revised schedule vi

Contents

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

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

References and abbreviations used in the format of financial statements

The following pattern has been used to highlight items to the readers:

i Implementation guidance provided to facilitate the presentations / disclosures.

Abbreviations used for references in this format:

GI General Instructions (GI) to the Revised Schedule VI issued by the MCA as part of the notification

Narrative details to be provided for the relevant account balance / transaction and instructions to the preparers of the financial statements.

BS General Instructions to the Balance Sheet (BS) issued by the MCA as part of the Revised Schedule VI

GN Guidance Note (GN) on the Revised Schedule VI to the Companies Act, 1956 issued by the ICAI

PL General Instructions to the Statement of Profit and Loss (PL) issued by the MCA as part of the Revised Schedule VI

AS Accounting Standards (AS) notified under the Companies (Accounting Standards) Rules, 2006 (as amended)

Other Ann / Gn Other Announcements (Ann) / Guidance Notes (Gn) of ICAI prescribing accounting and disclosure requirements

Listing Clause Disclosure requirements as specified in the relevant clause of the Listing Agreement

References and abbreviations used in the format of financial statements

The following pattern has been used to highlight items to the readers:

Implementation guidance provided to facilitate the presentations / disclosures.

Abbreviations used for references in this format:

General Instructions (GI) to the Revised Schedule VI issued by the MCA as part of the notification

Narrative details to be provided for the relevant account balance / transaction and instructions to the preparers

General Instructions to the Balance Sheet (BS) 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

General Instructions to the Statement of Profit and Loss (PL) issued by the MCA as part of the Revised

Accounting Standards (AS) notified under the Companies (Accounting Standards) Rules, 2006 (as amended)

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

Ref. No. GENERAL INSTRUCTIONS GIVEN BY THE MCA FOR PREPARATION OF BALANCE SHEET AND STATEMENT OF PROFIT AND LOSS OF A COMPANY

GI 1 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.

GI 2 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.

GI 3 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.

Turnover

(i) less than one hundred crore rupees

(ii) one hundred crore rupees or more

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.

GI 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.

GI 6 For the purpose of this Schedule, the terms used herein shall be as per the applicable Accounting Standards.

Note to GI

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, 1956 or under the Accounting Standards.

Ref. No. GENERAL INSTRUCTIONS FOR PREPARATION OF THE BALANCE SHEET - NOTES 1 TO 5 (Refer GN 7.1 to 7.6)

BS 1 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 company’s 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.

GN 7.2.1

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.

BS 3 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 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.

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.

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.

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

Notes to accounts shall contain information in addition to that presented in the Financial Statements and shall

(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.

Rounding off

To the nearest lakhs, millions or crores, or decimals thereof.

Depending upon the turnover of the company, the figures appearing in the Financial Statements may be rounded

To the nearest hundreds, thousands, lakhs or millions, or decimals thereof.

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 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, 1956 or under the Accounting Standards.

GENERAL INSTRUCTIONS FOR PREPARATION OF THE BALANCE SHEET - NOTES 1 TO 5 (Refer GN 7.1 to 7.6)

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 company’s 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

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 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.

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.

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.

Name of the Company

Balance Sheet as at 31 March, 20X2

Particulars

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

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

Ref No.GI 3GN 6.10

Note No.

GI 4GN 6.14

(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

In terms of our report attached.

For _______________________ For and on behalf of the Board of Directors

Chartered Accountants

XXX Chairman

Chief Financial Officer

Place : Place :

Date : Date :

See accompanying notes forming part of the financial statements

Partner

As at 31 March, 20X2 As at 31 March, 20X1

For and on behalf of the Board of Directors

Chairman Managing Director

Chief Financial Officer Company Secretary

i (Statement of Profit and Loss without stating EBITDA)

Name of the Company

Statement of Profit and Loss for the year ended 31 March, 20X2

Particulars

A CONTINUING OPERATIONS

1 Revenue from operations (gross)

AS 9.10 Less: Excise duty

Revenue from operations (net)

2 Other income

3 Total revenue (1+2)

4 Expenses

(a) Cost of materials consumed

(b) Purchases of stock-in-trade

(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade

(d) Employee benefits expense

(e) Finance costs

(f) Depreciation and amortisation expense

(g) Other expenses

Total expenses

Ref No.GI 3GN 6.10

GI 4GN 6.14

5 Profit / (Loss) before exceptional and extraordinary items and tax (3 - 4)

6 Exceptional items

7 Profit / (Loss) before extraordinary items and tax (5 + 6)

8 Extraordinary items

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

12.i Profit / (Loss) from discontinuing operations (before tax)GN 9.9.2AS 24.32(a)

GN 9.10 12.iii Add / (Less): Tax expense of discontinuing operations

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

13 Profit / (Loss) from discontinuing operations (12.i + 12.ii + 12.iii)

C TOTAL OPERATIONS

14 Profit / (Loss) for the year (11 + 13)

i (Statement of Profit and Loss without stating EBITDA)

Name of the Company

Statement of Profit and Loss for the year ended 31 March, 20X2 (contd.)

Particulars

GN 9.9.3AS 24.32(b)

Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the discontinuing operations

GN 6.5GN 6.6GN 9.9

Ref No.GI 3GN 6.10

15.i Earnings per share (of ` ___/- each):

(a) Basic

AS 20.50 (i) Continuing operations

(ii) Total operations

(b) Diluted

AS 20.48.i 15.ii Earnings per share (excluding extraordinary items) (of ` ___/- each):

(a) Basic

(b) Diluted

For _______________________

GI 4GN 6.14

AS 20.8AS 20.9GN 9.11

Place :

Date :

Partner

(Statement of Profit and Loss without stating EBITDA)

Note No.

For the year ended 31 March, 20X2

(Statement of Profit and Loss without stating EBITDA)

Note No. For the year ended 31 March, 20X2

30.9.a

30.9.b

30.9.e

30.9.f

30.9.c

30.9.d

30.9.g

30.9.h

Place :

Date :

i (Statement of Profit and Loss stating EBITDA)

Name of the Company

Particulars

AS 9.10

Ref No.GI 3GN 6.10

GI 4GN 6.14

GN 6.16 3

GN 9.8.1

GN 9.8.2

14.iGN 9.9.2AS 24.32(a)

GN 9.10 14.iii

AS 24.32(a)

AS 24.23(a)

i (Statement of Profit and Loss stating EBITDA)

Name of the Company

Particulars

GN 9.9.3AS 24.32(b)

GN 6.5GN 6.6GN 9.9

Ref No.GI 3GN 6.10

AS 20.50

AS 20.48.i 17.ii

AS 20.50

For _______________________

GI 4GN 6.14

AS 20.8AS 20.9GN 9.11

Place :

Date :

Partner

(Statement of Profit and Loss stating EBITDA)

Name of the Company

Particulars Note No.

CONTINUING OPERATIONS

Revenue from operations (gross) 22

Less: Excise duty 22

Revenue from operations (net)

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

Finance costs 26

Depreciation and amortisation expense 12.C

Other income 23

Profit / (Loss) before exceptional and extraordinary items and tax (3 + 4 + 5 + 6)

Exceptional items 28.a

Earnings before exceptional items, extraordinary items, interest, tax, depreciation and amortisation (EBITDA) (1 - 2)

Profit / (Loss) before extraordinary items and tax (7 + 8)

Extraordinary items 28.b

Profit / (Loss) before tax (9 + 10)

Tax expense:

(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

(e) Deferred tax

Profit / (Loss) from continuing operations (11 + 12)

DISCONTINUING OPERATIONS

Profit / (Loss) from discontinuing operations (before tax) 30.11

Add / (Less): Tax expense of discontinuing operations 30.11

(a) on ordinary activities attributable to the discontinuing operations

(b) on gain / (loss) on disposal of assets / settlement of liabilities

Profit / (Loss) from discontinuing operations (14.i + 14.ii + 14.iii) 30.11

TOTAL OPERATIONS

Profit / (Loss) for the year (13 + 15)

Name of the Company

Particulars Note No.

Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the discontinuing operations

Earnings per share (of ` ___/- each):

(a) Basic

(i) Continuing operations 30.9.a

(ii) Total operations 30.9.b

(b) Diluted

(i) Continuing operations 30.9.e

(ii) Total operations 30.9.f

Earnings per share (excluding extraordinary items) (of ` ___/- each):

(a) Basic

(i) Continuing operations 30.9.c

(ii) Total operations 30.9.d

(b) Diluted

(i) Continuing operations 30.9.g

(ii) Total operations 30.9.h

Chairman

Place :

Date :

Partner

i CASH FLOW STATEMENT FOR COMPANIES OTHER THAN FINANCE COMPANIES

Name of the Company

AS 3.18(b) Cash Flow Statement for the year ended 31 March, 20X2

Particulars

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

Ref No.GI 3GN 6.10

GI 4GN 6.14

AS 3.8AS 3.20

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

Net income tax (paid) / refunds

Net cash flow from / (used in) operating activities (A)

AS 3.34AS 3.35

CASH FLOW STATEMENT FOR COMPANIES OTHER THAN FINANCE COMPANIES

Name of the Company

AS 3.18(b) Cash Flow Statement for the year ended 31 March, 20X2 (Contd.)

Particulars

B. Cash flow from investing activities

Capital expenditure on fixed assets, including capital advances

Proceeds from sale of fixed assets

AS 3.22.b Inter-corporate deposits (net)

Bank balances not considered as Cash and cash equivalents

- Placed

- Matured

Current investments not considered as Cash and cash equivalents

- Purchased

- Proceeds from sale

Purchase of long-term investments

- Subsidiaries

AS 3.36 - Associates

AS 3.36 - Joint ventures

AS 3.37 - Business units

- Others

Proceeds from sale of long-term investments

Ref No.GI 3GN 6.10

GI 4GN 6.14

AS 3.8AS 3.15

AS 3.36AS 3.37

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

Amounts received from partnership firms

Amounts received from AOPs

Amounts received from LLPs

Net income tax (paid) / refunds

Net cash flow from / (used in) investing activities (B)

AS 3.34AS 3.35

Name of the Company

AS 3.18(b) Cash Flow Statement for the year ended 31 March, 20X2 (Contd.)

Particulars

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

Ref No.GI 3GN 6.10

GI 4GN 6.14

AS 3.8AS 3.17

Effect of exchange differences on restatement of foreign currency Cash and cash equivalents

Cash and cash equivalents at the end of the year

AS 3.42

Cash and cash equivalents as per Balance Sheet (Refer Note 19)

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)

Net Cash and cash equivalents (as defined in AS 3 Cash Flow Statements) included in Note 19

Cash and cash equivalents at the end of the year *

AS 3.42 * Comprises:

(a) Cash on hand

(b) Cheques, drafts on hand

(c) Balances with banks

(i) In current accounts

(ii) In EEFC accounts

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)

(iii) In deposit accounts with original maturity of less than 3 months

AS 3.45 (iv) In earmarked accounts (give details) (Refer Note (ii) below)

(d) Others (specify nature)

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.

(e) Current investments considered as part of Cash and cash equivalents (Refer Note (ii) to Note 16 Current investments)

XXX Chairman

Place : Place :

Date : Date :

Partner

(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.

Managing Director

Name of the Company

Notes forming part of the financial statements

Ref No. Note

AS 1.1 2

AS 2.26.a 2.3

Name of the Company

Note 2 Significant accounting policies (contd.)

Ref No. Note

AS 3.5.2

AS 6.29AS 26.63AS 26.78AS 26.90.aAS 26.90.bAS 26.94.a

GN 9.1.3GN 9.1.4GN 9.1.5AS 9.11

AS 7.38.bAS 7.38.cAS 9.12

Name of the Company

Ref No. Note

AS 9.13 2.8

AS 7.38.bAS 7.38.cAS 9.12

AS 10.20AS 10.23AS 10.8.2

AS 10.22

AS 10.27AS 10.30

AS 10.24

Name of the Company

Ref No. Note

AS 26.23AS 26.59AS 26.62

AS 11.9AS 11.21

AS 11.11AS 11.21

AS 11.13AS 11.15AS 11.21AS 11.46AS 11.46A

AS 11.36

Name of the Company

Ref No. Note

AS 12.13AS 12.14AS 12.15AS 12.16AS 12.17

AS 13.28AS 13.31AS 13.32AS 13.35.a

AS 15.45

AS 15.55AS 15.57AS 15.65AS 15.92AS 15.94AS 15.120.aAS 15.120.b

Name of the Company

Ref No. Note

AS 15.55AS 15.57AS 15.65AS 15.92AS 15.94AS 15.120.aAS 15.120.b

AS 15.10AS 15.11

AS 15.129

AS 15.10AS 15.11

AS 15.129

AS 16.6AS 16.14AS 16.17AS 16.19

Name of the Company

Ref No. Note

AS 17.19AS 17.20AS 17.24AS 17.33AS 17.36AS 17.53

AS 19.11AS 19.16AS 19.23AS 19.26AS 19.40

Name of the Company

Ref No. Note

AS 20.10AS 20.26AS 20.29AS 20.32AS 20.35AS 20.39

AS 22.20AS 22.21AS 22.15AS 22.17AS 22.26AS 22.29

AS 26.41AS 26.44AS 26.23

AS 27.12

Name of the Company

Ref No. Note

AS 28.6AS 28.47AS 28.57AS 28.103

AS 29.14AS 29.35AS 29.27

AS 29.14AS 29.35

Name of the Company

Ref No. Note

Name of the Company

Particulars

Corporate information

? Give a brief note on the business activity / operations of the Company and its place(s) of business.

Significant accounting policies (Illustrative)

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.

Basis of accounting and preparation of financial statements

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.

Use of estimates

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 __.

Inventories

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.

Name of the Company

Particulars

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.

Cash and cash equivalents (for purposes of Cash Flow Statement)

Cash flow statement

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.

Depreciation and amortisation

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.

Vehicles - 4 years

Computers and data processing equipments - 4 years

Leasehold land is amortised over the duration of the lease

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:

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.

Revenue recognition

Sale of goods

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.

Income from services

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.

Name of the Company

Particulars

Other income

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.

Tangible fixed assets

Interest income is accounted on accrual basis. Dividend income is accounted for when the right to receive it is established.

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.

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.

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.

Capital work-in-progress:

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.

Name of the Company

Particulars

Intangible assets

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.

Foreign currency transactions and translations

Initial recognition

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.

Measurement of foreign currency monetary items at the Balance Sheet date

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.

Treatment of exchange differences

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.

Accounting of forward contracts

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.

Name of the Company

Particulars

Government grants, subsidies and export incentives

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.

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.

Investments

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.

Employee benefits

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.

Defined contribution plans

Employee benefits include provident fund, superannuation fund, gratuity fund, compensated absences, long service awards and post-employment medical benefits.

Defined benefit 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.

Name of the Company

Particulars

Short-term employee benefits

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.

Long-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.

Employee share based payments

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.

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]

Borrowing costs

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.

Segment reporting

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.

Name of the Company

Particulars

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.

Leases

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”.

Earnings per share

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.

Name of the Company

Particulars

Taxes on income

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.

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.

Research and development expenses

Current and deferred tax relating to items directly recognised in equity are recognised in equity and not in the Statement of Profit and Loss.

Joint venture operations

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 product’s 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.

Name of the Company

Particulars

Impairment of assets

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 Company’s accounts to the extent of the participating interest of the Company as per the Joint Venture Agreements.

Provisions and contingencies

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.

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.

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.

Hedge accounting

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.

Name of the Company

Particulars

Derivative contracts

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.

Share issues expenses

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.

Insurance claims

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.

Service tax input credit

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.

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.

Name of the Company

GN 8.1.1 Note 3 Share capital @

Ref. No. Particulars

(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

(b) Issued #

(c) Subscribed and fully paid up

BS 6.A.aGN 8.1.1.5GN 8.1.1.6GN 8.1.1.8

BS 6.A.bGN 8.1.1.5GN 8.1.1.7GN 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.bGN 8.1.1.5GN 8.1.1.7GN 8.1.1.8

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

@ 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.

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.).

` `Number of

sharesNumber of

shares

@ 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 /

# 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.).

Name of the Company

GN 8.1.1 Note 3 Share capital (contd.)

Notes:

BS 6.A.d (i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period:

GN 8.1.1.9 ? 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.

Particulars Fresh issue Bonus ESOP

Year ended 31 March, 20X2

- Number of shares

- Amount (`)

- Number of shares

- Amount (`)

Opening Balance

Equity shares with voting rights

Equity shares with differential voting rights

- Number of shares

- Amount (`)

- Number of shares

- Amount (`)

- Number of shares

- Amount (`)

Compulsorily convertible preference shares

- Number of shares

- Amount (`)

- Number of shares

- Amount (`)

- Number of shares

- Amount (`)

Optionally convertible preference shares

Redeemable preference shares

- Number of shares

- Amount (`)

- Number of shares

- Amount (`)

Particulars

(i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period:

? 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.

Conversion Buy back Other changes

(give details)

Closing Balance

Name of the Company

GN 8.1.1 Note 3 Share capital (contd.)

Notes:

BS 6.A.eGN 8.1.1.10

? (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.

BS 6.U Arrears of fixed cumulative dividends on preference shares as at 31 March, 20X2 ` ____ (As at 31 March, 20X1 ` _____)

BS 6.A.f (iii) Details of shares held by the holding company, the ultimate holding company, their subsidiaries and associates:

GN 8.1.1.11

Particulars

Number of shares

As at 31 March, 20X2

Equity shares with differential voting

rights

______, the holding company

Subsidiaries of the holding company

Associates of the holding company

______, the holding company

Subsidiaries of the holding company

______, the ultimate holding company

Subsidiaries of the ultimate holding company

Associates of the ultimate holding company

______, the ultimate holding company

Associates of the holding company

BS 6.A. g (iv) Details of shares held by each shareholder holding more than 5% shares:

GN 8.1.1.12

Shareholder 1

Subsidiaries of the ultimate holding company

Associates of the ultimate holding company

Class of shares / Name of shareholder

Number of shares held

% holding in that class of shares

Shareholder 2

Shareholder 1

Shareholder 2

Shareholder 1

Shareholder 2

Shareholder 1

Shareholder 2

Shareholder 1

Shareholder 2

(v) As at 31 March, 20X2 _____ shares (As at 31 March, 20X1________ shares) were reserved for issuance as follows:BS 6.A.hGN 8.1.1.13

(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)

BS 6.A.jGN 8.1.1.15

(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 )]

GN 8.1.1.13 ?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.

GN 8.1.1.15 ?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.

BS 6.A.i

GN 8.1.1.14

Particulars Aggregate number of shares

(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:

Shares bought back

Fully paid up pursuant to contract(s) without payment being received in cash

Fully paid up by way of bonus shares

Shares bought back

Shares bought backRedeemable preference shares

Shares bought back

GN 8.1.1.14

BS 6.A.k (vii) Details of calls unpaid

GN 8.1.1.16

? 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.

Particulars As at 31 March, 20X2

Number of shares`

Aggregate of calls unpaid

- by directors

- by officers

- by others

- by directors

- by officers

- by others

- by directors

- by officers

- by others

- by directors

- by officers

- by othersRedeemable preference shares

- by directors

- by officers

- by others

BS 6.A.l (viii) Details of forfeited shares

Class of shares As at 31 March, 20X2

Number of shares Amount originally

paid up`

Name of the Company

Particulars

? (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.

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:

Number of shares

Compulsorily convertible preference

shares

Optionally convertible preference

shares

Redeemable preference

shares

(iv) Details of shares held by each shareholder holding more than 5% shares:

Number of shares held

% holding in that class of shares

(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.

(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

?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.

(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:

? 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.

