Companies Act 2023: Schedule III (Division II) : Ind AS F/S Format given

It sets out Minimum requirements for presentation & disclosures

Ind AS is more powerful, Modify S III wherever required as Per Ind AS requirements
For any consolidated amounts on Face : Provide disaggregation in notes
Can Provide additional info ( Provided : Not obscuring material info, not duplicate information)
Separate disclosure : Income or Expense = > (10 Lacs or 1% of Revenue, which ever is higher) Rounding off
rules: Turnover < 100 Crores (Nearest H/Ths/Lacs/Millions), Turnover > 100 Crores (Lacs/Millions/Crores)
Cash Flow Statement : Ind AS 7

Illustrative Standalone Financial Statements

Balance Sheet as at ________

Particulars Note Figures Figures at
No. at the the end of
end of previous
current reporting
reporting period
period
(1) ASSETS
Non-current assets
(a) Property, Plant and Equipment
(b) Capital work-in-progress
(c) Investment Property
(d) Goodwill
(e) Other Intangible assets
(f) Intangible assets under
development
(g) Biological Assets other than
bearer plants
(h) Financial Assets
(i) Investments
(ii) Loans
(iii) Trade receivables
(iv) Others (to be specified)
(i) Deferred tax assets (net)
(j) Other non-current assets
(2) Current assets
(a) Inventories
(b) Financial Assets
(i) Investments
(ii) Trade receivables
 (iii) Cash and cash equivalents
(iv) Bank balances other than (iii)
above
(v) Loans
(vi) Others (to be specified)
(c) Current Tax Assets (Net)
(d) Other current assets
Assets held-for-sale / Assets
included in disposal group(s) held-
for-sale
Total Assets
(1) EQUITY AND LIABILITIES
Equity
(a) Equity Share capital
(b) Instruments entirely equity in
nature
(c) Other Equity
LIABILITIES
Non-current liabilities
(a) Financial Liabilities
(i) Borrowings
(ia) Lease liabilities
(ii) Trade payables
(A) Total outstanding dues of
Small Enterprises and Micro
enterprises
(B) Total outstanding dues of
creditors other than small
enterprises and micro
enterprises.
(iii) Other financial liabilities (other
than those specified in item
(b), to be specified)
(b) Provisions
(c) Deferred tax liabilities (Net)
 (d) Other non-current liabilities
(2) Current liabilities
(a) Financial Liabilities
(i) Borrowings
(ia) Lease liabilities
(ii) Trade payables
(A) Total outstanding dues of
Micro enterprises and Small
Enterprises
(B) Total outstanding dues of
creditors other than micro
enterprises and small
enterprises.
(iii) Other financial liabilities (other
than those specified in item
(c))
(b) Other current liabilities
(c) Provisions
(d) Current Tax Liabilities (Net)
Liabilities classified as held for sale /
Liabilities included in disposal group
held-for-sale
Total Equity and Liabilities
Statement of Changes in Equity for the year ended

A. Equity Share Capital

(1) Current reporting period
Balance at Changes in Restated Changes in Balance at
the Equity Share balance at the equity share the end of
beginning of Capital due beginning of capital during the current
the current to prior the current the current reporting
reporting period errors reporting year period
period period
(2) Previous reporting period
Balance at Changes in Restated Changes in Balance at
the Equity Share balance at the equity share the end of
beginning of Capital due beginning of capital during the
the previous to prior the previous the previous previous
reporting period errors reporting year reporting
period period period

B. Instruments entirely equity in nature ^

a. Compulsorily Convertible Preference Shares
(1) Current reporting period
Balance at Changes in Restated Changes in Balance at
the compulsorily balance at the compulsorily the end of
beginning of convertible beginning of convertible the current
the current preference the current preference reporting
reporting shares due reporting shares during period
period to prior period the period
period errors

(2) Previous reporting period

Balance at Changes in Restated Changes in Balance at
the compulsorily balance at the compulsorily the end of
beginning of convertible beginning of convertible the
the previous preference the previous preference previous
reporting shares due reporting shares during reporting
period to prior period the period period
period errors
b. Compulsorily Convertible Debentures
(1) Current reporting period
Balance at Changes in Restated Changes in Balance at
the compulsorily balance at the compulsorily the end of
beginning of convertible beginning of convertible the current
the current debentures the current debentures reporting
reporting due to prior reporting during the period
period period errors period period

(2) Previous reporting period

Balance at Changes in Restated Changes in Balance at
the compulsorily balance at the compulsorily the end of
beginning of convertible beginning of convertible the
the previous debentures the previous debentures previous
reporting due to prior reporting during the reporting
period period errors period period period

c. [Instrument] (Any other instrument entirely equity in nature)

