.

4.4.1 Extract from FRS102: Section 4.12-4.13.

4.4.2 OmniPro comment.

4.4.2.1 Overview.

4.4.2.2 Share Capital Disclosures.

4.4.2.3 Notes required on any reserves included in equity.

4.5 Information to be presented in the notes-binding agreement to sell (a) major assets/asset groups.

4.5.1 Extract from FRS102: Section 4.14.

4.5.2 OmniPro comment.

4.6 Alternative statement of financial position format.

4.6.1 Extract from FRS102: Section 4.2-4.2D.

4.6.2 OmniPro comment.

4.6.2.1. Overview.

4.6.2.2 Example of Alternative statement of Financial Position.

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Examples

Example 1:  Extract from the Consolidated Balance Sheet – S.4 FRS 102.

Example 2: Extract from the notes to the financial statements – Ordinary share capital

Example 3: Extract from the notes to the financial statements – Reserves note.

Example 4: Alternative Statement of Financial Position S4.2.A – S4.2D Alternative IFRS Version.

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