Bilanss
Bilanss is the Estonian term for the balance sheet, a financial statement that shows a company’s financial position at a specific date. It lists assets, liabilities and equity, and follows the basic equation: assets equal liabilities plus equity. Assets are usually presented in order of liquidity and divided into current (short-term) and non-current categories; liabilities are likewise split into current and non-current; equity reflects the owners’ residual interest in the company.
The balance sheet provides a snapshot rather than a performance report, and is used to assess solvency,
In Estonia and many other places, bilanss is a mandatory element of corporate financial reporting. It is