High Return Investments

Balance sheet

In formal bookkeeping and accounting, a balance sheet is a statement of the
financial value (or "worth") of a business or other organisation (or person)
at a particular date, usually at the end of its "fiscal year," as distinct
from a profit and loss statement (or "P&L"), which records income and
expenditures over some period. Therefore a balance sheet is often described
as a "snapshot" of the company's financial condition at that time.

The balance sheet has two parts: assets on the left-hand ("debit") side or
at the top and liabilities on the right-hand ("credit") side or at the
bottom. The assets of the company -- money ("in hand" or owed to it),
investments (including securities and real estate), and other property --
are equal to the claims for payments of the persons or organisations owed --
the creditors, lenders, and shareholders. This standard format for balance
sheets is derived from the principle of double-entry bookeeping.

According to the basic accounting equation:

     assets = liabilities + equity

therefore,

     assets - liabilities = equity.

Equity, which is the shareholders' interest (= "net worth"), may not reflect
the company's true value, since assets are normally shown (= "carried") on
the balance sheet at what the company paid for them, without any adjustment
for increases or decreases in their value since then.

Investment FreshNews:

Queenstown edgy as finance companies fail (Stuff)
Fri, 04 Jul 2008 02:10:55 GMT
Queenstown looks set to become the epicentre of a national property development collapse as the finance company meltdown gathers pace.

Finance forecasts higher revenue windfall from oil (Yehey!)
Fri, 04 Jul 2008 03:03:15 GMT
As the government is set to remove tariff on oil due to high prices in the world market, the Department of Finance expects more revenue windfall from value-added tax on petroleum products.

Job losses warning for finance sector (Australian Broadcasting Corporation)
Fri, 04 Jul 2008 00:18:16 GMT
There have been renewed warnings the ongoing credit crisis could result in thousands of job losses in Australia's finance sector.

Government Submits Draft Law To Move Central Bank, Other Finance Institutions To Istanbul (TurkishPress.com)
Fri, 04 Jul 2008 02:55:28 GMT
ANKARA - Turkish government submitted to parliament on Wednesday a draft law to move a number of state finance institutions, including the country`s Central Bank, from capital Ankara to Istanbul, Turkey`s biggest commercial hub.

BIS Group Reports On Ratings Agencies, Structured Finance (Nasdaq)
Thu, 03 Jul 2008 19:30:03 GMT
LONDON -(Dow Jones)- A study group set up by the Bank for International Settlements has made a series of recommendations on the work of credit rating agencies in structured finance markets after assessing their roll in the recent credit market turmoil.

Investment Resources: