Schedule III Additional Requirements – Checklist with Referencer
Schedule III Additional Requirements – Checklist & Referencer to checklist May be useful as an Audit Tool for Small & Medium Sized Companies.
Schedule III Additional Requirements – Checklist and Others
SCHEDULE III (NEW REQUIREMENTS W.E.F. 01.04.2021)
[Division I of Schedule III: Financial Statements for a company whose Financial Statements are required to comply
with the Companies (Accounting Standards) Rules, 2006]
SCHEDULE III (ADDITIONAL REQUIREMENTS W.E.F. 01 .04.2021)
[Division I of Schedule III: Financial Statements for a company whose Financial Statements are required to comply with the Companies (Accounting Standards) Rules, 2006]
| PART I — BALANCE SHEET | |||
| New Requirements | Y / N / N |
Disclosure Made | Notes |
| Rounding Off | Mandatory required for all companies or If company is almost inoperative with insignificant / no transactions: Company has figures in less than hundreds for items appearing in financial statements, hence it is not practicable to rounding off as those figures may vanish. |
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| Disclosure of shareholding of Promoters (% change during the year) | New table to be added for % change during the year or There is no change in shareholding of Promoters during the year. |
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| Current Maturities of LT Borrowings | If Y, disclosure as per Sch III |
If N / NA then no need of disclosure or Company has no current maturities of Long Term Borrowings during the year. |
|
| Ageing schedule for Trade payables due for payment | If Y, disclosure as per Sch III |
If N / NA then no need of disclosure | |
| Property, Plant and Equipment Intangible assets | If Y, disclosure as per Sch III |
If N / NA then no need of disclosure | |
| Security Deposits (Other Current Assets) | Only change in head from Long-term loans and advances to Other non-current assets, no other disclosures required. |
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| Ageing schedule for trade receivables outstanding | If Y, disclosure as per Sch III |
If N / NA then no need of disclosure | |
| Contingent liabilities and commitments (in respect of borrowings from banks and financial institutions) | If Adverse, disclosure as per Sch III |
If no borrowings from banks and financial institutions, then no need of disclosure or Company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date. |
|
| Title deeds of Immovable Property not held in name of the Company | If Y, disclosure as per Sch III |
If N / NA then no need of disclosure or Title deeds of Immovable Property are held in name of the Company as at the balance sheet date (other than properties where the company is the lessee and the lease agreements are duly executed in favour of the company, if any). |
|
| Revaluation of PP | If Y, disclosure as per Sch III |
Only if PPE: Company has not made any revaluation of Property, Plant and Equipment. |
|
| Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties | If Y, disclosure as per Sch III |
If N / NA
Company has not granted any Loans or Advances in the nature of loans to promoters, |
|
| Ageing Schedule and
Completion Schedule for Capital- Work-in Progress (CWIP) |
If Y, disclosure as per Sch III |
If N / NA then no need of disclosure | |
| Ageing Schedule and Completion Schedule for Intangible assets under development | If Y, disclosure as per Sch III |
If N / NA then no need of disclosure | |
| Details of Benami Property hel | If Y, disclosure as per Sch III |
If N / NA
The Company does not have any Benami Property and no proceedings have been initiated |
|
| If N / NA then no need of disclosure | |||
| Disclosure requirements in case of borrowings from Banks or FI | If Adverse, disclosure as per Sch III |
or The Company has been regular in filing quarterly returns or statements of current assets with banks or financial institutions and those are in agreement with the books of accounts. |
|
| Disclosure, if Wilful Defaulter as per Bank or FI or other lender | If Adverse, disclosure as per Sch III |
If N / NA then no need of disclosure orThe Company has not been declared a wilful defaulter by any bank or financial institution. |
|
| Relationship with Struck off Companies | If Y, disclosure as per Sch III |