(1) Current reporting period
Balance at Changes in Restated Changes in Balance at
the [Instrument] balance at the [Instrument] the end of
beginning of due to prior beginning of during the the current
the current period errors the current period reporting
reporting reporting period
period period

(2) Previous reporting period

Balance at Changes in Restated Changes in Balance at
the [Instrument] balance at the [Instrument] the end of
beginning of due to prior beginning of during the the previous
the previous period errors the previous period reporting
reporting reporting period
period period
C. Other Equity
(1) Current reporting period
Share Equity Reserves and Surplus Debt Equity Effectiv Reval Exchange Other Mon Tot
applicat compo instrument instrume e uation difference items of ey al
ion nent of s through nts portion Surpl s on Other recei
money compo Other through of us translatin Compreh ved
pending und Comprehe Other Cash g the ensive agai
allotme financi nsive Compreh Flow financial Income nst
nt al Income ensive Hedge statement (specify shar
instru Income s s of a nature) e
ments foreign warr
operation ant

Capit Securit Other Retai

al ies Reserv ned
Rese Premiu es Earni
rve m (specif ngs
y
nature)

Balance at
the
beginning of
the current
reporting
period

Changes in
accounting
policy or
prior period
errors

Restated
balance at
the
beginning of
the current
reporting
period

Total
Comprehen
sive Income
for the
current year

Dividends

Transfer to
retained
earnings

Any other
change (to
be
specified)

Balance at
the end of
the current
reporting
period
(2) Previous reporting period
Share Equity Reserves and Surplus Debt Equity Effectiv Reval Exchang Other Mon Tot
applicat compo instrument instrume e uation e items of ey al
ion nent of s through nts portion Surpl differenc Other recei
money compo Other through of us es on Compreh ved
pending und Comprehe Other Cash translati ensive agai
allotme financi nsive Compreh Flow ng the Income nst
nt al Income ensive Hedge financial (specify shar
instru Income s stateme nature) e
ments nts of a warr
foreign ant
operatio
n

Capit Securit Other Retai

al ies Reserv ned
Rese Premiu es Earni
rve m (specif ngs
y
nature)

Balance at
the
beginning of
the previous
reporting
period

Changes in
accounting
policy or
prior period
errors

Restated
balance at
the
beginning of
the previous
reporting
period

Total
Comprehen
sive Income
for the
previous
year
Dividends

Transfer to
retained
earnings

Any other
change (to
be
specified)

Balance at
the end of
the previous
reporting
period
GN on Division II - Ind AS Schedule III to the Companies Act 2013

Statement of Profit and Loss for the year ended _______

Particulars Note Figures for Figures for
No. the current the
reporting previous
period reporting
period
I Revenue From Operations
II Other Income
III Net gain on de-recognition of
financial assets at amortized
cost
IV Net gain on reclassification of
financial assets**
V Total Income (I + II + III+ IV)
VI EXPENSES
Cost of materials consumed
Excise Duty
Purchases of Stock-in-Trade
Changes in inventories of
finished goods,
Stock-in-Trade and work-in-
progress
Employee benefits expense
Finance costs
Depreciation and amortization
expense
Impairment losses
Net loss on de-recognition of
financial assets at amortized
cost
Net loss on reclassification of
financial assets**
Other expenses
Total expenses (VI)
 GN on Division II - Ind AS Schedule III to the Companies Act 2013

VII Profit/(loss) before exceptional

items and tax (V- VI)
VIII Exceptional Items
IX Profit/(loss) before tax(VII+VIII)
X Tax expense:
(1) Current tax
(2) Deferred tax
XI Profit (Loss) for the period from
continuing operations (IX-X)
XII Profit/(loss) from discontinued
operations
XIII Tax expense of discontinued
operations
XIV Profit/(loss) from Discontinued
operations (after tax) (XII – XIII)
XV Profit/(loss) for the period
(XI+XIV)
XVI Other Comprehensive Income
A (i) Items that will not be
reclassified to profit or loss
(ii) Income tax relating to items
that will not be reclassified to
profit or loss
B (i) Items that will be
reclassified to profit or loss
(ii) Income tax relating to items
that will be reclassified to profit
or loss
XVII Total Comprehensive Income
for the period (XV+
XVI)(Comprising Profit/(Loss)
and Other Comprehensive
Income for the period)
XVIII Earnings per equity share (for
 continuing operation):
(1) Basic
(2) Diluted
XIX Earnings per equity share (for
discontinued operation):
(1) Basic
(2) Diluted
XX Earnings per equity share(for
discontinued & continuing
operations)
(1) Basic
(2) Diluted
** Difference arising on reclassification of financial assets at the
reclassification date
 Illustrative Consolidated Financial Statements

