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Notes On Financial Management

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Published in: Financial Management
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Notes in Lucid language for College students as well as BBA ,MBA students.

Vrinda T / Pune

13 years of teaching experience

Qualification: MBA (Finance)

Teaches: Accountancy, Business Mathematics, Commerce Subjects, Costing, Economics, B.Com Tuition, BBA Tuition, Financial Management, CLAT, Contract Act Laws, BBA Entrance, BBA Subjects, Management Subjects, MBA Entrance

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  1. Contents General Instructions Balance Sheet Profit and Loss - Normal Profit and Loss - EBITDA Cash Flow - Operatinq Activities Cash Flow - Investinq Activities Cash Flow - Financinq Activities and Reconciliation of Cash and Cash Equivalents Notes 1 and 2 - Corporate Information and Siqnificant Accountinq Policies Note 3 - Share Capital Note 3.a Share Capital - Reconciliation Note 3.b - Share Capital - Other Details Note 4 - Reserves & Surplus Note 5 - Lonq-term Borrowinqs Note 5.a - Lonq-term Borrowinqs - Other Details Note 6 - Other Lonq-term Liabilities Note 7 - Lonq-term Provisions Note 8 - Short-term Borrowinqs Note 8.a - Short-term Borrowinqs - Other Details Note 9 - Trade Payables Note 10 - Other Current Liabilities Note 11 - Short-term Provisions Note 12.A - Tanqible Assets Note 12.B - Intanqible 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
  2. Note 29 - Additional Information to the Financial Statements - Disclosures under AS 18 - Related Party Disclosures Note 30.1 Note 30.2 - Note 30.3 - Note 30.5 Note 30.6 - Note 30.7 Note 30.8 - Note 30.9 - - Disclosures under AS 7 Disclosures under AS 12 - Government Grants Note 30.4 - Disclosures under AS 15 - Employee Benefits - Disclosures under AS 16 - Borrowinq Costs Disclosures under AS 17 - Seqment Reportinq Disclosures under AS 19 - Leases Disclosures under AS 20 - Earninqs per Share - Construction Contracts Disclosures under AS 14 - Accountinq for Amalqamations Note 30.10 - Disclosures under AS 22 - Accountinq for Taxes on Income Note 30.11 - Disclosures under AS 24 - Discontinuinq Operations Note 30.12 - Disclosures under AS 26 - Intanqible Assets Note 30.13 - Disclosures under AS 27 - Financial Reportinq of Interests in Joint Ventures Note 30.14 - Disclosures under AS 29 - Provisions, Continqent Liabilities and Continqent Assets Note 31 - Disclosure on Employee Share Based Payments Note 32 - Previous Year's Fiqures
  3. 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. Narrative details to be provided for the relevant account balance / transaction and instructions to the preparers of the financial statements. Abbreviations used for references in this format: BS AS Other Ann / Gn Listin Clause General Instructions Gl to the Revised Schedule VI issued b the MCA as art of the notification General Instructions to the Balance Sheet (BS) issued by the MCA as part of the Revised Schedule VI General Instructions to the Statement of Profit and Loss (PL) issued by the MCA as part of the Revised Schedule Guidance Note GN on the Revised Schedule VI to the Com anies Act, 1956 issued b the ICAI Accountin Standards AS notified under the Com anies Accountin Standards Rules, 2006 as amended Other Announcements (Ann) / Guidance Notes (Gn) of ICAI prescribing accounting and disclosure requirements Disclosure re uirements as s ecified in the relevant clause of the Listin A reement
  4. Ref. No. G12 G13 G14 G15 G16 Note to 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 Il 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. 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. Depending upon the turnover of the company, the figures appearing in the Financial Statements may be rounded off as below: (emphasis added) Turnover (i) less than one hundred crore rupees (ii) one hundred crore rupees or more Roundin off To the nearest hundreds, thousands, lakhs or millions, or decimals thereof. To the nearest lakhs, millions or crores, or decimals thereof. Once a unit of measurement is used, it should be used uniforml 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 ur ose of this Schedule, the terms used herein shall be as er thea licable Accountin 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.
  5. Ref. No. 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 twelve months after the reporting date. 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 GN 7.2.1 business. Such a company will have to classify all the assets and liabilities of the respective businesses into current BS 3 BS 4 BS 5 PLI 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.
  6. Name of the Company Balance Sheet as at 31 March, 20X2 Particulars Ref No. G13 GN 6.10 G14 GN 6.14 Note No. 3 4 29.1 29.2 5 30.10 6 7 8 9 10 11 TOTAL 12.B 29.9 13 30.10 14 15 16 17 18 19 20 21 TOTAL As at 31 March, 20X2 As at 31 March, 20X1 A EQUITY AND LIABILITIES 1 Shareholders' funds (a) Share capital (b) Reserves and surplus (c) Money received against share warrants 2 Share application money pending allotment 3 Non-current liabilities (a) Long-term borrowings (b) Deferred tax liabilities (net) (c) Other long-term liabilities (d) Long-term provisions 4 Current liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions GN 6.17 B ASSETS 1 Non-current assets (a) Fixed assets (i) Tangible assets (ii) Intangible assets (iii) Capital work-in-progress (iv) Intangible assets under development (v) Fixed assets held for sale (b) Non-current investments (c) Deferred tax assets (net) (d) Long-term loans and advances (e) Other non-current assets 2 Current assets (a) Current investments (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current assets GN 6.17 See accompanying notes forming part of the financial In terms of our report attached. For Chartered Accountants xxx Partner Place : Date . For and on behalf of the Board of Directors Chairman Chief Financial Officer Place . Date : Managing Director Company Secretary
  7. Name of the Company Statement of Profit and Loss for the (Statement of Profit and Loss without stating EBITDA) ear ended 31 March, 20X2 Ref No. G13 GN 6.10 G14 GN 6.14 AS 9.10 GN 9.8.1 GN 9.8.2 GN 9.9.2 AS 24.32(a) GN 9.9.3 AS 24.32(b) GN 9.10 AS 24.32(a) AS 24.23(a) GN 6.5 GN 6.6 GN 9.9 Particulars Note No. 22 22 23 24.a 24.b 24. C 25 26 12.c 27 28.a 28.b 30.11 30.11 30.11 30.11 For the year ended 31 March, 20X2 For the year ended 31 March, A 1 2 3 4 5 6 7 8 9 10 11 B 12.i 1 2.ii 1 2.iii 13 c 14 CONTINUING OPERATIONS Revenue from operations (gross) Less: Excise duty Revenue from operations (net) Other income Total revenue (1+2) 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 Profit / (Loss) before exceptional and extraordinary items and tax (3 - 4) Exceptional items Profit / (Loss) before extraordinary items and tax (5 + 6) Extraordinary items Profit / (Loss) before tax (7 + 8) 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 (9 +10) DISCONTINUING OPERATIONS Profit / (Loss) from discontinuing operations (before tax) Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the discontinuing operations Add / (Less): Tax expense of discontinuing operations (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 (12.i + 12.ii ± 12.iii) TOTAL OPERATIONS Profit / (Loss) for the year (11 ± 13)
  8. Name of the Company Statement of Profit and Loss for the (Statement of Profit and Loss without stating EBITDA) ear ended 31 March, 20X2 contd. Ref No. G13 GN 6.10 G14 GN 6.14 AS 20.8 AS 20.9 GN 9.11 AS 20.50 AS 20.50 AS 20.48.i AS 20.50 AS 20.50 Particulars /- each): Note No. 30.9.a 30.9.b 30.9.e 30.9.f 30.9.c 30.9.d 30.9.g 30.9.h For the year ended 31 March, 20X2 For the year ended 31 March, 15.i 1 5.ii Earnings per share (of (a) Basic (i) Continuing operations (ii) Total operations (b) Diluted (i) Continuing operations (ii) Total operations Earnings per share (excluding extraordinary items) (of /- each): (a) Basic (i) Continuing operations (ii) Total operations (b) Diluted (i) Continuing operations (ii) Total operations See accom an in notes formin In terms of our report attached. For Chartered Accountants xxx Partner Place : Date : art of the financial statements For and on behalf of the Board of Directors Chairman Chief Financial Officer Place : Date : Managing Director Company Secretary
  9. Name of the Companv Statement of Profit and Loss for the (Statement of Profit and Loss stating EBITDA) ear ended 31 March 20X2 Ref No. G13 GN 6.10 G14 GN 6.14 AS 9.10 GN 6.16 GN 9.8.1 GN 9.8.2 GN 9.9.2 AS 24.32(a) GN 9.9.3 AS 24.32(b) GN 9.10 AS 24.32(a) AS 24.23(a) GN 6.5 GN 6.6 GN 9.9 Particulars Note No. 22 22 24.a 24.b 24. C 25 27 26 12.c 23 28.a 28.b 30.11 30.11 30.11 30.11 For the year ended 31 March, For the year ended 31 March, A 1 2 3 4 5 6 7 8 9 10 11 12 13 B 14.i 14.ii 14.iii 15 c 16 CONTINUING OPERATIONS Revenue from operations (gross) Less: Excise duty Revenue from operations (net) 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) Other expenses Total Earnings before exceptional items, extraordinary items, interest, tax, deoreciation and amortisation (EBITDA) (1 - 2) Finance costs Depreciation and amortisation expense Other income Profit / (Loss) before exceptional and extraordinary items and tax (3 ± 4 ± 5 ± 6) Exceptional items Profit / (Loss) before extraordinary items and tax (7 ± 8) Extraordinary items 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) Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the discontinuing operations Add / (Less): Tax expense of discontinuing operations (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) TOTAL OPERATIONS Profit / (Loss) for the year (13 ± 15)
  10. (Statement of Profit and Loss stating EBITDA) Name of the Companv Statement of Profit and Loss for the Ref No. G13 GN 6.10 G14 GN 6.14 AS 20.8 AS 20.9 GN 9.11 AS 20.50 AS 20.50 AS 20.48.i AS 20.50 AS 20.50 ear ended 31 March 20X2 Particulars /- each): For the year ended 31 March, For the year ended 31 March, 17.i 17.ii Earnings per share (of (a) Basic (i) Continuing operations (ii) Total operations (b) Diluted (i) Continuing operations (ii) Total operations Earnings per share (excluding extraordinary items) (of ' /- each): Note No. 30.9.a 30.9.b 30.9.e 30.9.f 30.9.c 30.9.d 30.9.g 30.9.h (a) Basic (i) Continuing operations (ii) Total operations (b) Diluted (i) Continuing operations (ii) Total operations See accom an in notes formin In terms of our report attached. For Chartered Accountants xxx Partner Place : Date : art of the financial statements For and on behalf of the Board of Directors Chairman Chief Financial Officer Place : Date : Managing Director Company Secretary
  11. CASH FLOW STATEMENT FOR COMPANIES OTHER THAN FINANCE COMPANIES AS 3.18(b) Ref No. G13 GN 6.10 G14 GN 6.14 AS 3.8 AS 3.20 AS 3.28 AS 3.34 AS 3.35 Name of the Company 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 Chanqes in workinq capital: Adjustments for (increase) / decrease in operating assets: Inventories Trade receivables Short-term loans and advances Long-term loans and advances 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 Cash flow from extraordinary items Cash generated from operations Net income tax (paid) / refunds Net cash flow from / (used in) operating activities (A) For the year ended 31 March, For the year ended 31 March,
  12. CASH FLOW STATEMENT FOR COMPANIES OTHER THAN FINANCE COMPANIES AS 3.18(b) Ref No. G13 GN 6.10 G14 GN 6.14 AS 3.8 AS 3.15 AS 3.22.b AS 3.36 AS 3.37 AS 3.36 AS 3.36 AS 3.37 AS 3.37 AS 3.37 AS 3.36 AS 3.36 AS 3.36 AS 3.36 AS 3.36 AS 3.36 AS 3.30 AS 3.36 AS 3.36 AS 3.36 AS 3.30 AS 3.36 AS 3.36 AS 3.36 AS 3.28 AS 3.34 AS 3.35 Name of the Companv Cash Flow Statement for the vear 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 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 - Associates - Joint ventures - Business units - Others Proceeds from sale of long-term investments - Subsidiaries - Associates - Joint ventures - Business units - Others Loans given - Subsidiaries - Associates - Joint ventures - Others Loans realised - Subsidiaries - Associates - Joint ventures - Others Interest received - Subsidiaries - Associates - Joint ventures - Others Dividend received - Subsidiaries - Associates - Joint ventures - Others Rental income from investment properties Rental income from operating leases Amounts received from partnership firms Amounts received from AOPs Amounts received from LLPs Cash flow from extraordinary items Net income tax (paid) / refunds Net cash flow from / (used in) investing activities (B) For the year ended 31 March, 20X2 For the year ended 31 March, 20X1
  13. CASH FLOW STATEMENT FOR COMPANIES OTHER THAN FINANCE COMPANIES AS 3.18(b) Ref No. G13 GN 6.10 G14 GN 6.14 AS 3.8 AS 3.17 AS 3.22.b AS 3.30 AS 3.30 AS 3.30 AS 3.28 AS 3.25 AS 3.42 AS 3.42 AS 3.45 Name of the Companv Cash Flow Statement for the vear 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 Net increase / (decrease) in working capital borrowings Proceeds from other short-term borrowings Repayment of other short-term borrowings Finance cost Dividends paid Tax on dividend Cash flow from extraordinary items 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 Effect of exchange differences on restatement of foreign currency Cash and cash equivalents Cash and cash equivalents at the end of the year Reconciliation of Cash and cash equivalents with the Balance Sheet: Cash and cash equivalents as per Balance Sheet (Refer Note 19) 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 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) Cash and cash equivalents at the end of the year Comprises: (a) Cash on hand (b) Cheques, drafts on hand (c) Balances with banks (i) In current accounts (ii) In EEFC accounts (iii) In deposit accounts with original maturity of less than 3 months (iv) In earmarked accounts (give details) (Refer Note (ii) below) (d) Others (specify nature) (e) Current investments considered as part of Cash and cash equivalents (Refer Note (ii) to Note 16 Current investments) Notes: For the year ended 31 March, 20X2 For the year ended 31 March, 20X1 (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. See accom an in notes formin art of the financial statements In terms of our report attached. For Chartered Accountants xxx Partner Place . Date . For and on behalf of the Board of Directors Chairman Chief Financial Officer Place . Date . Managing Director Company Secretary
  14. Ref No. AS 1.1 AS 2.26.a Name of the Company Notes forming part of the financial statements Note 1 Cor orate information Particulars S Give a brief note on the business activity / operations of the Compan and its place s of business. 2 Si nificant accountin olicies 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. 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. 2.1 Basis of accounting and preparation of financial statements 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 2.2 Use of estimates 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. 2.3 Inventories 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.