The Company has no transactions with companies struck off under Sec.248 of the Companies Act, 2013 or Sec.560 of the Companies Act, 1956. |
|
| charges or satisfaction yet to be registered | If Y, disclosure as per Sch III |
If N / NA Company has no borrowings on which charges or satisfaction are required to be registered with Registrar of Companies as at balance sheet date. or Company has no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period as at balance sheet date. |
|
| Compliance with number of layers of companies | If Adverse, disclosure as per Sch III |
If N / NA then no need of disclosure | |
| Disclosure of Ratios | Mandatory required for all companies | ||
| Compliance with approved Scheme(s) of Arrangements | If Y, disclosure as per Sch III |
If N / NA then no need of disclosure | |
| Utilisation of Borrowed funds and share premium (ultimate beneficiaries purpose) | If Y, disclosure as per Sch III |
If N / NA then no need of disclosure
or (i) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries (ii) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries, |
|
| PArt II — Statement of Profit and Loss | |||
| New Requirements | Y / N / NA |
Disclosure Made | Notes |
| Disclose in revenue from operations
Grants or donations received (relevant in case of section 8 companies only)] |
If N / NA then no need of disclosure | ||
| Undisclosed Income disclose by way of notes | If Y, disclosure as per Sch III |
The Company does not have any such transactions which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the income Tax Act,1961). |
|
| Disclosure of Corporate Social Responsibility (CSR) – if applicable | If Y, disclosure as per Sch III |
If N / NA then no need of disclosure | |
| Disclosure of Crypto Currency or Virtual Currency
– if applicable |
If Y, disclosure as per Sch III |
If N / NA
The Company has not traded or invested in Crypto currency or Virtual Currency during the |
|
Trade Payables ageing schedule
| Particulars | Outstanding for following periods from due date of payment | Total | |||
| Less than 1 year |
1-2 years | 2-3 years | More than 3 years | ||
| (i) MSME | – | – | – | – | – |
| Previous Year | – | – | – | – | – |
| (ii) Others | – | – | – | – | – |
| Previous Year | – | – | – | – | – |
| (iii) Disputed dues- MSME | – | – | – | – | – |
| Previous Year | – | – | – | – | – |
| (iv)Disputed dues- Others | – | – | – | – | – |
| Previous Year | – | – | – | – | – |
Trade Receivables ageing schedule
| Particulars | Outstanding for following periods from due date of payment/transaction | Total | ||||
| Less than 6 month | 6 months- 1 year | 1-2 years | 2-3 years | More than 3 years |
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| (i) Undisputed Trade receivables- considered good | – | – | – | – | – | – |
| Previous Year | – | – | – | – | – | – |
| (ii) Undisputed Trade Receivables- Considered Doubtful | – | – | – | – | – | – |
| Previous Year | – | – | – | – | – | – |
| (iii) Disputed Trade Receivables considered good | – | – | – | – | – | – |
| Previous Year | – | – | – | – | – | – |
| (iv) Disputed Trade Receivables considered doubtful | – | – | – | – | – | – |
| Previous Year | – | – | – | – | – | – |
| (v) Unbilled Dues | – | – | – | – | – | – |
| Previous Year | – | – | – | – | – | – |
Financial Ratios
| Ratio | Numerator | Denominator | Current Period | Previous Period | Variance (%)* |
| Current Ratio | Current Assets | Current Liabilities | #DIV/0! | ||
| Debt-Equity Ratio | Total Debt | Shareholder’s Equity and CCD | #DIV/0! | ||
| Debt Service Coverage Ratio | Earning available for Debt Services | Debt Services | #DIV/0! | ||
| Trade Receivables Turnover Ratio | Net Credit Sales | Average Account Receivables | #DIV/0! | ||
| Trade Payables Turnover Ratio | Net Credit Purchases | Average Account Payables | #DIV/0! | ||
| Net Working Capital Turnover Ratio | Total Income | Average Working Capital | #DIV/0! | ||
| Net Profit Ratio | Profit After Tax | Total Income | #DIV/0! | ||
| Return on Capital employed | Earning
Before Interest and Taxes |
Capital Employed | #DIV/0! | ||
| Return on Equity | Net Profit after Taxes and Interest on CCD | Average Shareholder’s Equity and CCD | #DIV/0! |
Loans and Advances
Loan granted which is repayable on demand as at the end of the year.