`Number of

shares

Number of shares

Amount originally

paid up`

Name of the Company

GN 8.1.2 Note 4 Reserves and surplus

BS 6.B.i.a (a) Capital reserve

GN 8.1.2.2 Opening balance

GN 8.1.2.10 Add: Additions during the year (give details)

GN 8.1.2.10 Less: Utilised / transferred during the year (give details)

Closing balance

BS 6.B.i.b (b) Capital redemption reserve

GN 8.1.2.10 Add: Additions during the year

Transferred from surplus in Statement of Profit and Loss

Others (give details)

GN 8.1.2.10 Less: Utilised during the year (give details)

Closing balance

BS 6.B.i.c (c) Securities premium account

GN 8.1.2.10 Add : Premium on shares issued during the year

GN 8.1.2.10 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

Buy back of shares

Closing balance

BS 6.B.i.d (d) Debenture redemption reserve

GN 8.1.2.10 Add: Additions during the year

Transferred from surplus in Statement of Profit and Loss

GN 8.1.2.10 Less: Utilised / transferred during the year (give details)

Closing balance

BS 6.B.i.e (e) Revaluation reserve

GN 8.1.2.10 Add: Addition on revaluations during the year

GN 8.1.2.10 Less: Utilised for set off against depreciation

Written back / other utilisations during the year (give details)

Closing balance

BS 6.B.i.f (f) Share options outstanding account

GN 8.1.2.10 Add: Amounts recorded on grants/modifications/cancellations during the year

GN 8.1.2.10 Less: Written back to Statement of Profit and Loss during the year

Transferred to Securities premium account

GN 8.1.2.10 Less: Deferred stock compensation expense

Closing balance

(g) General reserve

Opening balance

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:

Issuing bonus shares

Closing balance

AS 11.40.b (h) Foreign currency translation reserve

Opening balance

GN 8.1.2.10 Add / (Less): Effect of foreign exchange rate variations during the year

GN 8.1.2.10

Closing balance

GN 8.1.2 Note 4 Reserves and surplus (contd.)

(i) Hedging reserve

Opening balance

Add / (Less): Transferred to Statement of Profit and Loss on disposal of the net investment in non-integral foreign operations

GN 8.1.2.10

GN 8.1.2.10 Add / (Less): Transferred to Statement of Profit and Loss

Closing balance

(j) Other reserves (specify the nature and purpose of each reserve)

Opening balance

GN 8.1.2.10 Add: Additions / transfers during the year

GN 8.1.2.10 Less: Utilisations / transfers during the year

Closing balance

(k) Surplus / (Deficit) in Statement of Profit and Loss

Opening balance

GN 8.1.2.10 Add: Profit / (Loss) for the year

Add / (Less): Effect of foreign exchange rate variations on hedging instruments outstanding at the end of the year

BS 6.B.i.gGN 8.1.2.8

BS 6.B.i.hBS 6.B.iiiGN 8.1.2.9GN 8.1.2.12

Amounts transferred from:

General reserve

Other reserves (give details)

GN 8.1.2.10 Less: Interim dividend

BS 6.U Dividends proposed to be distributed to equity shareholders (`___ per share)

BS 6.U Dividends proposed to be distributed to preference shareholders (`___ per share)

Tax on dividend

Transferred to:

General reserve

Capital redemption reserve

Debenture redemption reserve

Other reserves (give details)

Closing balance

PL 5(iv)(b)GN10.10

PL 5(iv)(a)GN 10.9

Name of the Company

Note 4 Reserves and surplus

Note 4 Reserves and surplus (contd.)

Name of the Company

Note 5 Long-term borrowings #

(a) Bonds / debentures (Refer Note (i) below)

BS 6.C.ii Secured

BS 6.C.ii Unsecured

(b) Term loans

From banks

BS 6.C.ii Secured

BS 6.C.ii Unsecured

From other parties

BS 6.C.ii Secured

BS 6.C.ii Unsecured

GN 8.3.1GN 8.3.1.1GN 8.3.1.2GN 8.3.1.7GN 8.3.1.10GN 7.1.8

BS 6.C.i.aGN 7.5

BS 6.C.i.bGN 8.3.1.8

(c) Deferred payment liabilities

BS 6.C.ii Secured

BS 6.C.ii Unsecured

(d) Deposits

BS 6.C.ii Secured

BS 6.C.ii Unsecured

(e) Loans and advances from related parties @ (Refer Note 30.7)

BS 6.C.ii Secured

BS 6.C.ii Unsecured

BS 6.C.i.f

BS 6.C.ii Secured

BS 6.C.ii Unsecured

BS 6.C.i.cGN 8.3.1.9

BS 6.C.i.dGN 8.3.1.19

BS 6.C.i.eGN 8.3.1.20GN 6.15

(f) Long-term maturities of finance lease obligations (Refer Note 30.8.c)

BS 6.C.i.g (g) Other loans and advances (specify nature)

BS 6.C.ii Secured

BS 6.C.ii Unsecured

# 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.

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.

Name of the Company

# 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

@ Details of loans and advances to related parties should be given in accordance with the disclosure requirements contained in AS 18

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.

Name of the Company

Note 5 Long-term borrowings (contd.)

Notes:

(i) Details of bonds / debentures issued by the Company:

GN 8.3.1GN 8.3.1.1GN 8.3.1.2GN 8.3.1.7GN 8.3.1.10GN 7.1.8

GN 8.3.1.4

BS 6.C.ii Secured

?(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.ivGN 8.3.1.4GN 8.3.1.11GN 8.3.1.12GN 8.3.1.13GN 8.3.1.17GN 8.3.1.18

__% Redeemable bonds / debentures

Others

Total - Bonds / debentures

BS 6.C.ivGN 8.3.1.4GN 8.3.1.11GN 8.3.1.12GN 8.3.1.13GN 8.3.1.17GN 8.3.1.18

__ % Convertible bonds / debentures

GN 8.3.1.11GN 8.3.1.12

? * 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.

(iii) Details of terms of repayment for the other long-term borrowings and security provided in respect of the secured other long-term borrowings:

BS 6.C.ii Secured

Term loans from banks:

BS 6.C.vGN 8.3.1.5

(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*

BS 6.C.viGN 8.3.1.11GN 8.3.1.12GN 8.3.1.13GN 8.3.1.17GN 8.3.1.18

XXX Bank

YYY Bank

Total - Term loans from banks

Term loans from other parties:

ABC Ltd.

XYZ Ltd.

Deferred payment liabilities:

Deferred sales tax liability

Deposits:

Public deposits

Inter-corporate deposit 1

Total - Term loans from other parties

Deferred payment for acquisition of fixed assets

Total - Deferred payment liabilities

Total - Deposits

Finance lease Co. 1

Finance lease Co. 2

Other loans and advances:

Loan 1

Advance 1

Loans and advances from related parties:

Total - Loans and advances from related parties

Long-term maturities of finance lease obligations:

Total - Long-term maturities of finance lease obligations

(iv) Details of long-term borrowings guaranteed by some of the directors or others:

Total - Other loans and advances

GN 8.3.1.17GN 8.3.1.18

? * 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.

BS 6.C.iiiGN 8.3.1.3GN 8.3.1.13

Particulars

Bonds / debentures

Term loans from banks

Term loans from other parties

Deferred payment liabilities

Deposits

Other loans and advances

Loans and advances from related parties

Long-term maturities of finance lease obligations

GN 8.3.1.13

(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.

BS 6.C.viiGN 8.3.1.6

GN 8.3.1.14GN 8.3.1.15GN 8.3.1.16

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

Principal

Interest

Principal

Interest

Principal

Interest

GN 8.3.1.14GN 8.3.1.15GN 8.3.1.16

Long-term maturities of finance lease obligations

(vi) For the current maturities of long-term borrowings, refer items (a) and (b) in Note 10 Other current liabilities.

Name of the Company

Note 5 Long-term borrowings (contd.)

Particulars

(i) Details of bonds / debentures issued by the Company:

Unsecured Secured Unsecured

?(In the descending order of maturity / conversion. If redeemable in installments, maturity date should be considered as the due date for the first

? * 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

(iii) Details of terms of repayment for the other long-term borrowings and security provided in respect of the secured other long-term borrowings:

Unsecured Secured Unsecured

(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.

(iv) Details of long-term borrowings guaranteed by some of the directors or others:

? * 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.

(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

Period of default`

(vi) For the current maturities of long-term borrowings, refer items (a) and (b) in Note 10 Other current liabilities.

Name of the Company

GN 8.4 Note 6 Other long-term liabilities

Ref. No. Particulars As at 31 March, 20X2

(a) Trade Payables: *

(i) Acceptances

(ii) Other than Acceptances

(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

BS 6.D.aGN 8.4.1

BS 6.D.bGN 8.4.1

(vi) Trade / security deposits received

(vii) Advances from customers

(viii) Income received in advance (Unearned revenue)

(ix) Others (specify nature)

* 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

Name of the Company

GN 8.5 Note 7 Long-term provisions

BS 6.E.a

(a) Provision for employee benefits:

(i) Provision for compensated absences

(ii) Provision for gratuity (net) (Refer Note 30.4.b)

GN 7.3GN 8.5.1

(iii) Provision for post-employment medical benefits (Refer Note 30.4.b)

(v) Provision for other employee benefits (give details)

BS 6.E.b (b) Provision - Others:

(ii) Provision for estimated loss on derivatives

GN 7.3GN 8.5.1

(iv) Provision for other defined benefit plans (net) (give details) (Refer Note 30.4.b)

(i) Provision for premium payable on redemption of bonds (Refer Note 5 Long-term borrowings)

(iii) Provision for warranty (Refer Note 30.14)

(v) Provision for other contingencies (Refer Note 30.14)

(vi) Provision - others (give details)

(iv) Provision for estimated losses on onerous contracts (Refer Note 30.14)

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.

Name of the Company

Note 8 Short-term borrowings

BS 6.F.i.a (a) Loans repayable on demand

From banks

BS 6.F.ii Secured

BS 6.F.ii Unsecured

From other parties

BS 6.F.ii Secured

BS 6.F.ii Unsecured

(b) Loans and advances from related parties @ (Refer Note 30.7)

BS 6.F.ii Secured

BS 6.F.ii Unsecured

BS 6.F.i.c (c) Deposits

GN 7.1.8GN 8.6.1.1GN 8.6.1.2

BS 6.F.i.bGN 6.15GN 8.3.1.20

BS 6.F.ii Secured

BS 6.F.ii Unsecured

BS 6.F.i.d (d) Other loans and advances (specify nature)

BS 6.F.ii Secured

BS 6.F.ii Unsecured

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.

Notes:

BS 6.F.ii (i) Details of security for the secured short-term borrowings:

Particulars Nature of security

GN 8.3.1.13

Loans repayable on demand

from banks:

GN 8.3.1.11GN 8.3.1.12

XXX Bank

YYY Bank

Total - from banks

ABC Ltd.

XYZ Ltd.

Total - from other parties

? 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.

Loans repayable on demand from other parties:

Deposits:

Public deposits

Total - Deposits

Other loans and advances:

Loan 1

Advance 1

Total - Other loans and advances

Note 8 Short-term borrowings (contd.)

? 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.

Loans and advances from related parties:

Total - Loans and advances from related parties

GN 7.1.8GN 8.6.1.1GN 8.6.1.2

(ii) Details of short-term borrowings guaranteed by some of the directors or others:

Particulars

Deposits

BS 6.F.iiiGN 8.3.1.3GN 8.3.1.13

Loans repayable on demand from banks

Loans repayable on demand from other parties

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

Particulars

(ii) Details of short-term borrowings guaranteed by some of the directors or others:

Name of the Company

(iii) The Company has defaulted in repayment of loans and interest in respect of the following:

Particulars As at 31 March, 20X2 As at 31 March, 20X1

Loans repayable on demand from banks

Principal

Interest

GN 7.1.8GN 8.6.1.1GN 8.6.1.2

BS 6.F.ivGN 8.3.1.6

GN 8.3.1.14GN 8.3.1.15GN 8.3.1.16

Period of default

Principal

Interest

Principal

Interest

Deposits

Principal

Interest

Principal

Interest

Loans repayable on demand from other parties

Particulars

(iii) The Company has defaulted in repayment of loans and interest in respect of the following:

Name of the Company

GN 8.6.2 Note 9 Trade payables *

Ref. No. Particulars As at 31 March, 20X2 As at 31 March, 20X1

BS 6.D.a Trade payables:

Acceptances

Other than Acceptances

GN 7.1.6GN 8.4.1

Name of the Company

GN 8.6.3 Note 10 Other current liabilities @

GN 7.1.7

(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.aGN 8.3.1.10

BS 6.G.e (e) Income received in advance (Unearned revenue)

BS 6.G.f (f) Unpaid dividends

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

BS 6.G.gGN 8.2.1GN 8.2.2GN 8.2.3

(g) Application money received for allotment of securities and due for refund and interest accrued thereon #

(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

(i) Statutory remittances (Contributions to PF and ESIC, Withholding Taxes, Excise Duty, VAT, Service Tax, etc.)

(vii) Advances from customers

(viii) Others (specify nature)

GN 7.1.6

@ 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.

GN 8.2.3

? # 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 8.3.1.11 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):

Particulars

(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

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

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.

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

GN 8.6.4 Note 11 Short-term provisions

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)

(vi) Provision for other employee benefits (give details)

GN 7.3GN 8.5.1

(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)

BS 6.H.b (b) Provision - Others:

(iii) Provision for estimated loss on derivatives

(iv) Provision for warranty (Refer Note 30.14)

(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)

(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)

(v) Provision for estimated losses on onerous contracts (Refer Note 30.14)

@ 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

@ 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

GN 8.7.1 Note 12 Fixed assets

Ref. No. A. Tangible assets Gross block

GN 8.7.1.1

(a) Land

Freehold

Leasehold *

(b) Buildings

Own use

Given under operating lease *

(c) Plant and Equipment

Taken under finance lease *

Balance as at

1 April, 20X1

BS 6.I.iBS 6.I.iiBS 6.I.iiiAS 10.37.iAS 6.28AS 19.22.aAS 19.22.b

(d) Furniture and Fixtures

(e) Vehicles

(f) Office equipment

(g) Leasehold improvements

Previous year

GN 8.7.1 Note 12 Fixed assets (contd.)

Ref. No. A Tangible assets Accumulated depreciation and impairment

(h) Others (specify nature), e.g. Railway sidings, etc.

Ref. No. Tangible assets

GN 8.7.1.1

(a) Land

Freehold

Leasehold *

(b) Buildings

Own use

(c) Plant and Equipment

Balance as at

1 April, 20X1

(d) Furniture and Fixtures

(e) Vehicles

(f) Office equipment

(g) Leasehold improvements

Previous year

i * Information regarding assets under lease (taken or given), where applicable, may also be given as a separate note for each class of asset.

GN 8.7.1.1 ?

Asset disposals through demergers and amounts written off on reduction of capital should be disclosed separately for each class of assets.

(h) Others (specify nature), e.g. Railway sidings, etc.

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.

Name of the Company

Gross block

Additions Disposals

` ` ` `

Acquisitions through business

combinations

Reclassified as held for sale

Accumulated depreciation and impairment

` ` ` `

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

* Information regarding assets under lease (taken or given), where applicable, may also be given as a separate note for each class of asset.

Gross block

Other adjustments

` ` ` `

Revaluation increase

Effect of foreign currency exchange

differences

Borrowing cost capitalised

Accumulated depreciation and impairment Net block

Other adjustments

` ` ` `

Reversal of impairment losses

recognised in Statement of Profit

and Loss

Balance as at

31 March, 20X2

Balance as at

31 March, 20X2

Gross block

Balance as at

31 March, 20X2

Net block

Balance as at

31 March, 20X1

Name of the Company

Ref. No. B Intangible assets Gross block

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

Balance as at

1 April, 20X1

(h) Licenses and franchise

(i) Others (specify nature)

Previous year

Ref. No. B Intangible assets Accumulated depreciation and impairment

(f) Copyrights, patents and other intellectual property rights, services and operating rights

(g) Recipes, formulae, models, designs and prototypes

Ref. No. Intangible assets

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

Balance as at

1 April, 20X1

(f) Copyrights, patents and other intellectual property rights, services and operating rights

(h) Licenses and franchise

(i) Others (specify nature)

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 ?

(g) Recipes, formulae, models, designs and prototypes

AS 26.94.c ?

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.

Name of the Company

Gross block

Additions Disposals

` ` ` `

Acquisitions through business

combinations

Reclassified as held for sale

Accumulated depreciation and impairment

` ` ` `

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

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.

Gross block

Other adjustments

` ` ` `

Effect of foreign currency exchange

differences

Borrowing cost capitalised

Balance as at

31 March, 20X2

Accumulated depreciation and impairment Net block

Other adjustments

` ` ` `

Balance as at

31 March, 20X2

Balance as at

31 March, 20X2

Balance as at

31 March, 20X1

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.

Name of the Company

GN 9.5.6 C. Depreciation and amortisation relating to continuing operations:

Particulars

Depreciation and amortisation for the year on tangible assets as per Note 12 A

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

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 Particulars Year

31 March, 20X2`

Opening balance

Written off on reduction of capital

Amount

Written off on revaluation

GN 8.7.1.1.ivGN 8.7.1.2.iii

? Details to be provided for each class of asset

Amount

Added on revaluation

Amount

Balance as at 31 March

AS 10.33 (ii) Details of assets acquired under hire purchase agreements:

Particulars Gross block

31 March, 20X2`

AS 10.34 (iii) Details of assets jointly owned by the Company:

Particulars Extent of ownership by the Company

AS 19.46.a

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.

Name of the Company

Particulars

Depreciation and amortisation relating to continuing operations:

Particulars

Depreciation and amortisation for the year on tangible assets as per Note 12 A

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

(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:

31 March, 20X1 Prior Year 1 Prior Year 2 Prior Year 3` ` ` `

(ii) Details of assets acquired under hire purchase agreements:

Gross block Net block

31 March, 20X1 31 March, 20X2 31 March, 20X1` ` `

Proportion of the original cost Accumulated depreciation

31 March, 20X2 31 March, 20X1 31 March, 20X2 31 March, 20X1` ` ` `

Particulars

Net block

31 March, 20X2 31 March, 20X1` `

Name of the Company

Note 13 Non-current investments

Ref. No.

Particulars

Investments (At cost):

GN 8.7.2.1 A. Trade @

(i) of subsidiaries

GN 8.7.2.7

AS 13.26AS 13.27

GN 8.7.2GN 7.4.1GN 7.4.2

BS 6.K.iBS 6.K.iiGN 8.7.2.5AS 13.32

BS 6.K.i.bGN 8.7.2.7

Investment in equity instruments (give details separately for fully / partly paid up instruments)

E.g.. 5,000 (As at 31 March, 20X1: 4,000) shares of ` 10 each fully paid up in ABC Ltd.

GN 8.7.2.7

(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)

(i) of subsidiaries

(ii) of associates

(i) of subsidiaries

(ii) of associates

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.

BS 6.K.i.cGN 8.7.2.7

Investment in preference shares (give details separately for fully / partly paid up shares)

BS 6.K.i.eGN 8.7.2.7

Investment in debentures or bonds (give details separately for fully / partly paid up debentures / bonds)

BS 6.K.i.g (d) Investment in partnership firms (Refer Note below)

(e) Other non-current investments (specify nature)

Total - Trade (A)

BS 6.K.i.hGN 8.7.2.7

@ 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.

Note 13 Non-current investments (contd.)

Ref. No.

Particulars

B. Other 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.

AS 13.26AS 13.27

GN 8.7.2GN 7.4.1GN 7.4.2

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.

(i) of subsidiaries

(ii) of associates

BS 6.K.i.aGN 8.7.2.2

Investment property (specify nature), (net off accumulated depreciation and impairment, if any)

BS 6.K.i.bGN 8.7.2.7

(i) of subsidiaries

(ii) of associates

BS 6.K.i.d (d) Investment in government or trust securities

(i) government securities

(ii) trust securities

(i) of subsidiaries

(ii) of associates

BS 6.K.i.f (f) Investment in mutual funds (give details)

(g) Investment in partnership firms (Refer Note below)

Note 13 Non-current investments (contd.)

BS 6.K.i.cGN 8.7.2.7

BS 6.K.i.eGN 8.7.2.7

BS 6.K.i.gGN 8.7.2.9

AS 13.26AS 13.27

GN 8.7.2GN 7.4.1GN 7.4.2

Ref. No.

Particulars

(h) Other non-current investments (specify nature)

Total - Other investments (B)

Total (A+B)

Less: Provision for diminution in value of investments

Aggregate amount of quoted investments

Aggregate market value of listed and quoted investments

Aggregate value of listed but not quoted investments

Aggregate amount of unquoted investments

Note: Other details relating to investment in partnership firms

Name of the firm

i 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.

