Format of Financial Statements Under The Revised Schedule VI

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
Contents
Note 29 - Additional Information to the Financial Statements
Note 30.1 - Disclosures under AS 7 - Construction Contracts
Note 30.2 - Disclosures under AS 12 - Government Grants
Note 30.3 - Disclosures under AS 14 - Accounting for Amalgamations
Note 30.4 - Disclosures under AS 15 - Employee Benefits
Note 30.5 - Disclosures under AS 16 - Borrowing Costs
Note 30.6 - Disclosures under AS 17 - Segment Reporting
Note 30.7 - Disclosures under AS 18 - Related Party Disclosures
Note 30.8 - Disclosures under AS 19 - Leases
Note 30.9 - Disclosures under AS 20 - Earnings per Share
Note 30.10 - Disclosures under AS 22 - Accounting for Taxes on Income
Note 30.11 - Disclosures under AS 24 - Discontinuing Operations
Note 30.12 - Disclosures under AS 26 - Intangible Assets
Note 30.13 - Disclosures under AS 27 - Financial Reporting of Interests in Joint Ventures
Note 30.14 - Disclosures under AS 29 - Provisions, Contingent Liabilities and Contingent Assets
Note 31 - Disclosure on Employee Share Based Payments
Note 32 - Previous Year's Figures
i
?
GI
BS
PL
GN
AS
Other Ann / Gn
Listing Clause
Narrative details to be provided for the relevant account balance / transaction and instructions to the preparers of
the financial statements.
The following pattern has been used to highlight items to the readers:
Implementation guidance provided to facilitate the presentations / disclosures.
References and abbreviations used in the format of financial statements
Other Announcements (Ann) / Guidance Notes (Gn) of ICAI prescribing accounting and disclosure requirements
Disclosure requirements as specified in the relevant clause of the Listing Agreement
Abbreviations used for references in this format:
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
General Instructions to the Statement of Profit and Loss (PL) issued by the MCA as part of the Revised Schedule
VI
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)
Ref. No.
GI 1
GI 2
GI 3
GI 4
Turnover Rounding off
(i) less than one hundred crore rupees To the nearest hundreds, thousands, lakhs or millions, or
decimals thereof.
(ii) one hundred crore rupees or more To the nearest lakhs, millions or crores, or decimals thereof.
GI 5
GI 6
Note to
GI
GENERAL INSTRUCTIONS GIVEN BY THE MCA FOR PREPARATION OF
BALANCE SHEET AND STATEMENT OF PROFIT AND LOSS OF A COMPANY
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.
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.
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.
Depending upon the turnover of the company, the figures appearing in the Financial Statements may be rounded off
as below: (emphasis added)
Once a unit of measurement is used, it should be used uniformly in the Financial Statements.
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.
For the purpose of this Schedule, the terms used herein shall be as per the applicable Accounting Standards.
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
BS 4
BS 5
PL 1
GENERAL INSTRUCTIONS FOR PREPARATION OF THE BALANCE SHEET - NOTES 1 TO 5
(Refer GN 7.1 to 7.6)
GENERAL INSTRUCTIONS FOR PREPARATION OF THE STATEMENT OF PROFIT AND LOSS - NOTE 1
(Refer GN 9)
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.
An asset shall be classified as current when it satisfies any of the following criteria: (emphasis added)
(a) it is expected to be realised in, or is intended for sale or consumption in, the companys normal operating cycle;
(b) it is held primarily for the purpose of being traded;
(c) it is expected to be realised within twelve months after the reporting date; or
(d) it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least
twelve months after the reporting date.
All other assets shall be classified as non-current.
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.
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.
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.
Name of the Company
Balance Sheet as at 31 March, 20X2
Ref No.
GI 3
GN 6.10
Note No. As at 31 March, 20X2 As at 31 March, 20X1
GI 4
GN 6.14
` `
A EQUITY AND LIABILITIES
1 Shareholders funds
(a) Share capital 3
(b) Reserves and surplus 4
(c) Money received against share warrants 29.1
2 Share application money pending allotment 29.2
3 Non-current liabilities
(a) Long-term borrowings 5
(b) Deferred tax liabilities (net) 30.10
(c) Other long-term liabilities 6
(d) Long-term provisions 7
4 Current liabilities
(a) Short-term borrowings 8
(b) Trade payables 9
(c) Other current liabilities 10
(d) Short-term provisions 11
GN 6.17
TOTAL
B ASSETS
1 Non-current assets
(a) Fixed assets
(i) Tangible assets 12.A
(ii) Intangible assets 12.B
(iii) Capital work-in-progress
(iv) Intangible assets under development
(v) Fixed assets held for sale 29.9
(b) Non-current investments 13
(c) Deferred tax assets (net) 30.10
(d) Long-term loans and advances 14
(e) Other non-current assets 15
2 Current assets
(a) Current investments 16
(b) Inventories 17
(c) Trade receivables 18
(d) Cash and cash equivalents 19
(e) Short-term loans and advances 20
(f) Other current assets 21
GN 6.17
TOTAL
In terms of our report attached.
For _______________________ For and on behalf of the Board of Directors
Chartered Accountants
XXX Chairman Managing Director

Chief Financial Officer Company Secretary
Place : Place :
Date : Date :
Particulars
Partner
See accompanying notes forming part of the financial
statements
i
Name of the Company
Statement of Profit and Loss for the year ended 31 March, 20X2
Ref No.
GI 3
GN 6.10
Note No. For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
GI 4
GN 6.14
` `
A CONTINUING OPERATIONS
1 Revenue from operations (gross) 22
AS 9.10 Less: Excise duty 22
Revenue from operations (net)
2 Other income 23
3 Total revenue (1+2)
4 Expenses
(a) Cost of materials consumed 24.a
(b) Purchases of stock-in-trade 24.b
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 24.c
(d) Employee benefits expense 25
(e) Finance costs 26
(f) Depreciation and amortisation expense 12.C
(g) Other expenses 27
Total expenses
5 Profit / (Loss) before exceptional and extraordinary items and tax (3 - 4)
6 Exceptional items 28.a
7 Profit / (Loss) before extraordinary items and tax (5 + 6)
8 Extraordinary items 28.b
9 Profit / (Loss) before tax (7 + 8)
10 Tax expense:
GN 9.8.1 (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
GN 9.8.2 (e) Deferred tax
11 Profit / (Loss) from continuing operations (9 +10)
B DISCONTINUING OPERATIONS
GN 9.9.2
AS 24.32(a)
12.i Profit / (Loss) from discontinuing operations (before tax) 30.11
GN 9.9.3
AS 24.32(b)
12.ii Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the
discontinuing operations
30.11
GN 9.10 12.iii Add / (Less): Tax expense of discontinuing operations 30.11
AS 24.32(a) (a) on ordinary activities attributable to the discontinuing operations
AS 24.23(a) (b) on gain / (loss) on disposal of assets / settlement of liabilities
GN 6.5
GN 6.6
GN 9.9
13 Profit / (Loss) from discontinuing operations (12.i + 12.ii + 12.iii) 30.11
C TOTAL OPERATIONS
14 Profit / (Loss) for the year (11 + 13)
Particulars
(Statement of Profit and Loss without stating EBITDA)
i
Name of the Company
Statement of Profit and Loss for the year ended 31 March, 20X2 (contd.)
Ref No.
GI 3
GN 6.10
31 March, 20X2
For the year ended
31 March, 20X1
GI 4
GN 6.14
` `
AS 20.8
AS 20.9
GN 9.11
15.i Earnings per share (of ` ___/- each):
(a) Basic
AS 20.50 (i) Continuing operations 30.9.a
(ii) Total operations 30.9.b
(b) Diluted
AS 20.50 (i) Continuing operations 30.9.e
(ii) Total operations 30.9.f
AS 20.48.i 15.ii Earnings per share (excluding extraordinary items) (of ` ___/- each):
(a) Basic
AS 20.50 (i) Continuing operations 30.9.c
(ii) Total operations 30.9.d
(b) Diluted
AS 20.50 (i) Continuing operations 30.9.g
(ii) Total operations 30.9.h
See accompanying notes forming part of the financial statements
Partner
Place : Place :
Date : Date :
Particulars
(Statement of Profit and Loss without stating EBITDA)
i
Name of the Company
Ref No.
GI 3
GN 6.10
31 March, 20X2
For the year ended
31 March, 20X1
GI 4
GN 6.14
` `
A CONTINUING OPERATIONS
1 Revenue from operations (gross) 22
AS 9.10 Less: Excise duty 22
Revenue from operations (net)
2 Expenses
(a) Cost of materials consumed 24.a
(b) Purchases of stock-in-trade 24.b
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 24.c
(d) Employee benefits expense 25
(e) Other expenses 27
Total
GN 6.16 3 Earnings before exceptional items, extraordinary items, interest, tax,
depreciation and amortisation (EBITDA) (1 - 2)
4 Finance costs 26
5 Depreciation and amortisation expense 12.C
6 Other income 23
7 Profit / (Loss) before exceptional and extraordinary items and tax (3 + 4 + 5 + 6)
8 Exceptional items 28.a
9 Profit / (Loss) before extraordinary items and tax (7 + 8)
10 Extraordinary items 28.b
11 Profit / (Loss) before tax (9 + 10)
12 Tax expense:
GN 9.8.1 (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
GN 9.8.2 (e) Deferred tax
13 Profit / (Loss) from continuing operations (11 + 12)
B DISCONTINUING OPERATIONS
GN 9.9.2
AS 24.32(a)
14.i Profit / (Loss) from discontinuing operations (before tax) 30.11
GN 9.9.3
AS 24.32(b)
14.ii Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the
discontinuing operations
30.11
GN 9.10 14.iii Add / (Less): Tax expense of discontinuing operations 30.11
AS 24.32(a) (a) on ordinary activities attributable to the discontinuing operations
AS 24.23(a) (b) on gain / (loss) on disposal of assets / settlement of liabilities
GN 6.5
GN 6.6
GN 9.9
15 Profit / (Loss) from discontinuing operations (14.i + 14.ii + 14.iii) 30.11
C TOTAL OPERATIONS
16 Profit / (Loss) for the year (13 + 15)
Particulars
(Statement of Profit and Loss stating EBITDA)
i
Name of the Company
Ref No.
GI 3
GN 6.10
31 March, 20X2
For the year ended
31 March, 20X1
GI 4
GN 6.14
` `
AS 20.8
AS 20.9
GN 9.11
17.i Earnings per share (of ` ___/- each):
(a) Basic
AS 20.50 (i) Continuing operations 30.9.a
(ii) Total operations 30.9.b
(b) Diluted
AS 20.50 (i) Continuing operations 30.9.e
(ii) Total operations 30.9.f
AS 20.48.i 17.ii Earnings per share (excluding extraordinary items) (of ` ___/- each):
(a) Basic
AS 20.50 (i) Continuing operations 30.9.c
(ii) Total operations 30.9.d
(b) Diluted
AS 20.50 (i) Continuing operations 30.9.g
(ii) Total operations 30.9.h
Partner
Place : Place :
Date : Date :
Particulars
(Statement of Profit and Loss stating EBITDA)
i
Name of the Company
AS 3.18(b) Cash Flow Statement for the year ended 31 March, 20X2
Ref No.
GI 3
GN 6.10
GI 4
GN 6.14
` ` ` `
AS 3.8
AS 3.20
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 Cash flow from extraordinary items
Cash generated from operations
AS 3.34
AS 3.35
Net cash flow from / (used in) operating activities (A)
CASH FLOW STATEMENT FOR COMPANIES OTHER THAN FINANCE COMPANIES
Particulars For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
Net income tax (paid) / refunds
i
Name of the Company
AS 3.18(b) Cash Flow Statement for the year ended 31 March, 20X2 (Contd.)
Ref No.
GI 3
GN 6.10
GI 4
GN 6.14
` ` ` `
AS 3.8
AS 3.15
B. Cash flow from investing activities
Proceeds from sale of fixed assets
AS 3.22.b Inter-corporate deposits (net)
- Placed
- Matured
Current investments not considered as Cash and cash equivalents
- Purchased
- Proceeds from sale
Purchase of long-term investments
AS 3.36
AS 3.37
- Subsidiaries
AS 3.36 - Associates
AS 3.36 - Joint ventures
AS 3.37 - Business units
- Others
Proceeds from sale of long-term investments
AS 3.37 - Subsidiaries
- Associates
- Joint ventures
AS 3.37 - Business units
- Others
Loans given
- Others
Loans realised
- Others
AS 3.30 Interest received
- Others
AS 3.30 Dividend received
- Others
Rental income from investment properties
Rental income from operating leases
Amounts received from partnership firms
Amounts received from AOPs
Amounts received from LLPs
AS 3.34
AS 3.35
Net cash flow from / (used in) investing activities (B)
Bank balances not considered as Cash and cash equivalents
Net income tax (paid) / refunds
31 March, 20X2
For the year ended
31 March, 20X1
Capital expenditure on fixed assets, including capital advances
i
Name of the Company
AS 3.18(b) Cash Flow Statement for the year ended 31 March, 20X2 (Contd.)
