Balance Sheet - Assets Side

Balance Sheet - Assets Side

Balance Sheet - Assets side:


Note the basis of valuation apart from depreciation, which will be either (1) Cost or net website value in or about 1948, or (ii) Revaluation.

If the former, there will almost certainly be an element of 'hidden reserves' due to the figures being out of touch with present-day values, especially in the case of land and buildings, as the appreciation in values here can be considerable.

If the basis is 'revaluation', observe the year in which revaluation took place. If recent, you will know that there is little or no element of hidden reserves, and the more recent the revaluation, the less will be this element.


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