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ADVANCE PETROCHEMICALS LIMITED32 ndAnnual Report 20162017ADVANCE PETROCHEMICALS LTD. ADVANCE PETROCHEMICALS LIMITED (CIN L23200GJ1985PLC008013) 32nd ANNUAL REPORTANNUAL GENERAL MEETING At 12.30 P.M.
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01
Gather all pertinent financial information such as assets, liabilities, and equity.
02
List all current assets including cash, accounts receivable, and inventory.
03
Include fixed assets such as property, plant, and equipment.
04
Calculate total assets by adding all current assets and fixed assets.
05
List all current liabilities such as accounts payable and short-term debt.
06
Include long-term liabilities such as mortgages and bonds payable.
07
Calculate total liabilities by adding all current liabilities and long-term liabilities.
08
Determine shareholders' equity by subtracting total liabilities from total assets.
09
Verify that the balance sheet balances by ensuring that total assets equal total liabilities and equity.

Who needs advance petrochemicals balance sheet?

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Investors looking to evaluate the financial health of Advance Petrochemicals.
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Lenders assessing the creditworthiness of Advance Petrochemicals.
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Government agencies for regulatory compliance purposes.
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Internal management for financial planning and decision-making.
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The advance petrochemicals balance sheet is a financial statement that summarizes the assets, liabilities, and equity of a petrochemical company, detailing its financial position at a specific point in time.
Companies engaged in the petrochemical industry, including manufacturers and distributors, are required to file an advance petrochemicals balance sheet as part of their regulatory compliance.
To fill out an advance petrochemicals balance sheet, companies need to gather financial data, categorize it into assets, liabilities, and equity sections, and ensure that total assets equal the sum of total liabilities and equity.
The purpose of the advance petrochemicals balance sheet is to provide a snapshot of a company's financial health, assess its liquidity, and inform stakeholders about resources available for operations and investments.
Information that must be reported includes current and non-current assets, current and non-current liabilities, and shareholders' equity, along with detailed notes explaining specific items.
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