| Type of Borrower | Current Period | Previous Period | ||
| Amount in Rs. in Lakhs | % of Total Loa | Amount in Rs. in Lakhs | % of Total Loan |
|
| Directors | ||||
| Related Party | ||||
| Total | ||||
Ratios working
Schedule III Additional Requirements – Referencer to Checklist
| PART I — BALANCE SHEET | |||||||||||||||||||
| Rounding Off | Depending upon the 1 [Total Income] of the company, the figures appearing in the Financial Statements 2 [shall] be rounded off as given below:—
|
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| Disclosure of shareholding of Promoters | A company shall disclose Shareholding of Promoters* as below:
* Promoter here means promoter as defined in the Companies Act, 2013. ** Details shall be given separately for each class of shares *** percentage change shall be computed with respect to the number at the beginning of the year or if issued during the year for the first time then with respect to the date of issue |
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| Current Maturities of LT Borrowings | current maturities of Long term borrowings shall be disclosed separately under the head Short-term borrowings. | ||||||||||||||||||
| Ageing schedule for Trade payables due for payment | The following ageing schedule shall be given for Trade payables due for payment:- Trade Payables ageing schedule
(Amount in Rs.)
# similar information shall be given where no due date of payment is specified in that case disclosure shall be from the date of the transaction. Unbilled dues shall be disclosed separately; |
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| Property, Plant and Equipment Intangible assets | 4 [(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, amount of change due to revaluation (if change is 10% or more in the aggregate of the net carrying value of each class of Property, Plant and Equipment) and other adjustments and the related depreciation and impairment losses/reversals shall be disclosed separately.] | ||||||||||||||||||
| Security Deposits | Security Deposits head changed from Long-term loans and advances to Other non-current assets | ||||||||||||||||||
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Ageing
|
5[(i) For trade receivables outstanding, following ageing schedule shall be given:Trade Receivables ageing schedule(Amount in Rs.) |
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Particulars |
Outstanding for following periods from due date of
|
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Less than 6
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6 months -1
|
1-2
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2-3
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More than 3
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Total |
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Undisputed Trade receivables – considered goodUndisputed Trade Receivables – considered doubtfulDisputed Trade Receivables considered goodDisputed Trade Receivables considered doubtful |
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# similar information shall be given where no due date of payment is specified, in that case disclosure shall be from the date of the transaction. Unbilled dues shall be disclosed separately.] |
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Contingent
|
Where the company has not used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date, the company shall disclose the details of where they have been used under the head Contingent liabilities and commitments (to the extent not provided for). |
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Title deeds of
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Title deeds of Immovable Property not held in name of the CompanyThe company shall provide the details of all the immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company in format given below and where such immovable property is jointly held with others, details are required to be given to the extent of the company’s share. |
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Relevant
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Description of item of property |
Gross
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Title
|
Whether title deed
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Property
|
Reason for not
|
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PPE– |
LandBuilding |
– |
– |
– |
– |
**also indicate if in dispute |
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Investment property–PPE retired from active use and held for disposal–others |
LandBuildingLandBuilding |
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#Relative here means relative as defined in the Companies Act, 2013. *Promoter here means promoter as defined in the Companies Act, 2013. |
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| Revaluation of PPE |
Where the Company has revalued its Property, Plant and Equipment, the company shall disclose as to whether the revaluation is based on the valuation by a registered valuer as defined under rule 2 of the Companies (Registered Valuers and Valuation) Rules, 2017. | |||||||||||||||
| Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties |
Following disclosures shall be made where Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:
(a) repayable on demand or (b) without specifying any terms or period of repayment |
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| Type of Borrower | Amount of loan or advance in the nature of loan outstanding | Percentage to the total Loans and Advances in the nature of loans | ||||||||||||||
| Promoters | ||||||||||||||||
| Directors | ||||||||||||||||
| KMPs | ||||||||||||||||
| Related Parties | ||||||||||||||||
| Ageing Schedule and Completion Schedule for Capital-Work- in Progress (CWIP) |
Capital-Work-in Progress (CWIP)
(a) For Capital-work-in progress, following ageing schedule shall be given: CWIP aging schedule |
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| CWIP | Amount in CWIP for a period of | Total* | ||||||||||||||
| Less than 1 year | 1-2 years | 2-3 years | More than 3 years |
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| Projects in progress
Project temporarily suspended |
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| *Total shall tally with CWIP amount in the balance sheet.
