Schedule Vi-Books Pdf

SCHEDULE VI
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ii one hundred crore rupees or To the nearest lakhs millions or crores. more or decimals thereof, Once a unit of measurement is used it should be used uniformly in the Financial. Statements, 5 Except in the case of the first Financial Statements laid before the Company after its. incorporation the corresponding amounts comparatives for the immediately. preceding reporting period for all items shown in the Financial Statements including. notes shall also be given, 6 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. company s 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 or under the Accounting Standards, PART I Form of BALANCE SHEET.
Name of the Company, Balance Sheet as at, Particulars Note No Figures as at Figures as at. the end of the end of, current the previous, reporting reporting. period period, I EQUITY AND LIABILITIES, 1 Shareholders funds. a Share capital, b Reserves and surplus, c Money received against share. 2 Share application money pending, 3 Non current liabilities.
a Long term borrowings, b Deferred tax liabilities Net. c Other Long term liabilities, d Long term provisions. 4 Current liabilities, a Short term borrowings, b Trade payables. c Other current liabilities, d Short term provisions. Non current assets, 1 a Fixed assets, i Tangible assets.
ii Intangible assets, iii Capital work in progress. iv Intangible assets under, development, b Non current investments. c Deferred tax assets net, d Long term loans and advances. e Other non current assets, Current assets, a Current investments. b Inventories, c Trade receivables, d Cash and cash equivalents.
e Short term loans and advances, f Other current assets. See accompanying notes to the financial statements. GENERAL INSTRUCTIONS FOR PREPARATION OF BALANCE SHEET. 1 An asset shall be classified as current when it satisfies any of the. following criteria, a it is expected to be realized in or is intended for sale or consumption in the. company s normal operating cycle, b it is held primarily for the purpose of being traded. c it is expected to be realized 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. 2 An operating cycle is the time between the acquisition of assets for. processing and their realization in cash or cash equivalents Where the normal. operating cycle cannot be identified it is assumed to have a duration of 12. 3 A liability shall be classified as current when it satisfies any of the. following criteria, a it is expected to be settled in the company s 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. 4 A receivable shall be classified as a trade receivable if it is in respect of. the amount due on account of goods sold or services rendered in the normal. course of business, 5 A payable shall be classified as a trade payable if it is in respect of the.
amount due on account of goods purchased or services received in the normal. course of business, 6 A company shall disclose the following in the notes to accounts. A Share Capital, for each class of share capital different classes of preference shares to be. treated separately, a the number and amount of shares authorized. b the number of shares issued subscribed and fully paid and. subscribed but not fully paid, c par value per share. d a reconciliation of the number of shares outstanding at the. beginning and at the end of the reporting period, e the rights preferences and restrictions attaching to each class of.
shares including restrictions on the distribution of dividends and the. repayment of capital, f shares in respect of each class in the company held by its holding. company or its ultimate holding company including shares held by. or by subsidiaries or associates of the holding company or the. ultimate holding company in aggregate, g shares in the company held by each shareholder holding more than. 5 percent shares specifying the number of shares held. h shares reserved for issue under options and contracts commitments. for the sale of shares disinvestment including the terms and. i For the period of five years immediately preceding the date as at. which the Balance Sheet is prepared, Aggregate number and class of shares allotted as fully paid up. pursuant to contract s without payment being received in cash. Aggregate number and class of shares allotted as fully paid up by. way of bonus shares, Aggregate number and class of shares bought back. j 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, k Calls unpaid showing aggregate value of calls unpaid by directors.
and officers, l Forfeited shares amount originally paid up. B Reserves and Surplus, i Reserves and Surplus shall be classified as. a Capital Reserves, b Capital Redemption Reserve, c Securities Premium Reserve. d Debenture Redemption Reserve, e Revaluation Reserve. f Share Options Outstanding Account, g Other Reserves specify the nature and purpose of each.
reserve and the amount in respect thereof, h Surplus i e balance in Statement of Profit Loss. disclosing allocations and appropriations such as dividend. bonus shares and transfer to from reserves etc, Additions and deductions since last balance sheet to be shown. under each of the specified heads, ii A reserve specifically represented by earmarked investments shall. be termed as a fund, iii Debit balance of statement of profit and loss shall be shown as a. negative figure under the head Surplus Similarly the balance of. Reserves and Surplus after adjusting negative balance of. surplus if any shall be shown under the head Reserves and. Surplus even if the resulting figure is in the negative. C Long Term Borrowings, i Long term borrowings shall be classified as.
