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General Instructions
Balance Sheet
Profit and Loss - Normal
Profit and Loss - EBITDA
Cash Flow - Operating Activities
Cash Flow - Investing Activities
Cash Flow - Financing Activities and Reconciliation of Cash and Cash Equivalents
Notes 1 and 2 - Corporate Information and Significant Accounting Policies
Note 3 - Share Capital
Note 3.a Share Capital - Reconciliation
Note 3.b - Share Capital - Other Details
Note 4 - Reserves & Surplus
Note 5 - Long-term Borrowings
Note 5.a - Long-term Borrowings - Other Details
Note 6 - Other Long-term Liabilities
Note 7 - Long-term Provisions
Note 8 - Short-term Borrowings
Note 8.a - Short-term Borrowings - Other Details
Note 9 - Trade Payables
Note 10 - Other Current Liabilities
Note 11 - Short-term Provisions
Note 12.A - Tangible Assets
Note 12.B - Intangible Assets
Note 12.C - Fixed Assets - Other Details
Note 13 - Non-current Investments
Note 14 - Long-term Loans and Advances
Note 15 - Other Non-current Assets
Note 16 - Current Investments
Note 17 - Inventories
Note 18 - Trade Receivables
Note 19 - Cash and Cash Equivalents
Note 20 - Short-term Loans and Advances
Note 21 - Other Current Assets
Note 22 - Revenue From Operations
Note 23 - Other Income
Note 24 - Materials
Note 25 - Employee Benefits Expense
Note 26 - Finance Costs
Note 27 - Other Expenses
Note 28 - Exceptional and Extraordinary Items
Narrative details to be provided for the relevant account balance / transaction and instructions to the preparers of the financial statements.
General Instructions (GI) to the Revised Schedule VI issued by the MCA as part of the notification
General Instructions to the Balance Sheet (BS) issued by the MCA as part of the Revised Schedule VI
PL
General Instructions to the Statement of Profit and Loss (PL) issued by the MCA as part of the Revised Schedule VI
GN
AS
Other Ann / Gn
Guidance Note (GN) on the Revised Schedule VI to the Companies Act, 1956 issued by the ICAI
Accounting Standards (AS) notified under the Companies (Accounting Standards) Rules, 2006 (as amended)
Other Announcements (Ann) / Guidance Notes (Gn) of ICAI prescribing accounting and disclosure requirements
Listing Clause
Ref. No.
GI 1
Where compliance with the requirements of the Act, including the Accounting Standards as applicable to companies, requires any change in
treatment or disclosure including addition, amendment, substitution or deletion in the head / sub-head or any changes inter se, in the financial
statements or statements forming part thereof, the same shall be made and the requirements of the Schedule VI shall stand modified accordingly.
GI 2
The disclosure requirements specified in Parts I and II of this Schedule are in addition to and not in substitution of the disclosure requirements
specified in the Accounting Standards prescribed under the Companies Act, 1956. Additional disclosures specified in the Accounting Standards
shall be made in the notes to accounts or by way of additional statement unless required to be disclosed on the face of the Financial Statements.
Similarly, all other disclosures as required by the Companies Act, 1956 shall be made in the notes to accounts in addition to the requirements set
out in this Schedule.
GI 3
Notes to accounts shall contain information in addition to that presented in the Financial Statements and shall provide where required :
(a) narrative descriptions or disaggregations of items recognised in those statements and
(b) information about items that do not qualify for recognition in those statements.
Each item on the face of the Balance Sheet and the Statement of Profit and Loss shall be cross-referenced to any related information in the notes
to accounts. In preparing the Financial Statements including the notes to accounts, a balance shall be maintained between providing excessive
detail that may not assist users of financial statements and not providing important information as a result of too much aggregation.
GI 4
Depending upon the turnover of the company, the figures appearing in the Financial Statements may be rounded off as below: (emphasis added)
Turnover
(i) less than one hundred crore rupees
Rounding off
To the nearest hundreds, thousands, lakhs or millions, or decimals thereof.
Once a unit of measurement is used, it should be used uniformly in the Financial Statements.
GI 5
Except in the case of the first Financial Statements laid before the Company (after its incorporation), the corresponding amounts (comparatives)
for the immediately preceding reporting period for all items shown in the Financial Statements including notes shall also be given.
GI 6
For the purpose of this Schedule, the terms used herein shall be as per the applicable Accounting Standards.
Note to GI This part of Schedule sets out the minimum requirements for disclosure on the face of the Balance Sheet and the Statement of Profit and Loss
(hereinafter referred to as Financial Statements for the purpose of this Schedule) and Notes. Line items, sub-line items and sub-totals shall be
presented as an addition or substitution on the face of the Financial Statements when such presentation is relevant to an understanding of the
Companys financial position or performance or to cater to industry / sector specific disclosure requirements or when required for compliance with
the amendments to the Companies Act, 1956 or under the Accounting Standards.
Ref. No.
BS 1
BS 2
GN 7.2.1
BS 3
An operating cycle is the time between the acquisition of assets for processing and their realisation in cash or cash equivalents. Where the normal
operating cycle cannot be identified, it is assumed to have a duration of 12 months.
Where a company is engaged in running multiple businesses, the operating cycle could be different for each line of business. Such a company will
have to classify all the assets and liabilities of the respective businesses into current and non-current, depending upon the operating cycles for the
respective businesses.
A liability shall be classified as current when it satisfies any of the following criteria: (emphasis added)
(a) it is expected to be settled in the companys normal operating cycle;
(b) it is held primarily for the purpose of being traded;
(c) it is due to be settled within twelve months after the reporting date; or
(d) the company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Terms of
a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.
All other liabilities shall be classified as non-current.
BS 4
A receivable shall be classified as a trade receivable if it is in respect of the amount due on account of goods sold or services rendered in the
normal course of business.
BS 5
A payable shall be classified as a trade payable if it is in respect of the amount due on account of goods purchased or services received in the
normal course of business.
GENERAL INSTRUCTIONS FOR PREPARATION OF THE STATEMENT OF PROFIT AND LOSS - NOTE 1
(Refer GN 9)
PL 1
The provisions of this Part shall apply to the Income and Expenditure Account referred to in sub-section (2) of Section 210 of the Act, in like
manner as they apply to a Statement of Profit and Loss.
Particulars
Note No.
As at 31 March, 20X2
As at 31 March, 20X1
GI 4
GN 6.14
A
3
4
29.1
29.2
3 Non-current liabilities
(a) Long-term borrowings
(b) Deferred tax liabilities (net)
(c) Other long-term liabilities
(d) Long-term provisions
5
30.10
6
7
4 Current liabilities
(a) Short-term borrowings
(b) Trade payables
(c) Other current liabilities
(d) Short-term provisions
8
9
10
11
GN 6.17
TOTAL
B
ASSETS
1 Non-current assets
(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under development
(v) Fixed assets held for sale
12.A
12.B
29.9
13
30.10
14
15
2 Current assets
(a) Current investments
(b) Inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short-term loans and advances
(f) Other current assets
16
17
18
19
20
21
GN 6.17
TOTAL
See accompanying notes forming part of the financial statements
In terms of our report attached.
For _______________________
Chartered Accountants
XXX
Partner
Place :
Date :
Chairman
Managing Director
Company Secretary
Place :
Date :
i
Ref No.
GI 3
GN 6.10
Note No.
GI 4
GN 6.14
A
CONTINUING OPERATIONS
22
22
Other income
23
Expenses
(a) Cost of materials consumed
(b) Purchases of stock-in-trade
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade
AS 9.10
24.a
24.b
24.c
25
26
12.C
27
Total expenses
5
Exceptional items
Extraordinary items
10
Tax expense:
(a) Current tax expense for current year
(b) (Less): MAT credit (where applicable)
(c) Current tax expense relating to prior years
(d) Net current tax expense
(e) Deferred tax
11
DISCONTINUING OPERATIONS
GN 9.8.1
GN 9.8.2
GN 9.9.2
AS 24.32(a)
GN 9.9.3
AS 24.32(b)
GN 9.10
28.b
12.i
30.11
12.ii
Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the discontinuing operations
30.11
12.iii
30.11
AS 24.32(a)
AS 24.23(a)
GN 6.5
GN 6.6
GN 9.9
28.a
13
TOTAL OPERATIONS
14
30.11
i
Ref No.
GI 3
GN 6.10
GI 4
GN 6.14
AS 20.8
AS 20.9
GN 9.11
15.i
AS 20.50
AS 20.48.i
15.ii
AS 20.50
AS 20.50
XXX
Partner
Place :
Date :
(a) Basic
(i) Continuing operations
(ii) Total operations
(b) Diluted
(i) Continuing operations
(ii) Total operations
AS 20.50
Note No.
30.9.a
30.9.b
30.9.e
30.9.f
30.9.c
30.9.d
30.9.g
30.9.h
Chairman
Managing Director
Company Secretary
Place :
Date :
i
Ref No.
GI 3
GN 6.10
Note No.
GI 4
GN 6.14
A
CONTINUING OPERATIONS
Expenses
(a) Cost of materials consumed
(b) Purchases of stock-in-trade
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade
AS 9.10
22
22
24.a
24.b
24.c
25
27
Total
GN 6.16
Earnings before exceptional items, extraordinary items, interest, tax, depreciation and amortisation
(EBITDA) (1 - 2)
Finance costs
Other income
Exceptional items
10
Extraordinary items
11
12
Tax expense:
(a) Current tax expense for current year
(b) (Less): MAT credit (where applicable)
(c) Current tax expense relating to prior years
(d) Net current tax expense
(e) Deferred tax
13
DISCONTINUING OPERATIONS
GN 9.8.1
GN 9.8.2
GN 9.9.2
AS 24.32(a)
GN 9.9.3
AS 24.32(b)
GN 9.10
12.C
23
28.a
28.b
14.i
30.11
14.ii
Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the discontinuing operations
30.11
14.iii
30.11
AS 24.32(a)
AS 24.23(a)
GN 6.5
GN 6.6
GN 9.9
26
15
TOTAL OPERATIONS
16
30.11
i
Ref No.
GI 3
GN 6.10
GI 4
GN 6.14
AS 20.8
AS 20.9
GN 9.11
17.i
AS 20.50
AS 20.48.i
17.ii
AS 20.50
AS 20.50
XXX
Partner
Place :
Date :
(a) Basic
(i) Continuing operations
(ii) Total operations
(b) Diluted
(i) Continuing operations
(ii) Total operations
AS 20.50
Note No.
30.9.a
30.9.b
30.9.e
30.9.f
30.9.c
30.9.d
30.9.g
30.9.h
Chairman
Managing Director
Company Secretary
Place :
Date :
i
AS 3.18(b)
Ref No.
GI 3
GN 6.10
GI 4
GN 6.14
AS 3.8
AS 3.20
Particulars
`
A. Cash flow from operating activities
Net Profit / (Loss) before extraordinary items and tax
Adjustments for:
Depreciation and amortisation
Provision for impairment of fixed assets and intangibles
Amortisation of share issue expenses and discount on shares
(Profit) / loss on sale / write off of assets
Expense on employee stock option scheme
Finance costs
Interest income
Dividend income
Net (gain) / loss on sale of investments
Rental income from investment properties
Rental income from operating leases
Share of profit from partnership firms
Share of profit from AOPs
Share of profit from LLPs
Liabilities / provisions no longer required written back
Adjustments to the carrying amount of investments
Provision for losses of subsidiary companies
Provision for doubtful trade and other receivables, loans and advances
Provision for estimated loss on derivatives
Provision for warranty
Provision for estimated losses on onerous contracts
Provision for contingencies
Other non-cash charges (specify)
Net unrealised exchange (gain) / loss
Operating profit / (loss) before working capital changes
Changes in working capital:
Adjustments for (increase) / decrease in operating assets:
Inventories
Trade receivables
Short-term loans and advances
Long-term loans and advances
Other current assets
Other non-current assets
Adjustments for increase / (decrease) in operating liabilities:
Trade payables
Other current liabilities
Other long-term liabilities
Short-term provisions
Long-term provisions
AS 3.28
AS 3.34
AS 3.35
i
AS 3.18(b)
Ref No.
GI 3
GN 6.10
GI 4
GN 6.14
AS 3.8
AS 3.15
AS 3.22.b
AS 3.36
AS 3.37
AS 3.36
AS 3.36
AS 3.37
AS 3.37
AS 3.37
AS 3.36
AS 3.36
AS 3.36
AS 3.36
AS 3.36
AS 3.36
AS 3.30
AS 3.36
AS 3.36
AS 3.36
AS 3.30
AS 3.36
AS 3.36
AS 3.36
Particulars
AS 3.28
AS 3.34
AS 3.35
i
AS 3.18(b)
Ref No.
GI 3
GN 6.10
GI 4
GN 6.14
AS 3.8
AS 3.17
Particulars
AS 3.30
AS 3.30
AS 3.30
AS 3.28
AS 3.22.b
AS 3.25
AS 3.42
AS 3.42
AS 3.45
XXX
Partner
Place :
Date :
Chairman
Managing Director
Company Secretary
Place :
Date :
Note
Particulars
1 Corporate information
? Give a brief note on the business activity / operations of the Company and its place(s) of business.
AS 1.1
AS 2.26.a
2.3 Inventories
Inventories are valued at the lower of cost (on FIFO / weighted average basis) and the net realisable value after providing for
obsolescence and other losses, where considered necessary. Cost includes all charges in bringing the goods to the point of sale,
including octroi and other levies, transit insurance and receiving charges. Work-in-progress and finished goods include appropriate
proportion of overheads and, where applicable, excise duty.