(b) For capital-work-in progress, whose completion is overdue or has exceeded its cost compared to its original plan, following CWIP completion schedule shall be given**: (Amount in Rs.) |
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| CWIP | To be completed in | |||||||||||||||
| Less than1 year | 1-2 years | 2-3 years | More than 3 years | |||||||||||||
| Project 1
Project 2” |
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| **Details of projects where activity has been suspended shall be given separately. | ||||||||||||||||
| Ageing Schedule and Completion Schedule forIntangible assets under development |
Intangible assets under development:
(a) For Intangible assets under development, following ageing schedule shall be given: Intangible assets under development aging schedule (Amount in Rs.) |
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| Intangible assets under development |
Amount in CWIP for a period of | Total* | ||||||||||||||
| Less than 1 year | 1-2 years | 2-3 years | More than 3 years | |||||||||||||
| Projects in progress
Projects temporarily suspended |
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| *Total shall tally with the amount of Intangible assets under development in the balance sheet. | ||||||||||||||||
–
| (b) For Intangible assets under development, whose completion is overdue or has exceeded its cost compared to its original plan, following Intangible assets under development completion schedule shall be given**:
(Amount in Rs.) |
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| Intangible assets under development |
To be completed in | ||||
| Less than 1 year | 1-2 years | 2-3 years | More than 3 years | ||
| Project 1
Project 2 |
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| **Details of projects where activity has been suspended shall be given separately. | |||||
| Details of Benami Property held |
Details of Benami Property held
Where any proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder, the company shall disclose the following:- (a)Details of such property, including year of acquisition, (b) Amount thereof, (c) Details of Beneficiaries, (d) If property is in the books, then reference to the item in the Balance Sheet, (e) If property is not in the books, then the fact shall be stated with reasons, (f) Where there are proceedings against the company under this law as an abetter of the transaction (g) Nature of proceedings, status of same and company’s view on same. |
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| Disclosure requirements in case of borrowings from Banks or FI |
Where the Company has borrowings from banks or financial institutions on the basis of security of current assets, it shall disclose the following:-
(a) whether quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts. (b) if not, summary of reconciliation and reasons of material discrepancies, if any to be adequately disclosed. |
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| Disclosure, if Wilful Defaulter as per Bank or FI or other lender |
Wilful Defaulter*
Where a company is a declared wilful defaulter by any bank or financial Institution or other lender, following details shall be given: (a) Date of declaration as wilful defaulter, (b) Details of defaults (amount and nature of defaults), * “wilful defaulter” here means a person or an issuer who or which is categorized as a wilful defaulter by any bank or financial institution (as defined under the Act) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India. |
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| Relationship with Struck off Companies |
Relationship with Struck off Companies
Where the company has any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956, the Company shall disclose the following detai s:- |
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| Name of struck off Company | Nature of transactions with struck- off Company |
Balance outstanding |
Relationship with the Struck off company, if any, to be disclosed |
|
| Investments in securities | ||||
| Receivables | ||||
| Payables | ||||
| Shares held by stuck off company | ||||
| Other outstanding balances (to be specified) |
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–
| charges or satisfaction yet to be registered |
Registration of charges or satisfaction with Registrar of Companies
Where any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period, details and reasons thereof shall be disclosed. |
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| Compliance with number of layers of companies | Compliance with number of layers of companies
Where the company has not complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, the name and CIN of the companies beyond the specified layers and the relationship/extent of holding of the company in such downstream companies shall be disclosed. |
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| Disclosure of Ratios |