Ref No.
GI 3
GN 6.10
GI 4
GN 6.14
` ` ` `
AS 3.8
AS 3.17
C. Cash flow from financing activities
Proceeds from issue of equity shares
Proceeds from issue of preference shares
Redemption / buy back of preference / equity shares
Proceeds from issue of share warrants
Share application money received / (refunded)
Proceeds from long-term borrowings
Repayment of long-term borrowings
AS 3.22.b Net increase / (decrease) in working capital borrowings
Proceeds from other short-term borrowings
Repayment of other short-term borrowings
AS 3.30 Finance cost
AS 3.30 Dividends paid
AS 3.30 Tax on dividend
Net cash flow from / (used in) financing activities (C)
Net increase / (decrease) in Cash and cash equivalents (A+B+C)
Cash and cash equivalents at the beginning of the year
AS 3.25
Cash and cash equivalents at the end of the year
AS 3.42
Cash and cash equivalents as per Balance Sheet (Refer Note 19)
Cash and cash equivalents at the end of the year *
AS 3.42 * Comprises:
(a) Cash on hand
AS 3.45
Notes:
(i) The Cash Flow Statement reflects the combined cash flows pertaining to continuing and discounting operations.
(ii) These earmarked account balances with banks can be utilised only for the specific identified purposes.
Partner

Place : Place :
Date : Date :
Effect of exchange differences on restatement of foreign currency Cash
and cash equivalents
Reconciliation of Cash and cash equivalents with the Balance Sheet:
Less: Bank balances not considered as Cash and cash equivalents as
defined in AS 3 Cash Flow Statements (give details)
Add: Current investments considered as part of Cash and cash
equivalents (as defined in AS 3 Cash Flow Statements ) (Refer Note (ii) to
Note 16 Current investments)
(b) Cheques, drafts on hand
31 March, 20X2
For the year ended
31 March, 20X1
(iii) In deposit accounts with original maturity of less than 3 months
(iv) In earmarked accounts (give details) (Refer Note (ii) below)
(d) Others (specify nature)
Net Cash and cash equivalents (as defined in AS 3 Cash Flow
Statements ) included in Note 19
(c) Balances with banks
(e) Current investments considered as part of Cash and cash equivalents
(Refer Note (ii) to Note 16 Current investments)
(i) In current accounts
(ii) In EEFC accounts
Name of the Company
Notes forming part of the financial statements
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 2 Significant accounting policies (Illustrative)
i
The significant accounting policies have been predominantly presented below in the order of the Accounting
Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended). The order of
presentation may be customised for each Company.
i
The significant accounting policies would need to be customised for each Company based on its
applicability and relevance.
For example, in case of a Small and Medium Sized Company, it should state in its financial statements that
"The Company is a Small and Medium Sized Company as defined in the General Instructions in respect of
Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended).
Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and
Medium Sized Company." and should also modify the accounting policies suitably.
Similarly, companies that have not opted for the transition provisions in para 46 / 46A of AS 11 The Effects of
Changes in Foreign Exchange Rates and companies that have not opted for Hedge Accounting should modify the
accounting policies on Foreign Currency Transactions and Translations and Hedge Accounting, respectively.
2.1 Basis of accounting and preparation of financial statements
The financial statements of the Company have been prepared in accordance with the Generally Accepted
Accounting Principles in India (Indian GAAP) to comply with the Accounting Standards notified under the
Companies (Accounting Standards) Rules, 2006 (as amended) and the relevant provisions of the
Companies Act, 1956. The financial statements have been prepared on accrual basis under the historical
cost convention except for categories of fixed assets acquired before 1 April, 200X, that are carried at
revalued amounts. The accounting policies adopted in the preparation of the financial statements are
consistent with those followed in the previous year except for change in the accounting policy for ___ and
___ as more fully described in Note __.
2.2 Use of estimates
The preparation of the financial statements in conformity with Indian GAAP requires the Management to
make estimates and assumptions considered in the reported amounts of assets and liabilities (including
contingent liabilities) and the reported income and expenses during the year. The Management believes
that the estimates used in preparation of the financial statements are prudent and reasonable. Future
results could differ due to these estimates and the differences between the actual results and the estimates
are recognised in the periods in which the results are known / materialise.
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.
Ref No.
Name of the Company
Note 2 Significant accounting policies (contd.)
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.
2.5 Cash flow statement
Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary items and tax
is adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of past or future
cash receipts or payments. The cash flows from operating, investing and financing activities of the
Company are segregated based on the available information.
2.6 Depreciation and amortisation
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
Sale of goods
GN 9.1.3
GN 9.1.4
GN 9.1.5
AS 9.11
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.
Income from services
Revenues from contracts priced on a time and material basis are recognised when services are rendered
and related costs are incurred. Revenues from turnkey contracts, which are generally time bound fixed price
contracts, are recognised over the life of the contract using the proportionate completion method, with
contract costs determining the degree of completion. Foreseeable losses on such contracts are recognised
when probable.
Revenues from maintenance contracts are recognised pro-rata over the period of the contract.
AS 6.29
AS 26.63
AS 26.78
AS 26.90.a
AS 26.90.b
AS 26.94.a
AS 7.38.b
AS 7.38.c
AS 9.12
Ref No.
Name of the Company
Note Particulars
AS 9.13 2.8 Other income
Interest income is accounted on accrual basis. Dividend income is accounted for when the right to receive it
is established.
2.9 Tangible fixed assets
AS 10.20
AS 10.23
AS 10.8.2
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 long-term 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.
Ref No.
Name of the Company
Note Particulars
2.10 Intangible assets
AS 26.23
AS 26.59
AS 26.62
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.
2.11 Foreign currency transactions and translations
Initial recognition
AS 11.9
AS 11.21
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.
Measurement of foreign currency monetary items at the Balance Sheet date
AS 11.11
AS 11.21
Foreign currency monetary items (other than derivative contracts) of the Company and its net investment in
non-integral foreign operations outstanding at the Balance Sheet date are restated at the year-end rates.
In the case of integral operations, assets and liabilities (other than non-monetary items), are translated at
the exchange rate prevailing on the Balance Sheet date. Non-monetary items are carried at historical cost.
Revenue and expenses are translated at the average exchange rates prevailing during the year. Exchange
differences arising out of these translations are charged to the Statement of Profit and Loss.
Treatment of exchange differences
AS 11.13
AS 11.15
AS 11.21
AS 11.46
AS 11.46A
Exchange differences arising on settlement / restatement of short-term foreign currency monetary assets
and liabilities of the Company and its integral foreign operations are recognised as income or expense in
the Statement of Profit and Loss. The exchange differences on restatement / settlement of loans to non-
integral foreign operations that are considered as net investment in such operations are accumulated in a
"Foreign currency translation reserve" until disposal / recovery of the net investment.
The exchange differences arising on restatement / settlement of long-term foreign currency monetary items
are capitalised as part of the depreciable fixed assets to which the monetary item relates and depreciated
over the remaining useful life of such assets or amortised on settlement / over the maturity period of such
items if such items do not relate to acquisition of depreciable fixed assets. The unamortised balance is
carried in the Balance Sheet as Foreign currency monetary item translation difference account net of the
tax effect thereon.
Accounting of forward contracts
AS 11.36 Premium / discount on forward exchange contracts, which are not intended for trading or speculation
purposes, are amortised over the period of the contracts if such contracts relate to monetary items as at the
Balance Sheet date.
Refer Notes 2.26 and 2.27 for accounting for forward exchange contracts relating to firm commitments and
highly probable forecast transactions.
Ref No.
Name of the Company
Note Particulars
2.12 Government grants, subsidies and export incentives
AS 12.13
AS 12.14
AS 12.15
AS 12.16
AS 12.17
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.
2.14 Employee benefits
Employee benefits include provident fund, superannuation fund, gratuity fund, compensated absences, long
service awards and post-employment medical benefits.
Defined contribution plans
The Company's contribution to provident fund and superannuation fund are considered as defined
contribution plans and are charged as an expense as they fall due based on the amount of contribution
required to be made.
Defined benefit plans
For defined benefit plans in the form of gratuity fund and post-employment medical benefits, the cost of
providing benefits is determined using the Projected Unit Credit method, with actuarial valuations being
carried out at each Balance Sheet date. Actuarial gains and losses are recognised in the Statement of Profit
and Loss in the period in which they occur. Past service cost is recognised immediately to the extent that
the benefits are already vested and otherwise is amortised on a straight-line basis over the average period
until the benefits become vested. The retirement benefit obligation recognised in the Balance Sheet
represents the present value of the defined benefit obligation as adjusted for unrecognised past service
cost, as reduced by the fair value of scheme assets. Any asset resulting from this calculation is limited to
past service cost, plus the present value of available refunds and reductions in future contributions to the
schemes.
AS 15.45
AS 15.55
AS 15.57
AS 15.65
AS 15.92
AS 15.94
AS 15.120.a
AS 15.120.b
Ref No.
Name of the Company
Note Particulars
Short-term employee benefits
The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services
rendered by employees are recognised during the year when the employees render the service. These
benefits include performance incentive and compensated absences which are expected to occur within
twelve months after the end of the period in which the employee renders the related service. The cost of
such compensated absences is accounted as under :
(a) in case of accumulated compensated absences, when employees render the services that increase their
entitlement of future compensated absences; and
(b) in case of non-accumulating compensated absences, when the absences occur.
Long-term employee benefits
Compensated absences which are not expected to occur within twelve months after the end of the period in
which the employee renders the related service are recognised as a liability at the present value of the
defined benefit obligation as at the Balance Sheet date less the fair value of the plan assets out of which the
obligations are expected to be settled. Long Service Awards are recognised as a liability at the present
value of the defined benefit obligation as at the Balance Sheet date.
2.15 Employee share based payments
The Company has formulated Employee Stock Option Schemes (ESOS) in accordance with the SEBI
(Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999. The Schemes
provide for grant of options to employees of the Company and its subsidiaries to acquire equity shares of
the Company that vest in a graded manner and that are to be exercised within a specified period. In
accordance with the SEBI Guidelines; the excess, if any, of the closing market price on the day prior to the
grant of the options under ESOS over the exercise price is amortised on a straight-line basis over the
vesting period. [OR]
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.
2.17 Segment reporting
AS 17.19
AS 17.20
AS 17.24
AS 17.33
AS 17.36
AS 17.53
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.
AS 15.129
AS 15.10
AS 15.11
Ref No.
Name of the Company
Note Particulars
AS 17.19
AS 17.20
AS 17.24
AS 17.33
AS 17.36
AS 17.53
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.
2.19 Earnings per share
AS 20.10
AS 20.26
AS 20.29
AS 20.32
AS 20.35
AS 20.39
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.
Ref No.
Name of the Company
Note Particulars
2.20 Taxes on income
AS 22.20
AS 22.21
AS 22.15
AS 22.17
AS 22.26
AS 22.29
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.
2.22 Joint venture operations
AS 27.12 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.
Ref No.
Name of the Company
Note Particulars
2.23 Impairment of assets
AS 28.6
AS 28.47
AS 28.57
AS 28.103
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.
2.24 Provisions and contingencies
AS 29.14
AS 29.35
AS 29.27
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.
2.25 Provision for warranty
AS 29.14
AS 29.35
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.
2.26 Hedge accounting
The Company uses foreign currency forward contracts to hedge its risks associated with foreign currency
fluctuations relating to highly probable forecast transactions. The Company designates such forward
contracts in a cash flow hedging relationship by applying the hedge accounting principles set out in
"Accounting Standard 30 Financial Instruments: Recognition and Measurement". These forward contracts
are stated at fair value at each reporting date. Changes in the fair value of these forward contracts that are
designated and effective as hedges of future cash flows are recognised directly in "Hedging reserve
account" under Reserves and surplus, net of applicable deferred income taxes and the ineffective portion is
recognised immediately in the Statement of Profit and Loss. Amounts accumulated in the "Hedging reserve
account" are reclassified to the Statement of Profit and Loss in the same periods during which the
forecasted transaction affects profit and loss. Hedge accounting is discontinued when the hedging
instrument expires or is sold, terminated, or exercised, or no longer qualifies for hedge accounting. For
forecasted transactions, any cumulative gain or loss on the hedging instrument recognised in "Hedging
reserve account" is retained until the forecasted transaction occurs. If the forecasted transaction is no
longer expected to occur, the net cumulative gain or loss recognised in "Hedging reserve account" is
immediately transferred to the Statement of Profit and Loss.
Ref No.
Name of the Company
Note Particulars
2.27 Derivative contracts
The Company enters into derivative contracts in the nature of foreign currency swaps, currency options,
forward contracts with an intention to hedge its existing assets and liabilities, firm commitments and highly
probable transactions. Derivative contracts which are closely linked to the existing assets and liabilities are
accounted as per the policy stated for Foreign Currency Transactions and Translations.
Derivative contracts designated as a hedging instrument for highly probable forecast transactions are
accounted as per the policy stated for Hedge Accounting.