  15. Name of the Company Notes forming part of the financial statements Note 2 Significant accounting policies (contd.) Note Ref No. AS 3.5.2 AS 6.29 AS 26.63 AS 26.78 AS 26.90.a AS 26.90.b AS 26.94.a GN 9.1.3 GN 9.1.4 GN 9.1.5 AS 9.11 AS 7.38.b AS 7.38.c AS 9.12 Particulars 2.4 Cash and cash equivalents (for purposes of 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. 2.5 Cash flow statement 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. 2.6 Depreciation and amortisation 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: Vehicles - 4 years Computers and data processing equipments - 4 years Leasehold land is amortised over the duration of the lease 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. 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. 2.7 Revenue recognition Sale of goods 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. Income from services 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.
  16. Name of the Company Notes forming part of the financial statements Note 2 Significant accounting policies (contd.) Note 2.8 Other income Ref No. AS 9.13 AS 10.20 AS 10.23 AS 10.8.2 AS 10.22 AS 10.27 AS 10.30 AS 10.24 Particulars Interest income is accounted on accrual basis. Dividend income is accounted for when the right to receive it is established. 2.9 Tangible fixed assets 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. 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. Capital work-in-proqress: 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.
  17. Name of the Company Notes forming part of the financial statements Note 2 Significant accounting policies (contd.) Note 2.10 Intangible assets Ref No. AS 26.23 AS 26.59 AS 26.62 AS 11.9 AS 11.21 AS 11.11 AS 11.21 AS 11.13 AS 11.15 AS 11.21 AS 11.46 AS 11.46A AS 11.36 Particulars 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. 2.11 Foreign currency transactions and translations Initial recoqnition 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. Measurement of foreiqn currency monetary items at the Balance Sheet date 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. Treatment of exchanqe differences 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. Accountinq of forward contracts 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.
  18. Name of the Company Notes forming part of the financial statements Note 2 Significant accounting policies (contd.) Note Ref No. AS 12.13 AS 12.14 AS 12.15 AS 12.16 AS 12.17 AS 13.28 AS 13.31 AS 13.32 AS 13.35.a AS 15.45 AS 15.55 AS 15.57 AS 15.65 AS 15.92 AS 15.94 AS 15.120.a AS 15.120.b Particulars 2.12 Government grants, subsidies and export incentives 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. 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. 2.13 Investments 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. 2.14 Employee benefits Employee benefits include provident fund, superannuation fund, gratuity fund, compensated absences, long service awards and post-employment medical benefits. Defined contribution 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. Defined benefit plans 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.
  19. Name of the Company Notes forming part of the financial statements Note 2 Significant accounting policies (contd.) Note Short-term employee benefits Ref No. AS 15.10 AS 15.11 AS 15.129 AS 16.6 AS 16.14 AS 16.17 AS 16.19 AS 17.19 AS 17.20 AS 17.24 AS 17.33 AS 17.36 AS 17.53 Particulars 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. Lonq-term employee benefits 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. 2.15 Employee share based payments 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] 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. 2.16 Borrowing costs 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. 2.17 Segment reporting 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.
  20. Name of the Company Notes forming part of the financial statements Note 2 Significant accounting policies (contd.) Note Ref No. AS 17.19 AS 17.20 AS 17.24 AS 17.33 AS 17.36 AS 17.53 AS 19.11 AS 19.16 AS 19.23 AS 19.26 AS 19.40 AS 20.10 AS 20.26 AS 20.29 AS 20.32 AS 20.35 AS 20.39 Particulars 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". 2.18 Leases 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. 2.19 Earnings per share 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.
  21. Name of the Company Notes forming part of the financial statements Note 2 Significant accounting policies (contd.) Note 2.20 Taxes on income Ref No. AS 22.20 AS 22.21 AS 22.15 AS 22.17 AS 22.26 AS 22.29 AS 26.41 AS 26.44 AS 26.23 AS 27.12 Particulars 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. Current and deferred tax relating to items directly recognised in equity are recognised in equity and not in the Statement of Profit and Loss. 2.21 Research and development expenses 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. 2.22 Joint venture operations 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.
  22. Name of the Company Notes forming part of the financial statements Note 2 Significant accounting policies (contd.) Note 2.23 Impairment of assets Ref No. AS 28.6 AS 28.47 AS 28.57 AS 28.103 AS 29.14 AS 29.35 AS 29.27 AS 29.14 AS 29.35 Particulars 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. 2.24 Provisions and contingencies 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. 2.25 Provision for warranty 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. 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. 2.26 Hedge accounting 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.
  23. Ref No. Name of the Company Notes forming part of the financial statements Note 2 Significant accounting policies (contd.) Note 2.27 Derivative contracts Particulars 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. 2.28 Share issues expenses 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. 2.29 Insurance claims 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. 2.30 Service tax input credit 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 uncertaint in availin / utilisin the credits.
  24. GN 8.1.1 Ref. No. BS 6.A.a GN 8.1.1.5 GN 8.1.1.6 GN 8.1.1.8 BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.b GN 8.1.1.5 GN 8.1.1.7 GN 8.1.1.8 BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.b GN 8.1.1.5 GN 8.1.1.7 GN 8.1.1.8 BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.b GN 8.1.1.5 GN 8.1.1.7 GN 8.1.1.8 BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c BS 6.A.c Name of the Company Notes forming part of the financial statements Note 3 Share capital @ Particulars As at 31 March, 20X2 Number of shares As at 31 March, 20X1 Number of shares (a) Authorised Equity shares of Equity shares of each with voting rights each with differential voting rights Compulsorily convertible preference shares of Optionally convertible preference shares of Redeemable preference shares of each each each (b) Issued # Equity shares of Equity shares of each with voting rights each with differential voting rights Compulsorily convertible preference shares of Optionally convertible preference shares of Redeemable preference shares of each (c) Subscribed and fully paid up each each Equity shares of Equity shares of each with voting rights each with differential voting rights Compulsorily convertible preference shares of Optionally convertible preference shares of Redeemable preference shares of each (d) Subscribed but not fully paid up each each x not paid up Equity shares of Equity shares of Equity shares of Equity shares of each with voting rights, each with voting rights, X not paid up each with differential voting rights, a not paid up each with differential voting rights, b not paid up Compulsorily convertible preference shares of Compulsorily convertible preference shares of Optionally convertible preference shares of Optionally convertible preference shares of each, c not paid up each, d not paid up each, e not paid up each, ± not paid up -g- not paid up h not paid up Redeemable preference shares of Redeemable preference shares of Total each, each, @ 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. # 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.). Refer Notes (i) to (viii) below
  25. GN 8.1.1 Ref. No. BS 6.A.d Name of the Company Notes formina part of the financial statements Note 3 Share capital (contd.) Particulars Notes: (i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period: GN8.1.1.9 S 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 Equity shares with voting rights Year ended 31 March, 20X2 - Number of shares - Amount C) Year ended 31 March, 20X1 - Number of shares - Amount Equity shares with differential voting rights Year ended 31 March, 20X2 - Number of shares - Amount C) Year ended 31 March, 20X1 - Number of shares - Amount Compulsorily convertible preference shares Year ended 31 March, 20X2 - Number of shares - Amount C) Year ended 31 March, 20X1 - Number of shares - Amount Optionally convertible preference shares Year ended 31 March, 20X2 - Number of shares - Amount C) Year ended 31 March, 20X1 - Number of shares - Amount Redeemable preference shares Year ended 31 March, 20X2 - Number of shares - Amount C) Year ended 31 March, 20X1 - Number of shares - Amount Opening Fresh issue Bonus Balance ESOP Conversion Buy back Other changes (give details) Closing Balance
  26. GN 8.1.1 Ref. No. BS 6.A.e GN8.1.1.10 BS 6.U BS 6.A.f GN8.1.1.11 BS 6.A. g GN8.1.1.12 Name of the Company Notes formina part of the financial statements Note 3 Share capital (contd.) Notes: Particulars S (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: Particulars As at 31 March 20X2 , the holding company , the ultimate holding company Subsidiaries of the holding company Associates of the holding company Subsidiaries of the ultimate holding company Associates of the ultimate holding com an As at 31 March 20X1 , the holding company , the ultimate holding company Equity shares with voting rights Equity shares with differential voting rights Compulsorily convertible preference Optionally convertible preference Redeemable preference shares Number of shares Subsidiaries of the holding company Associates of the holding company Subsidiaries of the ultimate holding company Associates of the ultimate holding company (iv) Details of shares held by each shareholder holding more than 5% shares: Class of shares / Name of shareholder E uit shares with votin ri hts Shareholder 1 Shareholder 2 Equity shares with differential voting rights Shareholder 1 Shareholder 2 Compulsorily convertible preference shares Shareholder 1 Shareholder 2 Optionally convertible preference shares Shareholder 1 Shareholder 2 Redeemable reference shares Shareholder 1 Shareholder 2 As at 31 March 20X2 Number of shares held % holding in that class of shares As at 31 March 20X1 Number of % holding in that shares held class of shares
  27. Name of the Company Notes formina part of the financial statements Note 3 Share capital (contd.) GN 8.1.1 Ref. No. BS 6.A.h GN8.1.1.13 BS 6.A.j GN8.1.1.15 GN8.1.1.13 GN8.1.1.15 BS 6.A.i GN8.1.1.14 GN8.1.1.14 (v) As at 31 March, 20X2 shares (As at 31 (a) shares (As at 31 March, 20X1 (Refer Note 31) (b) (c) shares (As at 31 March, 20X1 shares (As at 31 March, 20X1 March, 20X1 shares) of shares) of shares) of Particulars shares) were reserved for issuance as follows: each towards outstanding employee stock options granted / available for grant. each towards outstanding share warrants. (Refer Note 29.1) each towards convertible securities [Preference shares (Refer (ii) above), convertible bonds / debentures (Refer Note (i) in Note 5 Long-term borrowings )] Eln 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. S 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: Particulars Equity shares with voting rights A re ate number of shares As at 31 March 20X2 As at 31 March 20X1 Fully paid up pursuant to contract(s) without payment being received in cash Fully paid up by way of bonus shares Shares bou ht back Equitv shares with differential votinq riqhts Fully paid up pursuant to contract(s) without payment being received in cash Fully paid up by way of bonus shares Shares bou ht back Compulsorily convertible preference shares Fully paid up pursuant to contract(s) without payment being received in cash Fully paid up by way of bonus shares Shares bou ht back Optionallv convertible preference shares Fully paid up pursuant to contract(s) without payment being received in cash Fully paid up by way of bonus shares Shares bou ht back Redeemable preference shares Fully paid up pursuant to contract(s) without payment being received in cash Fully paid up by way of bonus shares Shares bou ht back 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.
