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I was looking for balance sheet of a company to know about it's total assets, liabilities and equity price. I tried apply basic formula to get equity, which is 'Assets = Liabilities + Equity'.

But, I found equity to be zero as both assets and liabilities were same. But in actually equity is not zero.

Link for balance sheet is :- https://www.moneycontrol.com/financials/infosys/balance-sheet/IT#IT Assets = Liabilities ≈ 830.57 $ as per (March 2019)

And link for actual equity price is :- https://en.m.wikipedia.org/wiki/Infosys Which is approx 9.4 billion $ as per (2019)

Thank you.

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If you use the Result in New Format function of that website, you will see that Share Capital is no longer part of Liabilities.

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  • Could u plz elaborate more? What I'm understanding now is, share capital is equity? Basically, I'm looking in the terms of mathematics. – abhishek May 9 '20 at 13:27
  • And further adding, what are the intentions behind two different form of balance sheet? – abhishek May 9 '20 at 13:28
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It seems to be a bad job of normalizing data by MoneyControl. If you look at the actual balance sheet and Yahoo Finance you see a value for total shareholder's equity that more closely matches what's shown in their Wikipedia page.

To elaborate more, companies have a lot of freedom to report their finances in whatever categories they see fit (within very broad best-practices like US GAAP or IFRS). Aggregation sites have to take the wide variey of formats and "normalize" them in order to make them comparable across companies. Sometimes they do a bad job putting things in the right categories.

Also, since MoneyControl seems to be an India-based site, it's also possible that equity is treated more like an "liability" in their financial market, but that's beyond of my realm of knowledge.

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