BS 6.K.i.hGN 8.7.2.7GN 8.7.2.9

BS 6.K.iii.cGN 8.7.2.3

BS 6.K.iii.aAS 13.35.eGN 8.7.2.6

BS 6.K.iii.aAS 13.35.e

BS 6.K.iii.bAS 13.35.e

BS 6.K.i.gGN 8.7.2.8GN 8.7.2.9

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.

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.

? 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 8.7.2.5 ? 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).

GN 8.7.2.4GN 8.7.2.7

GN 8.7.2.3

? 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.

AS 13.35.d

? 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.

Quoted # Unquoted # Total Quoted Unquoted

` ` ` ` `

@ 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.

Quoted Unquoted Total Quoted Unquoted

` ` ` ` `

Quoted Unquoted Total Quoted Unquoted

` ` ` ` `

Total capital

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.

Names of partners in the

Total capital

Share of each partner in the profits of the

Names of partners in the firm

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.

? 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-

@ 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

# 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

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.

Share of each partner in the profits of the firm

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

? 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-

Name of the Company

GN 8.7.3 Note 14 Long-term loans and advances

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.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.iGN 6.15

(c) Loans and advances to related parties (give details @) (Refer Note 30.7)

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.)

(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

GN 8.7.3 Note 14 Long-term loans and advances (contd.)

* 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.

BS 6.L.iv Note: Long-term loans and advances include amounts due from:

# The current portion of advance tax and MAT credit entitlement, if any, needs to be disclosed under Note 20 - Short-term loans and advances.

Directors *

Other officers of the Company *

Firms in which any director is a partner (give details per firm)

GN 8.7.3 ? *Or any of them either severally or jointly with any other person to be stated separately.

Private companies in which any director is a director or member (give details per company)

Particulars

* 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

# The current portion of advance tax and MAT credit entitlement, if any, needs to be disclosed under Note 20 - Short-

? *Or any of them either severally or jointly with any other person to be stated separately.

Name of the Company

GN 8.7.4 Note 15 Other non-current assets

BS 6.M.i

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

(a) Long-term trade receivables # (including trade receivables on deferred credit terms) (Refer Note below)

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)

# 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.

BS 6.M.iii Note: Long-term trade receivables include debts due from:

Directors *

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.

# Trade receivables are dues in respect of goods sold or services rendered in the normal course of business.

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

Note 16 Current investments

Ref. No.

Particulars

BS 6.N.ii.a A.

AS 13.26AS 13.27GN 8.8.1

GN 7.4GN 7.4.2

GN 8.7.2.5 B.

BS 6.N.ii.dGN 8.7.2.3

GN 8.7.2.4

BS 6.N.i.c(c)

BS 6.N.i.aGN 8.7.2.7

BS 6.N.i.bGN 8.7.2.7

GN 8.7.2.4

BS 6.N.i.e (e)

Note 16 Current investments (contd.)

Ref. No.

Particulars

BS 6.N.i.dGN 8.7.2.7

AS 13.26AS 13.27GN 8.8.1

GN 7.4GN 7.4.2

BS 6.N.i.fGN 8.7.2.9

Notes: (i) Other details relating to investment in partnership firms

BS 6.K.i.gGN 8.7.2.7GN 8.7.2.9

BS 6.N.ii.bAS 13.35.eGN 8.7.2.6

BS 6.N.ii.cAS 13.35.e

BS 6.N.ii.dGN 8.8.1.ii

BS 6.N.i.fGN 8.7.2.8GN 8.7.2.9

(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.

GN 8.7.2.4GN 8.7.2.7

GN 8.7.2.5

? 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.

GN 7.4GN 7.4.2

? 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.

Name of the Company

Note 16 Current investments

Particulars

Current portion of long-term investments (At cost)

Investment in government or trust securities (give details)

Investment in mutual funds (give details)

Other investments (specify nature)

Less: Provision for diminution in value of current portion of long-term investments

Total -Current portion of long-term investments (A)

Other current investments (At lower of cost and fair value, unless otherwise stated)

(i) of subsidiaries

(ii) of associates

(iv) of controlled special purpose entities

(i) of subsidiaries

(ii) of associates

Investment in government or trust securities

(i) government securities

(ii) trust securities

(i) of subsidiaries

(ii) of associates

Investment in mutual funds (give details)

Note 16 Current investments (contd.)

Particulars

Investment in partnership firms (Refer Note (i) below)

Other investments (specify nature)

Total - Other current investments (B)

Total - Current investments (A+B)

Aggregate amount of quoted investments

Aggregate market value of listed and quoted investments

Aggregate value of listed but not quoted investments

Aggregate amount of unquoted investments

Aggregate provision for diminution (write down) in the value of other current investments

Notes: (i) Other details relating to investment in partnership firms

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.

? 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.

Quoted # Unquoted # Total Quoted Unquoted Total

` ` ` ` ` `

Quoted Unquoted Total Quoted Unquoted Total

` ` ` ` ` `

Total capital Names of

partners in the firm

Total capital

Share of each partner in the profits of the

Names of partners in

the firm

Share of each partner in the

profits 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

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

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

? 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

Name of the Company

Note 17 Inventories

BS 6.O.iii (At lower of cost and net realisable value)

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)

GN 8.8.2GN 7.1.5

Note: Details of inventory of work-in-progress

Product X1

Product Y1

Product Z1

Other items

@ 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.

PL 5.iiiGN 10.8.1

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".

@ Internally manufactured components are excluded from raw materials and classified as:

(b) work-in-progress or as 'manufactured components subject to further processing' or as 'semi-finished products' or

(c) 'manufactured components', if they are sometime sold without further processing and sometimes after further

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.

? Mode of valuation for each class of inventories should be disclosed, if other than "at lower of cost and net

Name of the Company

GN 8.8.3 Note 18 Trade receivables @

GN 8.7.4

BS 6.P.i

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

Trade receivables outstanding for a period exceeding six months from the date they were due for payment #

BS 6.P.ii Unsecured, considered good

BS 6.P.ii Doubtful

BS 6.P.iii Less: Provision for doubtful trade receivables

@ Trade receivables are dues in respect of goods sold or services rendered in the normal course of business.

BS 6.P.iv Note: Trade receivables include debts due from:

Directors *

# 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.

Note 18 Trade receivables @

@ Trade receivables are dues in respect of goods sold or services rendered in the normal course of

# 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

Name of the Company

GN 8.8.4 Note 19 Cash and cash equivalents @

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

BS 6.Q.iii

- Other earmarked accounts (specify) (Refer Note (ii) below)

BS 6.Q.i (d) Others (specify nature)

- Share application money received for allotment of securities and due for refund

- Balances held as margin money or security against borrowings, guarantees and other commitments (Refer Note (i) below)

Notes:

BS 6.Q.v

AS 3.5.1AS 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

(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.

BS 6.Q.iv

(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

(ii) Balances with banks - Other earmarked accounts include ` ____ (As at 31 March, 20X1 ` ____) which

Name of the Company

GN 8.8.5 Note 20 Short-term loans and advances

GN 8.7.3

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.iGN 6.15

(a) Loans and advances to related parties (give details @) (Refer Note 30.7)

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

(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.iBS 6.R.ii

(d) Prepaid expenses - Unsecured, considered good (For e.g. Insurance premium, Annual maintenance contracts, etc.)

BS 6.R.iBS 6.R.ii

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

GN 8.8.5 Note 20 Short-term loans and advances (contd.)

GN 8.7.3

BS 6.R.iv Note: Short-term loans and advances include amounts due from:

Directors *

Particulars

@ Details of loans and advances to related parties should be given in accordance with the disclosure requirements

Name of the Company

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

BS 6.SGN 8.8.6

(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)

GN 8.8.6 ? To disclose current assets that do not fit into any other asset category.

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.

In case any amount classified under this category is doubtful, it is advisable that such doubtful amount as

Name of the Company

GN 9.1 Note 22 Revenue from operations

PL 2.A

(a) Sale of products @ (Refer Note (i) below)

(b) Sale of services @ (Refer Note (ii) below)

(c) Other operating revenues # (Refer Note (iii) below)

(d) Excise duty

Ref. No. Note Particulars

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

GN 9.1.1GN 9.1.6

GN 9.1.7GN 9.1.8GN 9.1.9

AS 9.10GN 9.1.2

PL 5.ii.c (ii) Sale of services comprises @:

GN 10.8.3 Service P

Service Q

Service R

Others

Total - Sale of services

(iii) Other operating revenues # comprise:

Sale of scrap

Duty drawback and other export incentives

Others (specify nature)

Total - Other operating revenues

GN 9.1.7GN 9.1.8GN 9.1.9

@ 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.

# 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.

PL 5.i.c

AS 9.14

? 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.

@ 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

# 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

? Any item of income / expense which exceeds one per cent of the revenue from operations or ` 100,000, whichever is

? The Company should disclose the circumstances in which revenue recognition has been postponed pending the resolution

Name of the Company

Note 23 Other income

Ref. No.

AS 13.35.c.ii

AS 13.35.c.iii

GN 9.2GN 9.1.7

PL 4.aPL 5.1.dAS 13.35.c.iGN 9.2.2

PL 4.bPL 5.i.fPL 5.vii.aAS 13.35.c.iGN 9.2.3GN 9.2.4

PL 4.cPL 5.i.g

AS 13.35.c.ii

AS 13.35.c.iii

PL 5.i.hGN 10.1AS 13.33

PL 5.i.iGN 9.1.9GN 10.2AS 11.40.a

PL 4.d (f)

Ref. No. Note

(i)PL 5.i.dAS 13.35.c.iGN 9.2.2GN 9.2.4

Note 23 Other income (contd.)

Ref. No. Note

AS 13.35.c.i

AS 19.40

GN 9.3

GN 9.3.8

GN 9.2GN 9.1.7

AS 10.26GN 9.1.8GN 9.2.5

GN 9.4

GN 9.2.5

PL 5(i)(l) (iii)

GN 10.4

PL 5(v)(b)GN 10.11

PL 5(i)(l)AS 5.15

@ 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.

PL 5(i)(c) ? Any item of income which exceeds one per cent of the revenue from operations or ` 100,000, whichever is higher, to be disclosed.

