A balance sheet (balansräkning) is a summary of a limited company’s assets, equity, provisions, allocations and liabilities on the last day of its financial year.
The layout of the balance sheet is stipulated in the legislation. There are also regulations for evaluation of the various entries.
The profit and loss statement and balance sheet in smaller companies
Small companies may prepare the balance sheet and the profit and loss statement in an abbreviated form in the annual report.
Before sending the balance sheet to Bolagsverket, make sure that
- it has been summed up correctly; and
- the balance sheet total (the total assets) adds up to the same amount as the total equity, the allocations and the liabilities.