That Standard defines that net assets is the excess of assets over liabilities, and is required to be displayed as a separate element on statement of financial position. It also specifies components of net assets, which include:
- Shareholders' equity;
- Remeasurement and translation adjustments;
- Minority interest; and
- Stock options.
Shareholders equity is subdevided into the following categories:
- stated capital;
- capital surplus (additional paid-in capital);
- earned surplus (retained earnings); and
- treasury stock.