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Turnover of less than Rs. 100 Crs -
R/off to the nearest Hundreds,
thousands or decimal thereof
Turnover of less than Rs. 100 Crs -
R/off to the nearest Hundreds,
Turnover of Rs. 100 Crs or more but
Rounding off of thousands, lakhs or millions or decimal
less than Rs. 500 Crs - R/off to the
Figures appearing thereof
1ÊÊ nearest Hundreds, thousands, lakhs or
in financial
millions or decimal thereof
statement Ê Turnover of Rs. 100 Crs or more - R/off
to the nearest lakhs, millions or crores,
Turnover of Rs. 500 Crs or more -
or decimal thereof ÊÊ
R/off to the nearest Hundreds,
thousands, lakhs, millions or crores, or
decimal thereofÊÊ
Assets & Liabilities are to be bifurcated
Current assets & Liabilities are shown
in to current & Non-current and to be
Net Working together under application of funds.
2ÊÊ shown separately. Hence, net working
CapitalÊÊ The net working capital appears on
capital will not be appearing in Balance
balance sheet. Ê
sheet.ÊÊ
Fixed assets to be shown under non-
There was no bifurcation required in to current assets and it has to be
3ÊÊ Fixed AssetsÊÊ
tangible & intangible assets.ÊÊ bifurcated in to Tangible & intangible
assets.ÊÊ
Long term borrowings to be shown
under non-current liabilities and short
Short term & long term borrowings are
term borrowings to be shown under
4ÊÊ BorrowingsÊÊ grouped together under the head Loan
current liabilities with separate
funds sub-head Secured / Unsecured Ê
disclosure of secured / unsecured
loans.ÊÊ
Period and amount of continuing
default as on the balance sheet date in
ÊÊ ÊÊ ÊÊ repayment of loans and interest to be
separately specifiedÊÊ
Finance lease obligations are to be
Finance lease Finance lease obligations are included
5ÊÊ grouped under the head non-current
obligationÊÊ in current liabilitiesÊÊ
liabilitiesÊÊ
Lease deposits to be disclosed as long
Lease deposits are part of loans &
6ÊÊ DepositsÊÊ term loans & advances under the head
advancesÊÊ
non-current assetsÊÊ
Current and non-current investments
Both current & non-current
are to be discosed separately under
7ÊÊ InvestmentsÊÊ investments to be disclosed under the
current assets & non-current assets
head investmentsÊÊ
respectively. Ê
Loans & Advances to be broken up in
Loans & Advance are disclosed long term & short term and to be
8ÊÊ Loans & AdvancesÊÊ
alongwith current assetsÊÊ disclosed under non-current & current
assets respectively. Ê
Loans & Advance to subsidiaries & Loans & Advance from related parties
ÊÊ ÊÊ others to be disclosed separately.ÊÊ & others to be disclosed separately.ÊÊ
9ÊÊ Deffered Tax Deferred Tax assets / liabilities to be Deferred Tax assets / liabilities to be
 Assets / LiabilitiesÊÊ disclosed separatelyÊÊ disclosed under non-current assets /
liabilities as the case may be.ÊÊ
Bank balances in relation to ermarked
balances, held as margin money
Cash & Bank Bank balance to be bifurcated in
10ÊÊ against borrowings, deposits with more
BalancesÊÊ scheduled banks & othersÊÊ
than 12 months maturity, each of these
to be shown separately.ÊÊ
Debit balance of Profit and Loss
P&L debit balance to be shown under Account to be shown as negative figure
Profit & Loss
11ÊÊ the head Miscellaneous expenditure & under the head Surplus. Therefore,
(Dr Balance)ÊÊ
losses.ÊÊ reserve & surplus balance can be
negative.ÊÊ
It is named as Trade payables and
Creditors to be broken up in to micro &
12ÊÊ Sundry CreditorsÊÊ there is no mention of micro & small
small suppliers and other creditors.ÊÊ
enterprise disclosure.ÊÊ
No specific mention for separate Current maturities of long term debt to
Other current
13ÊÊ disclosure of Current maturities of long be disclosed under other current
liabilitiesÊÊ
term debtÊÊ liabilities.ÊÊ
No specific mention for separate
Current maturities of finance lease
ÊÊ ÊÊ disclosure of Current maturities of
obligation to be disclosed.ÊÊ
finance lease obligationÊÊ
any item under which expense any item of income / expense which
exceeds one per cent of the total exceeds one per cent of the revenue
Separate line item
14ÊÊ revenue of the company or Rs. 5,000 from operations or Rs. 1,00,000, which
Disclosure criteriaÊÊ
which ever is higher; shall be ever is higher; to be disclosed
disclosed separatelyÊÊ separatelyÊÊ
Expenses in Statement of Profit and
Expense
15ÊÊ Function wise & nature wiseÊÊ Loss to be classified based on nature
classificationÊÊ
of expensesÊÊ
Finance cost shall be classified as
Finance cost to be classified in fixed interest expense, other borrowing costs
16ÊÊ Finance CostÊÊ
loans & other loansÊÊ & Gain / Loss on foreign currency
transaction & translaton.ÊÊ
Gain / Loss on foreign currency Gain / Loss on foreign currency
Foreign exchange
17ÊÊ transaction to be shown under finance transaction to be separated into finance
gain / lossÊÊ
costÊÊ costs and other expensesÊÊ
The purchase made and the opening
Goods traded in by the company to be
& closing stock, giving break up in
disclosed in broad heads in notes.
18ÊÊ PurchasesÊÊ respect of each class of goods traded
Disclosure of quantitative details of
in by the company and indicating the
goods is dilutedÊ
quantities thereof.ÊÊ
Ê