All other derivative contracts are marked-to-market and losses are recognised in the Statement of Profit and
Loss. Gains arising on the same are not recognised, until realised, on grounds of prudence.
2.28 Share issues expenses
Share issue expenses and redemption premium are adjusted against the Securities Premium Account as
permissible under Section 78(2) of the Companies Act, 1956, to the extent balance is available for utilisation
in the Securities Premium Account. The balance of share issue expenses is carried as an asset and is
amortised over a period of 5 years from the date of the issue of shares.
2.29 Insurance claims
Insurance claims are accounted for on the basis of claims admitted / expected to be admitted and to the
extent that there is no uncertainty in receiving the claims.
2.30 Service tax input credit
Service tax input credit is accounted for in the books in the period in which the underlying service received
is accounted and when there is no uncertainty in availing / utilising the credits.
Ref No.
Name of the Company
GN 8.1.1 Note 3 Share capital @
Particulars
Number of
shares
`
Number of
shares
`
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 Equity shares of ` ___ each with voting rights
BS 6.A.c Equity shares of ` ___ each with differential voting rights
BS 6.A.c Compulsorily convertible preference shares of `___ each
BS 6.A.c Optionally convertible preference shares of `___ each
BS 6.A.c Redeemable preference shares of `___ each
BS 6.A.b
GN 8.1.1.5
GN 8.1.1.7
GN 8.1.1.8
(b) Issued #
BS 6.A.b
GN 8.1.1.5
GN 8.1.1.7
GN 8.1.1.8
(c) Subscribed and fully paid up
BS 6.A.b
GN 8.1.1.5
GN 8.1.1.7
GN 8.1.1.8
(d) Subscribed but not fully paid up
BS 6.A.c Equity shares of ` ___ each with voting rights, ` x not paid up
BS 6.A.c Equity shares of ` ___ each with voting rights, ` y not paid up
BS 6.A.c Equity shares of ` ___ each with differential voting rights, ` a not paid up
BS 6.A.c Equity shares of ` ___ each with differential voting rights, ` b not paid up
BS 6.A.c Compulsorily convertible preference shares of ` ___ each, ` c not paid up
BS 6.A.c Compulsorily convertible preference shares of ` ___ each, ` d not paid up
BS 6.A.c Optionally convertible preference shares of ` ___ each, ` e not paid up
BS 6.A.c Optionally convertible preference shares of ` ___ each, ` f not paid up
BS 6.A.c Redeemable preference shares of ` ___ each, ` g not paid up
BS 6.A.c Redeemable preference shares of ` ___ each, ` h not paid up
Total
i
i
Refer Notes (i) to (viii) below
# 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.).
Ref. No. As at 31 March, 20X2 As at 31 March, 20X1
@ 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.
GN 8.1.1 Note 3 Share capital (contd.)
Notes:
BS 6.A.d
GN 8.1.1.9
Particulars Opening
Balance
Fresh issue Bonus ESOP Conversion Buy back Other
changes
(give details)
Closing
Balance
Equity shares with voting rights
Year ended 31 March, 20X2
- Number of shares
- Amount (`)
- Number of shares
- Amount (`)
Equity shares with differential
voting rights
- Number of shares
- Amount (`)
- Number of shares
- Amount (`)
Compulsorily convertible
preference shares
- Number of shares
- Amount (`)
- Number of shares
- Amount (`)
Optionally convertible
preference shares
- Number of shares
- Amount (`)
- Number of shares
- Amount (`)
Redeemable preference
shares
- Number of shares
- Amount (`)
- Number of shares
- Amount (`)
? 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.
(i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period:
Name of the Company
Ref. No. Particulars
Notes:
BS 6.A.e
GN 8.1.1.10
BS 6.U
BS 6.A.f
GN 8.1.1.11
Equity shares with
voting rights
Equity shares with
differential voting
rights
Compulsorily
convertible
preference
shares
Optionally
convertible
preference
shares
Redeemable
preference
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
______, 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
Number of shares
held
% holding in that
class of shares
Number of
shares held
% holding in that
class of shares
Shareholder 1
Shareholder 2
Equity shares with differential voting
rights
Shareholder 1
Shareholder 2
Compulsorily convertible preference
shares
Shareholder 1
Shareholder 2
Optionally convertible preference
shares
Shareholder 1
Shareholder 2
Redeemable preference shares
Shareholder 1
Shareholder 2
?(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 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.
Name of the Company
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:
Particulars
Number of shares
(iv) Details of shares held by each shareholder holding more than 5% shares:
Class of shares / Name of
shareholder
As at 31 March, 20X2 As at 31 March, 20X1
Name of the Company
BS 6.A.h
GN 8.1.1.13
BS 6.A.j
GN 8.1.1.15
GN 8.1.1.13
GN 8.1.1.15
BS 6.A.i
GN 8.1.1.14
Fully paid up pursuant to contract(s)
without payment being received in
cash
Fully paid up by way of bonus shares
Shares bought back
rights
cash
Shares bought back
shares
cash
Shares bought back
shares
cash
Shares bought back
cash
Shares bought back
GN 8.1.1.14
?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.
(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)
(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.
(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:
Particulars Aggregate number of shares
?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.
Name of the Company
BS 6.A.k (vii) Details of calls unpaid
GN 8.1.1.16
Number of shares
`
Number of
shares
`
Aggregate of calls unpaid
- by directors
- by officers
- by others
rights
- by directors
- by officers
- by others
shares
- by directors
- by officers
- by others
shares
- by directors
- by officers
- by others
- by directors
- by officers
- by others
BS 6.A.l (viii) Details of forfeited shares
Number
of shares
Amount originally
paid up
`
Number
of shares
Amount
originally
paid up
`
rights
shares
shares
Class of shares As at 31 March, 20X2 As at 31 March, 20X1
Particulars As at 31 March, 20X2 As at 31 March, 20X1
GN 8.1.2
` `
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
Transferred from surplus in Statement of Profit and Loss
GN 8.1.2.10
BS 6.B.i.c
GN 8.1.2.4
GN 8.1.2.10
GN 8.1.2.10
Closing balance
BS 6.B.i.d
GN 8.1.2.5
GN 8.1.2.10
Transferred from surplus in Statement of Profit and Loss
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 Less: Utilised for set off against depreciation
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 Less: Deferred stock compensation expense
GN 8.1.2.10 Add: Transferred from surplus in Statement of Profit and Loss
GN 8.1.2.10 Less: Utilised / transferred during the year for:
AS 11.40.b
GN 8.1.2.10 Add / (Less): Effect of foreign exchange rate variations during the year
GN 8.1.2.10
Add: Additions during the year
Name of the Company
Note 4 Reserves and surplus
(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
Buy back of shares
Others (give details)
Less: Utilised during the year (give details)
Closing balance
(c) Securities premium account
Opening balance
Add : Premium on shares issued during the year
Less : Utilised during the year for:
Issuing bonus shares
Writing off preliminary expenses
Writing off shares / debentures issue expenses
Premium on redemption of redeemable preference shares / debentures
Closing balance
(d) Debenture redemption reserve
Opening balance
Add: Additions during the year
Less: Utilised / transferred during the year (give details)
Closing balance
(e) Revaluation reserve
Opening balance
Add: Addition on revaluations during the year
Written back / other utilisations during the year (give details)
(h) Foreign currency translation reserve
(f) Share options outstanding account
Opening balance
Add: Amounts recorded on grants/modifications/cancellations during the year
Less: Written back to Statement of Profit and Loss during the year
Transferred to Securities premium account
Closing balance
(g) General reserve
Opening balance
Issuing bonus shares
Closing balance
Opening balance
Closing balance
Add / (Less): Transferred to Statement of Profit and Loss on disposal of the net
investment in non-integral foreign operations
Name of the Company
GN 8.1.2
` `
GN 8.1.2.10
GN 8.1.2.10 Add / (Less): Transferred to Statement of Profit and Loss
BS 6.B.i.g
GN 8.1.2.8
GN 8.1.2.10
GN 8.1.2.10
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
Amounts transferred from:
General reserve
Other reserves (give details)
GN 8.1.2.10
BS 6.U
BS 6.U
Tax on dividend
PL 5(iv)(a)
GN 10.9
Transferred to:
General reserve
Capital redemption reserve
Debenture redemption reserve
Other reserves (give details)
Closing balance
(i) Hedging reserve
Opening balance
Add / (Less): Effect of foreign exchange rate variations on hedging instruments
outstanding at the end of the year
Note 4 Reserves and surplus (contd.)
Total
Add: Additions / transfers during the year
Less: Utilisations / transfers during the year
Closing balance
(k) Surplus / (Deficit) in Statement of Profit and Loss
Opening balance
Add: Profit / (Loss) for the year
Less: Interim dividend
Dividends proposed to be distributed to equity shareholders (`___ per share)
Dividends proposed to be distributed to preference shareholders (`___ per
share)
Opening balance
Closing balance
(j) Other reserves (specify the nature and purpose of each reserve)
Note 5 Long-term borrowings #
` `
BS 6.C.i.a
GN 7.5
BS 6.C.ii Secured
BS 6.C.ii
BS 6.C.i.b
GN 8.3.1.8
BS 6.C.ii Secured
BS 6.C.ii
BS 6.C.ii Secured
BS 6.C.ii
BS 6.C.i.c
GN 8.3.1.9
BS 6.C.ii Secured
BS 6.C.ii
BS 6.C.i.d
GN 8.3.1.19
BS 6.C.ii Secured
BS 6.C.ii
BS 6.C.i.e
GN 8.3.1.20
GN 6.15
BS 6.C.ii Secured
BS 6.C.ii
BS 6.C.i.f
BS 6.C.ii Secured
BS 6.C.ii
BS 6.C.i.g
BS 6.C.ii Secured
BS 6.C.ii
i
i
i
Unsecured
Name of the Company
GN 8.3.1
GN 8.3.1.1
GN 8.3.1.2
GN 8.3.1.7
GN 8.3.1.10
GN 7.1.8
Particulars
(a) Bonds / debentures (Refer Note (i) below)
Unsecured
(b) Term loans
From banks
Unsecured
From other parties
Ref. No.
(g) Other loans and advances (specify nature)
(c) Deferred payment liabilities
Unsecured
(d) Deposits
Unsecured
(e) Loans and advances from related parties @ (Refer Note 30.7)
Unsecured
(f) Long-term maturities of finance lease obligations (Refer Note 30.8.c)
Unsecured
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.
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.
@ Details of loans and advances to related parties should be given in accordance with the disclosure requirements contained in AS 18
Related Party Disclosures .
Ref. No.
Notes:
GN 8.3.1.4
Particulars
BS 6.C.ii Secured Unsecured Secured Unsecured
` ` ` `
__% Redeemable bonds /
debentures
__ % Convertible bonds /
debentures
Others
Total - Bonds / debentures
GN 8.3.1.11
GN 8.3.1.12
BS 6.C.v
GN 8.3.1.5
(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
BS 6.C.ii Secured Unsecured 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
Deposits:
Public deposits
Inter-corporate deposit 1
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
Name of the Company
GN 8.3.1
GN 8.3.1.1
GN 8.3.1.2
GN 8.3.1.7
GN 8.3.1.10
GN 7.1.8
Note 5 Long-term borrowings (contd.)
Particulars
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
(i) Details of bonds / debentures issued by the Company:
?(In the descending order of maturity / conversion. If redeemable in installments, maturity date should be considered as the due date for the first
installment)
Terms and
conditions*
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
? * 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.
(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 ` ___ each (As at 31 March, 20X1 ____ bonds / debentures of ` ___ each) were available for reissuance.
Terms of repayment
and security*
Ref. No.
Name of the Company
GN 8.3.1
GN 8.3.1.1
GN 8.3.1.2
GN 8.3.1.7
GN 8.3.1.10
GN 7.1.8
Note 5 Long-term borrowings (contd.)
Particulars
GN 8.3.1.17
GN 8.3.1.18
BS 6.C.iii
GN 8.3.1.3
GN 8.3.1.13
Particulars
` `
Bonds / debentures
Term loans from banks
Term loans from other parties
Deferred payment liabilities
Deposits
parties
lease obligations
Other loans and advances
GN 8.3.1.13
BS 6.C.vii
GN 8.3.1.6
Particulars
Period of default ` 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
parties
Principal
Interest
lease obligations
Principal
Interest
Principal
Interest
GN 8.3.1.14
GN 8.3.1.15
GN 8.3.1.16
(vi) For the current maturities of long-term borrowings, refer items (a) and (b) in Note 10 Other current liabilities.
?* 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.
(iv) Details of long-term borrowings guaranteed by some of the directors or others:
(v) The Company has defaulted in repayment of loans and interest in respect of the following:
?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.
GN 8.4
` `
BS 6.D.a
GN 8.4.1
(a) Trade Payables: *
(i) Acceptances
(ii) Other than Acceptances
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
i
* 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.
Name of the Company
Note 6 Other long-term liabilities
GN 8.5
` `
BS 6.E.a (a) Provision for employee benefits:
(i) Provision for compensated absences
(ii) Provision for gratuity (net) (Refer Note 30.4.b)
(iii) Provision for post-employment medical benefits (Refer
Note 30.4.b)
(iv) Provision for other defined benefit plans (net) (give
details) (Refer Note 30.4.b)
(v) Provision for other employee benefits (give details)
BS 6.E.b (b) Provision - Others:
(i) Provision for premium payable on redemption of bonds
(Refer Note 5 Long-term borrowings)
(ii) Provision for estimated loss on derivatives
(iii) Provision for warranty (Refer Note 30.14)
(iv) Provision for estimated losses on onerous contracts
(Refer Note 30.14)
(v) Provision for other contingencies (Refer Note 30.14)
(vi) Provision - others (give details)
Total
i
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.
GN 7.3
GN 8.5.1
Name of the Company
Note 7 Long-term provisions
Name of the Company
GN 7.1.8
GN 8.6.1.1
GN 8.6.1.2
Note 8 Short-term borrowings
` `
BS 6.F.i.a
BS 6.F.ii Secured
BS 6.F.ii Unsecured
BS 6.F.ii Secured
BS 6.F.ii Unsecured
BS 6.F.i.b
GN 6.15
GN 8.3.1.20
BS 6.F.ii Secured
BS 6.F.ii Unsecured
BS 6.F.i.c
BS 6.F.ii Secured
BS 6.F.ii Unsecured
BS 6.F.i.d
BS 6.F.ii Secured
BS 6.F.ii Unsecured
i
i
Notes:
BS 6.F.ii (i) Details of security for the secured short-term borrowings:
GN 8.3.1.11
GN 8.3.1.12
Particulars Nature of security As at 31 March, 20X2 As at 31 March, 20X1
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
parties:
RP 1
RP 2
Total - Loans and advances from
related parties
Deposits:
Public deposits
Total - Deposits
Other loans and advances:
Loan 1
Advance 1
Total - Other loans and advances
From banks
(a) Loans repayable on demand
From other parties
(b) Loans and advances from related parties @ (Refer Note 30.7)
(c) Deposits
(d) Other loans and advances (specify nature)
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 .
? 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.
Name of the Company
GN 7.1.8
GN 8.6.1.1
GN 8.6.1.2
Note 8 Short-term borrowings (contd.)
BS 6.F.iii
GN 8.3.1.3
GN 8.3.1.13
Particulars
`
`
Loans repayable on demand from
banks
Loans repayable on demand from
other parties
parties
Deposits
(ii) Details of short-term borrowings guaranteed by some of the directors or others:
GN 7.1.8
GN 8.6.1.1
GN 8.6.1.2
BS 6.F.iv
GN 8.3.1.6
Particulars
Period of
default
`
Period of
default
`
Loans repayable on demand from banks
Principal
Interest
Loans repayable on demand from other
parties
Principal
Interest
Loans and advances from related parties
Principal
Interest
Deposits
Principal
Interest
Principal
Interest
(iii) The Company has defaulted in repayment of loans and interest in respect of the following:
GN 8.3.1.14
GN 8.3.1.15
GN 8.3.1.16
Name of the Company
Note 8 Short-term borrowings (contd.)
GN 8.6.2
` `
BS 6.D.a Trade payables:
Acceptances
Other than Acceptances
Total
i
* 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.
Name of the Company
Note 9 Trade payables *
GN 7.1.6
GN 8.4.1
GN 8.6.3
GN 7.1.7
` `
BS 6.G.a
GN 8.3.1.10
(a) Current maturities of long-term debt (Refer Note (i) below)
BS 6.G.b (b) Current maturities of finance lease obligations (Refer Note 30.8.c)
BS 6.G.c (c) Interest accrued but not due on borrowings
BS 6.G.d (d) Interest accrued and due on borrowings
BS 6.G.e (e) Income received in advance (Unearned revenue)
BS 6.G.f (f) Unpaid dividends
BS 6.G.g
GN 8.2.1
GN 8.2.2
GN 8.2.3
(g) Application money received for allotment of securities and due for refund
and interest accrued thereon #
BS 6.G.h (h) Unpaid matured deposits and interest accrued thereon
BS 6.G.i (i) Unpaid matured debentures and interest accrued thereon
BS 6.G.j (j) Other payables
(i) Statutory remittances (Contributions to PF and ESIC, Withholding Taxes,
Excise Duty, VAT, Service Tax, etc.)
(ii) Payables on purchase of fixed assets
(iii) Contractually reimbursable expenses
(iv) Interest accrued on trade payables
(v) Interest accrued on others
(vi) Trade / security deposits received
(vii) Advances from customers
(viii) Others (specify nature)
GN 7.1.6
Total
i
i
GN 8.2.3
GN 8.3.1.11
` `
(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
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):
Name of the Company
Note 10 Other current liabilities @
@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 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 8.6.4
` `
BS 6.H.a (a) Provision for employee benefits: @
(i) Provision for bonus
(ii) Provision for compensated absences
(iii) Provision for gratuity (net) (Refer Note 30.4.b)
(iv) Provision for post-employment medical benefits (Refer Note
30.4.b)
(v) Provision for other defined benefit plans (net) (give details)
(Refer Note 30.4.b)
(vi) Provision for other employee benefits (give details)
BS 6.H.b (b) Provision - Others:
(i) Provision for tax (net of advance tax ` ___ (As at 31 March,
20X1 ` ___)
(ii) Provision for premium payable on redemption of bonds
(Refer Note 5 Long-term borrowings)
(iii) Provision for estimated loss on derivatives
(iv) Provision for warranty (Refer Note 30.14)
(v) Provision for estimated losses on onerous contracts (Refer
Note 30.14)
(vi) Provision for other contingencies (Refer Note 30.14)
GN 8.8.7.7 (vii) Provision for proposed equity dividend
GN 8.8.7.7 (viii) Provision for proposed preference dividend
(ix) Provision for tax on proposed dividends
(x) Provision - others (give details)
Total
i
i
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.
@ 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.
Name of the Company
Note 11 Short-term provisions
GN 7.3
GN 8.5.1
GN 8.7.1
A.
Balance
as at
1 April, 20X1
Additions Disposals Acquisitions through
business
combinations
Reclassified as held
for sale
Revaluation increase Effect of foreign
currency exchange
differences
Borrowing cost
capitalised
Other adjustments Balance
as at
31 March, 20X2
` ` ` ` ` ` ` ` ` `
GN 8.7.1.1
(a) Land
Freehold
Leasehold *
(b) Buildings
Own use
Given under operating lease *
(c) Plant and Equipment
Owned
Taken under finance lease *
(d) Furniture and Fixtures
Owned
(e) Vehicles
Owned
(f) Office equipment
Owned
(g) Leasehold improvements
Owned
(h) Others (specify nature), e.g.
Railway sidings, etc.
Owned
Total
Previous year
Name of the Company
Note 12 Fixed assets
Ref. No. Tangible assets Gross block
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
Name of the Company
GN 8.7.1
A
Balance
as at
1 April, 20X1
Depreciation /
amortisation
expense for the year
Eliminated on
disposal of assets
Eliminated on
reclassification as
held for sale
Impairment losses
recognised in
statement of profit
and loss
Reversal of
impairment losses
recognised in
Statement of Profit
and Loss
as at
31 March, 20X2
Balance
as at
31 March, 20X2
Balance
as at
31 March, 20X1
` ` ` ` ` ` ` ` ` `
GN 8.7.1.1
(a) Land
Freehold
Leasehold *
(b) Buildings
Own use
(c) Plant and Equipment
Owned
(d) Furniture and Fixtures
Owned
(e) Vehicles
Owned
(f) Office equipment
Owned
(g) Leasehold improvements
Owned
(h) Others (specify nature), e.g.
Railway sidings, etc.
Owned
Total
Previous year
i
GN 8.7.1.1
?
AS 10.37.iii
? 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.
Asset disposals through demergers and amounts written off on reduction of capital should be disclosed separately for each class of assets.
Ref. No. Tangible assets Accumulated depreciation and impairment Net block
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
Note 12 Fixed assets (contd.)
* Information regarding assets under lease (taken or given), where applicable, may also be given as a separate note for each class of asset.
GN 8.7.1
B
Balance
as at
1 April, 20X1
Additions Disposals Acquisitions through
business
combinations
Reclassified as held
for sale
Effect of foreign
currency exchange
differences
Borrowing cost
capitalised
as at
31 March, 20X2
` ` ` ` ` ` ` ` `
BS 6.J.i
BS 6.J.ii (a) Goodwill
GN 8.7.1.2 (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
B
Balance
as at
1 April, 20X1
Depreciation /
amortisation
expense for the year
Eliminated on
disposal of assets
Eliminated on
reclassification as
held for sale
Impairment losses
recognised /
(reversed) in
Statement of Profit
and Loss
as at
31 March, 20X2
Balance
as at
31 March, 20X2
Balance
as at
31 March, 20X1
` ` ` ` ` ` ` ` `
BS 6.J.i
BS 6.J.ii (a) Goodwill
GN 8.7.1.2 (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
i
It may be noted that AS 26 Intangible Assets does not permit revaluation of intangible assets. Impairment losses recognised / reversed, if any, should be disclosed above.
GN 8.7.1.1
?
AS 26.94.c
?
Ref. No. Intangible assets
Ref. No. Intangible assets Accumulated depreciation and impairment
Name of the Company
Gross block
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.
Net block
GN 8.7.1
GN 9.5.6 C. Depreciation and amortisation relating to continuing operations:
For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
` `
Notes:
BS 6.I.iv (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:
BS 6.J.iii
31 March, 20X2 31 March, 20X1 Prior Year 1 Prior Year 2 Prior Year 3
` ` ` ` `
GN 8.7.1.1.iv
GN 8.7.1.2.iii
? Details to be provided for each
class of 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 10.33 (ii) Details of assets acquired under hire purchase agreements:
31 March, 20X2 31 March, 20X1 31 March, 20X2 31 March, 20X1
` ` ` `
AS 10.34 (iii) Details of assets jointly owned by the Company:
31 March, 20X2 31 March, 20X1 31 March, 20X2 31 March, 20X1 31 March, 20X2 31 March, 20X1
` ` ` ` ` `
AS 19.46.a
?
Ref. No.
Particulars Gross block Net block
Particulars Extent of ownership
by the Company
Proportion of the original cost Accumulated depreciation
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
Particulars Year
Particulars
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.
Depreciation and amortisation for the year on tangible assets as per Note 12 A
Name of the Company
Particulars
Net block
AS 13.26
AS 13.27
Note 13 Non-current investments
GN 8.7.2
GN 7.4.1
GN 7.4.2
Quoted # Unquoted # Total Quoted Unquoted Total
` ` ` ` ` `
BS 6.K.i
BS 6.K.ii
GN 8.7.2.5
AS 13.32 Investments (At cost):
GN 8.7.2.1 A. Trade @
BS 6.K.i.b
GN 8.7.2.7
(a) Investment in equity instruments (give details separately for fully / partly paid up
instruments)
(i) of subsidiaries
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
GN 8.7.2.4 (iv) of controlled special purpose entities
(v) of other entities (give details)
BS 6.K.i.c
GN 8.7.2.7
(b) Investment in preference shares (give details separately for fully / partly paid up
shares)
(i) of subsidiaries
(ii) of associates
BS 6.K.i.e
GN 8.7.2.7
(c) Investment in debentures or bonds (give details separately for fully / partly paid up
debentures / bonds)
(i) of subsidiaries
(ii) of associates
BS 6.K.i.g (d) Investment in partnership firms (Refer Note below)
BS 6.K.i.h
GN 8.7.2.7
(e) Other non-current investments (specify nature)
Total - Trade (A)
i
i
Name of the Company
Ref. No.
Particulars
@ The term trade investment has not been defined in the Revised Schedule VI or in the Accounting Standards. The term "trade investment" is normally understood as an investment made by a company in shares or
debentures of another company, to promote the trade or business of the first company.
# 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.
GN 8.7.2.7
Name of the Company
AS 13.26
AS 13.27
Note 13 Non-current investments (contd.)
GN 8.7.2
GN 7.4.1
GN 7.4.2
Quoted Unquoted Total Quoted Unquoted Total
` ` ` ` ` `
B. Other investments
BS 6.K.i.a
GN 8.7.2.2
(a) Investment property (specify nature), (net off accumulated depreciation and
impairment, if any)
i
BS 6.K.i.b
GN 8.7.2.7
(b) Investment in equity instruments (give details separately for fully / partly paid up
instruments)
(i) of subsidiaries
(ii) of associates
BS 6.K.i.c
GN 8.7.2.7
(c) Investment in preference shares (give details separately for fully / partly paid up
shares)
(i) of subsidiaries
(ii) of associates
BS 6.K.i.d (d) Investment in government or trust securities
(i) government securities
(ii) trust securities
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
BS 6.K.i.f (f) Investment in mutual funds (give details)
BS 6.K.i.g
GN 8.7.2.9
(g) Investment in partnership firms (Refer Note below)
Ref. No.
Particulars
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.
Name of the Company
AS 13.26
AS 13.27
Note 13 Non-current investments (contd.)