  28. Name of the Company Notes forming part of the financial statements GN 8.1.1 Ref. No. BS 6.A.k GN8.1.1.16 BS 6.A.l Note 3 Share capital (contd.) (vii) Details of calls unpaid Particulars Equitv shares with votinq riqhts Aggregate of calls unpaid - by directors - by officers - b others Equitv shares with differential votinq riqhts Aggregate of calls unpaid - by directors - by officers -b others Compulsorily convertible preference shares Aggregate of calls unpaid - by directors - by officers -b others Optionallv convertible preference shares Aggregate of calls unpaid - by directors - by officers -b others Redeemable preference shares Aggregate of calls unpaid - by directors - by officers -b others (viii) Details of forfeited shares Class of shares E ui shares with votin ri hts Equity shares with differential voting ri hts Compulsorily convertible preference shares Optionally convertible preference shares Redeemable preference shares As at 31 Number of shares As at 31 Number of shares Particulars March March Amount originally paid up As at 31 March 20X1 Number of shares As at 31 March Number of shares Amount originally paid up
  29. GN 8.1.2 Ref. No. BS 6.B.i.a GN 8.1.2.2 GN 8.1.2.10 GN 8.1.2.10 BS 6.B.i.b GN 8.1.2.3 GN 8.1.2.10 GN 8.1.2.10 BS 6.B.i.c GN 8.1.2.4 GN 8.1.2.10 GN 8.1.2.10 BS 6.B.i.d GN 8.1.2.5 GN 8.1.2.10 GN 8.1.2.10 BS 6.B.i.e GN 8.1.2.6 GN 8.1.2.10 GN 8.1.2.10 BS 6.B.i.f GN 8.1.2.7 GN 8.1.2.10 GN 8.1.2.10 GN 8.1.2.10 GN 8.1.2.10 GN 8.1.2.10 AS 11.40.b GN 8.1.2.10 GN 8.1.2.10 Name of the Company Notes formina part of the financial statements Note 4 Reserves and surplus Particulars (a) Capital reserve Opening balance Add: Additions during the year (give details) Less: Utilised / transferred during the year (give details) Closing balance (b) Capital redemption reserve Opening balance Add: Additions during the year Transferred from surplus in Statement of Profit and Loss Others (give details) Less: Utilised during the year (give details) Closing balance (c) Securities premium account Opening balance Add : Premium on shares issued during the year 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 Others (give details) Closing balance (d) Debenture redemption reserve Opening balance Add: Additions during the year Transferred from surplus in Statement of Profit and Loss Others (give details) Less: Utilised / transferred during the year (give details) Closing balance (e) Revaluation reserve Opening balance Add: Addition on revaluations during the year Less: Utilised for set off against depreciation Written back / other utilisations during the year (give details) Closing balance (f) Share options outstanding account Opening balance Add: Amounts recorded on grants/modifications/cancellations during the year Less: Written back to Statement of Profit and Loss during the year Transferred to Securities premium account Less: Deferred stock compensation expense Closing balance (g) General reserve Opening balance Add: Transferred from surplus in Statement of Profit and Loss Less: Utilised / transferred during the year for: Issuing bonus shares Others (give details) Closing balance (h) Foreign currency translation reserve Opening balance Add / (Less): Effect of foreign exchange rate variations during the year Add / (Less): Transferred to Statement of Profit and Loss on disposal of the net investment in non-integral foreign operations Closing balance As at 31 March 20X2 As at 31 March 20X1
  30. GN 8.1.2 Ref. No. GN 8.1.2.10 GN 8.1.2.10 BS 6.B.i.g GN 8.1.2.8 GN 8.1.2.10 GN 8.1.2.10 BS 6.B.i.h BS 6.B.iii GN 8.1.2.9 GN 8.1.2.12 GN 8.1.2.10 PL 5(iv) (b) GNIO.IO GN 8.1.2.10 BS 6.U BS 6.1J GN 10.9 Name of the Company Notes formina part of the financial statements Note 4 Reserves and surplus (contd.) Particulars (i) Hedging reserve Opening balance Add / (Less): Effect of foreign exchange rate variations on hedging instruments outstanding at the end of the year Add / (Less): Transferred to Statement of Profit and Loss Closing balance (j) Other reserves (specify the nature and purpose of each reserve) Opening balance Add: Additions / transfers during the year Less: Utilisations / transfers during the year Closing balance (k) Surplus / (Deficit) in Statement of Profit and Loss Opening balance Add: Profit / (Loss) for the year As at 31 March 20X2 As at 31 March 20X1 Less: Amounts transferred from: General reserve Other reserves (give details) Interim dividend Dividends proposed to be distributed to equity shareholders C per share) Dividends proposed to be distributed to preference shareholders C per share) Tax on dividend Transferred to: General reserve Capital redemption reserve Debenture redemption reserve Other reserves (give details) Closing balance Total
  31. GN 8.3.1 GN 8.3.1.1 GN 8.3.1.2 GN 8.3.1.7 GN 8.3.1.10 GN 7.1.8 Ref. No. BS 6.C.i.a GN 7.5 BS 6.C.ii BS 6.C.ii BS 6.C.i.b GN 8.3.1.8 BS 6.C.ii BS 6.C.ii BS 6.C.ii BS 6.C.ii BS 6.C.i.c GN 8.3.1.9 BS 6.C.ii BS 6.C.ii BS 6.C.i.d GN 8.3.1.19 BS 6.C.ii BS 6.C.ii BS 6.C.i.e GN 8.3.1.20 GN 6.15 BS 6.C.ii BS 6.C.ii BS 6.C.i.f BS 6.C.ii BS 6.C.ii BS 6.c.i.g BS 6.C.ii BS 6.C.ii Name of the Company Notes forming part of the financial statements Note 5 Lona-term borrowinas # Particulars (a) Bonds / debentures (Refer Note (i) below) 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) Long-term maturities of finance lease obligations (Refer Note 30.8.c) Secured Unsecured (g) Other loans and advances (specify nature) Secured Unsecured As at 31 March 20X2 Total As at 31 March 20X1 # 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.
  32. GN 8.3.1 GN 83. 1.1 GN 8.3.1.2 GN 83. GN 8.3.1.10 GN 7.1.8 Ref. No GN 8.3.1.4 BS 6.C.ii BS 6.C.iv GN 8.3.1.4 GN 8.3.1.11 GN 8.3.1. 12 GN 8.3.1.13 GN 8.3.1. 17 GN 8.3.1. 18 GN 8.3.1.11 GN 8.3.1.12 BS 6.c.v GN 8.3.1.5 BS 6.C.ii BS 6.C.vi GN 8.3.1. 11 GN 8.3.1. 12 GN 8.3.1. 13 GN 83.1. . 17 GN 8.3.1 .18 Name of the Company Notes forming part of the financial statements Note 5 Long-term borrowings (contd.) Notes: i Details of bonds / debentures issued b the Com an Z (ln the descending order of maturity / conversion. Particulars If redeemable in installments, maturity date should be considered as the due date for the first installment) Particulars % Redeemable bonds / debentures % Convertible bonds / debentures Others Total - Bonds / debentures Terms and conditions* As at 31 March 20X2 As at 31 March 20X1 Secured Unsecured Secured Unsecured * 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. (ii) The Company is eligible to reissue the (state type) bonds / debentures that have been redeemed. As at 31 March, debentures of each (As at 31 March, 20X1 bonds / debentures of each) were available for reissuance. number of bonds / iii Details of terms of re a ment for the other Ion -term borrowin s and securit rovided in res ect of the secured other Ion -term borrowin s: Particulars Term loans from banks: XXX Bank YYY Bank Total - Term loans from banks Term loans from other parties: ABC Ltd. XYZ Ltd. Total - Term loans from other parties Deferred payment liabilities: Deferred sales tax liability Deferred payment for acquisition of fixed assets Total - Deferred payment liabilities Deposits: Public deposits Inter-corporate deposit 1 Inter-corporate deposit 2 Total - Deposits Loans and advances from related parties: Total - Loans and advances from related parties Long-term maturities of finance lease obliqations: Finance lease Co. 1 Finance lease Co. 2 Total - Long-term maturities of finance lease obligations Other loans and advances: Loan 1 Advance 1 Total - Other loans and advances Terms of repayment and securit As at 31 March 20X2 As at 31 March 20X1 Secured Unsecured Secured Unsecured
  33. GN 8.3.1 GN 8.3.1.1 GN 8.3.1.2 GN 8.3.1.7 GN 8.3.1.10 GN 7.1.8 Ref. No. GN 8.3.1.17 GN 8.3.1.18 BS 6.C.iii GN 8.3.1.3 GN 8.3.1.13 GN 8.3.1.13 BS 6.C.vii GN 8.3.1.6 GN 8.3.1.14 GN 8.3.1.15 GN 8.3.1.16 Name of the Company Notes forming part of the financial statements Note 5 Long-term borrowings (contd.) Particulars * 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. (iv) Details of long-term borrowings guaranteed by some of the directors or others: Particulars As at 31 March, 20X2 Bonds / debentures Term loans from banks Term loans from other parties Deferred payment liabilities Deposits Loans and advances from related parties Long-term maturities of finance lease obligations Other loans and advances As at 31 March, 20X1 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. (v) The Company has defaulted in repayment of loans and interest in respect of the following: Particulars 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 Loans and advances from related parties Principal Interest Long-term maturities of finance lease obligations Principal Interest Other loans and advances Principal Interest As at 31 March 20X2 Period of default As at 31 March 20X1 Period of default (vi) For the current maturities of long-term borrowings, refer items (a) and (b) in Note 10 Other current liabilities.
  34. GN 8.4 Ref. No. BS 6.D.a GN 8.4.1 BS 6.D.b GN 8.4.1 Name of the Company Notes formina Dart of the financial statements Note 6 Other long-term liabilities Particulars (a) Trade Payables: (i) Acceotances (ii) Other than Acceptances (b) Others: (i) Payables on purchase of fixed assets (ii) Contractually reimbursable exoenses (iii) Interest accrued but not due on borrowings (iv) Interest accrued on trade oavables (v) Interest accrued on others (vi) Trade / security deoosits received (vii) Advances from customers (viii) Income received in advance (Unearned revenue) (ix) Others (specify nature) Total As at 31 March 20X2 As at 31 March 20X1 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.
  35. GN 8.5 Ref. No. BS 6.E.a GN 7.3 GN 8.5.1 BS 6.E.b Name of the Company Notes formina Dart of the financial statements Note 7 Long-term provisions As at 31 March Particulars (a) Provision for employee benefits: (i) Provision for compensated absences (ii) Provision for gratuity (net) (Refer Note 30.4.b) (iii) Provision for post-employment medical benefits (Refer Note 30.4.b) (iv) Provision for other defined benefit plans (net) (give details) (Refer Note 30.4.b) (v) Provision for other employee benefits (give details) (b) Provision - Others: (i) Provision for premium payable on redemption of bonds (Refer Note 5 Long-term borrowings) (ii) Provision for estimated loss on derivatives (iii) Provision for warranty (Refer Note 30.14) (iv) Provision for estimated losses on onerous contracts (Refer Note 30.14) (v) Provision for other contingencies (Refer Note (vi) Provision - others (give details) Total Asat 31 March 20X1 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.
  36. GN 7.1.8 GN 8.6.1.1 GN 8.6.1.2 Ref. No. BS 6.F.i.a BS 6.F.ii BS 6.F.ii BS 6.F.ii BS 6.F.ii BS 6.F.i.b GN6.15 GN 8.3.1.20 BS 6.F.ii BS 6.F.ii BS 6.F.i.c BS 6.F.ii BS 6.F.ii BS 6.F.i.d BS 6.F.ii BS 6.F.ii BS 6.F.ii GN 8.3.1.11 GN 8.3.1.12 GN8.3.1.13 Name of the Company Notes forming part of the financial statements Note 8 Short-term borrowings Particulars (a) Loans repayable on demand From banks Secured Unsecured From other parties Secured Unsecured (b) Loans and advances from related parties @ (Refer Note 30.7) Secured Unsecured (c) Deposits Secured Unsecured (d) Other loans and advances (specify nature) Secured Unsecured Total As at 31 March 20X2 As at 31 March 20X1 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 in AS 1 8 Related Party Disclosures . Notes: (i Details of securit for the secured short-term borrowin s: Particulars Loans repayable on demand from banks: XXX Bank YYY Bank Total - from banks Loans repayable on demand from other parties: ABC Ltd. XYZ Ltd. Total - from other parties Loans and advances from related parties: Total - Loans and advances from related parties Deposits: Public deposits Inter-corporate deposit 1 Inter-corporate deposit 2 Total - Deposits Other loans and advances: Loan 1 Advance 1 Total - Other loans and advances Nature of security 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. As at 31 March, 20X2 As at 31 March, 20X1
  37. GN 7.1.8 GN 8.6.1.1 GN 8.6.1.2 Ref. No. BS 6.F.iii GN 8.3.1.3 GN 8.3.1.13 Name of the Company Notes forming part of the financial statements Note 8 Short-term borrowings (contd.) Particulars (ii) Details of short-term borrowings guaranteed by some of the directors or others: Particulars Loans repayable on demand from banks Loans repayable on demand from other parties Loans and advances from related parties Deposits Other loans and advances As at 31 March, 20X2 As at 31 March, 20X1
  38. GN 7.1.8 GN 8.6.1.1 GN 8.6.1.2 Ref. No. BS 6.F.iv GN 8.3.1.6 GN 8.3.1.14 GN 8.3.1.15 GN 8.3.1.16 Name of the Company Notes forming part of the financial statements Note 8 Short-term borrowings (contd.) Particulars (iii) The Company has defaulted in repayment of loans and interest in respect of the following: Particulars Loans repayable on demand from banks Principal I nterest Loans repayable on demand from other parties Principal I nterest Loans and advances from related parties Principal I nterest Deposits Principal I nterest Other loans and advances Principal I nterest As at 31 March, 20X2 Period of default As at 31 March, 20X1 Period of default
  39. Name of the Company Notes formina Dart of the financial statements GN 8.62 Ref. No. BS 6.D.a GN 7.1.6 GN 8.4.1 Note 9 Trade payables Particulars Trade oavables: Acceptances Other than Acceotances As at 31 March 20X2 Asat 31 March 20X1 Total 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.
  40. GN 8.6.3 GN 7.1.7 Ref. No. BS 6.G.a GN 8.3.1.10 BS 6.G.b BS 6.G.c BS 6.G.d BS 6.G.e BS 6.G.f BS 6.G.g GN 8.2.1 GN 8.2.2 GN 8.2.3 BS 6.G.h BS 6.G.i BS 6.G.j GN 7.1.6 GN 8.2.3 GN 8.3.1.11 Name of the Company Notes formina part of the financial statements Note 10 Other current liabilities @ Particulars (a) Current maturities of long-term debt (Refer Note (i) below) (b) Current maturities of finance lease obligations (Refer Note 30.8.c) (c) Interest accrued but not due on borrowings (d) Interest accrued and due on borrowings (e) Income received in advance (Unearned revenue) (f) Unpaid dividends (g) Application money received for allotment of securities and due for refund and interest accrued thereon # (h) Unpaid matured deposits and interest accrued thereon (i) Unpaid matured debentures and interest accrued thereon (j) Other payables (i) Statutory remittances (Contributions to PF and ESIC, Withholding Taxes, Excise Duty, VAT, Service Tax, etc.) (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 (vii) Advances from customers (viii) Others (specify nature) As at 31 March 20X2 As at 31 March 20X1 Total @ 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. Z # 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 Ion -term debt Refer Notes i iii and iv in Note 5 - Lon -term borrowin s for details of securit and uarantee : 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 Total As at 31 March 20X2 As at 31 March 20X1
  41. GN 8.6.4 Ref. No. BS 6.H.a GN 7.3 GN 8.5.1 BS 6.H.b GN 8.8.7.7 GN 8.8.7.7 Name of the Company Notes forming part of the financial statements Note 11 Short-term provisions Particulars (a) Provision for employee benefits: @ (i) Provision for bonus (ii) Provision for compensated absences (iii) Provision for gratuity (net) (Refer Note 30.4.b) (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) (vi) Provision for other employee benefits (give details) As at 31 March 20X2 As at 31 March 20X1 (b) Provision - Others: (i) Provision for tax (net of advance tax (As at 31 March, (ii) Provision for premium payable on redemption of bonds (Refer Note 5 Long-term borrowings) (iii) Provision for estimated loss on derivatives (iv) Provision for warranty (Refer Note 30.14) (v) Provision for estimated losses on onerous contracts (Refer Note 30.14) (vi) Provision for other contingencies (Refer Note 30.14) (vii) Provision for proposed equity dividend (viii) Provision for proposed preference dividend (ix) Provision for tax on proposed dividends (x) Provision - others (give details) Total @ 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. 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.
  42. GN 8.7.1 Ref. No. GN 8.7.1.1 BS 6.1.i BS 6.1.ii BS 6.1.iii AS 10.37.i AS 6.28 AS 19.22.a AS 19.22.b Name of the Company Notes formina part of the financial statements Note 12 Fixed assets Tangible assets Balance as at 1 April, 20X1 (a) Land Freehold Leasehold * (b) Buildings Own use Given under operating lease * (c) Plant and Equipment Owned Taken under finance lease Given under operating lease * (d) Furniture and Fixtures Owned Taken under finance lease Given under operating lease * (e) Vehicles Owned Taken under finance lease * Given under operating lease * (f) Office equipment Owned Taken under finance lease * Given under operating lease * (g) Leasehold improvements Owned Taken under finance lease * Given under operating lease * (h) Others (specify nature), e.g. Railway sidings, etc. Owned Taken under finance lease Given under o eratin lease * Total Previous ear Additions Disposals Acquisitions through business combinations Gross block Reclassified as held Revaluation increase for sale Effect of foreign currency exchange differences Borrowing cost capitalised Other adjustments Balance as at 31 March, 20X2
  43. GN 8.7.1 Ref. No. GN 8.7.1.1 BS 6.1.i BS 6.1.ii BS 6.1.iii AS 10.37.i AS 6.28 AS 19.22.a AS 19.22.b GN 8.7.1.1 AS 10.37.iii Name of the Company Notes formina Dart of the financial statements Note 12 Fixed assets (contd.) Tangible assets Balance as at 1 April, 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 Reversal of impairment losses recognised in Statement of Profit and Loss Other adjustments Balance as at 31 March, Balance as at 31 March, Net block Balance as at 31 March, 20X1 (a) Land Freehold Leasehold * (b) Buildings Own use Given under operating lease * (c) Plant and Equipment Owned Taken under finance lease * Given under operating lease * (d) Furniture and Fixtures Owned Taken under finance lease Given under operating lease * (e) Vehicles Owned Taken under finance lease * Given under operating lease * (f) Office equipment Owned Taken under finance lease Given under operating lease * (g) Leasehold improvements Owned Taken under finance lease * Given under operating lease * (h) Others (specify nature), e.g. Railway sidings, etc. Owned Taken under finance lease * Given under o eratin lease Total Previous ear * Information regarding assets under lease (taken or given), where applicable, may also be given as a separate note for each class of asset. Asset dis osals throu h demer ers and amounts written off on reduction of ca ital should be disclosed se aratel for each class of assets. Also ive details such as ross book value of revalued assets, method ado ted to com ute revalued amounts, nature of indices used, ear of a raisal, involvement of external valuer as Ion as the concerned assets are held b the Com an .
  44. Name of the Company Notes formina Dart of the financial statements Note 12 Fixed assets (contd.) GN 8.7.1 Ref. No. BS 6.J.i BS 6.J.ii GN 8.7.1.2 Ref. No. BS 6.J.i BS 6.J.ii GN 8.7.1.2 GN 8.7.1.1 AS 26.94.c B B Intangible assets Balance as at 1 April, 20X1 (a) Goodwill (b) Brands / trademarks (c) Computer software (d) Mastheads and publishing titles (e) Mining rights (f) Copyrights, patents and other intellectual property rights, services Additions Depreciation / amortisation expense for the year Disposals Acquisitions through business combinations Gross block Reclassified as held for sale Effect of foreign currency exchange differences Other adjustments Borrowing cost capitalised Balance as at 31 March, Other adjustments Balance as at 31 March, and operating rights (g) Recipes, formulae, models, designs and prototypes (h) Licenses and franchise i Others s eci nature Total Previous ear Intangible assets (a) Goodwill (b) Brands / trademarks (c) Computer software (d) Mastheads and publishing titles (e) Mininq rights (f) Copyrights, patents and other intellectual property rights, services and operating rights (g) Recipes, formulae, models, designs and prototypes (h) Licenses and franchise i Others s eci nature Total Previous ear Accumulated depreciation and impairment Balance as at 1 April, 20X1 Eliminated on Eliminated on disposal of assets reclassification as held for sale Impairment losses recognised / (reversed) in Statement of Profit and Loss Balance as at 31 March, Net block 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. Asset dis osals throu h demer ers and amounts written off on reduction of ca ital should be disclosed se aratel for each class of assets. Existence and car in amount of intan ible assets whose title is restricted and the car •n amounts of intan ible assets led ed as securi for liabilities needs to be disclosed.
  45. Name of the Company Notes formina Dart of the financial statements Note 12 Fixed assets (contd.) GN 8.7.1 Ref. No. GN 9.5.6 BS 6.1.iv BS 6.J.iii GN 8.7.1.1.iv GN 8.7.1 .2.iii AS 10.33 AS 10.34 AS 19.46.a Particulars C. De reciation and amortisation relatin to continuin o rations: Particulars For the year ended 31 March For the year ended 31 March 20X1 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: i Details of amounts written off on reduction of ca ital or revaluation of assets or sums added to assets on revaluation durin the recedin 5 ears: Particulars 31 March 20X2 E Details to be provided for each class of asset Opening balance Written off on reduction of capital Date Amount Written off on revaluation Date Amount Added on revaluation Date Amount Balance as at 31 March ii Details of assets ac uired under hire urchase a reements: 31 March 20X1 Year Prior Year 1 31 March Prior Year 2 Prior Year 3 Particulars Gross block 31 March 20X2 iii Details of assets •ointl owned b the Com an . 31 March 20X1 Particulars Extent of ownership by the Company Proportion of the original cost Net block 31 March 20X1 Accumulated depreciation Net block 31 March 31 March 20X1 31 March 20X2 31 March 20X1 31 March 20X2 31 March 20X1 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.
  46. AS 13.26 AS 13.27 GN 8.7.2 GN 7.4.1 N 7.4.2 Ref. No. BS 6.K.i BS 6.K.ii GN 8.7.2.5 AS 13.32 GN 8.7.2.1 BS 6.K.i.b GN 8.7.2.7 GN 8.7.2.7 GN 8.7.2.4 BS 6.K.i.c GN 8.7.2.7 GN 8.7.2.4 BS 6.K.i.e GN 8.7.2.7 GN 8.7.2.4 BS 6.K.i.a BS 6.K.i.h GN 8.7.2.7 Name of the Company Notes forming part of the financial statements Note 13 Non-current investments Particulars As at 31 March, 20X2 Quoted # Un uoted # Investments (At cost): Total As at 31 March, 20X1 Quoted Un uoted Total A. (a) (b) (c) (d) Trade @ Investment in equity instruments (give details separately for fully / partly paid up instruments) (i) of subsidiaries E.g.. 5,000 (As at 31 March, 20X1 : 4,000) shares of' 10 each fully paid up in ABC Ltd. 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. (ii) of associates (iii) of joint venture companies (iv) of controlled special purpose entities (v) of other entities (give details) Investment in preference shares (give details separately for fully / partly paid up shares) (i) of subsidiaries (ii) of associates (iii) of joint venture companies (iv) of controlled special purpose entities (v) of other entities (give details) Investment in debentures or bonds (give details separately for fully / partly paid up debentures / bonds) (i) of subsidiaries (ii) of associates (iii) of joint venture companies (iv) of controlled special purpose entities (v) of other entities (give details) Investment in partnership firms (Refer Note below) Other non-current investments (specify nature) Total - Trade A @ 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. # 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.