Note
Particulars
2.4 Cash and cash equivalents (for purposes of Cash Flow Statement)
AS 3.5.2
Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances (with an original maturity of
three months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash
and which are subject to insignificant risk of changes in value.
Depreciation has been provided on the straight-line method as per the rates prescribed in Schedule XIV to the Companies Act, 1956
except in respect of the following categories of assets, in whose case the life of the assets has been assessed as under:
Vehicles - 4 years
Computers and data processing equipments - 4 years
Leasehold land is amortised over the duration of the lease
Assets costing less than ` 5,000 each are fully depreciated in the year of capitalisation
Intangible assets are amortised over their estimated useful life as follows:
Product marketing rights 15 years (12 years remaining as at the Balance Sheet date)
Other intangibles 3 5 years (1-2 years remaining as at the Balance Sheet date)
Amortisation of Product marketing rights over 15 years is based on the term of the marketing right acquired and the economic
benefits that are expected to accrue to the Company over such period.
The estimated useful life of the intangible assets and the amortisation period are reviewed at the end of each financial year and the
amortisation method is revised to reflect the changed pattern.
2.7 Revenue recognition
GN 9.1.3
GN 9.1.4
GN 9.1.5
AS 9.11
AS 7.38.b
AS 7.38.c
AS 9.12
Sale of goods
Sales are recognised, net of returns and trade discounts, on transfer of significant risks and rewards of ownership to the buyer, which
generally coincides with the delivery of goods to customers. Sales include excise duty but exclude sales tax and value added tax.
Note
Particulars
Fixed assets, except __ and ___ are carried at cost less accumulated depreciation and impairment losses, if any. The cost of fixed
assets includes interest on borrowings attributable to acquisition of qualifying fixed assets up to the date the asset is ready for its
intended use and other incidental expenses incurred up to that date. Exchange differences arising on restatement / settlement of longterm foreign currency borrowings relating to acquisition of depreciable fixed assets are adjusted to the cost of the respective assets
and depreciated over the remaining useful life of such assets. Machinery spares which can be used only in connection with an item of
fixed asset and whose use is expected to be irregular are capitalised and depreciated over the useful life of the principal item of the
relevant assets. Subsequent expenditure relating to fixed assets is capitalised only if such expenditure results in an increase in the
future benefits from such asset beyond its previously assessed standard of performance.
Fixed assets acquired and put to use for project purpose are capitalised and depreciation thereon is included in the project cost till
commissioning of the project.
AS 10.22
Fixed assets acquired in full or part exchange for another asset are recorded at the fair market value or the net book value of the asset
given up, adjusted for any balancing cash consideration. Fair market value is determined either for the assets acquired or asset given
up, whichever is more clearly evident. Fixed assets acquired in exchange for securities of the Company are recorded at the fair market
value of the assets or the fair market value of the securities issued, whichever is more clearly evident.
AS 10.27
AS 10.30
The Company revalued all its ___ and ___ that existed on 1 April, 200X. The revalued assets are carried at the revalued amounts less
accumulated depreciation and impairment losses, if any. Increase in the net book value on such revaluation is credited to "Revaluation
reserve account" except to the extent such increase is related to and not greater than a decrease arising from a revaluation /
impairment that was previously recognised in the Statement of Profit and Loss, in which case such amount is credited to the Statement
of Profit and Loss. Decrease in book value on revaluation is charged to the Statement of Profit and Loss except where such decrease
relates to a previously recognised increase that was credited to the Revaluation reserve, in which case the decrease is charged to the
Revaluation reserve to the extent the reserve has not been subsequently reversed / utilised.
AS 10.24
Fixed assets retired from active use and held for sale are stated at the lower of their net book value and net realisable value and are
disclosed separately in the Balance Sheet.
Capital work-in-progress:
Projects under which assets are not ready for their intended use and other capital work-in-progress are carried at cost, comprising
direct cost, related incidental expenses and attributable interest.
Note
Particulars
Intangible assets are carried at cost less accumulated amortisation and impairment losses, if any. The cost of an intangible asset
comprises its purchase price, including any import duties and other taxes (other than those subsequently recoverable from the taxing
authorities), and any directly attributable expenditure on making the asset ready for its intended use and net of any trade discounts
and rebates. Subsequent expenditure on an intangible asset after its purchase / completion is recognised as an expense when
incurred unless it is probable that such expenditure will enable the asset to generate future economic benefits in excess of its originally
assessed standards of performance and such expenditure can be measured and attributed to the asset reliably, in which case such
expenditure is added to the cost of the asset.
Refer Note 2.21 for accounting for Research and Development Expenses.
AS 11.9
AS 11.21
Initial recognition
Transactions in foreign currencies entered into by the Company and its integral foreign operations are accounted at the exchange
rates prevailing on the date of the transaction or at rates that closely approximate the rate at the date of the transaction.
AS 11.11
AS 11.21
AS 11.13
AS 11.15
AS 11.21
AS 11.46
AS 11.46A
AS 11.36
Note
Particulars
Government grants and subsidies are recognised when there is reasonable assurance that the Company will comply with the
conditions attached to them and the grants / subsidy will be received. Government grants whose primary condition is that the Company
should purchase, construct or otherwise acquire capital assets are presented by deducting them from the carrying value of the assets.
The grant is recognised as income over the life of a depreciable asset by way of a reduced depreciation charge.
Export benefits are accounted for in the year of exports based on eligibility and when there is no uncertainty in receiving the same.
Government grants in the nature of promoters' contribution like investment subsidy, where no repayment is ordinarily expected in
respect thereof, are treated as capital reserve. Government grants in the form of non-monetary assets, given at a concessional rate,
are recorded on the basis of their acquisition cost. In case the non-monetary asset is given free of cost, the grant is recorded at a
nominal value.
Other government grants and subsidies are recognised as income over the periods necessary to match them with the costs for which
they are intended to compensate, on a systematic basis.
2.13 Investments
AS 13.28
AS 13.31
AS 13.32
AS 13.35.a
Long-term investments (excluding investment properties), are carried individually at cost less provision for diminution, other than
temporary, in the value of such investments. Current investments are carried individually, at the lower of cost and fair value. Cost of
investments include acquisition charges such as brokerage, fees and duties.
Investment properties are carried individually at cost less accumulated depreciation and impairment, if any. Investment properties are
capitalised and depreciated (where applicable) in accordance with the policy stated for Tangible Fixed Assets. Impairment of
investment property is determined in accordance with the policy stated for Impairment of Assets.
AS 15.55
AS 15.57
AS 15.65
AS 15.92
AS 15.94
AS 15.120.a
AS 15.120.b
Note
Particulars
AS 15.10
AS 15.11
AS 15.129
The Company has constituted an Employee Stock Option Plan - XXXX. Employee Stock Options granted on or after 1 April, 2005 are
accounted under the Intrinsic Value Method stated in the Guidance Note on Employee Share Based Payments issued by the Institute
of Chartered Accountants of India.
2.16 Borrowing costs
AS 16.6
AS 16.14
AS 16.17
AS 16.19
Borrowing costs include interest, amortisation of ancillary costs incurred and exchange differences arising from foreign currency
borrowings to the extent they are regarded as an adjustment to the interest cost. Costs in connection with the borrowing of funds to
the extent not directly related to the acquisition of qualifying assets are charged to the Statement of Profit and Loss over the tenure of
the loan. Borrowing costs, allocated to and utilised for qualifying assets, pertaining to the period from commencement of activities
relating to construction / development of the qualifying asset upto the date of capitalisation of such asset is added to the cost of the
assets. Capitalisation of borrowing costs is suspended and charged to the Statement of Profit and Loss during extended periods when
active development activity on the qualifying assets is interrupted.
The Company identifies primary segments based on the dominant source, nature of risks and returns and the internal organisation and
management structure. The operating segments are the segments for which separate financial information is available and for which
operating profit/loss amounts are evaluated regularly by the executive Management in deciding how to allocate resources and in
assessing performance.
Note
Particulars
The accounting policies adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue,
segment expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship to the
operating activities of the segment.
Inter-segment revenue is accounted on the basis of transactions which are primarily determined based on market / fair value factors.
Revenue, expenses, assets and liabilities which relate to the Company as a whole and are not allocable to segments on reasonable
basis have been included under unallocated revenue / expenses / assets / liabilities.
2.18 Leases
AS 19.11
AS 19.16
AS 19.23
AS 19.26
AS 19.40
Where the Company as a lessor leases assets under finance leases, such amounts are recognised as receivables at an amount equal
to the net investment in the lease and the finance income is recognised based on a constant rate of return on the outstanding net
investment.
Assets leased by the Company in its capacity as lessee where substantially all the risks and rewards of ownership vest in the
Company are classified as finance leases. Such leases are capitalised at the inception of the lease at the lower of the fair value and
the present value of the minimum lease payments and a liability is created for an equivalent amount. Each lease rental paid is
allocated between the liability and the interest cost so as to obtain a constant periodic rate of interest on the outstanding liability for
each year.
Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with the lessor are recognised
as operating leases. Lease rentals under operating leases are recognised in the Statement of Profit and Loss on a straight-line basis.
Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any)
by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the
profit / (loss) after tax (including the post tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to
expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for
deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the conversion
of all dilutive potential equity shares. Potential equity shares are deemed to be dilutive only if their conversion to equity shares would
decrease the net profit per share from continuing ordinary operations. Potential dilutive equity shares are deemed to be converted as
at the beginning of the period, unless they have been issued at a later date. The dilutive potential equity shares are adjusted for the
proceeds receivable had the shares been actually issued at fair value (i.e. average market value of the outstanding shares). Dilutive
potential equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive
equity shares are adjusted for share splits / reverse share splits and bonus shares, as appropriate.
Note
Particulars
Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of the
Income Tax Act, 1961.
Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future economic benefits in the form of adjustment to
future income tax liability, is considered as an asset if there is convincing evidence that the Company will pay normal income tax.
Accordingly, MAT is recognised as an asset in the Balance Sheet when it is probable that future economic benefit associated with it will
flow to the Company.
Deferred tax is recognised on timing differences, being the differences between the taxable income and the accounting income that
originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax is measured using the tax rates
and the tax laws enacted or substantially enacted as at the reporting date. Deferred tax liabilities are recognised for all timing
differences. Deferred tax assets in respect of unabsorbed depreciation and carry forward of losses are recognised only if there is
virtual certainty that there will be sufficient future taxable income available to realise such assets. Deferred tax assets are recognised
for timing differences of other items only to the extent that reasonable certainty exists that sufficient future taxable income will be
available against which these can be realised. Deferred tax assets and liabilities are offset if such items relate to taxes on income
levied by the same governing tax laws and the Company has a legally enforceable right for such set off. Deferred tax assets are
reviewed at each Balance Sheet date for their realisability.
Current and deferred tax relating to items directly recognised in equity are recognised in equity and not in the Statement of Profit and
Loss.
2.21 Research and development expenses
AS 26.41
AS 26.44
AS 26.23
Revenue expenditure pertaining to research is charged to the Statement of Profit and Loss. Development costs of products are also
charged to the Statement of Profit and Loss unless a products technological feasibility has been established, in which case such
expenditure is capitalised. The amount capitalised comprises expenditure that can be directly attributed or allocated on a reasonable
and consistent basis to creating, producing and making the asset ready for its intended use. Fixed assets utilised for research and
development are capitalised and depreciated in accordance with the policies stated for Tangible Fixed Assets and Intangible Assets.
The accounts of the Company reflect its share of the Assets, Liabilities, Income and Expenditure of the Joint Venture Operations which
are accounted on the basis of the audited accounts of the Joint Ventures on line-by-line basis with similar items in the Companys
accounts to the extent of the participating interest of the Company as per the Joint Venture Agreements.
Note
Particulars
The carrying values of assets / cash generating units at each Balance Sheet date are reviewed for impairment. If any indication of
impairment exists, the recoverable amount of such assets is estimated and impairment is recognised, if the carrying amount of these
assets exceeds their recoverable amount. The recoverable amount is the greater of the net selling price and their value in use. Value
in use is arrived at by discounting the future cash flows to their present value based on an appropriate discount factor. When there is
indication that an impairment loss recognised for an asset in earlier accounting periods no longer exists or may have decreased, such
reversal of impairment loss is recognised in the Statement of Profit and Loss, except in case of revalued assets.
A provision is recognised when the Company has a present obligation as a result of past events and it is probable that an outflow of
resources will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions (excluding retirement
benefits) are not discounted to their present value and are determined based on the best estimate required to settle the obligation at
the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates.
Contingent liabilities are disclosed in the Notes.
The estimated liability for product warranties is recorded when products are sold. These estimates are established using historical
information on the nature, frequency and average cost of warranty claims and management estimates regarding possible future
incidence based on corrective actions on product failures. The timing of outflows will vary as and when warranty claim will arise - being
typically upto three years.
As per the terms of the contracts, the Company provides post-contract services / warranty support to some of its customers. The
Company accounts for the post-contract support / provision for warranty on the basis of the information available with the Management
duly taking into account the current and past technical estimates.
Note
Particulars
Ref. No.
Particulars
BS 6.A.a
GN 8.1.1.5
GN 8.1.1.6
GN 8.1.1.8
(a) Authorised
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.b
GN 8.1.1.5
GN 8.1.1.7
GN 8.1.1.8
(b) Issued #
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.b
GN 8.1.1.5
GN 8.1.1.7
GN 8.1.1.8
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.b
GN 8.1.1.5
GN 8.1.1.7
GN 8.1.1.8
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.c
Equity shares of ` ___ each with differential voting rights, ` b not paid up
Compulsorily convertible preference shares of ` ___ each, ` c not paid up
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.c
BS 6.A.c
As at 31 March, 20X2
Number of shares
`
As at 31 March, 20X1
Number of shares
`
Total
@ Presently, under the Companies Act, 1956, there are two classes of capital - equity and preference. There could be further sub-classes within equity and preference. Preference
shares should be disclosed under share capital until redemption and even if redemption is due / overdue.