GN 8.7.2
GN 7.4.1
GN 7.4.2
` ` ` ` ` `
BS 6.K.i.h
GN 8.7.2.7
GN 8.7.2.9
(h) Other non-current investments (specify nature)
Total - Other investments (B)
Total (A+B)
BS 6.K.iii.c
GN 8.7.2.3
Less: Provision for diminution in value of investments
Total
BS 6.K.iii.a
AS 13.35.e
GN 8.7.2.6 Aggregate amount of quoted investments
BS 6.K.iii.a
AS 13.35.e Aggregate market value of listed and quoted investments
Aggregate value of listed but not quoted investments
BS 6.K.iii.b
AS 13.35.e Aggregate amount of unquoted investments
Note: Other details relating to investment in partnership firms
Names of
partners in the
firm
Total
capital
Share of each partner
in the profits of the
firm
Names of partners in
the firm
Total capital
Share of each partner in
the profits of the firm
1
2
Name of the firm
Particulars
Ref. No.
BS 6.K.i.g
GN 8.7.2.8
GN 8.7.2.9
Name of the Company
i
i
i
GN 8.7.2.4
GN 8.7.2.7
GN 8.7.2.5
GN 8.7.2.3
AS 13.35.d
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.
? 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.
? 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.
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.
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.
? 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 8.7.3
` `
BS 6.L.i (a) Capital advances *
BS 6.L.ii Secured, considered good
BS 6.L.ii Unsecured, considered good
BS 6.L.ii Doubtful
BS 6.L.iii Less: Provision for doubtful advances
BS 6.L.i (b) Security deposits
BS 6.L.ii Doubtful
BS 6.L.iii Less: Provision for doubtful deposits
BS 6.L.i
GN 6.15
(c) Loans and advances to related parties (give details @)
(Refer Note 30.7)
BS 6.L.ii Doubtful
BS 6.L.iii Less: Provision for doubtful loans and advances
(d) Loans and advances to employees
BS 6.L.ii Doubtful
BS 6.L.iii Less: Provision for doubtful loans and advances
BS 6.L.ii (e) Prepaid expenses - Unsecured, considered good (For e.g.
Insurance premium, Annual maintenance contracts, etc.)
BS 6.L.ii (f) Advance income tax # (net of provisions ` ___ (As at
31 March, 20X1 ` ____) - Unsecured, considered good
BS 6.L.ii (g) MAT credit entitlement # - Unsecured, considered good
BS 6.L.ii (h) Balances with government authorities
Unsecured, considered good
(i) CENVAT credit receivable
(ii) VAT credit receivable
(iii) Service Tax credit receivable
BS 6.L.i (i) Other loans and advances (specify nature)
BS 6.L.ii Doubtful
BS 6.L.iii Less: Provision for other doubtful loans and advances
Total
Name of the Company
Note 14 Long-term loans and advances
Name of the Company
GN 8.7.3
Ref. No.
i
i
i
BS 6.L.iv Note: Long-term loans and advances include amounts due from:
` `
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
# The current portion of advance tax and MAT credit entitlement, if any, needs to be disclosed under Note 20 - Short-
term loans and advances.
? *Or any of them either severally or jointly with any other person to be stated separately.
* Capital advances should be classified as non-current since the Company would not expect these to be realised in
cash but would be converted / settled through fixed assets, which are non-current in nature.
@ Details of loans and advances to related parties should be given in accordance with the disclosure requirements
contained in AS 18 Related Party Disclosures .
Note 14 Long-term loans and advances (contd.)
Particulars
GN 8.7.4
` `
BS 6.M.i (a) Long-term trade receivables # (including trade
receivables on deferred credit terms) (Refer Note below)
BS 6.M.iii Secured, considered good
BS 6.M.iii Unsecured, considered good
BS 6.M.iii Doubtful
BS 6.M.iii Less: Provision for doubtful trade receivables
(b) Unamortised expenses
AS 16.4 (i) Ancillary borrowing costs
(ii) Share issue expenses (where applicable)
(iii) Discount on shares (where applicable)
(c) Accruals
(i) Interest accrued on deposits
(ii) Interest accrued on investments
(iii) Interest accrued on trade receivables
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
i
i
BS 6.M.iii Note: Long-term trade receivables include debts due from:
` `
Directors *
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
Name of the Company
Note 15 Other non-current assets
# 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.
Name of the Company
AS 13.26
AS 13.27
GN 8.8.1
Note 16 Current investments
GN 7.4
GN 7.4.2
Quoted # Unquoted # Total Quoted Unquoted Total
` ` ` ` ` `
BS 6.N.ii.a A. Current portion of long-term investments (At cost)
(a) Investment in preference shares (give details separately for fully / partly paid up shares)
(b) Investment in government or trust securities (give details)
(c) Investment in debentures or bonds (give details separately for fully / partly paid up debentures /
bonds)
(d) Investment in mutual funds (give details)
(e) Other investments (specify nature)
BS 6.N.ii.d
GN 8.7.2.3 Less: Provision for diminution in value of current portion of long-term investments
Total -Current portion of long-term investments (A)
GN 8.7.2.5 B. Other current investments (At lower of cost and fair value, unless otherwise stated)
BS 6.N.i.a
GN 8.7.2.7
(a) Investment in equity instruments (give details separately for fully / partly paid up instruments)
(i) of subsidiaries
(ii) of associates
BS 6.N.i.b
GN 8.7.2.7
(b) Investment in preference shares (give details separately for fully / partly paid up shares)
(i) of subsidiaries
(ii) of associates
BS 6.N.i.c (c) Investment in government or trust securities
(i) government securities
(ii) trust securities
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
BS 6.N.i.e (e) Investment in mutual funds (give details)
Ref. No.
Name of the Company
AS 13.26
AS 13.27
GN 8.8.1
Note 16 Current investments (contd.)
GN 7.4
GN 7.4.2
` ` ` ` ` `
BS 6.N.i.f
GN 8.7.2.9
(f) Investment in partnership firms (Refer Note (i) below)
BS 6.K.i.g
GN 8.7.2.7
GN 8.7.2.9
(g) Other investments (specify nature)
Total - Other current investments (B)
Total - Current investments (A+B)
BS 6.N.ii.b
AS 13.35.e
GN 8.7.2.6 Aggregate amount of quoted investments
BS 6.N.ii.b
AS 13.35.e
GN 8.7.2.6 Aggregate market value of listed and quoted investments
Aggregate value of listed but not quoted investments
BS 6.N.ii.c
AS 13.35.e
Aggregate amount of unquoted investments
BS 6.N.ii.d
GN 8.8.1.ii Aggregate provision for diminution (write down) in the value of other current investments
Notes: (i) Other details relating to investment in partnership firms
Names of
partners in
the firm
Total
capital
Share of each
partner in the
profits of the
firm
Names of
partners in
the firm
Total capital
Share of each
partner in the
profits of the firm
1
2
i
i
i
GN 8.7.2.4
GN 8.7.2.7
GN 8.7.2.5
GN 7.4
GN 7.4.2
Ref. No.
? 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. 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.
BS 6.N.i.f
GN 8.7.2.8
GN 8.7.2.9
Name of the firm
(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.
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.
# 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.
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 8.8.2
GN 7.1.5
BS 6.O.iii
` `
AS 2.26.b
BS 6.O.i (a) Raw materials
BS 6.O.ii Goods-in-transit
BS 6.O.i (b) Work-in-progress @ (Refer Note below)
BS 6.O.i (c) Finished goods (other than those acquired for trading)
BS 6.O.i (d) Stock-in-trade (acquired for trading)
BS 6.O.i (e) Stores and spares
BS 6.O.i (f) Loose tools
BS 6.O.i (g) Others (Specify nature)
Total
i
PL 5.iii
GN 10.8.1
Note: Details of inventory of work-in-progress
` `
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".
Name of the Company
Note 17 Inventories
(At lower of cost and net realisable value)
Ref. No.
@ 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.
Particulars
Name of the Company
GN 8.8.3
GN 8.7.4
` `
BS 6.P.i Trade receivables outstanding for a period exceeding six
months from the date they were due for payment #
BS 6.P.ii Secured, considered good
BS 6.P.ii Unsecured, considered good
BS 6.P.ii Doubtful
BS 6.P.iii Less: Provision for doubtful trade receivables
BS 6.P Other Trade receivables
BS 6.P.ii Secured, considered good
BS 6.P.ii Unsecured, considered good
BS 6.P.ii Doubtful
BS 6.P.iii Less: Provision for doubtful trade receivables
Total
i
i
BS 6.P.iv Note: Trade receivables include debts due from:
` `
Directors *
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
Note 18 Trade receivables @
Ref. No.
@ 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.
GN 8.8.4
GN 6.4
` `
BS 6.Q.i (a) Cash on hand
BS 6.Q.i (b) Cheques, drafts on hand
BS 6.Q.i (c) Balances with banks
(i) In current accounts
(ii) In EEFC accounts
(iii) In deposit accounts (Refer Note (i) below)
BS 6.Q.ii (iv) In earmarked accounts
- Unpaid dividend accounts
- Unpaid matured deposits
- Unpaid matured debentures
- Share application money received for allotment of
securities and due for refund
BS 6.Q.iii - Balances held as margin money or security against
borrowings, guarantees and other commitments
(Refer Note (i) below)
- Other earmarked accounts (specify) (Refer Note (ii)
below)
BS 6.Q.i (d) Others (specify nature)
Total
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
Notes:
BS 6.Q.v
BS 6.Q.iv
i
@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.
Name of the Company
Note 19 Cash and cash equivalents @
(ii) Balances with banks - Other earmarked accounts include ` ____ (As at 31 March, 20X1 ` ____) which have
restriction on repatriation.
(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.
GN 8.8.5
GN 8.7.3
` `
BS 6.R.i
GN 6.15
(a) Loans and advances to related parties
(give details @) (Refer Note 30.7)
BS 6.R.ii Secured, considered good
BS 6.R.ii Unsecured, considered good
BS 6.R.ii Doubtful
BS 6.R.iii Less: Provision for doubtful loans and advances
BS 6.R.i (b) Security deposits
BS 6.R.ii Doubtful
BS 6.R.iii Less: Provision for doubtful deposits
BS 6.R.i (c) Loans and advances to employees
BS 6.R.ii Doubtful
BS 6.R.iii Less: Provision for doubtful loans and advances
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
(e) Balances with government authorities
Unsecured, considered good
(i) CENVAT credit receivable
(ii) VAT credit receivable
(iii) Service Tax credit receivable
BS 6.R.i (f) Inter-corporate deposits
BS 6.R.ii Doubtful
BS 6.R.iii Less: Provision for doubtful inter-corporate deposits
BS 6.R.i (g) Others (specify nature)
BS 6.R.ii Doubtful
BS 6.R.iii Less: Provision for other doubtful loans and advances
Total
i
Name of the Company
Note 20 Short-term loans and advances
@ Details of loans and advances to related parties should be given in accordance with the disclosure requirements
contained in AS 18 Related Party Disclosures .
Name of the Company
GN 8.8.5
GN 8.7.3
Ref. No.
BS 6.R.iv Note: Short-term loans and advances include amounts due from:
` `
Directors *
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
Note 20 Short-term loans and advances (contd.)
Particulars
Name of the Company
BS 6.S
GN 8.8.6
Note 21 Other current assets
` `
(a) Unbilled revenue
(b) Unamortised expenses
AS 16.4 (i) Ancillary borrowing costs
(ii) Share issue expenses (where applicable)
(iii) Discount on shares (where applicable)
(c) Accruals
(i) Interest accrued on deposits
(ii) Interest accrued on investments
(iii) Interest accrued on trade receivables
(d) Others
(i) Insurance claims
GN 8.8.6 (ii) Receivables on sale of fixed assets
GN 8.8.6 (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.
i
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.
Name of the Company
GN 9.1 Note 22 Revenue from operations
PL 2.A
For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
` `
(a) Sale of products @ (Refer Note (i) below)
(b) Sale of services @ (Refer Note (ii) below)
GN 9.1.7
GN 9.1.8
GN 9.1.9
(c) Other operating revenues # (Refer Note (iii) below)
Less:
AS 9.10
GN 9.1.2 (d) Excise duty
Total
For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
` `
PL 5.ii.d (i) Sale of products comprises @:
GN 10.8.1 Manufactured goods
GN 10.7.b.iv 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 (ii) Sale of services comprises @:
GN 10.8.3 Service P
Service Q
Service R
Others
Total - Sale of services
GN 9.1.7
GN 9.1.8
GN 9.1.9
(iii) Other operating revenues # comprise:
Sale of scrap
Duty drawback and other export incentives
Others (specify nature)
Total - Other operating revenues
i
i
PL 5.i.c
AS 9.14
GN 9.1.1
GN 9.1.6
Ref. No. Note Particulars
# 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.
@Details required to be given under broad heads for purchase of traded goods and sales/service should be determined based
on the nature of each business and other facts and circumstances. Normally 10% of total value of purchase of traded goods and
sales/service, 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.
? 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.
