Financial Reporting, Statements and Analysis

Financial Reporting, Statements and Analysis

Financial Reporting, Statements and Analysis Module 3 FRSA Module 3 2019-20 SV/GS/PSR/SKK Module 3 Preparation & Presentation of Company Final Accounts Company Final Accounts as per Schedule 3 Preparation of Income Statement Along with Notes Preparation of Balance Sheet Along with Notes FRSA Module 3 2019-20

SV/GS/PSR/SKK Preparation & Presentation of Company Final Accounts Section 129 of the Companies Act 2013 governs the preparation and presentation of financial statements of the company. (1) The financial statements shall give a true and fair view of the state of affairs of the company or companies, comply with the accounting standards notified under section 133 & classes of companies in Schedule III. According to Accounting Standards Apply to Companies, Insurance and Banking Companies, Generation & Supply of Power Supply (2) At every annual general meeting of a company, the Board of Directors of the company shall lay before such meeting financial statements for the financial year. (3) Where a company has one or more subsidiaries, it shall, in addition to financial statements provided under sub-section (2), prepare a consolidated financial statement of the company FRSA Module 3 2019-20

SV/GS/PSR/SKK SCHEDULE III OF THE COMPANIES ACT, 2013 According to Section 129 of the Companies Act 2013, all the companies registered under this Act will have to present its financial statements in Schedule III of the Act. It has several new features like: A vertical format for presentation of balance sheet with classification of Balance Sheet items into current and non-current categories. A vertical format of Statement of Profit and Loss with classification of expenses based on nature. Elimination the concept of Schedules and such information is now to be furnished in terms of Notes to Accounts. It does not contain any specific disclosure for items included in Schedule VI under the head, Miscellaneous Expenditure FRSA Module 3 2019-20 SV/GS/PSR/SKK

Component of financial Statement FRSA Module 3 2019-20 SV/GS/PSR/SKK Preparation & Presentation of Company Final Accounts Applicability: As per Section 129 of the company Act,2013, the Schedule III is applicable from 01.04.2014. FRSA Module 3 2019-20 SV/GS/PSR/SKK STATEMENT OF PROFIT AND LOSS

Part II Name of the Company: Profit and Loss Statement for the year ended: (` in ..) S.No Particulars I Revenue from Operations II Other Income III Total Revenue (I+II)

Note No. Amount (Rs.) 0 Expenses: Cost of Materials Consumed Purchases of Stock-In-Trade Changes in Inventories of Finished Goods / Work- inprogress and Stock-In-Trade IV Employee Benefits Expense Finance Costs Depreciation and Amortization Expense Other Expenses FRSA Module 3 2019-20

Total Expenses 0 SV/GS/PSR/SKK STATEMENT OF PROFIT AND LOSS Part II Name of the Company: Profit and Loss Statement for the year ended: (` in ..) S.No Particulars V

Profit before Exceptional & Extraordinary Items and Tax (III IV) VI VII VIII FRSA Module 3 2019-20 Exceptional Items Profit before Tax (V-VI) Tax Expenses: (1) Current Tax (2) Deferred Tax IX Profit / (Loss) for the period (VII-VIII)

X Earnings per Equity Share: (1) Basic (2) Diluted Note No. Amount (Rs.) 0 0 0 SV/GS/PSR/SKK

STATEMENT OF PROFIT AND LOSS - Notes FRSA Module 3 2019-20 SV/GS/PSR/SKK STATEMENT OF PROFIT AND LOSS - Notes FRSA Module 3 2019-20 SV/GS/PSR/SKK STATEMENT OF PROFIT AND LOSS - Notes FRSA Module 3 2019-20

SV/GS/PSR/SKK STATEMENT OF PROFIT AND LOSS - Notes FRSA Module 3 2019-20 SV/GS/PSR/SKK STATEMENT OF PROFIT AND LOSS - Notes FRSA Module 3 2019-20 SV/GS/PSR/SKK