# Issued shares are those which are offered for subscription within the authorised capital. It is possible that all issued shares are not subscribed / allotted after subscription (e.g.
share warrants outstanding, non-refundable share application money pending allotment, etc.).
Refer Notes (i) to (viii) below
Ref. No.
BS 6.A.d
GN 8.1.1.9
Particulars
Notes:
(i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period:
? Details to be given for each class of shares separately for Issued, Subscribed and fully paid up and Subscribed but not fully paid up, as applicable.
Particulars
Opening
Balance
Fresh issue
Bonus
ESOP
Conversion
Buy back
Other changes
(give details)
Closing Balance
Ref. No.
Particulars
Notes:
BS 6.A.e
GN 8.1.1.10
? (ii) Provide detail of the rights, preferences and restrictions attaching to each class of shares (each class of equity and each class of preference shares) including restrictions on
BS 6.U
BS 6.A.f
GN 8.1.1.11
Arrears of fixed cumulative dividends on preference shares as at 31 March, 20X2 ` ____ (As at 31 March, 20X1 ` _____)
(iii) Details of shares held by the holding company, the ultimate holding company, their subsidiaries and associates:
the distribution of dividends and the repayment of capital. Also give details of dividend percentage for each class of preference shares as approved by the Board / agreement with the
preference shareholders.
Particulars
Compulsorily
Optionally convertible
convertible preference preference shares
shares
Number of shares
As at 31 March, 20X2
______, the holding company
______, the ultimate holding company
Subsidiaries of the holding company
Associates of the holding company
Subsidiaries of the ultimate holding company
Associates of the ultimate holding company
As at 31 March, 20X1
______, the holding company
______, the ultimate holding company
Subsidiaries of the holding company
Associates of the holding company
Subsidiaries of the ultimate holding company
Associates of the ultimate holding company
BS 6.A. g
GN 8.1.1.12
(iv) Details of shares held by each shareholder holding more than 5% shares:
Class of shares / Name of shareholder
As at 31 March, 20X2
% holding in that class of
Number of shares held
shares
As at 31 March, 20X1
Number of shares
% holding in that
held
class of shares
Redeemable
preference shares
Ref. No.
BS 6.A.h
GN 8.1.1.13
Particulars
(v) As at 31 March, 20X2 _____ shares (As at 31 March, 20X1________ shares) were reserved for issuance as follows:
(a) ______ shares (As at 31 March, 20X1 ____ shares) of ` ___ each towards outstanding employee stock options granted / available for grant. (Refer Note 31)
BS 6.A.j
GN 8.1.1.15
GN 8.1.1.13
(b)_________ shares (As at 31 March, 20X1 ____ shares) of ` ____ each towards outstanding share warrants. (Refer Note 29.1)
(c)______ shares (As at 31 March, 20X1 ____ shares) of ` ___ each towards convertible securities [Preference shares (Refer (ii) above), convertible bonds / debentures (Refer Note
(i) in Note 5 Long-term borrowings )]
? In addition, give details of shares reserved for issue under options that arise under promoter or collaboration agreements, loan agreements, contracts for supply of capital goods,
etc., if any. The details to be given should include the required number of shares, amounts and other terms of shares so reserved.
GN 8.1.1.15
? Give details including terms of any securities convertible into equity / preference shares issued along with the earliest date of conversion in descending order starting from the
farthest such date separately for each convertible security. To the extent details have been given in other relevant Notes, the same may be cross-referenced here instead of providing
such details here.
BS 6.A.i
(vi) Aggregate number and class of shares allotted as fully paid up pursuant to contract(s) without payment being received in cash, bonus shares and shares bought back for the
period of 5 years immediately preceding the Balance Sheet date:
GN 8.1.1.14
Particulars
? Details pertaining to aggregate number and class of shares allotted for consideration other than cash, bonus shares and shares bought back need to be disclosed only if such
event has occurred during a period of five years immediately preceding the Balance Sheet date. Since disclosure is for the aggregate number of shares, it is not necessary to give the
year-wise break-up of the shares allotted or bought back, but the aggregate number for the last five financial years needs to be disclosed.
Ref. No.
BS 6.A.k
GN 8.1.1.16
Particulars
(vii) Details of calls unpaid
Particulars
As at 31 March, 20X2
Number of shares
As at 31 March, 20X1
Number of shares
As at 31 March, 20X2
Number
Amount originally
of shares
paid up
`
As at 31 March, 20X1
Number
Amount originally
of shares
paid up
`
Ref. No.
BS 6.B.i.a
GN 8.1.2.2
GN 8.1.2.10
GN 8.1.2.10
BS 6.B.i.b
GN 8.1.2.3
GN 8.1.2.10
GN 8.1.2.10
Particulars
(a) Capital reserve
Opening balance
Add: Additions during the year (give details)
Less: Utilised / transferred during the year (give details)
Closing balance
(b) Capital redemption reserve
Opening balance
Add: Additions during the year
Transferred from surplus in Statement of Profit and Loss
Others (give details)
Less: Utilised during the year (give details)
Closing balance
BS 6.B.i.c
GN 8.1.2.4
GN 8.1.2.10
GN 8.1.2.10
BS 6.B.i.d
GN 8.1.2.5
GN 8.1.2.10
GN 8.1.2.10
BS 6.B.i.e
GN 8.1.2.6
GN 8.1.2.10
GN 8.1.2.10
BS 6.B.i.f
GN 8.1.2.7
GN 8.1.2.10
GN 8.1.2.10
GN 8.1.2.10
GN 8.1.2.10
GN 8.1.2.10
AS 11.40.b
GN 8.1.2.10
GN 8.1.2.10
As at 31 March, 20X2
`
As at 31 March, 20X1
`
Ref. No.
GN 8.1.2.10
GN 8.1.2.10
BS 6.B.i.g
GN 8.1.2.8
GN 8.1.2.10
GN 8.1.2.10
Particulars
As at 31 March, 20X2
`
BS 6.B.i.h
BS 6.B.iii
GN 8.1.2.9
GN 8.1.2.12
GN 8.1.2.10
PL 5(iv)(b)
GN10.10
GN 8.1.2.10
BS 6.U
Opening balance
Add: Profit / (Loss) for the year
Amounts transferred from:
General reserve
Other reserves (give details)
Less: Interim dividend
Dividends proposed to be distributed to equity shareholders (`___ per share)
BS 6.U
PL 5(iv)(a)
GN 10.9
General reserve
Capital redemption reserve
Debenture redemption reserve
Other reserves (give details)
Closing balance
Total
As at 31 March, 20X1
`
Ref. No.
Particulars
BS 6.C.i.a
GN 7.5
BS 6.C.ii
BS 6.C.ii
BS 6.C.i.b
GN 8.3.1.8
BS 6.C.ii
BS 6.C.ii
BS 6.C.i.c
GN 8.3.1.9
BS 6.C.ii
BS 6.C.ii
BS 6.C.i.d
GN 8.3.1.19
(d) Deposits
BS 6.C.i.e
GN 8.3.1.20
GN 6.15
BS 6.C.ii
BS 6.C.ii
BS 6.C.i.f
BS 6.C.ii
BS 6.C.ii
BS 6.C.i.g
BS 6.C.ii
BS 6.C.ii
As at 31 March, 20X1
`
Secured
Unsecured
BS 6.C.ii
BS 6.C.ii
BS 6.C.ii
BS 6.C.ii
As at 31 March, 20X2
`
Secured
Unsecured
Secured
Unsecured
(e) Loans and advances from related parties @ (Refer Note 30.7)
Secured
Unsecured
(f) Long-term maturities of finance lease obligations (Refer Note 30.8.c)
Secured
Unsecured
(g) Other loans and advances (specify nature)
Secured
Unsecured
Total
# A liability is classified as current if, as on the Balance Sheet date, the Company does not have an unconditional right to defer its settlement for 12 months after the reporting
date. The following may be noted with respect to borrowings:
(a) The Company would need to evaluate breaches, if any, of terms and conditions of the loans to determine if such a breach would require classification of the loan under
current liabilities, as it may be possible that the Company may not have the right to defer settlement. However, if the breaches are considered minor and the bank has not
recalled the loan anytime before the date of approval of the financial statements, the Company could continue to classify the loan as non-current.
(b) Liabilities / borrowings that, at the option of the counterparty, are required to be settled by issuance of equity instruments do not affect the classification of the underlying
liability / borrowing.
i
i
@ Details of loans and advances to related parties should be given in accordance with the disclosure requirements contained in AS 18 Related Party Disclosures.
Borrowings for which the Company has not provided any security but only guarantees or other personal securities (shares or other assets) by directors, promoters, other
shareholders or others have been provided for the borrowings, should be classified as unsecured.
Loans and advances should include those advances which are in the nature of loans.
Ref. No.
Particulars
Notes:
(i) Details of bonds / debentures issued by the Company:
GN 8.3.1.4
? (In the descending order of maturity / conversion. If redeemable in installments, maturity date should be considered as the due date for the first installment)
Particulars
BS 6.C.ii
BS 6.C.iv
GN 8.3.1.4
GN 8.3.1.11
GN 8.3.1.12
GN 8.3.1.13
GN 8.3.1.17
GN 8.3.1.18
Terms and
conditions*
As at 31 March, 20X2
Secured
Unsecured
`
As at 31 March, 20X1
Secured
Unsecured
`
GN 8.3.1.11
GN 8.3.1.12
BS 6.C.v
GN 8.3.1.5
(ii) The Company is eligible to reissue the (state type) bonds / debentures that have been redeemed. As at 31 March, 20X2, ___ number of bonds / debentures of
20X1 ____ bonds / debentures of ` ___ each) were available for reissuance.
BS 6.C.ii
* The disclosure about the nature of security should cover the type of asset given as security e.g. inventories, plant and machinery, land and building, etc. Disclosure of repayment
(including premium) / conversion terms should include the period of maturity with respect to the Balance Sheet date, number and amount of installments due, the applicable rate of interest
and other significant relevant terms, if any. Further, give details for each loan separately, unless the nature of security and repayment terms of individual loans within a category are similar, in
which case, they may be aggregated.
(iii) Details of terms of repayment for the other long-term borrowings and security provided in respect of the secured other long-term borrowings:
Particulars
Terms of repayment and
As at 31 March, 20X2
security*
Secured
Unsecured
`
`
Term loans from banks:
XXX Bank
YYY Bank
Total - Term loans from banks
Term loans from other parties:
ABC Ltd.
XYZ Ltd.
Total - Term loans from other parties
Deferred payment liabilities:
Deferred sales tax liability
Deferred payment for acquisition of fixed
assets
Total - Deferred payment liabilities
BS 6.C.vi
GN 8.3.1.11
GN 8.3.1.12
GN 8.3.1.13
GN 8.3.1.17
GN 8.3.1.18
Deposits:
Public deposits
Inter-corporate deposit 1
Inter-corporate deposit 2
Total - Deposits
Loans and advances from related parties:
RP 1
RP 2
Total - Loans and advances from related
parties
Long-term maturities of finance lease
obligations:
Finance lease Co. 1
Finance lease Co. 2
Total - Long-term maturities of finance
lease obligations
Other loans and advances:
Loan 1
Advance 1
Total - Other loans and advances
As at 31 March, 20X1
Secured
Unsecured
`
`
Particulars
? * Disclosure of repayment terms should include the period of maturity with respect to the Balance Sheet date, number and amount of installments due, the applicable rate of interest and
other significant relevant terms if any. Further, give details for each loan separately, unless the nature of security and repayment terms of individual loans within a category are similar, in which
case, they may be aggregated.
The disclosure about the nature of security should cover the type of asset given as security e.g. inventories, plant and machinery, land and building, etc. The details of security should be given
for each loan separately, unless one security is given for multiple loans, in which case, the same may be clubbed together for disclosure purposes with adequate details or cross referencing.
BS 6.C.iii
GN 8.3.1.3
GN 8.3.1.13
Particulars
As at 31 March, 20X2
As at 31 March, 20X1
Bonds / debentures
Term loans from banks
Term loans from other parties
Deferred payment liabilities
Deposits
Loans and advances from related parties
Long-term maturities of finance lease
obligations
Other loans and advances
GN 8.3.1.13
? When promoters, other shareholders or any third party have given any personal security such as shares or other assets held by them, for any borrowing, additional disclosure may be
made thereof.
BS 6.C.vii
GN 8.3.1.6
(v) The Company has defaulted in repayment of loans and interest in respect of the following:
Particulars
GN 8.3.1.14
GN 8.3.1.15
GN 8.3.1.16
As at 31 March, 20X2
Period of default
Bonds / debentures
Principal
Interest
Term loans from banks
Principal
Interest
Term loans from other parties
Principal
Interest
Deferred payment liabilities
Principal
Interest
Deposits
Principal
Interest
Loans and advances from related parties
Principal
Interest
Long-term maturities of finance lease
obligations
Principal
Interest
Other loans and advances
Principal
Interest
(vi) For the current maturities of long-term borrowings, refer items (a) and (b) in Note 10 Other current liabilities.
As at 31 March, 20X1
Period of default
Ref. No.