?The Company should disclose the circumstances in which revenue recognition has been postponed pending the resolution
of significant uncertainties.
Name of the Company
GN 9.2
GN 9.1.7
Note 23 Other income
31 March, 20X2
For the year ended
31 March, 20X1
` `
PL 4.a
PL 5.1.d
AS 13.35.c.i
GN 9.2.2
(a) Interest income (Refer Note (i) below)
(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
(c) Net gain on sale of:
AS 13.35.c.ii current investments
AS 13.35.c.iii long-term investments
PL 5.i.h
GN 10.1
AS 13.33
(d) Adjustments to the carrying amount of investments - reversal of reduction in the carrying amount
of:
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
Note For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
` `
(i) Interest income comprises:
Interest from banks on:
deposits
other balances
Interest on loans and advances
Interest on overdue trade receivables
Interest income from current investments
subsidiaries
joint ventures
associates
others
Interest income from long term investments
subsidiaries
joint ventures
associates
others
Interest on income tax refund
Other interest
Total - Interest income
PL 5.i.d
AS 13.35.c.i
GN 9.2.2
GN 9.2.4
Ref. No.
PL 4.b
PL 5.i.f
PL 5.vii.a
AS 13.35.c.i
GN 9.2.3
GN 9.2.4
Name of the Company
GN 9.2
GN 9.1.7
Note 23 Other income (contd.)
31 March, 20X2
For the year ended
31 March, 20X1
` `
(ii) Other non-operating income comprises:
AS 13.35.c.i Rental income from investment properties
AS 19.40 Rental income from operating leases
AS 10.26
GN 9.1.8
GN 9.2.5
Profit on sale of fixed assets [net of expenses directly attributable ` ___ (Year ended 31 March,
20X1 ` ___)]
GN 9.3 Share of profit from partnership firms #
GN 9.3.8 Share of profit from AOPs #
GN 9.4 Share of profit from LLPs *
PL 5(v)(b)
GN 10.11
Liabilities / provisions no longer required written back
PL 5(i)(l)
AS 5.15
Prior period items (net) (Refer Note (iii) below)
GN 9.2.5 Miscellaneous income [net of expenses directly attributable ` ___ (Year ended 31 March, 20X1 `
___)]
Total - Other non-operating income
PL 5(i)(l) (iii) Details of Prior period items (net)
GN 10.4 Prior period income (give details)
GN 10.4 Prior period expenses (give details)
Total
i
i
i
PL 5(i)(c)
GN 9.2.4
@ 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.
? 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
GN 9.5.1 Note 24.a Cost of materials consumed @
GN 10.5 to 10.8
For the year ended 31
March, 20X2
For the year ended
31 March, 20X1
` `
Opening stock
Add: Purchases
Less: Closing stock
Cost of material consumed
Material consumed comprises:
PL 5.ii.(a)(1) Raw material 1
GN 9.5.1.1
GN 9.5.1.2 Raw material 2
GN 9.5.1.3
GN 9.5.1.4 Raw material 3
GN 9.5.1.5
GN 9.5.1.6 Other items
GN 9.5.1.7
Total
GN 9.5.2 Note 24.b Purchase of traded goods @
GN 10.5 to 10.8
Particulars For the year ended 31
March, 20X2
For the year ended
31 March, 20X1
` `
PL 5.ii.(a)(2) Traded good M
PL 5.ii.(b)
Traded good N
Traded good O
Other items
Total
GN 9.5.3 Note 24.c Changes in inventories of finished goods, work-in-progress and stock-in-trade @
GN 10.5 to 10.8
March, 20X2
For the year ended
31 March, 20X1
` `
PL 5.iii Inventories at the end of the year:
Finished goods
Work-in-progress
Stock-in-trade
Inventories at the beginning of the year:
Finished goods
Work-in-progress
Stock-in-trade
Net (increase) / decrease
Ref. No.
t
Name of the Company
GN 9.5.1 Note 24.a Cost of materials consumed / 24.b Purchase of traded goods /
GN 10.5 to 10.8 24.c Changes in inventories of finished goods, work-in-progress and stock-in-trade (contd.)
Ref. No.
i
i
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.
@ 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.
Particulars
i
Name of the Company
GN 9.5.4 Note 25 Employee benefits expense
For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
` `
PL 5.(i)(a)
GN 9.5.4.1
Salaries and wages #
GN 9.5.4.2 Contributions to provident and other funds (Refer Note 30.4) @
GN 9.5.4.3 Expense on employee stock option (ESOP) scheme (Refer Note 31) *
GN 9.5.4.4 Staff welfare expenses **
Total
i
i
i
i
** Staff welfare expenses would include contribution / accrual for post-employment medical benefits, ESIC, Labour Welfare
Fund, etc.
# Salaries and wages would include: Salaries, wages, bonus, compensated absences and all other amounts payable to
employees in respect of services rendered as per their employment terms under a contract of service / employment.
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.
Name of the Company
GN 9.5.5 Note 26 Finance costs
March, 20X2
For the year ended
31 March, 20X1
` `
PL 3 (a)
PL 5.i.(e)
GN 9.5.5 A
(a) Interest expense on:
(i) Borrowings
(ii) Trade payables
(iii) Others
GN 9.8.1.3 - Interest on delayed / deferred payment of income tax
- Others (give details)
PL 3 (b)
GN 9.5.5 B
(b) Other borrowing costs @
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
i
@ 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.
Name of the Company
GN 9.5.7 Note 27 Other expenses
For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
` `
PL 5 (vi)(a) Consumption of stores and spare parts
Consumption of loose tools *
Consumption of packing materials @
Increase / (decrease) of excise duty on inventory
Subcontracting *
PL 5 (vi)(b) Power and fuel
Water *
PL 5 (vi)(c) Rent including lease rentals (Refer Note 30.8.d)
PL 5 (vi)(d) Repairs and maintenance - Buildings
PL 5 (vi)(e) Repairs and maintenance - Machinery
Repairs and maintenance - Others *
PL 5 (vi)(g) Insurance
PL 5 (vi)(h) Rates and taxes
Communication *
Travelling and conveyance *
Printing and stationery*
Freight and forwarding *
Sales commission *
Sales discount *
Business promotion *
GN 6.7 Donations and contributions
Legal and professional *
PL 5(i)(j)
GN 10.3
Payments to auditors (Refer Note (i) below)
Bad trade and other receivables, loans and advances written off
PL 5.i.i
GN 10.2
AS 11.40.a
Net loss on foreign currency transactions and translation (other than considered as
finance cost)
Amortisation of share issue expenses and discount on shares *
AS 10.26 Loss on fixed assets sold / scrapped / written off
AS 28.121.b Provision for impairment of fixed assets and intangibles (net) #
PL 4.c
PL 5.i.g
Net loss on sale of investments
AS 13.35.c.ii from current investments
AS 13.35.c.iii from long-term investments
PL 5 (vii)(b)
GN 10.12
Provision for losses (diminution in value of investments) in subsidiary companies
(net) #
PL 5.i.h
GN 10.1
Adjustments to the carrying amount of investments (other than subsidiaries) (net) -
reduction in the carrying amount of:#
Provision for doubtful trade and other receivables, loans and advances (net) #
Provision for estimated loss on derivatives (net) #
Provision for warranty [net of reversal of ` ___ (Year ended 31 March, 20X1 ` ____)]
* (Refer Note 30.14)
Provision for estimated losses on onerous contracts [net of reversal of ` ___ (Year
ended 31 March, 20X1 ` ____)] # (Refer Note 30.14)
Provision for contingencies [net of reversal of ` ___ (Year ended 31 March, 20X1 `
____)] # (Refer Note 30.14)
AS 5.15 Prior period items (net) # (Refer Note (ii) below)
PL 5 (vi)(i) Miscellaneous expenses *
Total
PL 5(v)(a)
PL 5(v)(b)
GN 10.11
Name of the Company
GN 9.5.7 Note 27 Other expenses (contd.)
Ref. No.
i
i
i
i
i
Notes:
For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
` `
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
i
PL 5(i)(l) (ii) Details of Prior period items (net)
GN 10.4 Prior period expenses (give details)
Prior period income (give details)
Total
PL5(i)(c)
Particulars
? * 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 the criteria may be included as part of Miscellaneous expenses.
@ Consumption of packing materials which are not classified by the Company as part of raw materials should be disclosed
separately under Other expenses.
# In case of net credit the amount should be included under Other operating revenue in Note 22 Revenue from operations or under
Other income in Note 23, as applicable.
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.
If an impairment loss is recognised or reversed by the Company, then additional disclosures as required under AS 28 Impairment
of Assets needs to be given.
Certain donations need to be disclosed as required under Section 293A / 293B of the Companies Act, 1956.
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.
Particulars
Name of the Company
GN 9.6 Note 28.a Exceptional items @
For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
` `
PL 5.i.k
AS 5.12
AS 5.13
AS 5.14
(Give details)
Total
i
GN 9.7 Note 28.b Extraordinary items #
For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
` `
PL 5.i.k
AS 5.4.2
AS 5.8
(Give details)
AS 12.20 Government grants that have become refundable
Total
i
# 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.
@ 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.
Name of the Company
GN 6.13 Note 29 Additional information to the financial statements
Note
29.1 Monies received against share warrants
BS 6.A.h
GN 8.1.3
29.2 Share application money pending allotment
BS 6.A.h
GN 8.2
GN 8.2.3
` `
29.3 Contingent liabilities and commitments (to the extent not provided for)
BS 6.T.i (i)
AS 29.68
GN 8.8.7.1
GN 8.8.7.2
AS 29.71
AS 29.72
BS 6.T.ii
GN 8.8.7.3
(ii)
` `
AS 26.94.d
GN 8.8.7.4
GN 8.8.7.6
The Board of Directors of the Company at their meeting held on X July, 20XX and as approved at its Annual General Meeting held on
XX July, 20XX have resolved to create, offer, issue and allot up to _____ warrants, convertible into _____ equity shares of ` __/- each
on a preferential allotment basis, pursuant to Section 81(1A) of the Companies Act, 1956, at a conversion price of ` ___/- per equity
share of the Company, arrived at in accordance with the SEBI Guidelines in this regard and subsequently these warrants were allotted
on (date) to the promoters and the 10% application money amounting to ` ______ was received from them. The warrants may be
converted into equivalent number of shares on payment of the balance amount at any time on or before 31 July, 20XX. In the event
the warrants are not converted into shares within the said period, the Company is eligible to forfeit the amounts received towards the
warrants.
As at 31 March 20X2, the Company has received an amount of `_____ towards share application money towards ____ equity /
preference shares of the Company (As at 31 March, 20X1 ` ____ towards ____ equity/preference shares) at a premium of ` ____ (As
at 31 March, 20X1 ` ____). The share application money was received pursuant to an invitation to offer shares and in terms of such
invitation, the Company is required to complete the allotment formalities by _____ (As at 31 March, 20X1 ______). The Company has
sufficient authorised capital to cover the allotment of these shares. Pending allotment of shares, the amounts are maintained in a
designated bank account and is not available for use by the Company.
? 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.
Contingent liabilities
(a) Claims against the Company not acknowledged as debt (give details)
(b) Guarantees @ (give details)
(c) Other commitments (specify nature)
(c) Other money for which the Company is contingently liable (give details)
?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.
?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.
Commitments #
(a) Estimated amount of contracts remaining to be executed on capital account
and not provided for
Tangible assets
Intangible assets
(b) Uncalled liability on shares and other investments partly paid
Name of the Company
GN 6.13 Note 29 Additional information to the financial statements (contd.)
Note
i
i
BS 6.V
GN 8.8.7.8
29.4 Details of unutilised amounts out of issue of securities made for specific purpose
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
` `
Listing
Clause
29.6 Disclosure as per Clause 32 of the Listing Agreements with the Stock Exchanges
GN 6.9
Name of the party Relationship Amount outstanding
as at 31 March, 20X2
Maximum balance
outstanding during the
year
AAA BBB
(XXX) (YYY)
Note: Figures in bracket relate to the previous 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
Particulars
(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
Loans and advances in the nature of loans given to subsidiaries, associates and others and investment in shares of the Company by
such parties:
@ 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.
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.
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.
Name of the Company
Note
Other Ann /
Gn
29.7
GN 6.9
(i) Outstanding forward exchange contracts entered into by the Company as on 31 March, 20X2
Currency Amount Buy / Sell Cross currency
AUD XXX Buy Rupees
AUD (AAA) Buy Rupees
USD YYY Sell Rupees
USD (ZZZ) Sell Rupees
Note: Figures in brackets relate to the previous year
(ii) Outstanding option contracts entered into by the Company as on 31 March, 20X2
Currency Amount Buy / Sell Cross currency
AUD XXX Buy Rupees
AUD (AAA) Buy Rupees
USD YYY Sell Rupees
USD (ZZZ) Sell Rupees
Receivable/ Receivable/ (Payable) Receivable/ Receivable/ (Payable)
(Payable) in Foreign currency (Payable) in Foreign currency
`
(indicate amount with
currency)
`
(indicate amount with
currency)
GN 6.9 29.8
Particulars
` `
Total amount received from issue of fully convertible debentures aaa
Total amount received from issue of warrants bbb xxx
Purpose for which the money received has been utilized :
a. Capital expenditure ppp
b. Working capital qqq rrr
Unutilised monies as at 31 March, 20X2 xyz
29.9 Details of fixed assets held for sale As at 31 March, 20X2 As at 31 March, 20X1
` `
Building
Plant and machinery
Office equipment
Vehicles
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.