  47. AS 13.26 AS 13.27 GN 8.7.2 GN 7.4.1 N 7.4.2 Ref. No. BS 6.K.i.a GN 8.7.2.2 BS 6.K.i.b GN 8.7.2.7 GN 8.7.2.4 BS 6.K.i.c GN 8.7.2.7 GN 8.7.2.4 BS 6.K.i.d BS 6.K.i.e GN 8.7.2.7 GN 8.7.2.4 BS 6.K.i.f BS 6.K.i.g GN 8.7.2.9 Name of the Company Notes forming part of the financial statements Note 13 Non-current investments (contd.) Particulars As at 31 March, 20X2 Quoted Un uoted Total As at 31 March, 20X1 Quoted Un uoted Total B. Other investments (a) Investment property (specify nature), (net off accumulated depreciation and im airment if an 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. (b) (c) (d) (e) (f) (g) Investment in equity instruments (give details separately for fully / partly paid up instruments) (i) of subsidiaries (ii) of associates (iii) of joint venture companies (iv) of controlled special purpose entities (v) of other entities (give details) Investment in preference shares (give details separately for fully / partly paid up shares) (i) of subsidiaries (ii) of associates (iii) of joint venture companies (iv) of controlled special purpose entities (v) of other entities (give details) Investment in government or trust securities (i) government securities (ii) trust securities Investment in debentures or bonds (give details separately for fully / partly paid up debentures / bonds) (i) of subsidiaries (ii) of associates (iii) of joint venture companies (iv) of controlled special purpose entities (v) of other entities (give details) Investment in mutual funds (qive details) Investment in partnership firms (Refer Note below)
  48. AS 13.26 AS 13.27 GN 8.7.2 GN 7.4.1 N 7.4.2 Ref. No. BS 6.K.i.h GN 8.7.2.7 GN 8.7.2.9 BS 6.K.iii.c GN 8.7.2.3 BS 6.K.iii.a AS 13.35.e GN 8.7.2.6 BS 6.K.iii.a AS 13.35.e BS 6.K.iii.b AS 13.35.e BS 6.K.i.g GN 8.7.2.8 GN 8.7.2.9 Name of the Company Notes forming part of the financial statements Note 13 Non-current investments (contd.) Particulars (h) Other non-current investments (specify nature) 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 relatin to investment in artnershi firms Quoted As at 31 March, 20X2 Un uoted Total Quoted As at 31 March, 20X1 Un uoted As at 31 March, 20X1 Total Total - Other investments (B) Total (A+B) Total As at 31 March, Name of the firm Names of partners in the firm Total capital 20X2 Share of each partner in the profits of the firm Names of partners in Share of each partner in the firm Total capital the profits of the firm 1 2
  49. GN 8.7.2.4 GN 8.7.2.7 GN 8.7.2.5 GN 8.7.2.3 AS 13.35.d Name of the Company Notes forming part of the financial statements The ortion of Ion -term investment as er AS 13 which is ex ected to be realised within twelve months from the Balance Sheet date needs to be shown as current investment. 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. S 2. Investments that are not carried at cost should be stated se aratel s eci in the basis of valuation thereof At cost less rovision for other than tem ora 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- term investment. 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.
  50. GN 8.7.3 Ref. No. BS 6.L.i BS 6.L.ii BS 6.L.ii BS 6.L.ii BS 6.L.iii BS 6.L.i BS 6.L.ii BS 6.L.ii BS 6.L.ii BS 6.L.iii BS 6.L.i GN 6.15 BS 6.L.ii BS 6.L.ii BS 6.L.ii BS 6.L.iii BS 6.L.ii BS 6.L.ii BS 6.L.ii BS 6.L.iii BS 6.L.ii BS 6.L.ii BS 6.L.ii BS 6.L.ii BS 6.L.i BS 6.L.ii BS 6.L.ii BS 6.L.ii BS 6.L.iii Name of the Company Notes forming part of the financial statements Note 14 Long-term loans and advances Particulars (a) Capital advances * Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful advances (b) Security deposits Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful deposits (c) Loans and advances to related parties (give details @) (Refer Note 30.7) Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful loans and advances (d) Loans and advances to employees Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful loans and advances (e) Prepaid expenses - Unsecured, considered good (For e.g. Insurance premium, Annual maintenance contracts, etc.) (f) Advance income tax # (net of provisions 31 March, 20X1 _) - Unsecured, considered good (g) MAT credit entitlement # - Unsecured, considered good (h) Balances with government authorities Unsecured, considered good (i) CENVAT credit receivable (ii) VAT credit receivable (iii) Service Tax credit receivable (i) Other loans and advances (specify nature) Secured, considered good Unsecured, considered good Doubtful Less: Provision for other doubtful loans and advances As at 31 March 20X2 As at 31 March 20X1 Total
  51. GN 8.7.3 Ref. No. BS 6.L.iv GN 8.7.3 Name of the Company Notes forming part of the financial statements Note 14 Long-term loans and advances (contd.) 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 contained in AS 18 Related Part Disclosures . # The current portion of advance tax and MAT credit entitlement, if any, needs to be disclosed under Note 20 - Short- term loans and advances. Note: Lon -term loans and advances include amounts due from: Particulars Directors * Other officers of the Company Firms in which any director is a partner (give details per firm) As at 31 March, 20X2 As at 31 March, 20X1 Private companies in which any director is a director or member (give details per company) *Or any of them either severally or jointly with any other person to be stated separately.
  52. GN 8.7.4 Ref. No. BS 6.M.i BS 6.M.iii BS 6.M.iii BS 6.M.iii BS 6.M.iii AS 16.4 Name of the Company Notes form ina oart of the financial statements Note 15 Other non-current assets Asa 31 Mar h.2 Particulars (a) trade receivables # (including trade receivables on deferred credit terms) (Refer Note below) Secured, considered qood Unsecured, consdered qood Doubtful Less: Provision for doubtful trade receivables (b) Unamortised expenses (i) borrowinq costs (ii) Share issue expenses (where apolicable) (ili) Discount on shares (where apphcable) (c) Accruals (i) Interest accrued on deposits (ii) Interest accrued on investments (ii) Interest accrued on trade receivables A at 1 March 20X1 BS 6.M.ii (d) Others @ (i) Insurance claims (ii) Receivables on sale of fixed assets (iii) Contractually reimbursable experses (iv) Others (specify nature) Total # Trade receivables are dues in respect of goods sold or servtes remiered 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 1 2 months from the Balance Sheet date should be classified urxier Non-current assets. In addition to long-term trade receivables, in case any Other amount classified under this category is doubtful, i is advisable that such doubtful amount as well as any provision made there against is separately disclosed. BS 6.M.iii Note: Long-term trade receivables include debts due from: As t 31 Marc Asat31 March 20X1 Particulars Directors • Other offters of the Company ' Firms in which any director is a partner (give details per firm) Private companies in which any director is a director or member (qive detaiÉ per company) •or any of them either severally or jointly with any other person to be stated separately. GN 8.7.4
  53. Name of the Companv Notes forming part of the financial statements Note 16 Current investments AS 13.26 AS 13.27 GN 8.8.1 GN 7.4 GN 7.4.2 Ref. No. BS 6.N.ii.a BS 6.N.ii.d GN 8.7.2.3 GN 8.7.2.5 BS 6.N.i.a GN 8.7.2.7 GN 8.7.2.4 BS 6.N.i.b GN 8.7.2.7 GN 8.7.2.4 iiiiii BS 6.N.i.c BS 6.N.i.d GN 8.7.2.7 GN 8.7.2.4 BS 6.N.i.e As at 31 March, 20X2 As at 31 March, 20X1 A. (b) (c) (d) B. (a) (b) (c) (d) Particulars Current portion of long-term investments (At cost) Investment in preference shares (give details separately for fully / partly paid up shares) Investment in government or trust securities (give details) Investment in debentures or bonds (give details separately for fully / partly paid up debentures / bonds) 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) Investment in equity instruments (give details separately for fully / partly paid up instruments) (i) of subsidiaries (ii) of associates (iii) of joint venture companies (iv) of controlled special purpose entities (v) of other entities (give details) Investment in preference shares (give details separately for fully / partly paid up shares) (i) of subsidiaries (ii) of associates (iii) of joint venture companies (iv) of controlled special purpose entities (v) of other entities (give details) Investment in government or trust securities (i) government securities (ii) trust securities Investment in debentures or bonds (give details separately for fully / partly paid up debentures / bonds) (i) of subsidiaries (ii) of associates (iii) of joint venture companies (iv) of controlled special purpose entities (v) of other entities (give details) Investment in mutual funds (give details)
  54. Name of the Companv Notes forming part of the financial statements Note 16 Current investments (contd.) AS 13.26 AS 13.27 GN 8.8.1 GN 7.4 GN 7.4.2 Ref. No. BS 6.N.i.f GN 8.7.2.9 BS 6.K.i.g GN 8.7.2.7 GN 8.7.2.9 BS 6.N.ii.b AS 13.35.e GN 8.7.2.6 BS 6.N.ii.b AS 13.35.e GN 8.7.2.6 BS 6.N.ii.c AS 13.35.e BS 6.N.ii.d GN 8.8.1.ii BS 6.N.i.f GN 8.7.2.8 GN 8.7.2.9 GN 8.7.2.4 GN 8.7.2.7 GN 8.7.2.5 GN 7.4 GN 7.4.2 (g) Notes: 1 2 Particulars Investment in partnership firms (Refer Note (i) below) Other investments (specify nature) Aggregate amount of quoted investments As at 31 Quoted Un Total - Other current investments (B) Total - Current investments (A+B) March, uoted March, 20X2 Total 20X2 Share of each partner in the profits of the firm Quoted Names of partners in the firm As at 31 March, 20X1 Un uoted As at 31 March, 20X1 Total 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 i Other details relatin to investment in artnershi firms Name of the firm As at 31 Names of Total partners in capital the firm Total capital 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 and cash equivalents in the Cash Flow Statement. (As at 31 March, ), considered as part of Cash # 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. 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, 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, 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. 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. 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. 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.
  55. GN 8.8.2 GN 7.1.5 BS 6.0.iii Ref. No. AS 2.26.b BS 6.0.i BS 6.0.ii BS 6.0.i BS 6.0.ii BS 6.0.i BS 6.0.ii BS 6.0.i BS 6.0.ii BS 6.0.i BS 6.0.ii BS 6.0.i BS 6.0.ii BS 6.0.i BS 6.0.ii PL 5.iii GN 10.8.1 GN 8.8.2 Name of the Company Notes forming part of the financial statements Note 17 Inventories At lower of cost and net realisable value Particulars (a) Raw materials Goods-in-transit (b) Work-in-progress @ (Refer Note below) Goods-in-transit (c) Finished goods (other than those acquired for trading) Goods-in-transit (d) Stock-in-trade (acquired for trading) Goods-in-transit (e) Stores and spares Goods-in-transit (f) Loose tools Goods-in-transit (g) Others (Specify nature) Goods-in-transit As at 31 March 20X2 Total As at 31 March 20X1 @ 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. Note: Details of inventory of work-in-progress Particulars Product Xl Product Yl Product Zl Other items As at 31 March, 20X2 As at 31 March, 20X1 Mode of valuation for each class of inventories should be disclosed, if other than "at lower of cost and net realisable value".
  56. 8.7 Ret. NO. BS 6.P.i AS G_p.ii 6 _ p.ii BS 6.P.iii BS 6.P BS 6.P.ii BS 6.P.ii BS 6.P.ii BS 6.P.iii BS 6.P.iv of Comnanv t•htps hrminn nart Of the finamial statements t-bte 18 receivables@ Particulars receiv±les ciJtStanding br a six rnonths from the date thev were due for oavment # Secured. considered amd Doubtful Less: Provision for doubtful trade Other receivab Secured. Unsecured. considered aood Doubtful Less: Provision for doubtful trade As at 31 March, 20X2 Asat 31 March, 20X1 @ Trade receivables are dues in respect of goods sold or services rendered in the normal course 01 # Where no due date is specifically agreed upon, the normal crexdit period by the Company Should t*en into consideration for computirg the due date vhich may vary upon the nature o goods or services sold and the type of customers, etc. incl ed ts fro Particulars Cher officers the Comoanv Asat31 March, 20X2 Asat31 March, 20X1 Firms in which any director is a partner (give details per Private companies in which any director is a Or (aive detals Der comoanv) GN 8.8-3 eitha •n Wth to be stated
  57. GN 8.8.4 GN 6.4 Ref. No. BS 6.Q.i BS 6.Q.i BS 6.Q.i BS 6.Q.ii BS 6.Q.iii BS 6.Q.i AS 3.5.1 AS 3.5.2 BS 6.Q.v BS 6.Q.iv Name of the Company Notes forming part of the financial statements Note 19 Cash and cash equivalents @ Particulars (a) Cash on hand (b) Cheques, drafts on hand (c) Balances with banks (i) In current accounts (ii) In EEFC accounts (iii) In deposit accounts (Refer Note (i) below) (iv) In earmarked accounts - Unpaid dividend accounts - Unpaid matured deposits - Unpaid matured debentures - Share application money received for allotment of securities and due for refund As at 31 March, 20X2 - Balances held as margin money or security against borrowings, guarantees and other commitments (Refer Note (i) below) - Other earmarked accounts (specify) (Refer Note (ii) below) (d) Others (specify nature) Total Of the above, the balances that meet the definition of Cash and cash equivalents as per AS 3 Cash Flow Statements is Notes: (i) Balances with banks include deposits amounting to (As at 31 March, 20Xl As at 31 March, 20X1 ) and margin monies amounting to (As at 31 March, 20Xl ) which have an original maturity of more than 12 months. (ii) Balances with banks - Other earmarked accounts include restriction on repatriation. (As at 31 March, 20Xl ) which have @ 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.
