Free IFRS balance sheet template
A ready-to-use, IFRS-structured statement of financial position for UAE businesses — assets, liabilities, and equity, with comparative columns and a built-in balance check.
What the template includes
The full IFRS statement of financial position, structured and ready.
Assets section
Non-current assets (property, plant & equipment, intangibles) and current assets (cash, receivables, inventory).
Liabilities section
Non-current liabilities (long-term loans) and current liabilities (payables, short-term borrowings, VAT and tax due).
Equity section
Share capital, retained earnings, and reserves — the owners' stake in the business.
Balance check
A built-in check that total assets equal total liabilities plus equity, so an error stands out immediately.
Comparative columns
Current period alongside the prior period, the standard IFRS presentation.
AED formatting
Clean AED formatting and subtotals throughout, ready to present or share.
How to use it
From trial balance to a presentable statement in four steps.
Set your date
A balance sheet is a snapshot at a point in time — set your period-end date at the top.
Enter balances
Fill in your asset, liability, and equity balances from your trial balance.
Confirm it balances
Check that assets equal liabilities plus equity — the template flags any difference.
Review & share
Compare against the prior period, then export to PDF for your bank, board, or auditor.
Understanding your balance sheet
The balance sheet — or statement of financial position under IFRS — shows what your business owns and owes on a specific date. It rests on one equation that must always hold: Assets = Liabilities + Equity.
IFRS presentation splits assets into non-current (long-term, like equipment) and current (within a year, like cash and receivables), and does the same for liabilities. Equity — capital, retained earnings, and reserves — is the owners' residual stake. Comparative prior-period figures sit alongside the current period.
This template gives you that structure with a built-in check so an out-of-balance sheet is obvious. When manual updating gets tedious, software generates it for you from your ledger.
Balance sheet template questions
What is a balance sheet?
A balance sheet (statement of financial position) is a snapshot of what a business owns and owes at a single point in time. It lists assets on one side and liabilities plus equity on the other, and the two sides must always be equal — total assets = total liabilities + equity.
What does IFRS-compliant mean for a balance sheet?
Under International Financial Reporting Standards (IFRS), the balance sheet separates non-current and current assets and liabilities, presents equity distinctly, and shows comparative figures for the prior period. This template follows that structure, which is the standard basis for financial statements in the UAE.
Why must a balance sheet balance?
Because it reflects double-entry bookkeeping: every asset is funded either by a liability (something owed) or by equity (owners' funds). If total assets do not equal total liabilities plus equity, there is an error somewhere in the records. The template includes a check to catch this.
Is this balance sheet template free?
Yes, it is free to download and use. For a balance sheet that updates itself, AIMuhaseb produces an IFRS balance sheet in real time from your double-entry ledger — no manual entry, and it always balances.
Related
IFRS financial statements
How the full set of statements fits together.
P&L template
The income statement that feeds retained earnings.
A balance sheet that's always current
AIMuhaseb produces an IFRS balance sheet in real time from your double-entry ledger — and it always balances.
Get started with AIMuhaseb
Tell us about your business and we'll show you how AIMuhaseb produces an IFRS balance sheet in real time from your ledger — one that always balances.