(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:
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
Total
Name of the Company
Note
PL 5(viii)(a)
GN 11.1
29.10 For the year ended 31
March, 20X2
March, 20X1
` `
Raw materials
Components
Spare parts
Total Components and spare parts
Capital goods
i
PL 5 (viii)(b)
GN 11.2
29.11 Expenditure in foreign currency #: For the year ended 31
March, 20X2
March, 20X1
` `
Royalty
Know-how
Professional and consultation fees
Interest
Other matters
i
PL 5(viii)(c)
GN 11.3
29.12 Details of consumption of imported and indigenous items *
` %
Imported
Raw materials PPP q%
(XXX) (a%)
Components PPP q%
(YYY) (b%)
Spare parts PPP q%
(ZZZ) (c%)
Total RRR ad%
(PPP) (bc%)
Value of imports calculated on CIF basis @:
For the year ended
31 March, 20X2
@ 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.
# The following guidance, summarised based on the ICAI Guidance Note on Revised Schedule VI, may be considered in presenting
(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.
Name of the Company
Note
Indigenous
` %
Raw materials SSS t%
(QQQ) (r%)
Components SSS t%
(AAA) (s%)
Spare parts SSS t%
(BBB) (t%)
Total MMM np%
(FFF) (st%)
Note: Figures / percentages in brackets relates to the previous year
i
March, 20X2
March, 20X1
` `
PL 5.(viii).(e)
GN 11.5
29.13 Earnings in foreign exchange @@:
Export of goods calculated on FOB basis
Interest and dividend
Other income, indicating the nature thereof.
i
PL 5.(viii).(d)
GN 11.4
29.14 For the year ended 31
March, 20X2
March, 20X1
` `
Amount of dividend remitted in foreign currency
Total number of shares held by them on which dividend was due
Year to which the dividend relates
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.
## Where dividend has been paid to non-resident shareholders in Indian Rupees or where the dividend has been deposited into their
Rupee account in a bank in India, details of the same may be provided as an additional information, if required.
For the year ended
31 March, 20X2
* The following guidance, summarised based on the ICAI Guidance Note on Revised Schedule VI, may be considered in presenting
(a) The disclosure should be made based on consumption of items and not items purchased.
(b) Disclosure should be made even if the Company has not incurred the foreign currency expenditure.
(c) Only items of 'direct' import by the Company are considered as imported.
(d) Where the records of raw materials and components are maintained together, the information required under this clause may be
presented collectively.
@@ 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.
(b) The disclosure may be made gross of tax with a mention of the net of tax earnings and withholding taxes.
Amounts remitted in foreign currency during the year on account of
dividend ##
Royalty, know-how, professional and consultation fees
Total number of non-resident shareholders (to whom the dividends were
remitted in foreign currency)
Name of the Company
GN 6.13 Note 30 Disclosures under Accounting Standards
31 March, 20X2
For the year ended
31 March, 20X1
` `
AS 7 30.1 Details of contract revenue and costs
AS 7.38.a Contract revenue recognised during the year
AS 7.39.a Aggregate of contract costs incurred and recognised profits (less recognised
losses) upto the reporting date
AS 7.39.b Advances received for contracts in progress
AS 7.39.c Retention money for contracts in progress
AS 7.41.a Gross amount due from customers for contract work (asset)
AS 7.41.b Gross amount due to customers for contract work (liability)
Name of the Company
GN 6.13 Note 30 Disclosures under Accounting Standards (contd.)
31 March, 20X2
For the year ended
31 March, 20X1
` `
AS 12 30.2 Details of government grants
AS 12.23.ii 30.2.a Government grants received by the Company during the year towards
- Subsidies (recognised under _____)
- Duty drawback (recognised under Other operating revenues)
- Other incentives (specify nature) (recognised under ____)
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.
Name of the Company
Note
AS 14 30.3 Details of amalgamations
AS 14.43
AS 14.45
Value of assets and liabilities acquired: ` `
Fixed assets aaa
Net current assets (give details) bbb
Secured loans ccc
Unsecured loans ddd XXX
Less:
Carrying value of investments in the Transferor Companies eee
Value of shares of the Company issued to the minority shareholders hhh YYY
Difference considered as goodwill / capital reserve QQQ
Year ended
31 March, 20X2
Ref. No.
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.
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:
Particulars
Name of the Company
Note Particulars
AS 15 30.4 Employee benefit plans
AS 15.47 30.4.a Defined contribution plans
i
AS 15.120.b 30.4.b Defined benefit plans
The Company offers the following employee benefit schemes to its employees:
i. Gratuity
ii. Post-employment medical benefits
iii. Other defined benefit plans (specify nature)
`
Gratuity Post-employment
medical benefits
Other defined
benefit plans
(specify nature)
medical benefits
Other defined
benefit plans
(specify nature)
AS 15.120.g Components of employer expense
Current service cost
Interest cost
Expected return on plan assets
Curtailment cost / (credit)
Settlement cost / (credit)
Past service cost
Actuarial losses/(gains)
Total expense recognised in the Statement of Profit and
Loss
Actual contribution and benefit payments for year
Actual benefit payments
Actual contributions
AS 15.120.f Net asset / (liability) recognised in the Balance Sheet
AS 15.120.d Present value of defined benefit obligation
Fair value of plan assets
Funded status [Surplus / (Deficit)]
Unrecognised past service costs
Net asset / (liability) recognised in the Balance Sheet
Ref. No.
The following table sets out the funded status of the defined benefit schemes and the amount recognised in the financial statements:
Particulars Year ended 31 March, 20X2 Year ended 31 March, 20X1
The Company makes Provident Fund and Superannuation Fund contributions to defined contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a
specified percentage of the payroll costs to fund the benefits. The Company recognised ` ___________ (Year ended 31 March, 20X1 ` __________) for Provident Fund contributions and ` _____
(Year ended 31 March, 20X1 ` _______) for Superannuation Fund contributions in the Statement of Profit and Loss. The contributions payable to these plans by the Company are at rates specified in
the rules of the schemes.
In case the company has contributions to foreign defined contribution plans and benefit plans, the details of the same should be disclosed.
Name of the Company
`
Note
medical benefits
Other defined
benefit plans
(specify nature)
medical benefits
Other defined
benefit plans
(specify nature)
AS 15.120.c Change in defined benefit obligations (DBO) during the
year
Present value of DBO at beginning of the year
Current service cost
Interest cost
Curtailment cost / (credit)
Settlement cost / (credit)
Plan amendments
Acquisitions
Actuarial (gains) / losses
Past service cost
Benefits paid
Present value of DBO at the end of the year
AS 15.120.e Change in fair value of assets during the year
Plan assets at beginning of the year
Acquisition adjustment
Actual company contributions
Actuarial gain / (loss)
Benefits paid
Plan assets at the end of the year
AS 15.120.k Actual return on plan assets
AS 15.120.h Composition of the plan assets is as follows:
Government bonds
PSU bonds
Equity mutual funds
Others
AS 15.120.l Actuarial assumptions
Discount rate
AS 15.120.j Expected return on plan assets
Salary escalation
Attrition
Medical cost inflation
Mortality tables
Performance percentage considered
AS 15.120.o Estimate of amount of contribution in the immediate next
year
Particulars Year ended 31 March, 20X2 Year ended 31 March, 20X1 Ref. No.
Name of the Company
Ref. No. Note
AS 15.120.j
AS 15.120.l
AS 15.120.m Increase by 1% Decrease by 1% Increase by 1% Decrease by 1%
Aggregate current service and interest cost
Closing balance of obligation
AS 15.120.n Experience adjustments `
20X2-20X1 20X1- 20X0 2nd prior year 3rd prior year 4th prior year
Gratuity
Present value of DBO
Experience gain / (loss) adjustments on plan liabilities
Experience gain / (loss) adjustments on plan assets
Post Employment medical Benefits
Other defined benefit plans (specify nature)
For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
Actuarial assumptions for long-term compensated
absences
Discount rate
Salary escalation
Attrition
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.
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 31 March, 20X2 31 March, 20X1
Name of the Company
31 March, 20X2
For the year ended
31 March, 20X1
` `
AS 16 30.5 Details of borrowing costs capitalised
AS 16.23.b Borrowing costs capitalised during the year
- as fixed assets / intangible assets / capital
work-in-progress
- as inventory
Name of the Company
Note
AS 17 30.6 Segment information
AS 17.58
Total
A B Eliminations
` ` ` `
AS 17.40.a Revenue YYY YYY YYY YYY
(XXX) (XXX) (XXX) (XXX)
AS 17.40.a Inter-segment revenue YYY YYY YYY YYY
Total YYY YYY YYY YYY
AS 17.40.b Segment result YYY YYY YYY YYY
Unallocable expenses (net) YYY
(XXX)
Operating income YYY
(XXX)
Other income (net) YYY
(XXX)
Profit before taxes YYY
(XXX)
Tax expense YYY
(XXX)
Net profit for the year YYY
(XXX)
Ref. No.
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.
Business segments
AS 17.46
Particulars
For the year ended 31 March, 20X2 Particulars
Name of the Company
Note
Total
A B
` ` `
AS 17.40.c Segment assets YYY YYY YYY
(XXX) (XXX) (XXX)
Unallocable assets YYY
(XXX)
Total assets YYY
(XXX)
AS 17.40.d Segment liabilities YYY YYY YYY
(XXX) (XXX) (XXX)
Unallocable liabilities YYY
(XXX)
Total liabilities YYY
(XXX)
Other information
AS 17.40.e Capital expenditure (allocable) YYY YYY YYY
(XXX) (XXX) (XXX)
AS 17.46 Capital expenditure (unallocable) YYY
(XXX)
AS 17.40.f Depreciation and amortisation (allocable) YYY YYY YYY
(XXX) (XXX) (XXX)
AS 17.46 Depreciation and amortisation (unallocable) YYY
(XXX)
AS 17.40.g Other significant non-cash expenses (allocable) (give details) YYY YYY YYY
(XXX) (XXX) (XXX)
AS 17.46 Other significant non-cash expenses (unallocable) YYY
(XXX)
For the year ended 31 March, 20X2 Ref. No. Particulars
Business segments
AS 17.46
AS 17.46
Name of the Company
Note
AS 17.48
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
` ` `
Americas YYY YYY YYY
(XXX) (XXX) (XXX)
Europe YYY YYY YYY
(XXX) (XXX) (XXX)
India YYY YYY YYY
(XXX) (XXX) (XXX)
Others YYY YYY YYY
(XXX) (XXX) (XXX)
Note: Figures in bracket relates to the previous year
AS 17.58
? Give composition of each geographical segment separately as a descriptive Note.
Geographic Segment
The geographic segments individually contributing 10 percent or more of the Companys revenues and segment assets are
shown separately:
Name of the Company
Note
AS 18
GN 6.15
30.7 Related party transactions
30.7.a Details of related parties:
AS 18.21 Description of relationship
AS 18.23 Ultimate Holding Company AA Ltd.
Holding Company A Ltd.
Ultimate Holding Company AA Ltd.
Subsidiaries
Fellow Subsidiaries (to be given only if there are transactions)
Associates
Key Management Personnel (KMP)
Relatives of KMP Mrs. Y (wife of Mr. Y), Mr. F (father of Mr. Z)
Company in which KMP / Relatives of KMP can exercise
significant influence
D Ltd in which MD(KMP) and his wife hold 50%
`
AS 18.23 30.7.b Ultimate
Holding
Company
Holding
Company
Subsidiaries Fellow
Subsidiaries
Associates KMP Relatives of
KMP
Entities in
which KMP /
relatives of
KMP have
significant
influence
Total
AS 18.24
AS 18.26
Purchase of goods YYY YYY YYY YYY YYY YYY YYY YYY YYY
(XXX) (XXX) (XXX) (XXX) (XXX) (XXX) (XXX) (XXX) (XXX)
Sale of goods YYY YYY YYY YYY YYY YYY YYY YYY YYY
Purchase of fixed assets YYY YYY YYY YYY YYY YYY YYY YYY YYY
Sale of fixed assets YYY YYY YYY YYY YYY YYY YYY YYY YYY
Rendering of services YYY YYY YYY YYY YYY YYY YYY YYY YYY
Receiving of services YYY YYY YYY YYY YYY YYY YYY YYY YYY
Agency arrangements YYY YYY YYY YYY YYY YYY YYY YYY YYY
Leasing or hire purchase arrangements YYY YYY YYY YYY YYY YYY YYY YYY YYY
Transfer of research and development YYY YYY YYY YYY YYY YYY YYY YYY YYY
License agreements YYY YYY YYY YYY YYY YYY YYY YYY YYY
Finance (including loans and equity contributions in cash or in
kind)
YYY YYY YYY YYY YYY YYY YYY YYY YYY
Guarantees and collaterals YYY YYY YYY YYY YYY YYY YYY YYY YYY
Management contracts including for deputation of employees YYY YYY YYY YYY YYY YYY YYY YYY YYY
Provision for doubtful receivables, loans and advances YYY YYY YYY YYY YYY YYY YYY YYY YYY
Write off / write back made during the year YYY YYY YYY YYY YYY YYY YYY YYY YYY
Balances outstanding at the end of the year
Trade receivables YYY YYY YYY YYY YYY YYY YYY YYY YYY
Loans and advances YYY YYY YYY YYY YYY YYY YYY YYY YYY
Trade payables YYY YYY YYY YYY YYY YYY YYY YYY YYY
Borrowings YYY YYY YYY YYY YYY YYY YYY YYY YYY
Provision for doubtful receivables, loans and advances YYY YYY YYY YYY YYY YYY YYY YYY YYY
Note: Figures in bracket relates to the previous year
Ref. No.