* 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.

GN 9.2.4 ? 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.

Name of the Company

Note 23 Other income

Particulars

Interest income (Refer Note (i) below)

Dividend income:

from current investments

subsidiaries @

joint ventures

associates

others

from long-term investments

subsidiaries @

joint ventures

associates

others

Net gain on sale of:

current investments

long-term investments

current investments

long-term investments

Adjustments to the carrying amount of investments - reversal of reduction in the carrying amount of:

Net gain on foreign currency transactions and translation (other than considered as finance cost)

Particulars

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

Other non-operating income (net of expenses directly attributable to such income) (Refer Note (ii) below)

Note 23 Other income (contd.)

Particulars

Other non-operating income comprises:

Share of profit from partnership firms #

Share of profit from AOPs #

Profit on sale of fixed assets [net of expenses directly attributable ` ___ (Year ended 31 March, 20X1 ` ___)]

Share of profit from LLPs *

Liabilities / provisions no longer required written back

Prior period items (net) (Refer Note (iii) below)

Total - Other non-operating income

Details of Prior period items (net)

Prior period income (give details)

Prior period expenses (give details)

Miscellaneous income [net of expenses directly attributable ` ___ (Year ended 31 March, 20X1 ` ___)]

@ 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.

? Any item of income which exceeds one per cent of the revenue from operations or ` 100,000, whichever is higher, to be disclosed.

* 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.

? 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.

@ 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

? Any item of income which exceeds one per cent of the revenue from operations or ` 100,000, whichever is higher, to be disclosed.

* 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

? Other Income items such as interest income, dividend income, rental and net gain / loss on sale of investments should be disclosed separately for

Name of the Company

GN 9.5.1 Note 24.a Cost of materials consumed @

GN 10.5 to 10.8

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

GN 9.5.2 Note 24.b Purchase of traded goods @

GN 10.5 to 10.8

PL 5.ii.(a)(2) Traded good M

PL 5.ii.(b)

Traded good N

Traded good O

Other items

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

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

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.)

@ 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.

Under the Revised Schedule VI, there is no need to give quantitative details for any of the items.

(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.

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.

Note 24.c Changes in inventories of finished goods, work-in-progress and stock-in-trade @

24.c Changes in inventories of finished goods, work-in-progress and stock-in-trade (contd.)

Particulars

@ 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

(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

(ii) Consumption of packing materials which are not classified by the Company as part of raw materials

(iii) Internally manufactured components are excluded from raw materials and classified as:

(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

Under the Revised Schedule VI, there is no need to give quantitative details for any of the items.

(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.

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

Name of the Company

GN 9.5.4 Note 25 Employee benefits expense

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 **

PL 5.(i)(a)GN 9.5.4.1

# 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.

** 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

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

* 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.

** Staff welfare expenses would include contribution / accrual for post-employment medical benefits, ESIC, Labour

Name of the Company

GN 9.5.5 Note 26 Finance costs

(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)

(b) Other borrowing costs @

PL 3 (a)PL 5.i.(e)GN 9.5.5 A

PL 3 (b)GN 9.5.5 B

PL 3 (c)GN 9.5.5 CAS 16.4.e

(c) Net (gain) / loss on foreign currency transactions and translation (considered as finance cost)

@ 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

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 *

Payments to auditors (Refer Note (i) below)

Bad trade and other receivables, loans and advances written off

PL 5(i)(j)GN 10.3

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) #

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.i.iGN 10.2AS 11.40.a

Net loss on foreign currency transactions and translation (other than considered as finance cost)

PL 4.cPL 5.i.g

PL 5 (vii)(b)GN 10.12

Provision for losses (diminution in value of investments) in subsidiary companies (net) #

AS 13.35.c.ii current investments

AS 13.35.c.iii long-term investments

Provision for doubtful trade and other receivables, loans and advances (net) #

Provision for estimated loss on derivatives (net) #

PL 5.i.hGN 10.1

Adjustments to the carrying amount of investments (other than subsidiaries) (net) - reduction in the carrying amount of:#

PL 5(v)(a)PL 5(v)(b)GN 10.11

Provision for warranty [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 *

GN 9.5.7 Note 27 Other expenses (contd.)

PL 5(v)(a)PL 5(v)(b)GN 10.11

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)

@ 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.

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.

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.

Certain donations need to be disclosed as required under Section 293A / 293B of the Companies Act, 1956.

Notes:

Particulars

As auditors - statutory audit

For taxation matters

For company law matters

For management services

For other services

Reimbursement of expenses

PL 5(i)(j)GN 10.3

(i) Payments to the auditors comprises (net of service tax input credit, where applicable):

PL 5(i)(l) (ii) Details of Prior period items (net)

GN 10.4 Prior period expenses (give details)

Prior period income (give details)

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.

PL5(i)(c) ? * 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.

Particulars

@ Consumption of packing materials which are not classified by the Company as part of raw materials should be disclosed

# In case of net credit the amount should be included under Other operating revenue in Note 22 Revenue from operations or

If an impairment loss is recognised or reversed by the Company, then additional disclosures as required under AS 28

Wealth tax and penalties levied under Income Tax laws should not be classified as current tax and should be disclosed under

Certain donations need to be disclosed as required under Section 293A / 293B of the Companies Act, 1956.

- 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,

- other services would include limited reviews, group reporting, other attest services and certifications under other laws, etc.

? * 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.

Name of the Company

GN 9.6 Note 28.a Exceptional items @

PL 5.i.k

(Give details)

AS 5.12AS 5.13AS 5.14

@ 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.

GN 9.7 Note 28.b Extraordinary items #

PL 5.i.k

(Give details)

AS 12.20 Government grants that have become refundable

AS 5.4.2AS 5.8

# 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.

# 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.

Name of the Company

GN 6.13 Note 29 Additional information to the financial statements

29.1 Monies received against share warrants

29.2 Share application money pending allotment

BS 6.A.hGN 8.1.3

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.

BS 6.A.hGN 8.2

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.

GN 8.2.3

29.3 Contingent liabilities and commitments (to the extent not provided for)

BS 6.T.i (i) Contingent liabilities

(a) Claims against the Company not acknowledged as debt (give details)

? 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.

AS 29.68GN 8.8.7.1

GN 8.8.7.2 (b) Guarantees @ (give details)

(c) Other money for which the Company is contingently liable (give details)

AS 29.71 ? 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.

AS 29.72

(ii) Commitments #

? 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.

BS 6.T.iiGN 8.8.7.3

Tangible assets

AS 26.94.d Intangible assets

(b) Uncalled liability on shares and other investments partly paid

(c) Other commitments (specify nature)

GN 6.13 Note 29 Additional information to the financial statements (contd.)

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for

GN 8.8.7.4GN 8.8.7.6

@ 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.

29.4 Details of unutilised amounts out of issue of securities made for specific purpose

# 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.

BS 6.VGN 8.8.7.8

29.5 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

Particulars

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.

GN 6.8GN 8.4.2GN 8.4.3

(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

(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

29.6 Disclosure as per Clause 32 of the Listing Agreements with the Stock Exchanges

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.

Listing Clause

GN 6.9

Name of the party Relationship

Note: Figures in bracket relate to the previous 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:

29.7 Details on derivatives instruments and unhedged foreign currency exposures

GN 6.9

Other Ann / Gn

I. The following derivative positions are open as at 31 March, 20X2. These transactions have been undertaken to act as economic hedges for the Company’s 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.

(i) Outstanding forward exchange contracts entered into by the Company as on 31 March, 20X2

Currency Amount

AUD XXX

AUD (AAA)

USD YYY

USD (ZZZ)

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

AUD XXX

AUD (AAA)

USD YYY

USD (ZZZ)

(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:

Receivable/ Receivable/ (Payable)

(Payable) in Foreign currency

(indicate amount with currency)

GN 6.9 29.8

Particulars

Total amount received from issue of fully convertible debentures

Total amount received from issue of warrants

Purpose for which the money received has been utilized :

a. Capital expenditure

b. Working capital

Unutilised monies as at 31 March, 20X2

29.9 Details of fixed assets held for sale

Building

Disclosure required in terms of Clause 13.5A of Chapter XIII on Guidelines for preferential issues, SEBI (Disclosure and Investor Protection) Guidelines, 2000

Plant and machinery

Office equipment

Vehicles

29.10 Value of imports calculated on CIF basis @:

Raw materials

Components

Spare parts

Total Components and spare parts

Capital goods

PL 5(viii)(a)GN 11.1

29.11 Expenditure in foreign currency #:

Royalty

Know-how

Professional and consultation fees

Interest

Other matters

@ 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.

PL 5 (viii)(b)GN 11.2

29.12 Details of consumption of imported and indigenous items *

Imported

Raw materials

Components

Spare parts

# 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 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.

PL 5(viii)(c)GN 11.3

Indigenous

Raw materials

Components

Spare parts

Note: Figures / percentages in brackets relates to the previous year

29.13 Earnings in foreign exchange @@:

Export of goods calculated on FOB basis

Royalty, know-how, professional and consultation fees

* 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 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.

PL 5.(viii).(e)GN 11.5

Interest and dividend

Other income, indicating the nature thereof.

@@ 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.

PL 5.(viii).(d)GN 11.4

Amounts remitted in foreign currency during the year on account of dividend ##

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

Total number of non-resident shareholders (to whom the dividends were remitted in foreign currency)

## 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.

29.15BS 6.WGN 8.8.7.9

? 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.

Particulars

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

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.

? 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

Particulars

@ 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

Details of unutilised amounts out of issue of securities made for specific purpose

# 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.

Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

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

Disclosure as per Clause 32 of the Listing Agreements with the Stock Exchanges

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.

AAA BBB

(XXX) (YYY)

Particulars

Loans and advances in the nature of loans given to subsidiaries, associates and others and investment in shares of the Company

Amount outstanding as at 31 March, 20X2

Maximum balance outstanding during the

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 Company’s 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.