BS 6.D.a
GN 8.4.1
Particulars
As at 31 March, 20X2
`
As at 31 March, 20X1
`
BS 6.D.b
GN 8.4.1
(b) Others:
(i) Payables on purchase of fixed assets
(ii) Contractually reimbursable expenses
(iii) Interest accrued but not due on borrowings
(iv) Interest accrued on trade payables
(v) Interest accrued on others
(vi) Trade / security deposits received
(vii) Advances from customers
(viii) Income received in advance (Unearned revenue)
(ix) Others (specify nature)
Total
* Trade payables are dues in respect of goods purchased or services received (including from employees, professionals and others under
contract) in the normal course of business.
Ref. No.
BS 6.E.a
GN 7.3
GN 8.5.1
BS 6.E.b
Particulars
As at 31 March, 20X2
`
As at 31 March, 20X1
`
Total
If the employee benefits are funded, the amounts payable to the Fund should not classified as provisions but should be classified as Other
long-term liabilities or Other current liabilities, as applicable.
Ref. No.
BS 6.F.i.a
BS 6.F.ii
BS 6.F.ii
BS 6.F.ii
BS 6.F.ii
BS 6.F.i.b
GN 6.15
GN 8.3.1.20
BS 6.F.ii
BS 6.F.ii
Particulars
Secured
Unsecured
(c) Deposits
Secured
Unsecured
BS 6.F.i.d
BS 6.F.ii
BS 6.F.ii
i
BS 6.F.ii
GN 8.3.1.11
GN 8.3.1.12
As at 31 March, 20X1
`
BS 6.F.i.c
BS 6.F.ii
BS 6.F.ii
As at 31 March, 20X2
`
Total
In case of borrowings for which the Company has not provided any security but only guarantees by directors or others have been provided for such borrowings,
they should be classified as unsecured.
@ Details of loans and advances to related parties should be given in accordance with the disclosure requirements contained in AS 18 Related Party Disclosures.
Notes:
(i) Details of security for the secured short-term borrowings:
Particulars
Nature of security
GN 8.3.1.13
Loans repayable on demand
from banks:
XXX Bank
YYY Bank
Total - from banks
Loans repayable on demand
from other parties:
ABC Ltd.
XYZ Ltd.
Total - from other parties
Loans and advances from related parties:
RP 1
RP 2
Total - Loans and advances from related
parties
Deposits:
Public deposits
Inter-corporate deposit 1
Inter-corporate deposit 2
Total - Deposits
Other loans and advances:
Loan 1
Advance 1
Total - Other loans and advances
As at 31 March, 20X2
As at 31 March, 20X1
Ref. No.
BS 6.F.iii
GN 8.3.1.3
GN 8.3.1.13
Particulars
(ii) Details of short-term borrowings guaranteed by some of the directors or others:
Particulars
Loans repayable on demand from banks
Loans repayable on demand from other parties
Loans and advances from related parties
Deposits
Other loans and advances
As at 31 March, 20X2
As at 31 March, 20X1
Ref. No.
BS 6.F.iv
GN 8.3.1.6
Particulars
(iii) The Company has defaulted in repayment of loans and interest in respect of the following:
Particulars
GN 8.3.1.14
GN 8.3.1.15
GN 8.3.1.16
As at 31 March, 20X2
Period of default
As at 31 March, 20X1
Period of default
As at 31 March, 20X2
`
As at 31 March, 20X1
`
Trade payables:
Acceptances
Other than Acceptances
Total
* Trade payables are dues in respect of goods purchased or services received (including from employees,
professionals and others under contract) in the normal course of business.
BS 6.G.a
GN 8.3.1.10
BS 6.G.b
BS 6.G.c
BS 6.G.d
BS 6.G.e
BS 6.G.f
BS 6.G.g
GN 8.2.1
GN 8.2.2
GN 8.2.3
BS 6.G.h
BS 6.G.i
BS 6.G.j
Particulars
As at 31 March, 20X2
`
As at 31 March, 20X1
`
GN 7.1.6
i
i
Total
@ A liability is classified as current if, as on the Balance Sheet date, the Company does not have an unconditional right to defer its settlement for 12 months after the reporting date.
Amount of share application money received in excess of the authorised / issued capital or where minimum subscription requirement is not met and those that are refundable along with
interest accrued thereon are classified as part of other current liabilities.
? # Give details of the terms and conditions, number of shares proposed to be issued, the amount of premium, if any, the period before which the shares are to be allotted, whether the
GN 8.2.3
Company has sufficient authorised capital to allot the shares, the period beyond which the share application money is pending allotment with the reasons therefor and the interest
accrued on amounts due for refund, to the extent applicable.
GN 8.3.1.11
Note (i): Current maturities of long-term debt (Refer Notes (i), (iii) and (iv) in Note 5 - Long-term borrowings for details of security and guarantee):
As at 31 March, 20X2
Particulars
`
(a) Bonds / debentures
Secured
Unsecured
(b) Term loans
From banks
Secured
Unsecured
From other parties
Secured
Unsecured
(c) Deferred payment liabilities
Secured
Unsecured
(d) Deposits
Secured
Unsecured
(e) Loans and advances from related parties (Refer Note 30.7)
Secured
Unsecured
(f) Other loans and advances (specify nature)
Secured
Unsecured
Total
As at 31 March, 20X1
`
GN 7.3
GN 8.5.1
As at 31 March, 20X2
`
As at 31 March, 20X1
`
BS 6.H.b
GN 8.8.7.7
GN 8.8.7.7
Total
@ A liability is classified as current if, as on the Balance Sheet date, the Company does not have an unconditional right to defer its settlement for 12
months after the reporting date. Employee benefits would need to be evaluated for such classification even if they are measured as long-term employee
benefits under AS 15 Employee Benefits, based on the Company's unconditional right to defer settlement for 12 months from the Balance Sheet date.
If the employee benefits are funded, the amounts payable to the Fund should not classified as provisions but should be classified as Other long-term
liabilities or Other current liabilities, as applicable.
Ref. No.
A.
GN 8.7.1.1
BS 6.I.i
BS 6.I.ii
BS 6.I.iii
AS 10.37.i
AS 6.28
AS 19.22.a
AS 19.22.b
Tangible assets
(a) Land
Freehold
Leasehold *
(b) Buildings
Own use
Given under operating lease *
(c) Plant and Equipment
Owned
Taken under finance lease *
Given under operating lease *
(d) Furniture and Fixtures
Owned
Taken under finance lease *
Given under operating lease *
(e) Vehicles
Owned
Taken under finance lease *
Given under operating lease *
(f) Office equipment
Owned
Taken under finance lease *
Given under operating lease *
(g) Leasehold improvements
Owned
Taken under finance lease *
Given under operating lease *
(h) Others (specify nature), e.g. Railway
sidings, etc.
Owned
Taken under finance lease *
Given under operating lease *
Total
Previous year
Gross block
Balance
as at
1 April, 20X1
Additions
Disposals
Acquisitions through
business combinations
Revaluation increase
Other adjustments
Balance
as at
31 March, 20X2
Ref. No.
GN 8.7.1.1
BS 6.I.i
BS 6.I.ii
BS 6.I.iii
AS 10.37.i
AS 6.28
AS 19.22.a
AS 19.22.b
i
GN 8.7.1.1
AS 10.37.iii
Tangible assets
Depreciation /
amortisation expense for
the year
Eliminated on disposal of
Eliminated on
Impairment losses
assets
reclassification as held for recognised in statement of
sale
profit and loss
Net block
Reversal of impairment
losses recognised in
Statement of Profit and
Loss
Other adjustments
Balance
as at
31 March, 20X2
Balance
as at
31 March, 20X2
Balance
as at
31 March, 20X1
(a) Land
Freehold
Leasehold *
(b) Buildings
Own use
Given under operating lease *
(c) Plant and Equipment
Owned
Taken under finance lease *
Given under operating lease *
(d) Furniture and Fixtures
Owned
Taken under finance lease *
Given under operating lease *
(e) Vehicles
Owned
Taken under finance lease *
Given under operating lease *
(f) Office equipment
Owned
Taken under finance lease *
Given under operating lease *
(g) Leasehold improvements
Owned
Taken under finance lease *
Given under operating lease *
(h) Others (specify nature), e.g. Railway
sidings, etc.
Owned
Taken under finance lease *
Given under operating lease *
Total
Previous year
* Information regarding assets under lease (taken or given), where applicable, may also be given as a separate note for each class of asset.
?
?
Asset disposals through demergers and amounts written off on reduction of capital should be disclosed separately for each class of assets.
Also give details such as gross book value of revalued assets, method adopted to compute revalued amounts, nature of indices used, year of appraisal, involvement of external valuer as long as the concerned assets are held by the Company.
Ref. No.
Intangible assets
BS 6.J.i
BS 6.J.ii
GN 8.7.1.2
Gross block
Balance
as at
1 April, 20X1
Additions
Disposals
Acquisitions through
business combinations
Balance
as at
1 April, 20X1
Depreciation /
amortisation expense for
the year
Other adjustments
Balance
as at
31 March, 20X2
`
Other adjustments
Balance
as at
31 March, 20X2
Balance
as at
31 March, 20X2
Balance
as at
31 March, 20X1
(a) Goodwill
(b) Brands / trademarks
(c) Computer software
(d) Mastheads and publishing titles
(e) Mining rights
(f) Copyrights, patents and other intellectual
property rights, services and operating rights
(g) Recipes, formulae, models, designs and
prototypes
(h) Licenses and franchise
(i) Others (specify nature)
Total
Previous year
Ref. No.
Intangible assets
BS 6.J.i
BS 6.J.ii
GN 8.7.1.2
(a) Goodwill
(b) Brands / trademarks
(c) Computer software
(d) Mastheads and publishing titles
(e) Mining rights
(f) Copyrights, patents and other intellectual
property rights, services and operating rights
(g) Recipes, formulae, models, designs and
prototypes
(h) Licenses and franchise
(i) Others (specify nature)
Total
Previous year
It may be noted that AS 26
i
GN 8.7.1.1
AS 26.94.c
?
?
Intangible Assets
Net block
Eliminated on disposal of
Eliminated on
Impairment losses
assets
reclassification as held for recognised / (reversed) in
sale
Statement of Profit and
Loss
does not permit revaluation of intangible assets. Impairment losses recognised / reversed, if any, should be disclosed above.
Asset disposals through demergers and amounts written off on reduction of capital should be disclosed separately for each class of assets.
Existence and carrying amount of intangible assets whose title is restricted and the carrying amounts of intangible assets pledged as security for liabilities needs to be disclosed.
Ref. No.
GN 9.5.6
Particulars
C.
Depreciation and amortisation for the year on tangible assets as per Note 12 A
Depreciation and amortisation for the year on intangible assets as per Note 12 B
Less: Utilised from revaluation reserve
Depreciation and amortisation relating to discontinuing operations (Refer Note 30.11)
Depreciation and amortisation relating to continuing operations
Notes:
(i) Details of amounts written off on reduction of capital or revaluation of assets or sums added to assets on revaluation during the preceding 5 years:
Particulars
Year
31 March, 20X2
31 March, 20X1
Prior Year 1
Prior Year 2
`
`
`
`
BS 6.I.iv
BS 6.J.iii
GN 8.7.1.1.iv
GN 8.7.1.2.iii
AS 10.33
asset
Opening balance
Written off on reduction of capital
Date
Amount
Written off on revaluation
Date
Amount
Added on revaluation
Date
Amount
Balance as at 31 March
AS 10.34
Net block
31 March, 20X2
`
31 March, 20X2
`
AS 19.46.a
Prior Year 3
`
31 March, 20X1
`
31 March, 20X1
`
Accumulated depreciation
31 March, 20X2
`
31 March, 20X1
`
For each class of asset given on operating lease, give details of the gross carrying amount, accumulated depreciation and accumulated impairment losses at the Balance Sheet date.
Net block
31 March, 20X2
`
31 March, 20X1
`
Particulars
Ref. No.
BS 6.K.i
BS 6.K.ii
GN 8.7.2.5
AS 13.32
GN 8.7.2.1
BS 6.K.i.b
GN 8.7.2.7
Quoted
`
Unquoted
`
Total
`
(b)
Investment in preference shares (give details separately for fully / partly paid up shares)
(i) of subsidiaries
(ii) of associates
(iii) of joint venture companies
(iv) of controlled special purpose entities
(v) of other entities (give details)
GN 8.7.2.4
GN 8.7.2.4
As at 31 March, 20X1
Total
`
E.g.. 5,000 (As at 31 March, 20X1: 4,000) shares of ` 10 each fully paid up in ABC Ltd.
E.g.. 2,500 (As at 31 March, 20X1 : 1,000) shares of ` 10 each, partly paid up ` 5 (As at 31
March, 20X1 : ` 3) in ABC Ltd.
(ii) of associates
(iii) of joint venture companies
(iv) of controlled special purpose entities
(v) of other entities (give details)
GN 8.7.2.4
BS 6.K.i.e
GN 8.7.2.7
Unquoted #
`
GN 8.7.2.7
BS 6.K.i.c
GN 8.7.2.7
As at 31 March, 20X2
Quoted #
`
(c)
Investment in debentures or bonds (give details separately for fully / partly paid up debentures / bonds)
(i) of subsidiaries
(ii) of associates
(iii) of joint venture companies
(iv) of controlled special purpose entities
(v) of other entities (give details)
BS 6.K.i.g
BS 6.K.i.h
GN 8.7.2.7
# The term quoted investments has not been defined in the Revised Schedule VI. The expression quoted investment, as defined in the Old Schedule VI, means an investment in respect of which there has been granted a quotation or permission to deal on a recognized stock
exchange, and the expression unquoted investment shall be construed accordingly.
Particulars
Ref. No.
