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The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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POSCO, Consolidated Statement of Financial Position, Liabilities and Stockholders' Equity
USD $ in millions, translated from KRW ₩

| Dec 31, 2011 | Dec 31, 2010 | ||
|---|---|---|---|
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Trade accounts and notes payable | ![]() |
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Short-term borrowings and current installments of long-term borrowings | ![]() |
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Other short-term financial liabilities | ![]() |
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Current income tax liabilities | ![]() |
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Liabilities related assets held for sale | ![]() |
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Provisions | ![]() |
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Due to customers for contract work | ![]() |
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Advances received | ![]() |
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Unearned revenue | ![]() |
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Withholding accounts | ![]() |
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Deferred revenue | ![]() |
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Others | ![]() |
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Other current liabilities | ![]() |
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Current liabilities | ![]() |
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Long-term trade accounts and notes payable | ![]() |
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Long-term borrowings, excluding current installments | ![]() |
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Other long-term financial liabilities | ![]() |
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Defined benefits obligations | ![]() |
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Deferred tax liabilities | ![]() |
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Long-term provisions | ![]() |
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Advances received | ![]() |
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Unearned revenue | ![]() |
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Others | ![]() |
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Other long-term liabilities | ![]() |
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Non-current liabilities | ![]() |
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Total liabilities | ![]() |
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Share capital | ![]() |
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Capital surplus | ![]() |
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Reserves | ![]() |
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Treasury shares | ![]() |
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Retained earnings | ![]() |
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Equity attributable to owners of the controlling company | ![]() |
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Non-controlling interests | ![]() |
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Total equity | ![]() |
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Total liabilities and equity | ![]() |
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