Consolidated Balance Sheet as at _______

Particulars Note Figures as at Figures as at
No. the end of the end of
current the previous
reporting reporting
period period
(1) ASSETS
Non-current assets
(a) Property, Plant and
Equipment
(b) Capital work-in-progress
(c) Investment Property
(d) Goodwill
(e) Other Intangible assets
(f) Intangible assets under
development
(g) Biological Assets other
than bearer plants
(h) Investments accounted
for using the equity
method
(i) Financial Assets
(i) Investments
(ii) Loans
(iii) Trade receivables
(iv) Others (to be specified)
(j) Deferred tax assets (net)
(k) Other non-current assets
(2)
Current assets

227
 (a) Inventories
(b) Financial Assets
(i) Investments
(ii) Trade receivables
(iii) Cash and cash
equivalents
(iv) Bank balances other
than (iii) above
(v) Loans
(vi) Others (to be specified)
(c) Current Tax Assets (Net)
(d) Other current assets
Assets held-for-sale / Assets
included in disposal group(s)
held-for-sale
Total Assets
(1) EQUITY AND LIABILITIES
Equity
(a) Equity Share capital
(b) Instruments entirely
equity in nature
(c) Other Equity
(d) Non-controlling
interests
Liabilities
Non-current liabilities
(a) Financial Liabilities
(i) Borrowings
(ia) Lease liabilities
 (ii) Trade payables
(iii) Other financial liabilities
(other than those
specified in item (b), to
be specified)
(b) Provisions
(c) Deferred tax liabilities
(2) (Net)
(d) Other non-current
liabilities
Current liabilities
(a) Financial Liabilities
(i) Borrowings
(ia) Lease liabilities
(ii) Trade payables
(iii) Other financial liabilities
(other than those
specified in item (c)
(b) Other current liabilities
(c) Provisions
(d) Current Tax Liabilities
(Net)
Liabilities classified as held
for sale / Liabilities included
in disposal group held-for-
sale
Total Equity and Liabilities
Consolidated Statement of Changes in Equity for the year ended ______
A. Equity Share Capital
(1) Current reporting period
Balance at Changes in Restated Changes in Balance at
the Equity Share balance at the equity share the end of
beginning of Capital due beginning of capital during the current
the current to prior the current the current reporting
reporting period errors reporting year period
period period

(2) Previous reporting period

Balance at Changes in Restated Changes in Balance at
the Equity Share balance at the equity share the end of
beginning of Capital due beginning of capital during the
the previous to prior the previous the previous previous
reporting period errors reporting year reporting
period period period

B. Instruments entirely equity in nature

a. Compulsorily Convertible Preference Shares
(1) Current reporting period
Balance at Changes in Restated Changes in Balance at
the compulsorily balance at the compulsorily the end of
beginning of convertible beginning of convertible the current
the current preference the current preference reporting
reporting shares due reporting shares during period
period to prior period the period
period errors
(3) Previous reporting period
Balance at Changes in Restated Changes in Balance at
the compulsorily balance at the compulsorily the end of
beginning of convertible beginning of convertible the
the previous preference the previous preference previous
reporting shares due reporting shares during reporting
period to prior period the period period
period errors

b. Compulsorily Convertible Debentures

(1) Current reporting period
Balance at Changes in Restated Changes in Balance at
the compulsorily balance at the compulsorily the end of
beginning of convertible beginning of convertible the current
the current debentures the current debentures reporting
reporting due to prior reporting during the period
period period errors period period

(2) Previous reporting period

Balance at Changes in Restated Changes in Balance at
the compulsorily balance at the compulsorily the end of
beginning of convertible beginning of convertible the
the previous debentures the previous debentures previous
reporting due to prior reporting during the reporting
period period errors period period period
c. [Instrument] (Any other instrument entirely equity in nature)
(1) Current reporting period
Balance at Changes in Restated Changes in Balance at
the [Instrument] balance at the [Instrument] the end of
beginning of due to prior beginning of during the the current
the current period errors the current period reporting
reporting reporting period
period period

