Off-balance Balance End of year statement of a company’s assets (what the company possesses) and liabilities (what it owes). In other words, the assets provide information about how the funds collected by the company have been used; and the liabilities, about the origins of those funds. -sheet activities account for activities that do not entail disbursement or collection of funds by a company or bank, but which expose it to a certain number of risks. These are most often pending contracts in connection with which no payment has been made.