Reporting of outstanding foreign liabilities: disclose financial liabilities to unrelated foreign parties in FLA returns; exclude domestic liabilities. Reporting under Item 4 of the FLA return requires disclosure of all outstanding financial liabilities with unrelated foreign parties, including trade credit, loans, currency and deposits, and other receivable and payable accounts; domestic liabilities (even if in foreign currency) are excluded. Outstanding share application money received from a foreign investor who does not hold equity as on the reference date must be disclosed under Item 4 in Other receivable and payable accounts.