Balance Sheet Part I Name of the Company: Balance Sheet for the year ended:.. (` in ..) Particulars I. EQUITY AND LIABILITIES (1) Shareholders funds (a) Share capital (b) Reserves and surplus (c) Money received against share warrants (yet to be allotted) (2) Share application money pending allotment (3) Non-current liabilities (a) Long-term borrowings (b) Deferred tax liabilities (Net) - Provision for Future Taxation (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 TOTAL Note No. Figures for the Current Reporting Period Figures for the Previous Reporting Period Balance Sheet

II. ASSETS (1) Non-current assets (a) Fixed assets (i) Tangible assets (ii) Intangible assets (iii) Capital work-in-progress ( expenses incurred for the generation of an asset before the balance sheet date) (iv) Intangible assets under development (Developing formula/designing products) (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 TOTAL

FRSA Module 3 2019-20 SV/GS/PSR/SKK Balance Sheet - Notes Note 1: Shareholders' Funds Authorised Capital (. Shares of Rseach) Issued Capital (. Shares of Rseach) Subscribed Capital (. Shares of Rseach) Less: Calls unpaid Add: Forfeited Shares (Confiscated Shares not fulfil the allotment requirement) Shares at the Beginning of the Year Add: Shares issued on right/preferential basis Add: Bonus Shares Add: Employee Stock options Less: Buy back of Shares

Shares at the End of the year FRSA Module 3 2019-20 SV/GS/PSR/SKK Balance Sheet - Notes Note 2: Reserves and Surplus Capital Reserve Capital Redemption Reserve Debenture Redemption Reserve Securities Premium Reserve Share Options Outstanding Account (To Employees) Revaluation Reserve Other Reserves General Reserves, Dividend Equalisation Reserve, Reserve for Bad debts Surplus i.e. Balance in Statement of Profit & Loss

Opening Balance Add: Profit for the period Less: Transfer to Reserve Less: Used for Bonus Shares Less: Interim Dividend Less: Proposed Preference Dividend and Equity Dividend Less: Dividend Distribution Tax Less: Loss for the Period Closing Balance FRSA Module 3 2019-20 SV/GS/PSR/SKK Balance Sheet - Notes Note 3: Long-Term Borrowings Bonds/Debentures

Term Loans from Banks or Other parties Deferred (postponed) payment liabilities Deposits Loans and Advances from related parties Long-term Maturities of Finance Lease Obligations Other Loans and Advances FRSA Module 3 2019-20 SV/GS/PSR/SKK Balance Sheet - Notes FRSA Module 3 2019-20 SV/GS/PSR/SKK

Balance Sheet - Notes Note 6: Other Current Liabilities Current Maturities of Long-term Debt and Finance Lease Obligations Interest accrued but not due on Borrowings Interest accrued and due on Borrowings Income Received in advance Bank Overdraft Outstanding Expenses Calls-in-Advance Unpaid Dividends Other Payables FRSA Module 3 2019-20 SV/GS/PSR/SKK

Balance Sheet - Notes Note 7: Short-Term Provisions Provision for Employees' Benefit/Income Tax/Dividend Distribution Tax Proposed Equity Dividend/Preference Dividend Note 8: Tangible Assets Land & Building Plant & Equipment Furniture and Fixtures Vehicles Office Equipments Assets under Lease Others FRSA Module 3 2019-20 SV/GS/PSR/SKK

Balance Sheet - Notes Note 9: Intangible Assets Goodwill Brands Trademarks Computer Software Mining Rights Copy rights and Patents Licenses and Franchise Recipes, formulae, models, designs and prototypes Others FRSA Module 3 2019-20 SV/GS/PSR/SKK

Balance Sheet - Notes Note 10: Non-Current Investments Investment in Property Investments in Equity Instruments/Debentures/Bonds/ Mutual Funds/Partnership Firms Investments in Preference Shares/Government/Trust Securities Other Non-Current Investments Note 11: Current Assets A. Current Investments B. Inventories C. Trade Receivables D. Cash and Cash Equivalents (Cash and Bank Balances) E. Short-Term Loans and Advances F. Other Current Assets (Prepaid Expenses) FRSA Module 3 2019-20

SV/GS/PSR/SKK

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