(i) Outstanding forward exchange contracts entered into by the Company as on 31 March, 20X2

Buy / Sell Cross currency

Buy Rupees

Sell Rupees

(ii) Outstanding option contracts entered into by the Company as on 31 March, 20X2

Buy / Sell Cross currency

Buy Rupees

Sell Rupees

(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

(b) Interest rate swaps to hedge against fluctuations in interest rate changes: No. of contracts: Nil

(c) Currency swaps (other than forward exchange contracts stated above) to hedge against fluctuations in changes in exchange

II. The year-end foreign currency exposures that have not been hedged by a derivative instrument or otherwise are given below:

Receivable/ Receivable/ (Payable)

(Payable) in Foreign currency

`(indicate amount with

currency)

bbb xxx

qqq rrr

Disclosure required in terms of Clause 13.5A of Chapter XIII on Guidelines for preferential issues, SEBI (Disclosure and

During the year ended 31 March, 20X2

Particulars

@ The following guidance, summarised based on the ICAI Guidance Note on Revised Schedule VI, may be considered in

(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

(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

(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.

PPP q%

(XXX) (a%)

PPP q%

(YYY) (b%)

PPP q%

(ZZZ) (c%)

RRR ad%

(PPP) (bc%)

# The following guidance, summarised based on the ICAI Guidance Note on Revised Schedule VI, may be considered in

(a) The disclosure should be made on accrual basis on the gross amount of expenditure (i.e. the expenditure before withholding

(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

Particulars

SSS t%

(QQQ) (r%)

SSS t%

(AAA) (s%)

SSS t%

(BBB) (t%)

MMM np%

(FFF) (st%)

* The following guidance, summarised based on the ICAI Guidance Note on Revised Schedule VI, may be considered in

(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

@@ The following guidance, summarised based on the ICAI Guidance Note on Revised Schedule VI, may be considered in

(b) The disclosure may be made gross of tax with a mention of the net of tax earnings and withholding taxes.

## 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.

? 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

Name of the Company

GN 6.13 Note 30 Disclosures under Accounting Standards

AS 7 30.1 Details of contract revenue and costs

AS 7.38.a Contract revenue recognised during the year

AS 7.39.a

AS 7.39.b Advances received for contracts in progress

Aggregate of contract costs incurred and recognised profits (less recognised losses) upto the reporting date

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.)

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

Ref. No. Note

AS 14 30.3

AS 14.43

AS 14.45

Name of the Company

Note 30 Disclosures under Accounting Standards (contd.)

Particulars

Details of amalgamations

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.

Value of assets and liabilities acquired:

Fixed assets

Net current assets (give details)

Secured loans

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:

Unsecured loans

Carrying value of investments in the Transferor Companies

Value of shares of the Company issued to the minority shareholders

Difference considered as goodwill / capital reserve

Particulars

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

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:

ddd XXX

hhh YYY

Name of the Company

Ref. No. Note

AS 15 30.4 Employee benefit plans

AS 15.47 30.4.a Defined contribution plans

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.

i In case the company has contributions to foreign defined contribution plans and benefit plans, the details of the same should be disclosed.

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)

The following table sets out the funded status of the defined benefit schemes and the amount recognised in the financial statements:

Particulars

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)

Actual contribution and benefit payments for year

Actual benefit payments

Actual contributions

Total expense recognised in the Statement of Profit and Loss

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

AS 15.120.c

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

Change in defined benefit obligations (DBO) during the year

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

AS 15.120.j 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.

Estimate of amount of contribution in the immediate next year

AS 15.120.l 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

AS 15.120.m

Aggregate current service and interest cost

Closing balance of obligation

AS 15.120.n Experience adjustments

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)

Discount rate

Salary escalation

Attrition

Actuarial assumptions for long-term compensated absences

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.

Particulars

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

In case the company has contributions to foreign defined contribution plans and benefit plans, the details of the same should be disclosed.

The Company offers the following employee benefit schemes to its employees:

Year ended 31 March, 20X2 Year ended 31 March, 20X1

Gratuity GratuityPost-employment medical benefits

Other defined benefit plans

(specify nature)

Year ended 31 March, 20X2 Year ended 31 March, 20X1

Gratuity GratuityPost-employment medical benefits

(specify nature)

Particulars

31 March, 20X2 31 March, 20X1

Increase by 1% Decrease by 1% Increase by 1% Decrease by 1%

20X2-20X1 20X1- 20X0 2nd prior year 3rd prior year

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

In case the company has contributions to foreign defined contribution plans and benefit plans, the details of the same should be disclosed.

Post-employment medical benefits

(specify nature)

Post-employment medical benefits

(specify nature)

Particulars

4th prior year

Name of the Company

AS 16 30.5 Details of borrowing costs capitalised

AS 16.23.b Borrowing costs capitalised during the year

- as inventory

- as fixed assets / intangible assets / capital work-in-progress

Name of the Company

AS 17 30.6 Segment information

AS 17.58

Particulars For the year ended 31 March, 20X2

Business segments

AS 17.40.a Revenue YYY

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.

AS 17.40.a Inter-segment revenue YYY

Total YYY

AS 17.40.b Segment result YYY

AS 17.46

Unallocable expenses (net)

Operating income

Other income (net)

Profit before taxes

Tax expense

Net profit for the year

Ref. No. Note Particulars For the year ended 31 March, 20X2

Business segments

AS 17.40.c Segment assets YYY

AS 17.46Unallocable assets

Total assets

AS 17.40.d Segment liabilities YYY

AS 17.46Unallocable liabilities

Total liabilities

Other information

AS 17.40.e Capital expenditure (allocable) YYY

AS 17.46 Capital expenditure (unallocable)

AS 17.40.f Depreciation and amortisation (allocable) YYY

AS 17.46 Depreciation and amortisation (unallocable)

AS 17.40.g Other significant non-cash expenses (allocable) (give details) YYY

AS 17.46 Other significant non-cash expenses (unallocable)

Geographic Segment

AS 17.48 The geographic segments individually contributing 10 percent or more of the Company’s revenues and segment assets are shown separately:

RevenuesFor the year

ended 31 March, 20X2

Americas YYY

Europe YYY

India YYY

Others YYY

Note: Figures in bracket relates to the previous year

AS 17.58 ? Give composition of each geographical segment separately as a descriptive Note.

Particulars

Business segments Total

B Eliminations

YYY YYY YYY

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.

(XXX) (XXX) (XXX)

YYY YYY YYY

(XXX) (XXX) (XXX)

YYY YYY YYY

(XXX) (XXX) (XXX)

YYY YYY YYY

(XXX) (XXX) (XXX)

Business segments Total

YYY YYY

(XXX) (XXX)

YYY YYY

(XXX) (XXX)

YYY YYY

(XXX) (XXX)

YYY YYY

(XXX) (XXX)

YYY YYY

(XXX) (XXX)

Particulars

The geographic segments individually contributing 10 percent or more of the Company’s revenues and segment assets are

Segment assetsAs at

31 March, 20X2

Capital expenditure incurred during the

year ended 31 March, 20X2

YYY YYY

(XXX) (XXX)

YYY YYY

(XXX) (XXX)

YYY YYY

(XXX) (XXX)

YYY YYY

(XXX) (XXX)

? Give composition of each geographical segment separately as a descriptive Note.

Name of the Company

30.7 Related party transactions

30.7.a Details of related parties:

AS 18.21 Description of relationship Names of related parties

AS 18.23 Ultimate Holding Company AA Ltd.

Holding Company A Ltd.

Ultimate Holding Company AA Ltd.

Subsidiaries B Ltd. and C (P) Ltd.

Fellow Subsidiaries (to be given only if there are transactions) D Ltd. and Q Ltd.

Associates X Ltd. and Y Ltd.

Key Management Personnel (KMP) Mr. Y and Mr. Z

Relatives of KMP Mrs. Y (wife of Mr. Y), Mr. F (father of Mr. Z)

AS 18GN 6.15

D Ltd in which MD(KMP) and his wife hold 50%

Note: Related parties have been identified by the Management.

Company in which KMP / Relatives of KMP can exercise significant influence

Details of related party transactions during the year ended 31 March, 20X2 and balances outstanding as at 31 March, 20X2:

AS 18.23 30.7.b

Purchase of goods YYY

Sale of goods YYY

Ultimate Holding

Company

AS 18.24AS 18.26

? 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.

Purchase of fixed assets YYY

Sale of fixed assets YYY

Rendering of services YYY

Receiving of services YYY

Agency arrangements YYY

Leasing or hire purchase arrangements YYY

Transfer of research and development YYY

License agreements YYY

Finance (including loans and equity contributions in cash or in kind)

Guarantees and collaterals YYY

Management contracts including for deputation of employees YYY

Provision for doubtful receivables, loans and advances YYY

Write off / write back made during the year YYY

Balances outstanding at the end of the year

Trade receivables YYY

Loans and advances YYY

Trade payables YYY

Borrowings YYY

Provision for doubtful receivables, loans and advances YYY

Note: Figures in bracket relates to the previous year

Particulars

Names of related parties

B Ltd. and C (P) Ltd.

D Ltd. and Q Ltd.

X Ltd. and Y Ltd.

Mr. Y and Mr. Z

Mrs. Y (wife of Mr. Y), Mr. F (father of Mr. Z)

D Ltd in which MD(KMP) and his wife hold 50%

Note: Related parties have been identified by the Management.

Details of related party transactions during the year ended 31 March, 20X2 and balances outstanding as at 31 March,

Subsidiaries Associates KMP

YYY YYY YYY YYY YYY YYY YYY

(XXX) (XXX) (XXX) (XXX) (XXX) (XXX) (XXX)

Holding Company

Fellow Subsidiaries

Relatives of KMP

Entities in which KMP / relatives of KMP have significant influence

? 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.

Particulars

? 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

Name of the Company

Ref. No. Note

AS 19.46

AS 19.46.d 30.8.a

AS 19GN 8.8.7.5

AS 19.46.b

AS 19.46.c

AS 19.46.a

AS 19.37.f 30.8.b

AS 19.37.a

AS 19.37.b

AS 19.37.a

AS 19.37.c

AS 19.37.d

AS 19.37.e

AS 19.22.f 30.8.c

AS 19.22.c

AS 19.22.d

As 19.22.e

AS 19.25.e 30.8.d

AS 19.25.a

AS 19.25.c

AS 19.25.b

AS 19.25.d

AS 19.22.f.iii

Name of the Company

Particulars

Details of leasing arrangements

As Lessor

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.