BS 6.K.i.a
GN 8.7.2.2
i
BS 6.K.i.b
GN 8.7.2.7
Unquoted
`
As at 31 March, 20X1
Total
`
B. Other investments
(a) Investment property (specify nature), (net off accumulated depreciation and impairment, if any)
Details of the original cost of each class of investment property, accumulated depreciation and impairment, if any, in respect of the same may be provided by the Company as a Note.
(b)
Investment in equity instruments (give details separately for fully / partly paid up instruments)
(i) of subsidiaries
(ii) of associates
(iii) of joint venture companies
(iv) of controlled special purpose entities
(v) of other entities (give details)
GN 8.7.2.4
BS 6.K.i.c
GN 8.7.2.7
As at 31 March, 20X2
Quoted
`
(c)
Investment in preference shares (give details separately for fully / partly paid up shares)
(i) of subsidiaries
(ii) of associates
(iii) of joint venture companies
(iv) of controlled special purpose entities
(v) of other entities (give details)
GN 8.7.2.4
BS 6.K.i.d
BS 6.K.i.e
GN 8.7.2.7
(e)
Investment in debentures or bonds (give details separately for fully / partly paid up debentures / bonds)
(i) of subsidiaries
(ii) of associates
(iii) of joint venture companies
(iv) of controlled special purpose entities
(v) of other entities (give details)
GN 8.7.2.4
BS 6.K.i.f
(f)
BS 6.K.i.g
GN 8.7.2.9
Quoted
`
Unquoted
`
Total
`
Particulars
Ref. No.
BS 6.K.i.h
GN 8.7.2.7
GN 8.7.2.9
As at 31 March, 20X2
Quoted
`
Unquoted
`
As at 31 March, 20X1
Total
`
Quoted
`
Unquoted
`
Total
`
BS 6.K.iii.c
GN 8.7.2.3
Total
BS 6.K.iii.a
AS 13.35.e
GN 8.7.2.6
BS 6.K.iii.a
AS 13.35.e
BS 6.K.iii.b
AS 13.35.e
1
2
Names of partners in
the firm
Total
capital
As at 31 March, 20X1
Total capital
i
i
The portion of long-term investment as per AS 13 which is expected to be realised within twelve months from the Balance Sheet date needs to be shown as current investment.
In case of other than temporary diminution in the value of long-term investments, the carrying value of each investment may be stated at cost less the provision made for such diminution. [Illustrative disclosure: 5,000 (As at 31 March, 20X1: 5,000) equity shares of ` 10 each fully
paid up in ABC Ltd. {Net-off provision for other than temporary diminution ` 25,000 (As at 31 March, 20X1: ` 25,000)}]. If such presentation is opted, the above format should be suitably modified. Further, the basis of valuation stated for investments should be changed from "At
cost" to "At cost unless stated otherwise" and the aggregate of provision made for other than temporary diminution in the value of long-term investments should be disclosed separately.
A Limited Liability Partnership (LLP) is a body corporate and not a partnership firm as envisaged under the Partnership Act, 1932. Hence, disclosures pertaining to investments in partnership firms will not include investments in LLPs. The investments in LLPs will be disclosed
separately under other investments. Also, other disclosures prescribed for investment in partnership firms, need not be made for investments in LLPs.
GN 8.7.2.4
GN 8.7.2.7
GN 8.7.2.5
GN 8.7.2.3
AS 13.35.d
? 1. Names of each body corporate in which the Company has made investment need to be given along with the number and face value of shares and whether the shares are fully paid or partly paid.
? 2. Investments that are not carried at cost should be stated separately specifying the basis of valuation thereof (At cost less provision for other than temporary diminution; Lower of cost and fair value).
? 3. The value of each long-term investment should be carried at cost less provision for other than temporary diminution in the value thereof. It is recommended to disclose the amount of provision netted-off for each long-term investment.
? 4. If there are any significant restrictions on the right of ownership, realisability of investments or the remittance of income and proceeds of disposal, the same should be disclosed separately in the financial statements.
BS 6.L.ii
(e) Prepaid expenses - Unsecured, considered good (For e.g. Insurance premium,
Annual maintenance contracts, etc.)
BS 6.L.ii
BS 6.L.ii
BS 6.L.ii
BS 6.L.i
BS 6.L.ii
BS 6.L.ii
BS 6.L.ii
BS 6.L.iii
As at 31 March, 20X2
`
As at 31 March, 20X1
`
i
i
i
BS 6.L.iv
Directors *
Other officers of the Company *
Firms in which any director is a partner (give details per firm)
Private companies in which any director is a director or member (give details per
company)
GN 8.7.3
? *Or any of them either severally or jointly with any other person to be stated separately.
As at 31 March, 20X2
As at 31 March, 20X1
As at 31 March, 20X1
`
BS 6.M.iii
BS 6.M.iii
BS 6.M.iii
BS 6.M.iii
AS 16.4
As at 31 March, 20X2
`
BS 6.M.ii
(d) Others @
(i) Insurance claims
(ii) Receivables on sale of fixed assets
(iii) Contractually reimbursable expenses
(iv) Others (specify nature)
Total
# Trade receivables are dues in respect of goods sold or services rendered in the normal course of business.
@ Cash and cash equivalents that are restricted from being exchanged or used to settle a liability for more than 12 months from the
Balance Sheet date should be classified under Non-current assets.
In addition to long-term trade receivables, in case any other amount classified under this category is doubtful, it is advisable that such
doubtful amount as well as any provision made there against is separately disclosed.
BS 6.M.iii
As at 31 March, 20X2
`
Directors *
Other officers of the Company *
Firms in which any director is a partner (give details per firm)
Private companies in which any director is a director or member (give
details per company)
GN 8.7.4
? *Or any of them either severally or jointly with any other person to be stated separately.
As at 31 March, 20X1
`
GN 7.4
GN 7.4.2
Particulars
Ref. No.
BS 6.N.ii.a
Quoted #
`
A.
BS 6.N.ii.d
GN 8.7.2.3
GN 8.7.2.5
BS 6.N.i.a
GN 8.7.2.7
GN 8.7.2.4
BS 6.N.i.b
GN 8.7.2.7
GN 8.7.2.4
B.
Other current investments (At lower of cost and fair value, unless otherwise stated)
(a) Investment in equity instruments (give details separately for fully / partly paid up instruments)
(i) of subsidiaries
(ii) of associates
(iii) of joint venture companies
(iv) of controlled special purpose entities
(v) of other entities (give details)
(b) Investment in preference shares (give details separately for fully / partly paid up shares)
(i) of subsidiaries
(ii) of associates
(iii) of joint venture companies
(iv) of controlled special purpose entities
(v) of other entities (give details)
BS 6.N.i.c
BS 6.N.i.d
GN 8.7.2.7
(d) Investment in debentures or bonds (give details separately for fully / partly paid up
debentures / bonds)
(i) of subsidiaries
(ii) of associates
(iii) of joint venture companies
(iv) of controlled special purpose entities
(v) of other entities (give details)
GN 8.7.2.4
BS 6.N.i.e
As at 31 March, 20X2
Unquoted #
`
Total
`
Quoted
`
As at 31 March, 20X1
Unquoted
`
Total
`
GN 7.4
GN 7.4.2
Particulars
Ref. No.
BS 6.N.i.f
GN 8.7.2.9
BS 6.K.i.g
GN 8.7.2.7
GN 8.7.2.9
Quoted
`
As at 31 March, 20X2
Unquoted
`
Total
`
Quoted
`
As at 31 March, 20X1
Unquoted
`
Total
`
Aggregate provision for diminution (write down) in the value of other current investments
Notes: (i) Other details relating to investment in partnership firms
As at 31 March, 20X2
BS 6.N.i.f
GN 8.7.2.8
GN 8.7.2.9
Names of
partners in the
firm
Total
capital
Share of each
partner in the profits
of the firm
As at 31 March, 20X1
Names of
partners in the
firm
Total capital
1
2
(ii) Current investments includes investments in the nature of "Cash and cash equivalents" (as defined in AS 3 Cash Flow Statements) amounting to ` ___ (As at 31 March, 20X1 ` ___), considered as part of Cash and cash equivalents in the Cash Flow Statement.
i
i
# The term quoted investments has not been defined in the Revised Schedule VI. The expression quoted investment, as defined in the Old Schedule VI, means an investment in respect of which there has been granted a quotation or permission to deal on a
recognized stock exchange, and the expression unquoted investment shall be construed accordingly.
In case of other than temporary diminution in the value of current portion of long-term investments, the carrying value of each investment may be stated at cost less the provision made for such diminution. [Illustrative disclosure: 5,000 (As at 31 March, 20X1: 5,000)
equity shares of ` 10 each fully paid up in ABC Ltd. {Net-off provision for other than temporary diminution ` 25,000 (As at 31 March, 20X1: ` 25,000)}]. If such presentation is opted, the above format should be suitably modified. Further, the basis of valuation stated
for current portion of long-term investments should be changed from "At cost" to "At cost unless stated otherwise" and the aggregate of provision made for other than temporary diminution in the value of all investments classified as current should be disclosed and
not just the provisions relating to the other current investments.
A Limited Liability Partnership (LLP) is a body corporate and not a partnership firm as envisaged under the Partnership Act, 1932. Hence, disclosures pertaining to investments in partnership firms will not include investments in LLPs. The investments in LLPs will
be disclosed separately under other investments. Also, other disclosures prescribed for investment in partnership firms, need not be made for investments in LLPs.
GN 8.7.2.4
GN 8.7.2.7
? 1. Names of each body corporate in which the Company has made investment need to be given along with the number and face value of shares and whether the shares are fully paid or partly paid.
GN 8.7.2.5
? 2. If the basis of valuation of each individual current investment is other than "lower of cost and fair value", the basis of valuation needs to be disclosed.
? 3. The portion of long-term investment as per AS 13 which is expected (as on the Balance Sheet date) to be realised within twelve months from the Balance Sheet date needs to be shown as current investment above.
GN 7.4
GN 7.4.2
Note 17 Inventories
(At lower of cost and net realisable value)
Particulars
AS 2.26.b
BS 6.O.i
BS 6.O.ii
BS 6.O.i
BS 6.O.ii
BS 6.O.i
BS 6.O.ii
BS 6.O.i
BS 6.O.ii
BS 6.O.i
BS 6.O.ii
BS 6.O.i
BS 6.O.ii
BS 6.O.i
BS 6.O.ii
PL 5.iii
GN 10.8.1
As at 31 March, 20X2
`
As at 31 March, 20X1
`
Total
@ Internally manufactured components are excluded from raw materials and classified as:
(a) finished goods, if they are sold without further processing.
(b) work-in-progress or as 'manufactured components subject to further processing' or as 'semi-finished products' or 'intermediate products', if they
are sold only after further processing .
(c) 'manufactured components', if they are sometime sold without further processing and sometimes after further processing.
Under the Revised Schedule VI, there is no need to give quantitative details for any of the items.
Details required to be given under broad heads for work-in-progress should be determined based on the nature of each business and other facts
and circumstances. Normally 10% of total value of work-in-progress is considered as an acceptable threshold for determination of broad heads. Any
other threshold can also be considered taking into account the concept of materiality and presentation of true and fair view of the financial
statements.
As at 31 March, 20X2
As at 31 March, 20X1
Product X1
Product Y1
Product Z1
Other items
GN 8.8.2
? Mode of valuation for each class of inventories should be disclosed, if other than "at lower of cost and net realisable value".
BS 6.P.i
Trade receivables outstanding for a period exceeding six months from the
date they were due for payment #
Secured, considered good
Unsecured, considered good
Doubtful
BS 6.P.ii
BS 6.P.ii
BS 6.P.ii
BS 6.P.iii
BS 6.P
BS 6.P.ii
BS 6.P.ii
BS 6.P.ii
BS 6.P.iii
i
i
BS 6.P.iv
Particulars
As at 31 March, 20X2
As at 31 March, 20X1
Total
@ Trade receivables are dues in respect of goods sold or services rendered in the normal course of business.
# Where no due date is specifically agreed upon, the normal credit period allowed by the Company should be taken into consideration
for computing the due date which may vary depending upon the nature of goods or services sold and the type of customers, etc.
Note: Trade receivables include debts due from:
Particulars
As at 31 March, 20X2
As at 31 March, 20X1
Directors *
Other officers of the Company *
Firms in which any director is a partner (give details per firm)
Private companies in which any director is a director or member (give
details per company)
GN 8.8.3
? *Or any of them either severally or jointly with any other person to be stated separately.
BS 6.Q.i
BS 6.Q.i
BS 6.Q.i
BS 6.Q.ii
BS 6.Q.iii
Particulars
As at 31 March, 20X2
As at 31 March, 20X1
BS 6.Q.i
AS 3.5.1
AS 3.5.2
Of the above, the balances that meet the definition of Cash and cash
equivalents as per AS 3 Cash Flow Statements is
BS 6.Q.v
Notes:
(i) Balances with banks include deposits amounting to ` ____ (As at 31 March, 20X1 ` ____) and margin monies amounting to ` ____ (As
at 31 March, 20X1 ` ____) which have an original maturity of more than 12 months.
BS 6.Q.iv
(ii) Balances with banks - Other earmarked accounts include ` ____ (As at 31 March, 20X1 ` ____) which have restriction on repatriation.
Total
@ Cash and cash equivalents that are restricted from being exchanged or used to settle a liability for more than 12 months from the
Balance Sheet date should be classified under Non-current assets.