Following Ratios to be disclosed:- | |||
| (a) Current Ratio,
(b) Debt-Equity Ratio, (c) Debt Service Coverage Ratio, (d) Return on Equity Ratio, |
(e) Inventory turnover ratio,
(f) Trade Receivables turnover ratio, (g) Trade payables turnover ratio, (h) Net capital turnover ratio, |
(i) Net profit ratio,
(j) Return on Capital employed, (k) Return on investment. |
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| The company shall explain the items included in numerator and denominator for computing the above ratios. Further explanation shall be provided for any change in the ratio by more than 25% as compared to the preceding year. | ||||
| Compliance with approved Scheme(s) of Arrangements |
Compliance with approved Scheme(s) of Arrangements
Where any Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013, the Company shall disclose that the effect of such Scheme of Arrangements have been accounted for in the books of account of the Company ‘in accordance with the Scheme’ and ‘in accordance with accounting standards’ and deviation in this regard shall be explained. |
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| Utilisation of Borrowed funds and share premium |
Utilisation of Borrowed funds and share premium:
(A) Where company has advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall (i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries; (I) date and amount of fund advanced or loaned or invested in Intermediaries with complete details (II) date and amount of fund further advanced or loaned or invested by such Intermediaries to other (III) date and amount of guarantee, security or the like provided to or on behalf of the Ultimate (IV) declaration that relevant provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and Companies Act has been complied with for such transactions and the transactions are not violative of the Prevention of Money-Laundering act, 2002 (15 of 2003). (B) Where a company has received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall (i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries, the company (I) date and amount of fund received from Funding parties with complete details of each Funding (II) date and amount of fund further advanced or loaned or invested other intermediaries or Ultimate Beneficiaries alongwith complete details of the other intermediaries or ultimate beneficiaries. |
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| (III) date and amount of guarantee, security or the like provided to or on behalf of the Ultimate Beneficiaries(IV) declaration that relevant provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and Companies Act has been complied with for such transactions and the transactions are not violative of the Prevention of Money-Laundering act, 2002 (15 of 2003).] |
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| PART II — STATEMENT OF PROFIT AND LOSS | |
| Disclose in revenue from operations |
Grants or donations received (relevant in case of section 8 companies only)] |
| Undisclosed Incomedisclose by way of notes |
(under additional information regarding aggregate expenditure and income) Undisclosed income
The Company shall give details of any transaction not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961), unless there is immunity for disclosure under any scheme and also shall state whether the previously unrecorded income and related assets have been properly recorded in the books of account during the year. |
| Disclosure of Corporate Social Responsibility (CSR) – if applicable |
Corporate Social Responsibility (CSR)
Where the company covered under section 135 of the companies act, the following shall be disclosed with regard to CSR activities:- (a) amount required to be spent by the company during the year, (b) amount of expenditure incurred, (c) shortfall at the end of the year, (d) total of previous years shortfall, (e) reason for shortfall, (f) nature of CSR activities, (g) details of related party transactions, e.g., contribution to a trust controlled by the company in relation to CSR expenditure as per relevant Accounting Standard, (h) where a provision is made with respect to a liability incurred by entering into a contractual obligation, the movements in the provision during the year should be shown separately. |
| Disclosure of Crypto Currency or Virtual Currency– if applicable |
Details of Crypto Currency or Virtual Currency
Where the Company has traded or invested in Crypto currency or Virtual Currency during the financial year, the following shall be disclosed:- (a) profit or loss on transactions involving Crypto currency or Virtual Currency (b) amount of currency held as at the reporting date, (c) deposits or advances from any person for the purpose of trading or investing in Crypto Currency/ virtual currency.] |
PART I —BALANCE SHEET
Name of the Company……………………..
Balance Sheet as at………………………..
