101 The balance sheet to be laid before an annual meeting shall be drawn up so as to present fairly the financial position of the company 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 company from its directors, officers or shareholders, 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 company, whether on account of a loan or otherwise, from subsidiaries whose financial statements are not consolidated with those of the company. 4.  Debts owing to the company, whether on account of a loan or otherwise, from affiliated companies other than subsidiaries. 5.  Other debts owing to the company, segregating those that arose otherwise than in the ordinary course of its business. 6.  Inventory, stating the basis of valuation. 7.  Shares, bonds, debentures and other investments owned by the company, except those referred to in items 8 and 9, stating their nature and the basis of their valuation and showing separately those that are marketable with a notation of their market value. 8.  Shares or securities of subsidiaries whose financial statements are not consolidated with those of the company, stating the basis of valuation. 9.  Shares or securities of affiliated companies other than subsidiaries, stating the basis of valuation. 10.  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 company 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. 11.  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 securities, 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 after the 30th day of April, 1954. 12.  The aggregate amount of any outstanding loans under clauses 24 (2) (c), (d) and (e). 13.  Bank loans and overdrafts. 14.  Debts owing by the company on loans from its directors, officers or shareholders. 15.  Debts owing by the company to subsidiaries whose financial statements are not consolidated with those of the company, whether on account of a loan or otherwise. 16.  Debts owing by the company to affiliated companies other than subsidiaries whether on account of a loan or otherwise. 17.  Other debts owing by the company, segregating those that arose otherwise than in the ordinary course of its business. 18.  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. 19.  Dividends declared but not paid. 20.  Deferred income. 21.  Securities issued by the company, stating the interest rate, the maturity date, the amount outstanding and the existence of sinking fund, redemption requirements and conversion rights, if any. 22.  The authorized capital, giving the number of each class of shares and a brief description of each such class, and indicating therein any class of shares that is redeemable and the redemption price thereof. 23.  The issued capital, giving the number of shares of each class issued and outstanding and the amount received therefor that is attributable to capital, and showing, (a)  the number of shares of each class issued since the date of the last balance sheet and the value attributed thereto, distinguishing shares issued for cash, shares issued for services and shares issued for other consideration; and (b)  where any shares have not been fully paid, (i)  the number of shares in respect of which calls have not been made and the aggregate amount that has not been called, and (ii)  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. 24.  Contributed surplus. 25.  Earned surplus. 26.  Reserves, showing the amounts added thereto and the amounts deducted therefrom during the financial period.  R.S.O. 1990, c. C.38, s. 101.