BS 6.R.i
GN 6.15
Particulars
BS 6.R.ii
BS 6.R.ii
BS 6.R.ii
BS 6.R.iii
BS 6.R.i
BS 6.R.ii
BS 6.R.ii
BS 6.R.ii
BS 6.R.iii
BS 6.R.i
BS 6.R.ii
BS 6.R.ii
BS 6.R.ii
As at 31 March, 20X2
`
As at 31 March, 20X1
`
BS 6.R.iii
BS 6.R.i
BS 6.R.ii
(d) Prepaid expenses - Unsecured, considered good (For e.g. Insurance premium,
Annual maintenance contracts, etc.)
BS 6.R.i
BS 6.R.ii
BS 6.R.i
BS 6.R.ii
BS 6.R.ii
BS 6.R.ii
BS 6.R.iii
BS 6.R.i
BS 6.R.ii
BS 6.R.ii
BS 6.R.ii
BS 6.R.iii
BS 6.R.iv
Particulars
As at 31 March, 20X2
`
Directors *
Other officers of the Company *
Firms in which any director is a partner (give details per firm)
Private companies in which any director is a director or member (give details per
company)
GN 8.8.5
? *Or any of them either severally or jointly with any other person to be stated separately.
As at 31 March, 20X1
`
As at 31 March, 20X2
`
As at 31 March, 20X1
`
AS 16.4
GN 8.8.6
GN 8.8.6
(d) Others
(i) Insurance claims
(ii) Receivables on sale of fixed assets
(iii) Contractually reimbursable expenses
(iv) Others (specify nature)
Total
GN 8.8.6
? To disclose current assets that do not fit into any other asset category.
In case any amount classified under this category is doubtful, it is advisable that such doubtful amount as well as any provision made
there against is separately disclosed.
GN 9.1.1
GN 9.1.6
GN 9.1.7
GN 9.1.8
GN 9.1.9
(a)
(b)
(c)
Less:
AS 9.10
GN 9.1.2
(d)
Excise duty
Total
Ref. No.
PL 5.ii.d
GN 10.8.1
GN 10.7.b.iv
Note
(i)
Particulars
Sale of products comprises @:
Manufactured goods
Product X
Product Y
Product Z
Others
Total - Sale of manufactured goods
GN 10.8.2
Traded goods
Product M
Product N
Product O
Others
Total - Sale of traded goods
Total - Sale of products
PL 5.ii.c
GN 10.8.3
(ii)
(iii)
Sale of scrap
Duty drawback and other export incentives
Others (specify nature)
# The term 'Other operating revenues' is not defined in the Revised Schedule VI. As per the ICAI guidance note, this would include revenue arising from the
Company's operating activities - principal or ancillary revenue generating activities, but which is not revenue from sale of products or rendering of services.
Net foreign exchange gain should be classified as Other income unless the business of the Company is to deal in foreign exchange.
PL 5.i.c
AS 9.14
? The Company should disclose the circumstances in which revenue recognition has been postponed pending the resolution of significant uncertainties.
Any item of income / expense which exceeds one per cent of the revenue from operations or ` 100,000, whichever is higher, to be disclosed separately.
Ref. No.
Particulars
PL 4.a
PL 5.1.d
AS 13.35.c.i
GN 9.2.2
(a)
PL 4.b
PL 5.i.f
PL 5.vii.a
AS 13.35.c.i
GN 9.2.3
GN 9.2.4
(b)
Dividend income:
from current investments
subsidiaries @
joint ventures
associates
others
from long-term investments
subsidiaries @
joint ventures
associates
others
PL 4.c
PL 5.i.g
AS 13.35.c.ii
AS 13.35.c.iii
(c)
PL 5.i.h
GN 10.1
AS 13.33
(d)
current investments
long-term investments
AS 13.35.c.ii
AS 13.35.c.iii
Adjustments to the carrying amount of investments - reversal of reduction in the carrying amount of:
current investments
long-term investments
PL 5.i.i
GN 9.1.9
GN 10.2
AS 11.40.a
(e)
Net gain on foreign currency transactions and translation (other than considered as finance cost)
PL 4.d
(f)
Other non-operating income (net of expenses directly attributable to such income) (Refer Note (ii) below)
Total
Ref. No.
PL 5.i.d
AS 13.35.c.i
GN 9.2.2
GN 9.2.4
Note
(i)
Particulars
Note
(ii)
AS 13.35.c.i
AS 19.40
AS 10.26
GN 9.1.8
GN 9.2.5
Particulars
GN 9.3
GN 9.3.8
GN 9.4
PL 5(v)(b)
GN 10.11
PL 5(i)(l)
AS 5.15
GN 9.2.5
Miscellaneous income [net of expenses directly attributable ` ___ (Year ended 31 March, 20X1 ` ___)]
(iii)
Total
@ The old Schedule VI specifically required the parent company to recognise dividend declared by subsidiary companies even if declared after the Balance Sheet date if it related to the
period covered by the financial statements. The Revised Schedule VI does not prescribe such a requirement. Consequently, dividend income should be recognised as per the provisions of AS
9 Revenue Recognition i.e., only when the right to receive the same is established. In the first year of adoption of the Revised Schedule VI, this would need to be considered as a change in
accounting policy and disclosed accordingly, where applicable.
# Share of profit from partnership firms and AOPs accrue the moment the same is computed and credited or debited to the partners' capital / current account. If the partnership / AOP is in the
nature of a jointly controlled operation as defined in AS 27 Financial Reporting of Interests in Joint Ventures, the share of income, expenses, assets or liabilities will have to be accounted in
the standalone financial statements as prescribed in AS 27.
* A Limited Liability Partnership is a body corporate and the share of profit / loss in the LLP does not accrue to the partners till the same is transferred to the partners' capital / current account
as per the terms of the LLP agreement.
PL 5(i)(c)
GN 9.2.4
? Any item of income which exceeds one per cent of the revenue from operations or ` 100,000, whichever is higher, to be disclosed.
? Other Income items such as interest income, dividend income, rental and net gain / loss on sale of investments should be disclosed separately for Current as well as Long-term
investments as required by AS 13 Accounting for Investments.
t
Name of the Company
Notes forming part of the financial statements
GN 9.5.1
GN 10.5 to 10.8
Ref. No.
Opening stock
Add: Purchases
Less: Closing stock
Cost of material consumed
PL 5.ii.(a)(1)
GN 9.5.1.1
GN 9.5.1.2
GN 9.5.1.3
GN 9.5.1.4
GN 9.5.1.5
GN 9.5.1.6
GN 9.5.1.7
GN 9.5.2
GN 10.5 to 10.8
Ref. No.
PL 5.ii.(a)(2)
PL 5.ii.(b)
Traded good M
Particulars
Traded good N
Traded good O
Other items
Total
GN 9.5.3
GN 10.5 to 10.8
Ref. No.
PL 5.iii
Particulars
t
Name of the Company
Notes forming part of the financial statements
GN 9.5.1
GN 10.5 to 10.8
Ref. No.
Particulars
@ The following guidance summarised based on the guidance note on the Revised Schedule VI may be considered in determining the
presentation and disclosure of material consumption, traded goods and changes in inventories.
(i) Where materials consumed consists of raw materials, packing materials (where classified by the Company as part of raw
materials) and other materials such as purchased intermediaries and components which are consumed in the manufacturing
activities, it is preferable to show the description as 'Raw materials (including purchased components and packing materials)
consumed'.
(ii) Consumption of packing materials which are not classified by the Company as part of raw materials should be disclosed
separately under Note 27 Other expenses.
(iii) Internally manufactured components are excluded from raw materials and classified as:
(a) Finished goods, if they are sold without further processing.
(b) Work-in-progress or as 'manufactured components subject to further processing' or as 'semi-finished products' or 'intermediate
products', if they are sold only after further processing .
(c) 'Manufactured components', if they are sometime sold without further processing and sometimes after further processing.
(iv) Where the consumption is disclosed on the basis of actual records of issue, any shortages, losses and wastages which are
beyond the normally accepted limits established by the Company should not be disclosed as part of materials consumed and
should be disclosed under Note 27 Other expenses.
Under the Revised Schedule VI, there is no need to give quantitative details for any of the items.
Details required to be given under broad heads for raw material consumed, purchase of traded goods, sales / service and work-in-progress
should be determined based on the nature of each business and other facts and circumstances. Normally 10% of total value of
consumption of raw material, purchase of traded goods, sales / service and work-in-progress, respectively, is considered as an acceptable
threshold for determination of broad heads. Any other threshold can also be considered taking into account the concept of materiality and
presentation of true and fair view of the financial statements.
Ref. No.
PL 5.(i)(a)
GN 9.5.4.1
GN 9.5.4.2
GN 9.5.4.3
GN 9.5.4.4
Particulars
i
i
Employee would deem to include directors, in full time or part time employment of the Company, but would exclude directors who are not under a contract
of employment with the Company.
@ Contribution to provident fund and other funds would include contributions to other funds like gratuity fund, superannuation fund, etc. pertaining to
employees. Contributions to ESIC, Labour Welfare Fund and other such funds where the benefit an employee derives is not directly linked to the
contributions made on his behalf are to be grouped as part of Staff welfare expenses.
Where gratuity is not funded, the gratuity expense needs to be disclosed separately.
Penalties and other similar amounts paid to the statutory authorities are not in the nature of 'contribution' and should not be included above.
* Expense on ESOP scheme - Refer ICAI Guidance Note on Accounting for Employee Share Based Payments and / or SEBI (Employee Stock Option Scheme
and Employee Stock Purchase Scheme) Guidelines, 1999, as applicable.
** Staff welfare expenses would include contribution / accrual for post-employment medical benefits, ESIC, Labour Welfare Fund, etc.
Ref. No.
PL 3 (a)
PL 5.i.(e)
GN 9.5.5 A
GN 9.8.1.3
Particulars
(i) Borrowings
(ii) Trade payables
(iii) Others
- Interest on delayed / deferred payment of income tax
- Others (give details)
PL 3 (b)
GN 9.5.5 B
PL 3 (c)
GN 9.5.5 C
AS 16.4.e
(c) Net (gain) / loss on foreign currency transactions and translation (considered as finance cost)
Total
@ Other borrowing costs would include commitment charges, loan processing charges, guarantee charges, loan facilitation charges, discounts / premiums on borrowings,
other ancillary costs incurred in connection with borrowings or amortisation of such costs, etc.
PL 5 (vi)(a)
PL 5 (vi)(b)
PL 5 (vi)(c)
PL 5 (vi)(d)
PL 5 (vi)(e)
PL 5 (vi)(g)
PL 5 (vi)(h)
GN 6.7
PL 5(i)(j)
GN 10.3
PL 5.i.i
GN 10.2
AS 11.40.a
AS 10.26
AS 28.121.b
PL 4.c
PL 5.i.g
AS 13.35.c.ii
AS 13.35.c.iii
PL 5 (vii)(b)
GN 10.12
PL 5.i.h
GN 10.1
AS 13.35.c.ii
AS 13.35.c.iii
PL 5(v)(a)
PL 5(v)(b)
GN 10.11
AS 5.15
PL 5 (vi)(i)
i
i
i
Wealth tax and penalties levied under Income Tax laws should not be classified as current tax and should be disclosed under Note 27 Other expenses as part of
Rates and taxes.
Certain donations need to be disclosed as required under Section 293A / 293B of the Companies Act, 1956.
Notes:
Particulars
PL 5(i)(j)
GN 10.3
(i) Payments to the auditors comprises (net of service tax input credit, where applicable):
As auditors - statutory audit
For taxation matters
For company law matters
For management services
For other services
Reimbursement of expenses
Total
Payments for
- taxation matters would include tax audit fees, certifications under the Income Tax Act, tax advisory services, etc.
- company law matters would include certifications (e.g. certificate for buy-back of shares, etc.), company law advisory services, etc.
- other services would include limited reviews, group reporting, other attest services and certifications under other laws, etc.
PL 5(i)(l)
GN 10.4
PL5(i)(c)
? * Any item of expenditure which exceeds 1% of the revenue from operations or ` 100,000/- whichever is higher should be disclosed. Items which do not meet
Total
the criteria may be included as part of Miscellaneous expenses.
Ref. No.
PL 5.i.k
AS 5.12
AS 5.13
AS 5.14
i
GN 9.7
Particulars
(Give details)
Total
@ Exceptional items are items of income and expenses which are of such size, nature or incidence that their disclosure (giving
details) is relevant to explain the performance of the Company.
Ref. No.
Particulars
PL 5.i.k
AS 5.4.2
AS 5.8
(Give details)
AS 12.20
Total
# Extraordinary items are income and expenses that arise from events or transactions that are clearly distinct from ordinary
activities of the Company and are not expected to recur frequently or regularly.
Particulars
29.1
29.2
BS 6.A.h
GN 8.1.3
BS 6.A.h
GN 8.2
Give details of the terms and conditions, number of shares proposed to be issued, the amount of premium, if any, the period before which the shares are to be
allotted, whether the Company has sufficient authorised capital to allot the shares and the period beyond which the share application money is pending allotment with
the reasons therefor, where applicable.
GN 8.2.3
As at 31 March, 20X2
`
BS 6.T.i
AS 29.68
GN 8.8.7.1
29.3
(i)
As at 31 March, 20X1
`
Contingent liabilities and commitments (to the extent not provided for)
Contingent liabilities
(a) Claims against the Company not acknowledged as debt (give details)
GN 8.8.7.2
AS 29.71
? The Company should disclose for each class of contingent liability, the estimated financial effect, the uncertainties relating to any outflow, the possibility of any
reimbursement and any asset recognised therefor. If the Company is unable to disclose this information because it is not practicable to do so, that fact should be
disclosed.