  58. GN 8.8.5 GN 8.7.3 Ref. No. BS 6.R.i GN 6.15 BS 6.R.ii BS 6.R.ii BS 6.R.ii BS 6.R.iii BS 6.R.i BS 6.R.ii BS 6.R.ii BS 6.R.ii BS 6.R.iii BS 6.R.i BS 6.R.ii BS 6.R.ii BS 6.R.ii BS 6.R.iii BS 6.R.i BS 6.R.ii BS 6.R.i BS 6.R.ii BS 6.R.i BS 6.R.ii BS 6.R.ii BS 6.R.ii BS 6.R.iii BS 6.R.i BS 6.R.ii BS 6.R.ii BS 6.R.ii BS 6.R.iii Name of the Company Notes forming part of the financial statements Note 20 Short-term loans and advances Particulars (a) Loans and advances to related parties (give details @) (Refer Note 30.7) Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful loans and advances (b) Security deposits Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful deposits (c) Loans and advances to employees Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful loans and advances (d) Prepaid expenses - Unsecured, considered good (For e.g. Insurance premium, Annual maintenance contracts, etc.) (e) Balances with government authorities Unsecured, considered good (i) CENVAT credit receivable (ii) VAT credit receivable (iii) Service Tax credit receivable (f) Inter-corporate deposits Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful inter-corporate deposits (g) Others (specify nature) Secured, considered good Unsecured, considered good Doubtful Less: Provision for other doubtful loans and advances Total As at 31 March 20X2 As at 31 March 20X1 @ Details of loans and advances to related parties should be given in accordance with the disclosure requirements contained in AS 18 Related Party Disclosures.
  59. GN 8.8.5 GN 8.7.3 Ref. No. BS 6.R.iv GN 8.8.5 Name of the Company Notes forming part of the financial statements Note 20 Short-term loans and advances (contd.) Particulars Note: Short-term loans and advances include amounts due from: Particulars Directors * Other officers of the Company Firms in which any director is a partner (give details per firm) Private companies in which any director is a director or member (give details per company) As at 31 March 20X2 As at 31 March 20X1 *Or any of them either severally or jointly with any other person to be stated separately.
  60. BS 6.S GN 8.8.6 Ref. No. AS 16.4 GN 8.8.6 GN 8.8.6 GN 8.8.6 Name of the Company Notes forming part of the financial statements Note 21 Other current assets Particulars (a) Unbilled revenue (b) Unamortised expenses (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 (d) Others (i) Insurance claims (ii) Receivables on sale of fixed assets (iii) Contractually reimbursable expenses (iv) Others (specify nature) As at 31 March 20X2 As at 31 March 20X1 Total X 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.
  61. Name of the Company Notes forming part of the financial statements Note 22 Revenue from operations GN 9.1 PL 2.A Ref. No. GN 9.1.1 GN 9.1.6 GN 9.1.7 GN 9.1.8 GN 9.1.9 AS 9.10 GN 9.1.2 Ref. No. PL 5.ii.d GN 10.8.1 GN 10.7.b.iv GN 10.8.2 PL 5.ii.c GN 10.8.3 GN 9.1.7 GN 9.1.8 GN 9.1.9 PL 5.i.c AS 9.14 (a) (b) (c) (d) Note (ii) (iii) Particulars Sale of products @ (Refer Note (i) below) Sale of services @ (Refer Note (ii) below) Other operating revenues # (Refer Note (iii) below) Less: Excise duty Particulars For the year ended 31 March, 20X2 Total For the year ended 31 March, 20X2 For the year ended 31 March, 20X1 For the year ended 31 March, 20X1 Sale of products comprises @: Manufactured goods Product X Product Y Product Z Others Total - Sale of manufactured goods Traded goods Product M Product N Product O Others Total - Sale of traded goods Total - Sale of roducts Sale of services comprises @: Service P Service Q Service R Others Total - Sale of services Other operating revenues # comprise: Sale of scrap Duty drawback and other export incentives Others (specify nature) Total - Other operating revenues @ 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. 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.
  62. Name of the Companv Notes forming part of the financial statements Note 23 Other income GN 9.2 GN 9.1.7 Ref. No. PL 5.1.d AS 13.35.c.i GN 9.2.2 PL 4.b PL 5.i.f PL 5.vii.a AS 13.35.c.i GN 9.2.3 GN 9.2.4 PL 5.i.g AS 13.35.c.ii AS 13.35.c.iii PL 5.i.h GN 10.1 AS 13.33 AS 13.35.c.ii AS 13.35.c.iii PL 5.i.i GN 9.1.9 GN 10.2 AS 11.40.a PL 4.d Ref. No. PL 5.i.d AS 13.35.c.i GN 9.2.2 GN 9.2.4 Particulars For the year ended 31 March, 20X2 (a) (b) (c) (d) (f) Note 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 Adjustments to the carrying amount of investments - reversal of reduction in the carrying amount of: current investments long-term investments Net gain on foreign currency transactions and translation (other than considered as finance cost) Other non-operating income (net of expenses directly attributable to such income) (Refer Note (ii) below) Interest income comprises: Interest from banks on: deposits other balances Interest on loans and advances Interest on overdue trade receivables Particulars For the year ended 31 March, 20X1 For the year ended 31 March, 20X1 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 - Total For the year ended 31 March, 20X2 Interest income
  63. Name of the Companv Notes forming part of the financial statements Note 23 Other income (contd.) GN 9.2 GN 9.1.7 Ref. No. AS 13.35.c.i AS 19.40 AS 10.26 GN 9.1.8 GN 9.2.5 GN 9.3 GN 9.3.8 GN 9.4 GN 10.11 AS 5.15 GN 9.2.5 GN 10.4 GN 10.4 GN 9.2.4 Note (ii) (iii) Particulars Other non-operating income comprises: Rental income from investment properties Rental income from operating leases Profit on sale of fixed assets [net of expenses directly attributable Share of profit from partnership firms # Share of profit from AOPs # Share of profit from LLPs * Liabilities / provisions no longer required written back Prior period items (net) (Refer Note (iii) below) Miscellaneous income [net of expenses directly attributable For the year ended 31 March, 20X2 For the year ended 31 March, 20X1 (Year ended 31 March, (Year ended 31 March, Total - Other non-o eratin income Details of Prior period items (net) Prior period income (give details) Prior period expenses (give details) Total @ 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. 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. Any item of income which exceeds one per cent of the revenue from operations or 100,000, whichever is higher, to be disclosed. 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.
  64. GN 9.5.1 GN 10.5 to 10.8 Ref. No. GN 9.5.1.1 GN 9.5.1.2 GN 9.5.1.3 GN 9.5.1.4 GN 9.5.1.5 GN 9.5.1.6 GN 9.5.1.7 GN 9.5.2 GN 10.5 to 10.8 Ref. No. PL 5.ii.(b) GN 9.5.3 GN 10.5 to 10.8 Ref. No. PL 5.iii Name of the Company Notes forming part of the financial statements Note 24.a Cost of materials consumed @ Particulars Opening stock Add: Purchases Less: Closing stock Cost of material consumed For the year ended 31 March 20X2 Material consumed comprises: Raw material 1 Raw material 2 Raw material 3 Other items Note 24.b Purchase of traded goods @ Particulars Traded good M Traded good N Traded good O Other items For the year ended 31 March 20X1 For the year ended 31 March 20X1 Total For the year ended 31 March 20X2 Total Note 24.c Changes in inventories of finished goods, work-in-progress and stock-in-trade @ Particulars Inventories at the end of the year: Finished goods Work-in-progress Stock-in-trade Inventories at the beqinninq of the year: Finished goods Work-in-progress Stock-in-trade Net increase / decrease For the year ended 31 March 20X2 For the year ended 31 March 20X1
  65. GN 9.5.1 GN 10.5 to 10.8 Ref. No. Name of the Company Notes forming part of the financial statements Note 24.a Cost of materials consumed / 24.b Purchase of traded goods / 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 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. (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. 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 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.
  66. GN 9.5.4 Ref. No. GN 9.5.4.1 GN 9.5.4.2 GN 9.5.4.3 GN 9.5.4.4 Name of the Company Notes forming part of the financial statements Note 25 Employee benefits expense Particulars Salaries and wages # Contributions to provident and other funds (Refer Note 30.4) @ Expense on employee stock option (ESOP) scheme (Refer Note 31) Staff welfare expenses ** For the year ended 31 March 20X2 For the year ended 31 March 20X1 Total # 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 SEB/ (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.
  67. Name of the Company Notes formina part of the financial statements GN 9.5.5 Ref. No. PL 5.i.(e) GN 9.5.5 A GN 9.8.1.3 GN 9.5.5 B GN 9.5.5 C AS 16.4.e Note 26 Finance costs (a) Interest expense on: (i) Borrowings (ii) Trade payables (iii) Others Particulars For the year ended 31 March, 20X2 For the year ended 31 March, 20X1 - Interest on delayed / deferred payment of income tax - Others (give details) (b) Other borrowing costs @ (c) Net (gain) / loss on foreign currency transactions and translation (considered as finance cost) Total @ 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.
  68. GN 9.5.7 Ref. No. GN 6.7 GN 10.3 PL 5.i.i GN 10.2 AS 11.40.a AS 10.26 AS 28.121 .b PL 5.i.g AS 13.35.c.ii AS 13.35.c.iii GN 10.12 PL 5.i.h GN 10.1 AS 13.35.c.ii AS 13.35.c.iii GN 10.11 AS 5.15 Name of the Company Notes forming part of the financial statements Note 27 Other expenses Particulars Consumption of stores and spare parts Consumption of loose tools * Consumption of packing materials @ Increase / (decrease) of excise duty on inventory Subcontracting Power and fuel Water * Rent including lease rentals (Refer Note 30.8.d) Repairs and maintenance - Buildings Repairs and maintenance - Machinery Repairs and maintenance - Others * Insurance Rates and taxes Communication * T ravelling and conveyance * Printing and stationery* Freight and forwarding Sales commission * Sales discount * Business promotion * Donations and contributions Legal and professional Payments to auditors (Refer Note (i) below) Bad trade and other receivables, loans and advances written off Net loss on foreign currency transactions and translation (other than considered as finance cost) Amortisation of share issue expenses and discount on shares Loss on fixed assets sold / scrapped / written off Provision for impairment of fixed assets and intangibles (net) # Net loss on sale of investments from current investments from long-term investments Provision for losses (diminution in value of investments) in subsidiary companies (net) # Adjustments to the carrying amount of investments (other than subsidiaries) (net) - reduction in the carrying amount of:# current investments long-term investments Provision for doubtful trade and other receivables, loans and advances (net) # Provision for estimated loss on derivatives (net) # For the year ended 31 March, 20X2 For the year ended 31 March, 20X1 Provision for warranty [net of reversal of ' (Year ended 31 March, * (Refer Note 30.14) 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) Prior period items (net) # (Refer Note (ii) below) Miscellaneous expenses Total
  69. GN 9.5.7 Ref. No. GN 10.3 GN 10.4 Name of the Company Notes forming part of the financial statements Note 27 Other expenses (contd.) Particulars @ 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 (i) Payments to the auditors comprises (net of service tax input credit, where applicable): As auditors - statutory audit For taxation matters For company law matters For management services For other services Reimbursement of expenses Total Payments for For the year ended 31 March, 20X2 For the year ended 31 March, 20X1 - 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. (ii) Details of Prior period items (net) Prior period expenses (give details) Prior period income (give details) Total S * 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.
  70. GN 9.6 Ref. No. PL 5.i.k AS 5.12 AS 5.13 AS 5.14 GN 9.7 Ref. No. PL 5.i.k AS 5.4.2 AS 5.8 AS 12.20 Name of the Company Notes forming part of the financial statements Note 28.a Exceptional items @ Particulars (Give details) Total For the year ended 31 March 20X2 For the year ended 31 March 20X1 @ 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. Note 28.b Extraordinary items # Particulars (Give details) Government grants that have become refundable Total For the year ended 31 March 20X2 For the year ended 31 March 20X1 # 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.