(Rupees in………… )
| Particulars | Note No. | Figures as at the end of current reporting period |
Figures as at the end of the previous reporting period |
| 1 | 2 | 3 | 4 |
| I. EQUITY AND LIABILITIES
(1) Shareholders’ funds (a) Share capital (b) Reserves and surplus (c) Money received against share warrants (2) Share application money pending allotment (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:- (A) total outstanding dues of micro enterprises and small enterprises; and (B) total outstanding dues of creditors other than micro enterprises and small enterprises.] 6 (c) Other current liabilities (d) Short-term provisions |
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| TOTAL | |||
| II. ASSETS
(1) Non-current assets (a) 7[Property, Plant and Equipment 8[and Intangible assets] ] (i) 9[Property, Plant and Equipment] (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 (2) Current assets (a) Current investments (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current assets |
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| TOTAL |
See accompanying notes to the Financial Statements.
PART II — STATEMENT OF PROFIT AND LOSS
Name of the Company………………..
Profit and loss statement for the year ended…………………..
(Rupees in………. )
| Particulars | Note No. | Figures as at the end of current reporting period | Figures as at the end of the previous reporting period | |
| 1 | 2 | 3 | 4 | |
| I. | Revenue from operations | Xxx | xxx | |
| II. | Other income | Xxx | xxx | |
| III. | Total 10[Income] (I + II) | Xxx | xxx | |
| IV. | Expenses:
Cost of materials consumed Purchases of Stock-in-Trade |
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| Changes in inventories of finished goods Xxx xxx
work-in-progress and Xxx xxx Stock-in-Trade Xxx xxx Employee benefits expense Xxx xxx Depreciation and amortisation expense Other expenses |
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| Total expenses Xxx xxx | ||||
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| Particulars | Note No. | Figures as at the end of current reporting period | Figures as at the end of the previous reporting period | |
| 1 | 2 | 3 | 4 | |
| V. | Profit before exceptional and extraordinary items and tax (III – IV) | Xxx | xxx | |
| VI. | Exceptional items | Xxx | xxx | |
| VII. | Profit before extraordinary items and tax (V – VI) | Xxx | xxx | |
| VIII | Extraordinary items | Xxx | xxx | |
| IX. | Profit before tax (VII- VIII) | Xxx | xxx | |
| X. | Tax expense: | |||
| (1) Current tax
(2) Deferred tax |
Xxx Xxx | xxx xxx | ||
| XI. | Profit (Loss) for the period from continuing operations (VII-VIII) | Xxx | xxx | |
| XII. | Profit/(loss) from discontinuing operations | Xxx | xxx | |
| XIII. | Tax expense of discontinuing operations | Xxx | xxx | |
| XIV. | Profit/(loss) from Discontinuing operations (after tax) (XII-XIII) | xxx | xxx | |
| XV. | Profit (Loss) for the period (XI + XIV) | xxx | xxx | |
| XVI. | Earnings per equity share: | |||
| (1) Basic
(2) Diluted |
xxx xxx | xxx xxx | ||
See accompanying notes to the financial statements.
1 Subs., w.e.f. 01.04.2021, for the word “turnover”, vide GSR 207(E), dt. 24.03.2021
2 Subs., w.e.f. 01.04.2021, for the word “may”, vide GSR 207(E), dt. 24.03.2021.
3 Subs., w.e.f. 01.04.2021, for the word “Turnover”, vide GSR 207(E), dt. 24.03.2021
4 Subs., w.e.f. 01.04.2021, vide GSR 207(E), dt. 24.03.2021. Formerly item (iii) read:
“(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.”
5 Subs., w.e.f. 01.04.2021, item (i), vide GSR 207(E), dt. 24.03.2021. Formerly item (i) read: “(i) Aggregate amount of Trade Receivables outstanding for a period exceeding six months from the date they are due for payment should be separately stated.”
6 Subs. w.e.f. 07.09.2015, for “(b) Trade payables”, vide G.S.R 679(E), dt. 04.09.2015.
7 Subs., w.e.f. 11.10.2018, for “Fixed assets”, vide GSR 1022(E), dt. 11.10.2018.
8 Ins., w.e.f. 01.04.2021, vide GSR 207(E), dt. 24.03.2021
9 Subs., w.e.f. 01.04.2021, for “Tangible Assets”, vide GSR 207(E), dt. 24.03.2021
10 Subs., w.e.f. 01.04.2021, for “Revenue”, vide GSR 207(E), dt. 24.03.2021
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