AS 29.72
BS 6.T.ii
GN 8.8.7.3
In extremely rare cases, disclosures of some or all information relating to contingent liabilities that are required to be presented may prejudice seriously the
position of the Company. In such cases, the Company need not disclose the information but should disclose the general nature of the dispute, together with the fact
that, the information has not been disclosed and the reason therefor.
(ii)
Commitments #
(a) Estimated amount of contracts remaining to be executed on capital account and not provided
for
AS 26.94.d
GN 8.8.7.4
GN 8.8.7.6
Tangible assets
Intangible assets
(b) Uncalled liability on shares and other investments partly paid
(c) Other commitments (specify nature)
As at 31 March, 20X2
As at 31 March, 20X1
GN 6.13
Ref. No.
@ A contingent liability in respect of guarantees arises when the Company issues guarantees to another person on behalf of a third party. However, where the
Company undertakes to perform its own obligations, and for this purpose issues, what is called a 'guarantee', it does not represent a contingent liability and it would
be misleading to show such items as contingent liabilities in the Balance Sheet. It is also customary for guarantees to be issued by its bankers on behalf of the
Company. For this purpose, the Company issues a 'counter-guarantee' to its bankers. Such 'counter-guarantee' is not really a guarantee at all, but is an undertaking to
perform what is in any event the obligation of the Company. Hence, such performance guarantees and counter guarantees should not be disclosed as contingent
liabilities.
# The word commitment has not been defined in the Revised Schedule VI. 'Other commitments' would include all expenditure related contractual commitments such
as commitments arising from long-term contracts for purchase of raw material, employee contracts, lease commitments, etc. The scope of such terminology is very
wide and may include contractual commitments for purchase of inventory, services, investments, sales, employee contracts, etc. However, to give disclosure of all
contractual commitments would be contrary to the overarching principle under General Instructions that a balance shall be maintained between providing excessive
detail that may not assist users of financial statements and not providing important information as a result of too much aggregation. Accordingly, the disclosures
required to be made for other commitments should include only those non-cancellable contractual commitments (i.e. cancellation of which will result in a penalty
disproportionate to the benefits involved) based on the professional judgment of the Management which are material and relevant in understanding the financial
statements of the Company and impact the decision making of the users of financial statements. Examples may include commitments in the nature of buy-back
arrangements, commitments to fund subsidiaries and associates, non-disposal of investments in subsidiaries and undertakings, derivative related commitments, etc.
BS 6.V
GN 8.8.7.8
Particulars
29.4
Details of unutilised amounts out of issue of securities made for specific purpose
The Company had issued securities (specify type of security) amounting to ` ____ for purposes of _____. As at 31 March, 20X2, an amount of ` ____ (31 March,
20X1 ` ____) is pending utilisation in future periods / is no longer required for the said purpose consequent to completion of the specified activity. Accordingly, the
unutilised amount has been invested in term deposits with banks (specify any other nature) / used in the operations of the Company for acquisition of other assets /
investments / to meet its working capital requirements.
GN 6.8
GN 8.4.2
GN 8.4.3
29.5
Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006
Particulars
As at 31 March, 20X2
`
As at 31 March, 20X1
`
(i) Principal amount remaining unpaid to any supplier as at the end of the accounting year
(ii) Interest due thereon remaining unpaid to any supplier as at the end of the accounting year
(iii) The amount of interest paid along with the amounts of the payment made to the supplier
beyond the appointed day
(iv) The amount of interest due and payable for the year
(v) The amount of interest accrued and remaining unpaid at the end of the accounting year
(vi) The amount of further interest due and payable even in the succeeding year, until such date
when the interest dues as above are actually paid
Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management.
This has been relied upon by the auditors.
Listing Clause
GN 6.9
29.6
Disclosure as per Clause 32 of the Listing Agreements with the Stock Exchanges
Loans and advances in the nature of loans given to subsidiaries, associates and others and investment in shares of the Company by such parties:
Name of the party
Relationship
Amount outstanding as at
31 March, 20X2
AAA
(XXX)
BBB
(YYY)
GN 6.13
Ref. No.
Other Ann / Gn
GN 6.9
Particulars
Details on derivatives instruments and unhedged foreign currency exposures
I. The following derivative positions are open as at 31 March, 20X2. These transactions have been undertaken to act as economic hedges for the Companys
exposures to various risks in foreign exchange markets and may / may not qualify or be designated as hedging instruments. The accounting for these transactions is
stated in Notes 2.11, 2.26 and 2.27.
(a) Forward exchange contracts and options [being derivative instruments], which are not intended for trading or speculative purposes but for hedge purposes to
establish the amount of reporting currency required or available at the settlement date of certain payables and receivables.
(i) Outstanding forward exchange contracts entered into by the Company as on 31 March, 20X2
Currency
Amount
AUD
XXX
AUD
(AAA)
USD
YYY
USD
(ZZZ)
Note: Figures in brackets relate to the previous year
Buy / Sell
Buy
Buy
Sell
Sell
Cross currency
Rupees
Rupees
Rupees
Rupees
(ii) Outstanding option contracts entered into by the Company as on 31 March, 20X2
Currency
Amount
AUD
XXX
AUD
(AAA)
USD
YYY
USD
(ZZZ)
Note: Figures in brackets relate to the previous year
Buy / Sell
Buy
Buy
Sell
Sell
Cross currency
Rupees
Rupees
Rupees
Rupees
(b) Interest rate swaps to hedge against fluctuations in interest rate changes: No. of contracts: Nil
(As at 31 March, 20X1: Nil )
(c) Currency swaps (other than forward exchange contracts stated above) to hedge against fluctuations in changes in exchange rate. No. of contracts: Nil (As at 31
March, 20X1: Nil)
II. The year-end foreign currency exposures that have not been hedged by a derivative instrument or otherwise are given below:
As at 31 March, 20X2
As at 31 March, 20X1
Receivable/
Receivable/ (Payable)
Receivable/
Receivable/ (Payable)
(Payable)
in Foreign currency
(Payable)
in Foreign currency
(indicate amount with
(indicate amount with
`
`
currency)
currency)
GN 6.9
29.8
Disclosure required in terms of Clause 13.5A of Chapter XIII on Guidelines for preferential issues, SEBI (Disclosure and Investor Protection) Guidelines,
2000
During the year ended
31 March, 20X2
Particulars
`
aaa
bbb
xxx
ppp
qqq
rrr
xyz
As at 31 March, 20X2
`
Building
Plant and machinery
Office equipment
Vehicles
Others (give details)
Total
As at 31 March, 20X1
`
GN 6.13
Ref. No.
PL 5(viii)(a)
GN 11.1
Particulars
Raw materials
Components
Spare parts
Total Components and spare parts
Capital goods
@ The following guidance, summarised based on the ICAI Guidance Note on Revised Schedule VI, may be considered in presenting the disclosures under this
clause:
(a) The total value of imported components and spare parts may be presented in the aggregate or sub-classified and presented. Where records of raw materials and
components are maintained together, the information relating to components may be presented together with raw materials.
(b) The clause requires only disclosure of imported spare parts and not stores. If it is not practical for the Company to segregate imported stores and spare parts, the
total value of import of stores and spare parts may be shown clearly describing that the value disclosed relates to imported stores and spare parts.
(c) The disclosure relates to imports of goods and not consumption. The disclosure should be made on accrual basis. Accordingly, the disclosure should include goods
in transit. The disclosure should also be made irrespective of whether the imports have resulted in an expenditure in foreign currency. The disclosure should be made
in Indian Rupees.
(d) Disclosure is with regard to 'direct' imports by the Company.
PL 5 (viii)(b)
GN 11.2
PL 5(viii)(c)
GN 11.3
29.11
Royalty
Know-how
Professional and consultation fees
Interest
Other matters
# The following guidance, summarised based on the ICAI Guidance Note on Revised Schedule VI, may be considered in presenting the disclosures under this clause:
(a) The disclosure should be made on accrual basis on the gross amount of expenditure (i.e. the expenditure before withholding taxes, where applicable).
(b) Disclosure should be made only in respect of those items where the Company itself incurs the foreign currency expenditure. Where an expenditure involves
foreign currency but the original payment by the Company itself is in Rupees, no disclosure is necessary.
PPP
(XXX)
q%
(a%)
Components
PPP
(YYY)
q%
(b%)
Spare parts
PPP
(ZZZ)
q%
(c%)
RRR
(PPP)
ad%
(bc%)
Imported
Raw materials
Total
GN 6.13
Ref. No.
Particulars
Indigenous
%
t%
(r%)
Components
SSS
(AAA)
t%
(s%)
Spare parts
SSS
(BBB)
t%
(t%)
MMM
(FFF)
np%
(st%)
Raw materials
Total
PL 5.(viii).(e)
GN 11.5
i
PL 5.(viii).(d)
GN 11.4
29.14 Amounts remitted in foreign currency during the year on account of dividend ##
i
BS 6.W
GN 8.8.7.9
29.15
? If, in the opinion of the Board, any of the assets other than fixed assets and non-current investments do not have a value on realisation in the ordinary course of
business at least equal to the amount at which they are stated, the fact that the Board is of that opinion, shall be stated.
Ref. No.
Note
AS 7
AS 7.38.a
AS 7.39.a
30.1
AS 7.39.b
AS 7.39.c
AS 7.41.a
AS 7.41.b
Particulars
AS 12
AS 12.23.ii
30.2
Particulars
30.2.a
30.2.b
The Company has received certain equipments and facilities free of cost from ____ towards
carrying on research and development. These assets are required to be returned on completion
of the specified activity.
Ref. No.
Note
AS 14
30.3
AS 14.43
Particulars
Details of amalgamations
In terms of the Scheme of Arrangement (the Scheme), __________ and __________________, both subsidiaries of the Company (referred to as Transferor Companies), have
been merged with the Company (Transferee Company), upon which the undertaking and the entire business, including all assets and liabilities of the Transferor Companies stand
transferred to and vested in the Transferee Company at their fair value as determined by the Board of Directors of the Transferee Company (or alternatively at their book values).
____ and ______ were engaged in the manufacture of _________________ and were predominantly acting as a captive manufacturer for the Company.
The Scheme of Arrangement filed by the Company has been approved by the Honourable High Courts of Judicature at Mumbai, Chennai and Bangalore with an appointed date of
1 January, 200X and an effective date of 31 December, 200X (the Effective Date), being the date on which all the requirements under the Companies Act, 1956 have been
completed.
Pursuant to the Scheme, the Company allotted ____ equity shares of ` __/- each (__% of shares in the Transferor Company and ___% of shares in the Transferee Company) to
the minority shareholders in the Transferor Companies.
AS 14.45
Details of assets and liabilities acquired on amalgamation and treatment of the difference between the net assets acquired and cost of investment by the Transferee Company in
the Transferor Companies together with the shares issued to the minority shareholders:
Year ended
31 March, 20X2
Value of assets and liabilities acquired:
Fixed assets
Net current assets (give details)
Secured loans
Unsecured loans
Less:
Carrying value of investments in the Transferor Companies
Value of shares of the Company issued to the minority shareholders
Difference considered as goodwill / capital reserve
`
aaa
bbb
ccc
ddd
XXX
eee
hhh
YYY
QQQ
Ref. No.
Note
AS 15
AS 15.47
30.4
30.4.a
In case the company has contributions to foreign defined contribution plans and benefit plans, the details of the same should be disclosed.
i
AS 15.120.b
Particulars
30.4.b
AS 15.120.g
Gratuity
`
Year ended 31 March, 20X1
Post-employment medical Other defined benefit
benefits
plans (specify nature)
Particulars
Gratuity
AS 15.120.c
AS 15.120.e
AS 15.120.k
AS 15.120.h
AS 15.120.l
AS 15.120.j
AS 15.120.o
Actuarial assumptions
Discount rate
Expected return on plan assets
Salary escalation
Attrition
Medical cost inflation
Mortality tables
Performance percentage considered
Estimate of amount of contribution in the immediate next year
Gratuity
`
Year ended 31 March, 20X1
Post-employment medical Other defined benefit
benefits
plans (specify nature)
Particulars
The discount rate is based on the prevailing market yields of Government of India securities as at the Balance Sheet date for the estimated term of the obligations.
The estimate of future salary increases considered, takes into account the inflation, seniority, promotion, increments and other relevant factors.
Effect of a 1% change in health care cost
AS 15.120.m
Increase by 1%
31 March, 20X2
Decrease by 1%
31 March, 20X1
Increase by 1%
Decrease by 1%
Experience adjustments
20X2-20X1
20X1- 20X0
Gratuity
Present value of DBO
Fair value of plan assets
Funded status [Surplus / (Deficit)]
Experience gain / (loss) adjustments on plan liabilities
Experience gain / (loss) adjustments on plan assets
Post Employment medical Benefits
Present value of DBO
Fair value of plan assets
Funded status [Surplus / (Deficit)]
Experience gain / (loss) adjustments on plan liabilities
Experience gain / (loss) adjustments on plan assets
Other defined benefit plans (specify nature)
Present value of DBO
Fair value of plan assets
Funded status [Surplus / (Deficit)]
Experience gain / (loss) adjustments on plan liabilities
Experience gain / (loss) adjustments on plan assets
`
4th prior year
Ref. No.
Note
AS 16
AS 16.23.b
30.5
Particulars
Particulars
30.6
Segment information
The Company has identified business segments as its primary segment and geographic segments as its secondary segment. Business segments are primarily ______________ and
___________. Revenues and expenses directly attributable to segments are reported under each reportable segment. Expenses which are not directly identifiable to each reportable
segment have been allocated on the basis of associated revenues of the segment and manpower efforts. All other expenses which are not attributable or allocable to segments have been
disclosed as unallocable expenses. Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and liabilities
are disclosed as unallocable. Fixed assets that are used interchangeably amongst segments are not allocated to primary and secondary segments. Geographical revenues are allocated
based on the location of the customer. Geographic segments of the Company are Americas (including Canada and South American countries), Europe, India and Others.