(2) Previous reporting period

Balance at Changes in Restated Changes in Balance at
the [Instrument] balance at the [Instrument] the end of
beginning of due to prior beginning of during the the previous
the previous period errors the previous period reporting
reporting reporting period
period period
C. Other Equity
(1) Current reporting period
Share Equity Reserves and Surplus Debt Equity Effe Revalu Excha Other Mon Attributa Non- Tota
applic compo instrume instrume ctive ation nge items of ey ble to contr l
ation nent nts nts porti Surplu differe Other recei owners olling
mone of through through on of s nces Compreh ved of the inter
y compo Other Other Cas on ensive agai parent est
pendi und Compreh Compreh h transl Income nst
ng financi ensive ensive Flow ating (specify shar
allotm al Income Income Hed the nature) e
ent instru ges financi warr
ments al ant
state
ments
of a
foreig
n
operat
ion

Capit Secur Other Retai

al ities Rese ned
Reser Premi rves Earni
ve um (spec ngs
ify
natur
e)
Balance
at the
beginnin
g of the
current
reporting
period

Changes
in
accounti
ng policy
or prior
period
errors

Restated
balance
at the
beginnin
g of the
current
reporting
period

Total
Compreh
ensive
Income
for the
current
year

Dividend
s

Transfer
to
retained
earnings

Any
other
change
(to be
specified
)

Balance
at the
end of
the
current
reporting
period
(2) Previous reporting period
Share Equity Reserves and Surplus Debt Equity Effectiv Reval Exchang Other Mon Tot
applicat compo instrument instrume e uation e items of ey al
ion nent of s through nts portion Surpl differenc Other recei
money compo Other through of us es on Compreh ved
pending und Comprehe Other Cash translati ensive agai
allotme financi nsive Compreh Flow ng the Income nst
nt al Income ensive Hedge financial (specify shar
instru Income s stateme nature) e
ments nts of a warr
foreign ant
operatio
n

Capit Securit Other Retai

al ies Reserv ned
Rese Premiu es Earni
rve m (specif ngs
y
nature)

Balance at
the
beginning of
the previous
reporting
period

Changes in
accounting
policy or
prior period
errors

Restated
balance at
the
beginning of
the previous
reporting
period

Total
Comprehen
sive Income
for the
previous
year

Dividends

Transfer to
retained
earnings
Any other
change (to
be
specified)

Balance at
the end of
the previous
reporting
period
 Consolidated Statement of Profit and Loss for the year ended _______
Particulars Note No. Figures for Figures for
the current the
reporting previous
period reporting
period
I Revenue from Operations
II Other Income
III Net gain on de-recognition of financial assets at
amortized cost
IV Net gain on reclassification of financial assets**

V Total Income (I + II + III+ IV)

VI EXPENSES
Cost of materials consumed
Excise Duty
Purchases of Stock-in-Trade
Changes in inventories of finished goods,
Stock-in-Trade and work-in-progress
Employee benefits expense
 Finance costs
Depreciation and amortization expense
Impairment losses
Net loss on de-recognition of financial assets at
amortized cost
Net loss on reclassification of financial assets**
Other expenses
Total expenses (VI)
VII Profit/(loss) before share of profit/(loss) of an
associate / a joint venture and exceptional items (V -
VI)
VIII Share of profit/(loss) of an associate / a joint venture
IX Profit/(loss) before exceptional items and tax (VII +
VIII)
X Exceptional Items
XI Profit/(loss) before tax(IX+X)
XII Tax expense:
(1) Current tax
(2) Deferred tax
XIII Profit (Loss) for the period from continuing
operations (XI - XII)
XIV Profit/(loss) from discontinued operations

XV Tax expense of discontinued operations

XVI Profit/(loss) from Discontinued operations (after tax)

(XIV -XV)
XVII Profit/(loss) for the period (XV +XVI)
XVIII Other Comprehensive Income
A (i) Items that will not be reclassified to profit or loss
(ii) Income tax relating to items that will not be
reclassified to profit or loss
B (i) Items that will be reclassified to profit or loss
(ii) Income tax relating to items that will be
reclassified to profit or loss
XIX Total Comprehensive Income for the period
(XVII+XVIII) / (Comprising Profit (Loss) and Other
Comprehensive Income for the period)
Attributable to:
Owners of the parent
Non-controlling interests
Of the Total Comprehensive Income above,
 Profit for the year attributable to:
Owners of the parent
Non-controlling interests
Of the Total Comprehensive Income above,
Other comprehensive income attributable to:
Owners of the parent
Non-controlling interests
XX Earnings per equity share (for continuing operation):
(1) Basic
(2) Diluted
XXI Earnings per equity share (for discontinued
operation):
(1) Basic
(2) Diluted
XXII Earnings per equity share(for discontinued &
continuing operations)
(1) Basic
(2) Diluted
**Difference arising on reclassification of financial assets at the reclassification date