Future minimum lease payments

not later than one year

later than one year and not later than five years

later than five years

Contingent rents recognised as income during the year (state basis)

Depreciation recognised on the leased assets

Impairment losses recognised on the leased assets

Impairment losses reversed on the leased assets

The Company has entered into finance lease arrangements for certain equipments and vehicles.

Less: Unearned finance income

Present value of minimum lease payments receivable

Future minimum lease payments and reconciliation of gross investment in the lease and present value of minimum lease payments

Unguaranteed residual values accruing to the Company as the lessor

Accumulated provision for doubtful minimum lease payments

Contingent rents recognised as income during the year (state basis)

As Lessee

Reconciliation of minimum lease payments

Less: Unmatured finance charges

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.

Present value of minimum lease payments payable

Contingent rents recognised as expense during the year (state basis)

Future minimum sublease payments expected to be received under non-cancellable subleases

Lease payments recognised in the Statement of Profit and Loss

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.

Contingent rents recognised as expense during the year (state basis)

Future minimum sublease payments expected to be received under non-cancellable subleases

Sublease payments received / receivable recognised in the Statement of Profit and Loss

? Restrictions imposed by lease arrangements, such as those concerning dividends, additional debt and further leasing should be disclosed.

Name of the Company

Ref. No. Note

AS 20 30.9

30.9.a

AS 20.11

AS 20.48.ii

AS.20.50

30.9.b

AS 20.11

AS 20.48.ii

30.9.c

AS 20.11

AS 20.48.i

AS 20.11

AS 20.48.ii

AS.20.48.i

30.9.d

AS 20.11

AS 20.48.i

AS 20.11

AS 20.48.ii

AS.20.48.i

30.9.e

AS 20.11

AS 20.48.ii

AS 20.29

AS 20.48.ii

AS.20.50

30.9.f

Ref. number

AS 20.11

AS 20.48.ii

AS 20.29

AS 20.48.ii

30.9.g

AS 20.11

AS 20.48.i

AS 20.11

AS 20.48.ii

AS 20.29

AS 20.48.ii

AS.20.50

30.9.h

AS 20.11

AS 20.48.i

AS 20.11

AS 20.48.ii

AS 20.29

AS 20.48.ii

AS 20.8

AS 20.44

Name of the Company

Particulars

Earnings per share

Continuing operations

Net profit / (loss) for the year from continuing operations

Less: Preference dividend and tax thereon

Weighted average number of equity shares

Par value per share

Earnings per share from continuing operations - Basic

Total operations

Net profit / (loss) for the year

Net profit / (loss) for the year from continuing operations attributable to the equity shareholders

Net profit / (loss) for the year attributable to the equity shareholders

Par value per share

Earnings per share - Basic

Basic (excluding extraordinary items)

(Add) / Less: Extraordinary items (net of tax) relating to continuing operations

Par value per share

Net profit / (loss) for the year from continuing operations attributable to the equity shareholders, excluding extraordinary items

Earnings per share from continuing operations, excluding extraordinary items - Basic

Total operations

(Add) / Less: Extraordinary items (net of tax)

Par value per share

Earnings per share, excluding extraordinary items - Basic

Diluted

Net profit / (loss) for the year attributable to the equity shareholders, excluding extraordinary items

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.

Add: Interest expense and exchange fluctuation on convertible bonds (net)

Profit / (loss) attributable to equity shareholders from continuing operations (on dilution)

Weighted average number of equity shares for Basic EPS

Net profit / (loss) for the year attributable to the equity shareholders from continuing operations

Add: Effect of warrants, ESOPs and Convertible bonds which are dilutive

Weighted average number of equity shares - for diluted EPS

Par value per share

Earnings per share, from continuing operations - Diluted

Particulars

Total operations

Net profit / (loss) for the year attributable to the equity shareholders

Profit / (loss) attributable to equity shareholders (on dilution)

Add: Effect of Warrants, ESOPs and Convertible bonds which are dilutive

Par value per share

Earnings per share - Diluted

Diluted (excluding extraordinary items)

Net profit / (loss) for the year from continuing operations attributable to the equity shareholders, excluding extraordinary items

Profit / (loss) from continuing operations attributable to equity shareholders (on dilution)

Par value per share

Earnings per share, from continuing operations, excluding extraordinary items - Diluted

Total operations

Profit / (loss) attributable to equity shareholders (on dilution)

Net profit / (loss) for the year attributable to the equity shareholders, excluding extraordinary items

Par value per share

Earnings per share, excluding extraordinary items - Diluted

? 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.

? 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

? 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.

Name of the Company

Ref. No. Note

AS 22.31

AS 22GN 7.6

AS 22.31

AS 22.32

Name of the Company

Particulars

Deferred tax (liability) / asset

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

Others

Tax effect of items constituting deferred tax liability

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 items included in Reserves and surplus pending amortisation into the Statement of Profit and Loss

On difference between book balance and tax balance of fixed assets

Unabsorbed depreciation carried forward

Brought forward business losses

Others

Tax effect of items constituting deferred tax assets

Net deferred tax (liability) / asset

On items included in Reserves and surplus pending amortisation into the Statement of Profit and Loss

The net deferred tax liability / asset should always be classified as non-current and disclosed on the face of the Balance Sheet.

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.

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

Name of the Company

Ref. No. Note

AS 24 30.11

AS 24.20

AS 24.20.f

AS 24.20.g

AS 24.23.a

AS 24.20.g

AS 24.23.a

AS 24.20.e

AS 24.20.h

Name of the Company

Particulars

Discontinuing operations

Profit / (Loss) from ordinary activities

Sale of products

Sale of services

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:

Other operating revenue

Total revenue (A)

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)

Profit / (Loss) before tax from ordinary activities (A-B)

Tax expense

- on ordinary activities attributable to the discontinuing operations

- on gain / loss on disposal of assets / settlement of liabilities

Profit / (Loss) after tax of discontinuing operations

Add / (Less): Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the discontinuing operation

Net cash flow attributable to the discontinued business

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Carrying amount of assets as at the Balance Sheet date relating to the discontinued business to be disposed off

Carrying amount of liabilities as at the Balance Sheet date relating to the discontinued business to be settled

Particulars

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

Name of the Company

Materials

Employee benefits expense

Professional fees

Consumables

Interest

Travelling expenses

Depreciation

Others

AS 26AS 26.96

Details of research and development expenditure recognised as an expense

Name of the Company

Ref. No. Note

AS 27 30.13 Interest in joint ventures

The Company has interests in the following jointly controlled entities:

AS 27.50

A Ltd. , India (audited) YY

B Ltd. USA (unaudited) YY

Name of companies and country of incorporation

% of shareholding

AS 27.51AS 27.52AS 27.53

Particulars

The Company has interests in the following jointly controlled entities:

Amount of interest based on accounts for the year ended 31 March, 20X2

Assets Liabilities Income Expenditure

YYY YYY YYY YYY YYY YYY

(XXX) (XXX) (XXX) (XXX) (XXX) (XXX)

YYY YYY YYY YYY YYY YYY

(XXX) (XXX) (XXX) (XXX) (XXX) (XXX)

Contingent liabilities

Capital commitments

Name of the Company

Ref. No. Note

AS 29 30.14 Details of provisions

PL 5(v)(a)PL 5(v)(b)AS 29.66GN 10.11

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:

Particulars

Provision for other contingencies (give details)

Note: - Figures in brackets relate to the previous year.

Of the above, the following amounts are expected to be incurred within a year:

AS 29.67 Particulars

Provision for other contingencies (give details)

Particulars

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,

As at 1 April, 20X1 Additions Utilisation

` ` ` `

XXX XXX XXX XXX

(XXX) (XXX) (XXX) (XXX)

XXX XXX XXX XXX

Note: - Figures in brackets relate to the previous year.

Reversal (withdrawn as no longer required)

YYY YYY

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,

Name of the Company

GN 6.13 Note 31 Disclosures on Employee share based payments

31 Employee Stock Option Scheme

Gn 50(a) a) 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.

Gn 50(a) b) The ESOP scheme titled “_____ ESOP ___” (ESOP B) was approved by the shareholders through postal ballot on __________. ______ options are covered under the sch

In the previous years, the Remuneration / Compensation Committee of the Company had granted ________ options under the ESOP B to few eligible employees of the Comp

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.

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.

Gn 50(a) c) The ESOP scheme titled “_____ ESOP ___ (Directors)” [ESOP (Directors)] was approved by the shareholders through postal ballot on _____. _________ options are cover

The Remuneration / Compensation Committee of the Company, had granted ________ options under this scheme to few Directors of the Company. The shares covered by

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.

Gn 50(b) d) Employee stock options details as on the Balance Sheet date are as follows:

Particulars

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)

GN 6.13 Note 31 Disclosures on Employee share based payments (contd.)

e) 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:

Particulars

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) 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:

Assumptions

Risk Free Interest Rate

Expected Life

Expected Annual Volatility of Shares

Expected Dividend Yield

Particulars

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

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 ESOP scheme titled “_____ ESOP ___” (ESOP B) was approved by the shareholders through postal ballot on __________. ______ options are covered under the sch

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.

The ESOP scheme titled “_____ ESOP ___ (Directors)” [ESOP (Directors)] was approved by the shareholders through postal ballot on _____. _________ options are cover

Employee stock options details as on the Balance Sheet date are as follows:

Options (Numbers)

Weighted average exercise price per option

Options (Numbers)

Note 31 Disclosures on Employee share based payments (contd.)

Particulars

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:

For the year ended31 March, 20X1

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:

31 March, 20X2 31 March, 20X1

Particulars

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

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

The ESOP scheme titled “_____ ESOP ___” (ESOP B) was approved by the shareholders through postal ballot on __________. ______ options are covered under the sch

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

The ESOP scheme titled “_____ ESOP ___ (Directors)” [ESOP (Directors)] was approved by the shareholders through postal ballot on _____. _________ options are cover

Weighted average exercise price per

option (`)

Particulars

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:

Name of the Company

Note 32 Previous year's figuresRef No. Note Particulars

32 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.

iThe 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

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

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.

revised schedule vi

chartered

brands trademarks

hundred crore

prevailing

revised schedule

leasehold

contractually

chief financial

Documents

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