Particulars
AS 17.40.a
Revenue
AS 17.40.a
Inter-segment revenue
Total
AS 17.40.b
Segment result
Unallocable expenses (net)
Operating income
Other income (net)
AS 17.46
Profit before taxes
Tax expense
Net profit for the year
Total
`
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
AS 17.40.c
Particulars
Segment assets
Unallocable assets
AS 17.46
Total assets
AS 17.40.d
Segment liabilities
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
Unallocable liabilities
Total liabilities
Other information
Capital expenditure (allocable)
AS 17.46
AS 17.40.f
AS 17.46
AS 17.40.g
AS 17.46
`
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
AS 17.46
AS 17.40.e
Total
Particulars
The geographic segments individually contributing 10 percent or more of the Companys revenues and segment assets are shown separately:
Geographic Segment
Revenues
For the year ended
31 March, 20X2
Segment assets
As at
31 March, 20X2
Capital expenditure
incurred during the year
ended
31 March, 20X2
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
Americas
Europe
India
Others
Ref. No.
Note
AS 18
GN 6.15
30.7
30.7.a
AS 18.21
AS 18.23
Particulars
Related party transactions
Details of related parties:
Description of relationship
AA Ltd.
A Ltd.
AA Ltd.
B Ltd. and C (P) Ltd.
D Ltd. and Q Ltd.
Associates
Key Management Personnel (KMP)
Relatives of KMP
Company in which KMP / Relatives of KMP can exercise significant influence
AS 18.24
AS 18.26
30.7.b
Ultimate Holding
Company
? Party-wise details - aggregation to be done only if the related party is < 10 % of the total
Holding
Company
Subsidiaries
`
Fellow Subsidiaries
Associates
KMP
Total
amount of that particular type of transaction - e.g. purchases. Also note that in some cases even less than 10% will be required to be disclosed and such
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
(XXX)
(XXX)
(XXX)
(XXX)
(XXX)
(XXX)
(XXX)
(XXX)
YYY
YYY
YYY
YYY
YYY
YYY
YYY
YYY
YYY
(XXX)
(XXX)
(XXX)
(XXX)
(XXX)
(XXX)
(XXX)
(XXX)
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
Ref. No.
Note
AS 19
GN 8.8.7.5
30.8
AS 19.46
AS 19.46.d
30.8.a
Particulars
AS 19.46.b
AS 19.46.c
AS 19.46.a
AS 19.37.f
AS 19.37.a
30.8.b
The Company has entered into finance lease arrangements for certain equipments and vehicles.
Future minimum lease payments and reconciliation of gross investment in the lease and present value of minimum lease payments
Future minimum lease payments
not later than one year
later than one year and not later than five years
later than five years
AS 19.37.b
AS 19.37.a
AS 19.37.c
AS 19.37.d
AS 19.37.e
AS 19.22.f
30.8.c
AS 19.22.c
As Lessee
The Company has entered into finance lease arrangements for certain equipments and vehicles, which provide the Company an
option to purchase the assets at the end of the lease period.
Reconciliation of minimum lease payments
Future minimum lease payments
not later than one year
later than one year and not later than five years
later than five years
Less: Unmatured finance charges
Present value of minimum lease payments payable
not later than one year
later than one year and not later than five years
later than five years
AS 19.22.d
As 19.22.e
AS 19.25.e
30.8.d
The Company has entered into operating lease arrangements for certain facilities and office premises. The leases are non-cancellable
and are for a period of ___ to ____ years and may be renewed for a further period of ___ years based on mutual agreement of the
parties. The lease agreements provide for an increase in the lease payments by __ to ___% every ____ years.
AS 19.25.a
AS 19.25.c
AS 19.25.c
AS 19.25.b
AS 19.25.d
Sublease payments received / receivable recognised in the Statement of Profit and Loss
AS 19.22.f.iii
? Restrictions imposed by lease arrangements, such as those concerning dividends, additional debt and further leasing should be
disclosed.
AS 20
30.9
Particulars
AS 20.11
AS 20.11
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS.20.50
30.9.a
30.9.b
AS 20.11
AS 20.11
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
30.9.c
AS 20.11
AS 20.48.i
AS 20.11
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS.20.48.i
30.9.d
Total operations
Net profit / (loss) for the year
Less: Preference dividend and tax thereon
Net profit / (loss) for the year attributable to the equity shareholders
Weighted average number of equity shares
Par value per share
Earnings per share - Basic
Basic (excluding extraordinary items)
Continuing operations
Net profit / (loss) for the year from continuing operations
(Add) / Less: Extraordinary items (net of tax) relating to continuing operations
Less: Preference dividend and tax thereon
Net profit / (loss) for the year from continuing operations attributable to the equity shareholders, excluding extraordinary
items
Weighted average number of equity shares
Par value per share
Earnings per share from continuing operations, excluding extraordinary items - Basic
AS 20.11
AS 20.48.i
AS 20.11
AS 20.48.ii
Total operations
Net profit / (loss) for the year
(Add) / Less: Extraordinary items (net of tax)
Less: Preference dividend and tax thereon
Net profit / (loss) for the year attributable to the equity shareholders, excluding extraordinary items
AS 20.48.ii
AS 20.48.ii
AS.20.48.i
AS 20.11
AS 20.11
AS 20.48.ii
30.9.e
Continuing operations
Net profit / (loss) for the year from continuing operations
Less: Preference dividend and tax thereon
Net profit / (loss) for the year attributable to the equity shareholders from continuing operations
AS 20.29
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS.20.50
30.9.f
AS 20.11
AS 20.11
AS 20.48.ii
AS 20.29
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
30.9.g
AS 20.11
AS 20.48.i
AS 20.11
AS 20.48.ii
AS 20.29
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS.20.50
30.9.h
AS 20.11
AS 20.48.i
AS 20.11
AS 20.48.ii
Particulars
Total operations
Net profit / (loss) for the year
Less: Preference dividend and tax thereon
Net profit / (loss) for the year attributable to the equity shareholders
Add: Interest expense and exchange fluctuation on convertible bonds (net)
Profit / (loss) attributable to equity shareholders (on dilution)
Weighted average number of equity shares for Basic EPS
Add: Effect of Warrants, ESOPs and Convertible bonds which are dilutive
Weighted average number of equity shares - for diluted EPS
Par value per share
Earnings per share - Diluted
Diluted (excluding extraordinary items)
Continuing operations
Net profit / (loss) for the year from continuing operations
(Add) / Less: Extraordinary items (net of tax)
Less: Preference dividend and tax thereon
Net profit / (loss) for the year from continuing operations attributable to the equity shareholders, excluding extraordinary
items
Add: Interest expense and exchange fluctuation on convertible bonds (net)
Profit / (loss) from continuing operations attributable to equity shareholders (on dilution)
Weighted average number of equity shares for Basic EPS
Add: Effect of Warrants, ESOPs and Convertible bonds which are dilutive
Weighted average number of equity shares - for diluted EPS
Par value per share
Earnings per share, from continuing operations, excluding extraordinary items - Diluted
Total operations
Net profit / (loss) for the year
(Add) / Less: Extraordinary items (net of tax)
Less: Preference dividend and tax thereon
Net profit / (loss) for the year attributable to the equity shareholders, excluding extraordinary items
AS 20.29
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS 20.48.ii
AS 20.8
? Basic and diluted earnings per share should be presented on the face of the Statement of Profit and Loss for each class of equity shares that has a different right to share in the net
profit for the period.
AS 20.44
? If the number of equity or potential equity shares outstanding increases as a result of bonus issue or share split or decreases as a result of reverse share split, the calculation of basic
and diluted earnings per share should be adjusted for all the periods presented.
AS 22
GN 7.6
AS 22.31
30.10
Particulars
As at 31 March, 20X2
As at 31 March, 20X1
AS 22.31
The Company has recognised deferred tax asset on unabsorbed depreciation to the extent of the corresponding deferred tax liability on the difference between the book balance and
the written down value of fixed assets under Income Tax (or) The Company has recognised deferred tax asset on unabsorbed depreciation and brought forward business losses
based on the Management's estimates of future profits considering the non-cancellable customer orders received by the Company.
The net deferred tax liability / asset should always be classified as non-current and disclosed on the face of the Balance Sheet.
Ref. No.
Note
Particulars
AS 24
AS 24.20
30.11
Discontinuing operations
During the year, pursuant to the approval of the Shareholders and other authorities as required, the Company has transferred the ________ business to _______________ on a slump sale basis with
effect from the close of business on _____________ for a consideration of `______________. The ____ business was reported as part of _____ segment of the Company. The results of the
discontinued business during the year until discontinuation were as under:
AS 24.20.f
As at 31 March, 20X2
`
As at 31 March, 20X1
`
Sale of products
Sale of services
Other operating revenue
Total revenue (A)
AS 24.20.f
AS 24.20.g
AS 24.23.a
AS 24.20.g
AS 24.23.a
Tax expense
- on ordinary activities attributable to the discontinuing operations
- on gain / loss on disposal of assets / settlement of liabilities
AS 24.20.e
Carrying amount of assets as at the Balance Sheet date relating to the discontinued business to be disposed off
AS 24.20.e
Carrying amount of liabilities as at the Balance Sheet date relating to the discontinued business to be settled
AS 24.20.h
Ref. No.
Note
Particulars
AS 26
AS 26.96
30.12
Ref. No.
Note
AS 27
30.13
AS 27.50
Particulars
Interest in joint ventures
The Company has interests in the following jointly controlled entities:
AS 27.51
AS 27.52
AS 27.53
A Ltd. , India (audited)
B Ltd. USA (unaudited)
Note: Figures in brackets relate to the previous year
`
Amount of interest based on accounts for the year ended 31 March, 20X2
% of shareholding
YY
(XX)
YY
(XX)
Assets
Liabilities
Income
Expenditure
Contingent
liabilities
Capital
commitments
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
YYY
(XXX)
Ref. No.
Note
AS 29
PL 5(v)(a)
PL 5(v)(b)
AS 29.66
GN 10.11
30.14
Particulars
Details of provisions
The Company has made provision for various contractual obligations and disputed liabilities based on its assessment of the amount it estimates to incur to meet such obligations, details of which are given below:
Particulars
As at 1 April, 20X1
Additions
Utilisation
Reversal (withdrawn
as no longer required)
As at 31 March, 20X2
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
Total
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
XXX
(XXX)
Particulars
As at 31 March, 20X2
`
YYY
As at 31 March, 20X1
`
YYY
YYY
YYY
YYY
YYY
Gn 50(a)
Particulars
31
a)
In the extraordinary general meeting held on ____, the shareholders approved the issue of ________ options under the Scheme titled _________ ESOP ____ (ESOP A).
The ESOP A allows the issue of options to employees of the Company and its subsidiaries (whether in India or abroad). Each option comprises one underlying equity share.
As per the Scheme, the Remuneration / Compensation Committee grants the options to the employees deemed eligible. The exercise price of each option shall not be less than 85 per cent of the Market Price as
defined in the Scheme. The options granted vest over a period of __ years from the date of the grant in proportions specified in the Scheme. Options may be exercised within __ days of vesting.
Gn 48
Gn 50(a)
The difference between the fair price of the share underlying the options granted on the date of grant of option and the exercise price of the option (being the intrinsic value of the option) representing Stock
compensation expense is expensed over the vesting period.
b)
The ESOP scheme titled _____ ESOP ___ (ESOP B) was approved by the shareholders through postal ballot on __________. ______ options are covered under the scheme for __________shares.
In the previous years, the Remuneration / Compensation Committee of the Company had granted ________ options under the ESOP B to few eligible employees of the Company. During the current year, the
Remuneration / Compensation Committee in its meeting held on _____, _____ and _____ has granted _________, ________ and ________ options respectively under the ESOP B to few eligible employees of the
Company. The options allotted under ESOP B are convertible into equal number of equity shares.
The vesting period of these options range over a period of ___ years. The options may be exercised with in a period of ___ days from the date of vesting.
Gn 50(a)
c)
The ESOP scheme titled _____ ESOP ___ (Directors) [ESOP (Directors)] was approved by the shareholders through postal ballot on _____. _________ options are covered under the scheme for _________ equity
shares.
The Remuneration / Compensation Committee of the Company, had granted ________ options under this scheme to few Directors of the Company. The shares covered by such options were ________ equity shares.
The vesting period of these options range over a period of ____ years. The options may be exercised with in a period of ___ days from the date of vesting.
Gn 50(b)
d)
Employee stock options details as on the Balance Sheet date are as follows:
Particulars
Options
(Numbers)
Options
(Numbers)
GN 6.13
Ref. No.
Particulars
The impact on Earnings per Share if the fair value of the options (on the date of the grant) were considered instead of the intrinsic value is as under:
Particulars
Gn 48
Gn 48
Gn 51
f)
The fair value of the options has been determined under the Black-Scholes model. The assumptions used in this model for calculating fair value are as below:
Assumptions
Risk Free Interest Rate
Expected Life
Expected Annual Volatility of Shares
Expected Dividend Yield
31 March, 20X2
31 March, 20X1
Ref No.
The Revised Schedule VI does not require presentation of a reconciliation explaining the impact of the reclassification of the
previous year figures in the financial statements. However, the company may consider giving an appropriate reconciliation in the
Notes as an additional information as it would help in clarifying the impact of the reclassification of the previous year figures.