  71. Name of the Company Notes forming part of the financial statements Note 29 Additional information to the financial statements GN 6.13 Ref. No. BS 6.A.h GN 8.1.3 BS 6.A.h GN 8.2 GN 8.2.3 BS 6.T.i AS 29.68 GN 8.8.7.1 GN 8.8.7.2 AS 29.71 AS 29.72 BS 6.T.ii GN 8.8.7.3 AS 26.94.d GN 8.8.7.4 GN 8.8.7.6 Note 29.1 29.2 29.3 Particulars Monies received against share warrants 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 /- each equity shares of /- per equity on a preferential allotment basis, pursuant to Section 81 (IA) of the Companies Act, 1956, at a conversion price of 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. Share application money pending allotment 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 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. Z 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 at 31 March 20X2 Contingent liabilities and commitments (to the extent not provided for) Contingent liabilities (a) Claims against the Company not acknowledged as debt (give details) (b) Guarantees @ (give details) (c) Other money for which the Company is contingently liable (give details) As at 31 March 20X1 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 therefor. As at 31 March 20X2 Commitments # (a) Estimated amount of contracts remaining to be executed on capital account and not provided for Tangible assets Intangible assets (b) Uncalled liability on shares and other investments partly paid (c) Other commitments (specify nature) As at 31 March 20X1
  72. Name of the Company Notes forming part of the financial statements Note 29 Additional information to the financial statements (contd.) GN 6.13 Ref. No. BS 6.V GN 8.8.7.8 GN 6.8 GN 8.4.2 GN 8.4.3 Listing Clause GN 6.9 Note 29.4 29.5 29.6 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 guarantees should not be disclosed as contingent liabilities. # 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. Details of unutilised amounts out of issue of securities made for specific purpose 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. Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006 Particulars (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 As at 31 March 20X2 As at 31 March 20X1 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. Disclosure as per Clause 32 of the Listing Agreements with the Stock Exchanges Loans and advances in the nature of loans given to subsidiaries, associates and others and investment in shares of the Company by such parties: Name of the party Note: Fi ures in bracket relate to the Relationship Amount outstanding as at 31 March, 20X2 AAA (XXX) Maximum balance outstanding during the year BBB (YYY) revious ear.
  73. Name of the Company Notes forming part of the financial statements Note 29 Additional information to the financial statements (contd.) GN 6.13 Ref. No. Other Ann / GN 6.9 GN 6.9 Note 29.7 29.8 Particulars Details on derivatives instruments and unhedged foreign currency exposures l. 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. (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. i Outstandin forward exchan e contracts entered into b the Com an as on 31 March 20X2 Currenc AUD AUD USD USD Amount xxx (AAA) zzz Note: Figures in brackets relate to the previous year ii Outstandin o tion contracts entered into b the Com an as on 31 March Buy Buy Sell Sell 20X2 Buy Buy Sell Sell / Sell / Sell Currenc AUD AUD USD USD Note: Figures in brackets relate to the previous year Amount xxx (AAA) zzz Cross currenc Rupees Rupees Rupees Ru ees Cross currenc Rupees Rupees Rupees Ru ees (b) Interest rate swaps to hedge against fluctuations in interest rate changes: No. of contracts: Nil (As at 31 March, 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) ll. The ear-end forei n currenc ex osures that have not been hed ed b a derivative instrument or otherwise are iven below: As at 31 March 20X2 Receivable/ Pa able As at 31 March 20X1 Receivable/ (Payable) in Forei n currenc (indicate amount with currenc Receivable/ Pa able Receivable/ (Payable) in Forei n currenc (indicate amount with currenc Disclosure required in terms of Clause 13.5A of Chapter XIII on Guidelines for preferential issues, SEB' (Disclosure and Investor Protection) Guidelines, 2000 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 Plant and machinery Office equipment Vehicles Others (give details) During the year ended 31 March, 20X2 aaa bbb ppp As at 31 March 20X2 Total xxx rrr As at 31 March 20X1
  74. GN 6.13 Ref. No. GNII.I GN 11.2 GN 11.3 Name of the Company Notes forming part of the financial statements Note 29 Additional information to the financial statements (contd.) Note 29.10 Value of imports calculated on CIF basis @: Raw materials Components Spare parts Total Components and spare parts Ca ital oods Particulars For the year ended 31 March, 20X2 For the year ended 31 March, 20X1 @ 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. 29.11 (d) Disclosure is with regard to 'direct' imports by the Company. Expenditure in foreign currency #: Royalty Know-how Professional and consultation fees Interest Other matters For the year ended 31 March 20X2 For the year ended 31 March 20X1 # 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. 29.12 Details of consumption of imported and indigenous items * Imported Raw materials Components Spare parts For the year ended 31 March, 20X2 Total ppp (XXX) p pp (YYY) ppp (ZZZ) RRR p pp (b%) (c%) ad% bc%
  75. Name of the Company Notes forming part of the financial statements Note 29 Additional information to the financial statements (contd.) GN 6.13 Ref. No. Note Indiqenous Raw materials Components Spare parts GN 11.5 GN 11.4 BS 6.W 29.15 GN 8.8.7.9 Particulars For the year ended 31 March, 20X2 Total sss (QQQ) sss (AAA) sss (BBB) MMM FFF tO/0 tO/0 np% st% Note: Fi ures/ ercenta es in brackets relates to the revious ear 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. For the year ended 31 March, 20X2 29.13 Earnings in foreign exchange @@: Export of goods calculated on FOB basis Royalty, know-how, professional and consultation fees Interest and dividend Other income, indicatin the nature thereof. For the year ended 31 March, 20X1 may be considered in @@ The following guidance, summarised based on the ICAI Guidance Note on Revised Schedule VI, 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. 29.14 Amounts remitted in foreign currency during the year on account of dividend ## Amount of dividend remitted in foreign currency Total number of non-resident shareholders (to whom the dividends were remitted in foreign currency) Total number of shares held by them on which dividend was due Year to which the dividend relates For the year ended 31 March, 20X2 For the year ended 31 March, 20X1 ## 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 opinion, shall be stated.
  76. Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards GN 6.13 Ref. No. AS 7 AS 7.38.a AS 7.39.a AS 7.39.b AS 7.39.c AS 7.41 .a AS 7.41 .b Note 30.1 Particulars Details of contract revenue and costs Contract revenue recognised during the year Aggregate of contract costs incurred and recognised profits (less recognised losses) upto the reporting date Advances received for contracts in progress Retention money for contracts in progress Gross amount due from customers for contract work (asset) Gross amount due to customers for contract work (liability) For the year ended 31 March, 20X2 For the year ended 31 March, 20X1
  77. Name of the Company Notes formina part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 12 AS 12.23.ii Note 30.2 30.2.a 30.2.b Particulars Details of government grants 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 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. For the year ended 31 March 20X2 For the year ended 31 March 20X1
  78. Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 14.43 AS 14.45 Note 30.3 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 /- each ( % of shares in the Transferor Company and equity shares of shares in the Transferee Company) to the minority shareholders in the Transferor Companies. % of 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: Value of assets and liabilities acquired: Fixed assets Net current assets (give details) Secured loans Unsecured loans Less: 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 Year ended 31 March, 20X2 aaa bbb ccc ddd hhh xxx QQQ
  79. Name of the Companv Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 15 AS 15.47 AS 15.120.b AS 15.120.g AS 15.120.f AS 15.120.d Note 30.4.a 30.4.b Particulars Employee benefit plans 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. In case the company has contributions to foreign defined contribution plans and benefit plans, the details of the same should be disclosed. 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 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) Total expense recognised in the Statement of Profit and Loss Actual contribution and benefit payments for year Actual benefit payments Actual contributions Net asset / (liability) recognised in the Balance Sheet Present value of defined benefit obligation Fair value of plan assets Funded status [Surplus / (Deficit)] Unrecognised past service costs Net asset/ liabilit reco nised in the Balance Sheet Year ended 31 March, 20X1 Gratuity Year ended 31 March, 20X2 Post-employment medical benefits Other defined benefit plans (specify nature) Gratuity Post-employment medical benefits Other defined benefit plans (specify nature)
  80. Name of the Company Notes formina part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 15.120.c AS 15.120.e AS 15.120.k AS 15.120.h AS 15.120.1 AS 15.120.j AS 15.120.0 Note Particulars Change in defined benefit obligations (DBO) during the vear 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 Past service cost Benefits paid Present value of DBO at the end of the ear Chance in fair value of assets during the year Plan assets at beginning of the year Acquisition adjustment Expected return on plan assets Actual company contributions Actuarial gain / (loss) Benefits paid Plan assets at the end of the ear Actual return on Ian assets Composition of the plan assets is as follows: Government bonds PSU bonds Equity mutual funds Others Actuarial assumptions Discount rate Expected return on plan assets Salary escalation Attrition Medical cost inflation Mortality tables Performance percentage considered Estimate of amount of contribution in the immediate next year Year ended 31 March, 20X1 Gratuity Year ended 31 March, 20X2 Post-employment medical benefits Other defined benefit plans (specify nature) Gratuity Post-employment medical benefits Other defined benefit plans (specify nature)
  81. GN 6.13 Ref. No. AS 15.120.j AS 15.120.1 AS 15.120.m AS 15.120.n Name of the Company Notes formina part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) Note Particulars 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. Effect of a 1% change in health care cost Aggregate current service and interest cost Closin balance of obli ation Ex erience ad•ustments Gratuit Present value of DBO Fair value of plan assets Funded status [Surplus / (Deficit)] Experience gain / (loss) adjustments on plan liabilities Ex erience ain / loss ad'ustments on Ian assets Post Em 10 ment medical Benefits Present value of DBO Fair value of plan assets Funded status [Surplus / (Deficit)] Experience gain / (loss) adjustments on plan liabilities Ex erience ain / loss adustments on Ian assets Other defined benefit lans s eci nature Present value of DBO Fair value of plan assets Funded status [Surplus / (Deficit)] Experience gain / (loss) adjustments on plan liabilities Ex erience ain / loss ad'ustments on Ian assets Actuarial assumptions for long-term compensated absences Discount rate Expected return on plan assets Salary escalation Attrition 31 March 20X2 Increase by 1% 20X2-20X1 For the year ended 31 March 20X2 Decrease by 1% 20X1- 20X0 For the year ended 31 March 20X1 31 March 20X1 Increase by 1% Decrease by 1% 2nd rior ear 3rd rior ear 4th rior ear 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.
  82. Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 16 AS 16.23.b Note 30.5 Particulars Details of borrowing costs capitalised Borrowing costs capitalised during the year - as fixed assets / intangible assets / capital work-in-progress - as inventory For the year ended 31 March 20X2 For the year ended 31 March 20X1
  83. Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 17 AS 17.58 AS 17.40.a AS 17.40.a AS 17.40.b AS 17.46 Note 30.6 Particulars Segment information 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. Particulars Inter-segment revenue Segment result Unallocable expenses (net) Operating income Other income (net) Profit before taxes Tax expense Net profit for the year For the year ended 31 March, 20X2 Business se ments Eliminations (XXX) xxx Total xxx (XXX) xxx xxx (XXX) (XXX) xxx xxx Total (XXX) xxx xxx (XXX) xxx xxx (XXX) xxx xxx
  84. Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 17.40.c AS 17.46 AS 17.40.d AS 17.46 AS 17.46 AS 17.40.f AS 17.46 AS 17.40.g AS 17.46 Note Particulars For the year ended 31 March, 20X2 Business se ments Segment assets Unallocable assets Total assets Segment liabilities Unallocable liabilities Total liabilities Other information Capital expenditure (allocable) Capital expenditure (unallocable) Depreciation and amortisation (allocable) Depreciation and amortisation (unallocable) Other significant non-cash expenses (allocable) (give details) Other significant non-cash expenses (unallocable) (XXX) (XXX) (XXX) (XXX) (XXX) (XXX) Total (XXX) xxx xxx xxx xxx (XXX) (XXX) (XXX) (XXX)
  85. GN 6.13 Ref. No. AS 17.48 AS 17.58 Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) Note Particulars The geographic segments individually contributing 10 percent or more of the Company's revenues and segment assets are shown separately: Geographic Segment Americas Europe India Others Note: Fi ures in bracket relates to the revious ear Revenues Segment assets Capital expenditure For the year As at ended 31 March, 20X2 31 March, 20X2 (XXX) (XXX) (XXX) (XXX) (XXX) (XXX) incurred during the year ended 31 March, 20X2 (XXX) (XXX) (XXX) Give composition of each geographical segment separately as a descriptive Note.