Names of related parties
Note: Related parties have been identified by the Management.
?Party-wise details - aggregation to be done only if the related party is < 10 % of the 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 importance depends on circumstances of the respective companies.
X Ltd. and Y Ltd.
Mr. Y and Mr. Z
B Ltd. and C (P) Ltd.
Particulars
D Ltd. and Q Ltd.
Details of related party transactions during the year ended 31 March, 20X2 and balances outstanding as at 31 March, 20X2:
Name of the Company
31 March, 20X2
For the year ended
31 March, 20X1
` `
AS 19
GN 8.8.7.5
30.8 Details of leasing arrangements
AS 19.46 As Lessor
AS 19.46.d 30.8.a The Company has entered into operating lease arrangements for certain surplus facilities. The lease is non-
cancellable for a period of ____ years from ____ and may be renewed for a further period of ___ years
based on mutual agreement of the parties.
AS 19.46.b Future minimum lease payments
not later than one year
later than one year and not later than five years
later than five years
AS 19.46.c Contingent rents recognised as income during the year (state basis)
AS 19.46.a Depreciation recognised on the leased assets
Impairment losses recognised on the leased assets
Impairment losses reversed on the leased assets
AS 19.37.f 30.8.b The Company has entered into finance lease arrangements for certain equipments and vehicles.
AS 19.37.a Future minimum lease payments and reconciliation of gross investment in the lease and present value of
minimum lease payments
Future minimum lease payments
AS 19.37.b Less: Unearned finance income
AS 19.37.a Present value of minimum lease payments receivable
AS 19.37.c Unguaranteed residual values accruing to the Company as the lessor
AS 19.37.d Accumulated provision for doubtful minimum lease payments
AS 19.37.e Contingent rents recognised as income during the year (state basis)
As Lessee
AS 19.22.f 30.8.c 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.
AS 19.22.c Reconciliation of minimum lease payments
Future minimum lease payments
Less: Unmatured finance charges
Present value of minimum lease payments payable
AS 19.22.d Contingent rents recognised as expense during the year (state basis)
As 19.22.e Future minimum sublease payments expected to be received under non-cancellable subleases
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 Future minimum lease payments
AS 19.25.c Lease payments recognised in the Statement of Profit and Loss
AS 19.25.c Contingent rents recognised as expense during the year (state basis)
AS 19.25.b Future minimum sublease payments expected to be received under non-cancellable subleases
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.
Name of the Company
31 March, 20X2
For the year ended
31 March, 20X1
` `
AS 20 30.9 Earnings per share
Basic
30.9.a Continuing operations
AS 20.11 Net profit / (loss) for the year from continuing operations
AS 20.11 Less: Preference dividend and tax thereon
AS 20.48.ii Net profit / (loss) for the year from continuing operations attributable to the equity
shareholders
AS 20.48.ii Weighted average number of equity shares
AS 20.48.ii Par value per share
AS.20.50 Earnings per share from continuing operations - Basic
30.9.b Total operations
AS 20.11 Net profit / (loss) for the year
AS 20.48.ii Net profit / (loss) for the year attributable to the equity shareholders
Earnings per share - Basic
Basic (excluding extraordinary items)
30.9.c Continuing operations
AS 20.48.i (Add) / Less: Extraordinary items (net of tax) relating to continuing operations
shareholders, excluding extraordinary items
AS.20.48.i Earnings per share from continuing operations, excluding extraordinary items - Basic
30.9.d Total operations
AS 20.48.i (Add) / Less: Extraordinary items (net of tax)
AS 20.48.ii Net profit / (loss) for the year attributable to the equity shareholders, excluding extraordinary
items
AS.20.48.i Earnings per share, excluding extraordinary items - Basic
Diluted
The diluted earnings per share has been computed by dividing the Net Profit After Tax
available for Equity Shareholders by the weighted average number of equity shares, after
giving dilutive effect of the outstanding Warrants, Stock Options and Convertible bonds for the
respective periods. Since, the effect of the conversion of Preference shares was anti-dilutive,
it has been ignored.
30.9.e Continuing operations
AS 20.48.ii Net profit / (loss) for the year attributable to the equity shareholders from continuing
operations
AS 20.29 Add: Interest expense and exchange fluctuation on convertible bonds (net)
AS 20.48.ii Profit / (loss) attributable to equity shareholders from continuing operations (on dilution)
AS 20.48.ii Weighted average number of equity shares for Basic EPS
AS 20.48.ii Add: Effect of warrants, ESOPs and Convertible bonds which are dilutive
AS 20.48.ii Weighted average number of equity shares - for diluted EPS
AS.20.50 Earnings per share, from continuing operations - Diluted
Name of the Company
31 March, 20X2
For the year ended
31 March, 20X1
` `
30.9.f Total operations
AS 20.48.ii Net profit / (loss) for the year attributable to the equity shareholders
AS 20.48.ii Profit / (loss) attributable to equity shareholders (on dilution)
AS 20.48.ii Add: Effect of Warrants, ESOPs and Convertible bonds which are dilutive
Earnings per share - Diluted
Diluted (excluding extraordinary items)
30.9.g Continuing operations
shareholders, excluding extraordinary items
AS 20.48.ii Profit / (loss) from continuing operations attributable to equity shareholders (on dilution)
AS.20.50 Earnings per share, from continuing operations, excluding extraordinary items - Diluted
30.9.h Total operations
AS 20.48.ii Net profit / (loss) for the year attributable to the equity shareholders, excluding extraordinary
items
AS 20.48.ii Profit / (loss) attributable to equity shareholders (on dilution)
Earnings per share, excluding extraordinary items - Diluted
AS 20.8
AS 20.44
? 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.
? 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.
Ref.
number
Particulars
Name of the Company
Note As at 31 March, 20X2 As at 31 March, 20X1
` `
AS 22
GN 7.6
30.10 Deferred tax (liability) / asset
AS 22.31 Tax effect of items constituting deferred tax liability
On difference between book balance and tax balance of fixed assets
On expenditure deferred in the books but allowable for tax purposes
On items included in Reserves and surplus pending amortisation into the Statement of Profit and
Loss
Others
Tax effect of items constituting deferred tax liability
AS 22.31 Tax effect of items constituting deferred tax assets
Provision for compensated absences, gratuity and other employee benefits
Provision for doubtful debts / advances
Disallowances under Section 40(a)(i), 43B of the Income Tax Act, 1961
On difference between book balance and tax balance of fixed assets
Unabsorbed depreciation carried forward
Brought forward business losses
On items included in Reserves and surplus pending amortisation into the Statement of Profit and
Loss
Others
Tax effect of items constituting deferred tax assets
Net deferred tax (liability) / asset
AS 22.32
i
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.
Name of the Company
Note
AS 24 30.11 Discontinuing operations
AS 24.20
Profit / (Loss) from ordinary activities For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
` `
Sale of products
Sale of services
Other operating revenue
AS 24.20.f Total revenue (A)
AS 24.20.f Cost of materials consumed
Purchases of stock-in-trade
Changes in inventories of finished goods, work-in-progress and stock-in-trade
Employee benefits expense
Finance costs
Depreciation and amortisation expense
Other expenses
Total expenses (B)
AS 24.20.g Profit / (Loss) before tax from ordinary activities (A-B)
AS 24.23.a Add / (Less): Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the discontinuing
operation
Tax expense
AS 24.20.g - on ordinary activities attributable to the discontinuing operations
AS 24.23.a - on gain / loss on disposal of assets / settlement of liabilities
Profit / (Loss) after tax of discontinuing operations
` `
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
For the year ended
31 March, 20X2
For the year ended
31 March, 20X1
` `
AS 24.20.h Net cash flow attributable to the discontinued business
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Ref. No.
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:
Particulars
Name of the Company
31 March, 20X2
For the year ended
31 March, 20X1
` `
AS 26
AS 26.96
30.12 Details of research and development expenditure
recognised as an expense
Materials
Employee benefits expense
Professional fees
Consumables
Interest
Travelling expenses
Rent
Depreciation
Others
Total
Name of the Company
Note Particulars
AS 27 30.13 Interest in joint ventures
`
AS 27.50 Name of companies and country of incorporation % of
shareholding
AS 27.51
AS 27.52
AS 27.53
Assets Liabilities Income Expenditure Contingent
liabilities
Capital
commitments
A Ltd. , India (audited) YY YYY YYY YYY YYY YYY YYY
(XX) (XXX) (XXX) (XXX) (XXX) (XXX) (XXX)
B Ltd. USA (unaudited) YY YYY YYY YYY YYY YYY YYY
(XX) (XXX) (XXX) (XXX) (XXX) (XXX) (XXX)
Ref. No.
The Company has interests in the following jointly controlled entities:
Amount of interest based on accounts for the year ended 31 March, 20X2
Name of the Company
Note Particulars
AS 29 30.14 Details of provisions
PL 5(v)(a)
PL 5(v)(b)
AS 29.66
GN 10.11
Particulars As at 1 April, 20X1 Additions Utilisation Reversal
(withdrawn as no
longer required)
` ` ` ` `
XXX XXX XXX XXX XXX
(XXX) (XXX) (XXX) (XXX) (XXX)
XXX XXX XXX XXX XXX
Provision for other contingencies (give details) XXX XXX XXX XXX XXX
XXX XXX XXX XXX XXX
AS 29.67 Particulars As at 31 March, 20X2 As at 31 March, 20X1
` `
YYY YYY
YYY YYY
Provision for other contingencies (give details) YYY YYY
Ref. No.
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:
Total
Note: - Figures in brackets relate to the previous year.
Of the above, the following amounts are expected to be incurred within a year:
Name of the Company
GN 6.13 Note 31 Disclosures on Employee share based payments
Ref. No. Note
31 Employee Stock Option Scheme
Gn 50(a) a)
Gn 48
Gn 50(a) b)
Gn 50(a) c)
Gn 50(b) d) Employee stock options details as on the Balance Sheet date are as follows:
Particulars
Options
(Numbers)
Weighted average
exercise price per option
(`)
Options
(Numbers)
Weighted average
exercise price per
option (`)
Option outstanding at the beginning of the year:
- ESOP A
- ESOP B
- ESOP (Director)
Granted during the year:
- ESOP A
- ESOP B
- ESOP (Director)
Vested during the year:
- ESOP A
- ESOP B
- ESOP (Director)
Exercised during the year:
- ESOP A
- ESOP B
- ESOP (Director)
Lapsed during the year:
- ESOP A
- ESOP B
- ESOP (Director)
Options outstanding at the end of the year:
- ESOP A
- ESOP B
- ESOP (Director)
Options available for grant:
- ESOP A
- ESOP B
- ESOP (Director)
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.
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.
Particulars
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.
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.
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.
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.
31 March, 20X2
31 March, 20X1
Name of the Company
GN 6.13 Note 31 Disclosures on Employee share based payments (contd.)
Ref. No. Note
e)
31 March, 20X2
For the year ended
31 March, 20X1
` `
Net Profit / (loss) (as reported)
Add / (Less): stock based employee compensation (intrinsic
value)
Add / (Less): stock based compensation expenses determined
under fair value method for the grants issued (See note (f)
below)
Net Profit / (loss) (proforma)
Basic earnings per share (as reported)
Gn 48 Basic earnings per share (proforma)
Diluted earnings per share (as reported)
Gn 48 Diluted earnings per share (proforma)
Gn 51 f)
Assumptions 31 March, 20X2 31 March, 20X1
Risk Free Interest Rate
Expected Life
Expected Annual Volatility of Shares
Expected Dividend Yield
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:
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:
Particulars
Name of the Company
Note 32 Previous year's figures
Ref No. Note
32
i
The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial
statements. This has significantly impacted the disclosure and presentation made in the financial
statements. Previous year's figures have been regrouped / reclassified wherever necessary to
correspond with the current year's classification / disclosure.
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.
Particulars

Format of Financial Statements Under The Revised Schedule VI

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Format of Financial Statements Under The Revised Schedule VI

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