133 (1) The balance sheet to be laid before an annual meeting shall be drawn up so as to present fairly the financial position of the co-operative as at the date to which it is made up and so as to distinguish severally at least the following: 1.  Cash. 2.  Debts owing to the co-operative from its directors, officers or members, except debts of reasonable amount arising in the ordinary course of its business that are not overdue having regard to its ordinary terms of credit. 3.  Debts owing to the co-operative, whether on account of a loan or otherwise, from subsidiaries whose financial statements are not consolidated with those of the co-operative. 4.  Other debts owing to the co-operative segregating those that arose otherwise than in the ordinary course of its business. 5.  Inventory, stating the basis of valuation. 6.  Shares, bonds, debentures and other investments owned by the co-operative, except those referred to in paragraph 7, stating their nature and the basis of their valuation and showing separately those that are marketable with a notation of their market value. 7.  Securities of subsidiaries whose financial statements are not consolidated with those of the co-operative, stating the basis of valuation. 8.  Lands, buildings and plant and equipment, stating the basis of valuation, whether cost or otherwise, and, if valued on the basis of an appraisal, the date of appraisal, the name of the appraiser, the basis of the appraisal value and, if such appraisal took place within five years preceding the date to which the balance sheet is made up, the disposition in the accounts of the co-operative of any amounts added to or deducted from such assets on appraisal and also the amount or amounts accumulated in respect of depreciation, obsolescence and depletion. 9.  There shall be stated under separate headings, in so far as they are not written off, i.  expenditures on account of future business, ii.  any expense incurred in connection with any issue of shares, iii.  any expense incurred in connection with any issue of debt obligations, including any discount thereon, and iv.  any one or more of the following: goodwill, franchises, patents, copyrights, trade marks and other intangible assets and the amount, if any, by which the value of any such assets has been written up within a period of five years preceding the date to which the balance sheet is made up. 10.  Bank loans and overdrafts. 11.  Debts owing by the co-operative, except those referred to in paragraphs 12 and 13, on loans from its directors, officers or members. 12.  Debts owing by the co-operative on loans from members, called member loans referred to in section 49. 13.  Debts owing by the co-operative to members on the compulsory loans of patronage returns referred to in subsection 56 (4). 14.  Debts owing by the co-operative to subsidiaries whose financial statements are not consolidated with those of the co-operative, whether on account of a loan or otherwise. 15.  Other debts owing by the co-operative, segregating those that arose otherwise than in the ordinary course of its business. 16.  Liability for taxes, including the estimated liability for taxes in respect of the income of the period covered by the statement of profit and loss. 17.  Dividends declared but not paid. 18.  Deferred income. 19.  Debt obligations issued by the co-operative, stating the interest rate, the maturity date, the amount outstanding and the existence of sinking fund, redemption requirements and conversion rights, if any. 20.  The authorized capital, giving the number of each class and series of shares and a brief description of each class and series and indicating any class or series that is redeemable and the redemption price. 21.  The issued capital, giving the number of shares of each class and series issued and outstanding and the amount received therefor that is attributable to capital, and showing, i.  the number of shares of each class and series issued since the date of the last preceding balance sheet and the value attributed thereto, distinguishing shares issued for cash, shares issued for services and shares issued for other consideration, and ii.  where any shares issued before this Act comes into force have not been fully paid, a.  the number of shares in respect of which calls have not been made and the aggregate amount that has not been called, and b.  the number of shares in respect of which calls have been made and not paid and the aggregate amount that has been called and not paid. 22.  Contributed surplus. 23.  Earned surplus. 24.  Reserves, showing the amounts added thereto and the amounts deducted therefrom during the financial period. 25.  The aggregate number of shares of the co-operative purchased and resold since the date of the last preceding balance sheet.  R.S.O. 1990, c. C.35, s. 133 (1); 2004, c. 31, Sched. 8, s. 23. Notes (2) Explanatory information or particulars of any item mentioned in subsection (1) may be shown by way of note to the balance sheet.  R.S.O. 1990, c. C.35, s. 133 (2). Section Amendments with date in force (d/m/y) 2004, c. 31, Sched. 8, s. 23 (1-3) - 31/08/2007