How to find total equity from balance sheet of a company?

Question

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.

base64 · Answer

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

D Stanley · Answer

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.

How to find total equity from balance sheet of a company?

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