a Bonds debentures, b Term loans, from banks, from other parties. c Deferred payment liabilities, d Deposits, e Loans and advances from related parties. f Long term maturities of finance lease obligations. g Other loans and advances specify nature, ii Borrowings shall further be sub classified as secured and unsecured. Nature of security shall be specified separately in each case. iii Where loans have been guaranteed by directors or others the. aggregate amount of such loans under each head shall be disclosed. iv Bonds debentures along with the rate of interest and particulars of. redemption or conversion as the case may be shall be stated in. descending order of maturity or conversion starting from farthest. redemption or conversion date as the case may be Where. bonds debentures are redeemable by installments the date of. maturity for this purpose must be reckoned as the date on which. the first installment becomes due, v Particulars of any redeemed bonds debentures which the company. has power to reissue shall be disclosed, vi Terms of repayment of term loans and other loans shall be stated.
vii Period and amount of continuing default as on the balance sheet. date in repayment of loans and interest shall be specified. separately in each case, D Other Long Term Liabilities. Other Long term Liabilities shall be classified as. a Trade payables, E Long term provisions, The amounts shall be classified as. a Provision for employee benefits, b Others specify nature. F Short term borrowings, i Short term borrowings shall be classified as. a Loans repayable on demand, from banks, from other parties.
b Loans and advances from related parties, c Deposits. d Other loans and advances specify nature, ii Borrowings shall further be sub classified as secured and unsecured Nature of. security shall be specified separately in each case. iii Where loans have been guaranteed by directors or others the aggregate. amount of such loans under each head shall be disclosed. iv Period and amount of default as on the balance sheet date in. repayment of loans and interest shall be specified separately in. G Other current liabilities, The amounts shall be classified as. a Current maturities of long term debt, b Current maturities of finance lease obligations. c Interest accrued but not due on borrowings, d Interest accrued and due on borrowings.
e Income received in advance, f Unpaid dividends, g Application money received for allotment of securities and due for. refund and interest accrued thereon Share application money. includes advances towards allotment of share capital The terms. and conditions including the number of shares proposed to be. issued the amount of premium if any and the period before. which shares shall be allotted shall be disclosed It shall also be. disclosed whether the company has sufficient authorized capital to. cover the share capital amount resulting from allotment of shares. out of such share application money Further the period for which. the share application money has been pending beyond the period. for allotment as mentioned in the document inviting application. for shares along with the reason for such share application money. being pending shall be disclosed Share application money not. exceeding the issued capital and to the extent not refundable shall. be shown under the head Equity and share application money to. the extent refundable i e the amount in excess of subscription or. in case the requirements of minimum subscription are not met. shall be separately shown under ther current liabilities. h Unpaid matured deposits and interest accrued thereon. i Unpaid matured debentures and interest accrued thereon. j Other payables specify nature, H Short term provisions. The amounts shall be classified as, a Provision for employee benefits. b Others specify nature, I Tangible assets, i Classification shall be given as. b Buildings, c Plant and Equipment, d Furniture and Fixtures.
e Vehicles, f Office equipment, g Others specify nature. ii Assets under lease shall be separately specified under each class. iii A reconciliation of the gross and net carrying amounts of each. class of assets at the beginning and end of the reporting period. showing additions disposals acquisitions through business. combinations and other adjustments and the related depreciation. and impairment losses reversals shall be disclosed separately. iv Where sums have been written off on a reduction of capital or. revaluation of assets or where sums have been added on. revaluation of assets every balance sheet subsequent to date of. such write off or addition shall show the reduced or increased. figures as applicable and shall by way of a note also show the. amount of the reduction or increase as applicable together with. the date thereof for the first five years subsequent to the date of. such reduction or increase, J Intangible assets, i Classification shall be given as. a Goodwill, b Brands trademarks, c Computer software. d Mastheads and publishing titles, e Mining rights. f Copyrights and 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, ii A reconciliation of the gross and net carrying amounts of each. class of assets at the beginning and end of the reporting period. showing additions disposals acquisitions through business. combinations and other adjustments and the related amortization. and impairment losses reversals shall be disclosed separately. iii Where sums have been written off on a reduction of capital or. revaluation of assets or where sums have been added on. revaluation of assets every balance sheet subsequent to date of. such write off or addition shall show the reduced or increased. figures as applicable and shall by way of a note also show the. amount of the reduction or increase as applicable together with. the date thereof for the first five years subsequent to the date of. such reduction or increase, K Non current investments. i Non current investments shall be classified as trade investment. SCHEDULE VI See section 211 by the Companies Act shall be made in the notes to accounts in addition to the For the purpose of this Schedule

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