  86. Name of the Comoanv Notes formina Dart of the financial statements Note 30 Disclosures under Accountina Standards (contd.) GN 6.13 Ref. No. AS 18 GN 6.15 AS 18.21 AS 18.23 AS 18.23 AS 18.24 AS 18.26 Note 30.7 30.7.a 30.7.b Related party transactions Details of related arties: Description of relationship Ultimate Holding Company Holding Company Ultimate Holding Company Subsidiaries Fellow Subsidiaries (to be given only if there are transactions) Associates Key Management Personnel (KMP) Relatives of KMP Company in which KMP / Relatives of KMP can exercise significant influence Note: Related parties have been identified by the Management. Details of related party transactions during the year ended 31 Particulars Names of related parties A Ltd. 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% March, 20X2 and balances outstanding as at 31 Ultimate Holding Company Holding Subsidiaries Company March, 20X2: Fellow Subsidiaries Associates KMP Relatives of KMP Entities in which KMP / relatives of KMP have significant influence Total 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. than 10% will be required to be disclosed and such importance depends on circumstances of the respective companies. Also note that in some cases even less Purchase of goods Sale of goods Purchase of fixed assets Sale of fixed assets Rendering of services Receiving of services Agency arrangements Leasing or hire purchase arrangements Transfer of research and development License agreements Finance (including loans and equity contributions in cash or in kind) Guarantees and collaterals Management contracts including for deputation of employees Provision for doubtful receivables, loans and advances Write off / write back made during the year Balances outstanding at the end of the year Trade receivables Loans and advances Trade payables Borrowings Provision for doubtful receivables, loans and advances Note: Figures in bracket relates to the previous year YYY (XXX) (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) YYY (XXX) (XXX) YYY (XXX) YYY (XXX) (XXX) (XXX) YYY (XXX) YYY (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) YYY (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) YYY YYY (XXX) (XXX) (XXX) YYY (XXX) YYY (XXX) (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) YYY (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) YYY (XXX) (XXX) YYY (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) YYY (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) YYY (XXX) (XXX) (XXX) (XXX) (XXX) YYY (XXX) (XXX) (XXX)
  87. Name of the Comoanv Notes formina Dart of the financial statements Note 30 Disclosures under Accountina Standards (contd.) GN 6.13 Ref. No. AS 19 GN 8.8.7.5 AS 19.46 AS 19.46.d AS 19.46.b AS 19.46.c AS 19.46.a AS 19.37.f 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 AS 19.22.c AS 19.22.d As 19.22.e AS 19.25.e AS 19.25.a AS 19.25.c AS 19.25.c AS 19.25.b AS 19.25.d AS 19.22.f.iii Note 30.8 30.8.a 30.8.b 30.8.c 30.8.d 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 recoqnised on the leased assets Impairment losses recoanised on the leased assets Impairment losses reversed on the leased assets The Company has entered into finance lease arrangements for certain equipments and vehicles. Future minimum lease payments and reconciliation of gross investment in the lease and present value of minimum lease payments Future minimum lease payments not later than one year later than one year and not later than five years later than five years Less: Unearned finance income Present value of minimum lease payments receivable not later than one year later than one year and not later than five years later than five years 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 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. Reconciliation of minimum lease payments Future minimum lease payments not later than one year later than one year and not later than five years later than five years Less: Unmatured finance charges Present value of minimum lease payments payable not later than one year later than one year and not later than five years later than five years Contingent rents recognised as expense during the year (state basis) Future minimum sublease payments expected to be received under non-cancellable subleases 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 years and may be renewed for a further to 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. Future minimum lease payments not later than one year later than one year and not later than five years later than five years Lease payments recognised in the Statement of Profit and Loss 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 S Restrictions imposed by lease arrangements, such as those concerning dividends, additional debt and further leasing should be disclosed. For the year ended 31 March 20X2 For the year ended 31 March 20X1
  88. Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 20 AS 20.11 AS 20.11 AS 20.48.ii AS 20.48.ii AS 20.48.ii AS.20.50 AS 20.11 AS 20.11 AS 20.48.ii AS 20.48.ii AS 20.48.ii AS 20.11 AS 20.48.i AS 20.11 AS 20.48.ii AS 20.48.ii AS 20.48.ii AS.20.48.i AS 20.11 AS 20.48.i AS 20.11 AS 20.48.ii AS 20.48.ii AS 20.48.ii AS.20.48.i AS 20.11 AS 20.11 AS 20.48.ii AS 20.29 AS 20.48.ii AS 20.48.ii AS 20.48.ii AS 20.48.ii AS 20.48.ii AS.20.50 Note 30.9 30.9.a 30.9.b 30.9.c 30.9.d 30.9.e Particulars Earnings per share Basic Continuinq operations Net profit / (loss) for the year from continuing operations Less: Preference dividend and tax thereon Net profit / (loss) for the year from continuing operations attributable to the equity shareholders 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 Less: Preference dividend and tax thereon Net profit / (loss) for the year attributable to the equity shareholders Weighted average number of equity shares Par value per share Earnings per share - Basic Basic (excludinq extraordinary items) Continuinq operations Net profit / (loss) for the year from continuing operations (Add) / Less: Extraordinary items (net of tax) relating to continuing operations Less: Preference dividend and tax thereon Net profit / (loss) for the year from continuing operations attributable to the equity shareholders, excluding extraordinary items Weighted average number of equity shares Par value per share Earnings per share from continuing operations, excluding extraordinary items - Basic Total operations Net profit / (loss) for the year (Add) / Less: Extraordinary items (net of tax) Less: Preference dividend and tax thereon Net profit / (loss) for the year attributable to the equity shareholders, excluding extraordinary items Weighted average number of equity shares Par value per share Earnings per share, excluding extraordinary items - Basic Diluted 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. Continuinq operations Net profit / (loss) for the year from continuing operations Less: Preference dividend and tax thereon Net profit / (loss) for the year attributable to the equity shareholders from continuing operations 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 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 For the year ended 31 March 20X2 For the year ended 31 March 20X1
  89. Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accountina Standards (contd.) GN 6.13 Ref. number AS 20.11 AS 20.11 AS 20.48.ii AS 20.29 AS 20.48.ii AS 20.48.ii AS 20.48.ii AS 20.48.ii AS 20.48.ii AS 20.11 AS 20.48.i AS 20.11 AS 20.48.ii AS 20.29 AS 20.48.ii AS 20.48.ii AS 20.48.ii AS 20.48.ii AS 20.48.ii AS.20.50 AS 20.11 AS 20.48.i AS 20.11 AS 20.48.ii AS 20.29 AS 20.48.ii AS 20.48.ii AS 20.48.ii AS 20.48.ii AS 20.48.ii AS 20.8 AS 20.44 Note 30.9.f 30.9.g 30.9.h Particulars Total operations Net profit / (loss) for the year Less: Preference dividend and tax thereon Net profit / (loss) for the year attributable to the equity shareholders Add: Interest expense and exchange fluctuation on convertible bonds (net) Profit / (loss) attributable to equity shareholders (on dilution) Weighted average number of equity shares for Basic EPS 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 - Diluted Diluted (excludinq extraordinary items) Continuinq operations Net profit / (loss) for the year from continuing operations (Add) / Less: Extraordinary items (net of tax) Less: Preference dividend and tax thereon Net profit / (loss) for the year from continuing operations attributable to the equity shareholders, excluding extraordinary items Add: Interest expense and exchange fluctuation on convertible bonds (net) Profit / (loss) from continuing operations attributable to equity shareholders (on dilution) Weighted average number of equity shares for Basic EPS 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, excluding extraordinary items - Diluted Total operations Net profit / (loss) for the year (Add) / Less: Extraordinary items (net of tax) Less: Preference dividend and tax thereon Net profit / (loss) for the year attributable to the equity shareholders, excluding extraordinary items Add: Interest expense and exchange fluctuation on convertible bonds (net) Profit / (loss) attributable to equity shareholders (on dilution) Weighted average number of equity shares for Basic EPS Add: Effect of Warrants, ESOPs and Convertible bonds which are dilutive Weighted average number of equity shares - for diluted EPS Par value per share Earnin s er share, excludin extraordina items - Diluted For the year ended 31 March 20X2 For the year ended 31 March 20X1 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.
  90. Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 22 GN 7.6 AS 22.31 AS 22.31 AS 22.32 Note 30.10 Particulars Deferred tax (liability) / asset Tax effect of items constitutina 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 On items included in Reserves and surplus pending amortisation into the Statement of Profit and Loss Others Tax effect of items constituting deferred tax liability Tax effect of items constitutina 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 difference between book balance and tax balance of fixed assets Unabsorbed depreciation carried forward Brought forward business losses On items included in Reserves and surplus pending amortisation into the Statement of Profit and Loss Others Tax effect of items constituting deferred tax assets Net deferred tax (liability) / asset 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.
  91. Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 24 AS 24.20 AS 24.20.f 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.e AS 24.20.h Note 30.11 Particulars Discontinuing operations During the year, pursuant to the approval of the Shareholders and other authorities as required, the Company has transferred the on a slump sale basis with effect from the close of business on for a consideration of . The business to business was reported as part of segment of the Company. The results of the discontinued business during the year until discontinuation were as under: Profit / (Loss) from ordinary activities Sale of products Sale of services Other operating revenue Total revenue (A) Cost of materials consumed Purchases of stock-in-trade For the year ended 31 March, 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) Add / (Less): Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the discontinuing operation 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 As at 31 March 20X2 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 For the year ended 31 March, Net cash flow attributable to the discontinued business Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities For the year ended 31 March, 20X1 As at 31 March 20X1 For the year ended 31 March, 20X1
  92. Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 26 AS 26.96 Note 30.12 Particulars Details of research and development expenditure recognised as an expense Materials Employee benefits expense Professional fees Consumables Interest T ravelling expenses Rent Depreciation Others For the year ended 31 March 20X2 Total For the year ended 31 March 20X1
  93. Name of the Company Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 27 AS 27.50 AS 27.51 AS 27.52 AS 27.53 Note 30.13 Interest in joint ventures The Company has interests in the following jointly controlled entities: Particulars Amount of interest based on accounts for the year ended 31 March, 20X2 Name of companies and country of incorporation A Ltd. , India (audited) B Ltd. USA (unaudited) Note: Figures in brackets relate to the previous year % of shareholdina xx Assets xxx Liabilities xxx Income xxx Expenditure xxx Contingent liabilities xxx Capital commitments xxx
  94. Name of the Companv Notes forming part of the financial statements Note 30 Disclosures under Accounting Standards (contd.) GN 6.13 Ref. No. AS 29 AS 29.66 GN 10.11 AS 29.67 Note 30.14 Particulars Details of provisions 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 warranty Provision for estimated losses on onerous contracts Provision for other contingencies (give details) Total Note: - Figures in brackets relate to the previous year. As at 1 April, 20X1 xxx (XXX) xxx (XXX) xxx xxx xxx Additions xxx (XXX) xxx (XXX) xxx (XXX) xxx xxx As at 31 March 20X1 YYY Utilisation xxx (XXX) xxx (XXX) xxx (XXX) xxx xxx Reversal (withdrawn as no longer required) xxx (XXX) xxx (XXX) xxx (XXX) xxx xxx As at 31 March, 20X2 xxx (XXX) xxx (XXX) xxx (XXX) xxx xxx Of the above, the following amounts are expected to be incurred within a year: Particulars Provision for warranty Provision for estimated losses on onerous contracts Provision for other contingencies (give details) As at 31 March 20X2 YYY YYY
  95. Name of the Company Notes formina Dart of the financial statements Note 31 Disclosures on Emolovee share based Davments GN 6.13 Ref. No. Gn 50(a) Gn 48 Gn 50(a) Gn 50(a) Gn 50(b) Note 31 a) b) c) d) Employee Stock Option Scheme In the extraordinary general meeting held on Particulars , 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. 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 " (ESOP B) was approved by the shareholders through postal ballot on options are covered under the scheme for shares. In the previous years, the Remuneration / Compensation Committee of the Company had granted Company. During the current year, the Remuneration / Compensation Committee in its meeting held on options under the ESOP B to few eligible employees of the and has granted and options respectively under the ESOP B to few eligible employees of the Company. The options allotted under ESOP B are convertible into equal number of equity shares. 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. The ESOP scheme titled " covered under the scheme for ESOP (Directors)" [ESOP (Directors)] was approved by the shareholders through postal ballot on equity shares. options are The Remuneration / Compensation Committee of the Company, had granted options under this scheme to few Directors of the Company. The shares covered by such options were equity shares. The vesting period of these options range over a period of years. The options may be exercised with in a period of Employee stock options details as on the Balance Sheet date are as follows: Particulars During the year ended 31 March 20X2 days from the date of vesting. During the year ended 31 March 20X1 Options (Numbers) 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 Weighted average exercise price per option Options (Numbers) Weighted average exercise price per option C)
  96. Name of the Company Notes formina Dart of the financial statements Note 31 Disclosures on Emolovee share based Davments (contd.) GN 6.13 Ref. No. Gn 48 Gn 48 Gn 51 Note f) 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: Particulars Net Profit / (loss) (as reported) For the year ended 31 March For the year ended 31 March 20X1 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) Basic earnings per share (proforma) Diluted earnings per share (as reported) Diluted earnin s er share roforma 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: Assum tions Risk Free Interest Rate Expected Life Expected Annual Volatility of Shares Ex ected Dividend Yield 31 March 20X2 31 March 20X1
  97. Ref No. Name of the Company Notes forming part of the financial statements Note 32 Previous ear's fi ures Note Particulars The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial 32 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. 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.

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