Treatment of Various Items under Revised Schedule VI of the Companies Act, 1956
|
|
- Bathsheba Allen
- 7 years ago
- Views:
Transcription
1 Treatment of Various Items under Revised Schedule VI of the Companies Act, 1956 IMPORTANT NOTE Detail of each entry (item) in the Balance Sheet and Statement of Profit and Loss is to be given by way of note and only amount will appear against the entry in the Balance Sheet. For example: A company has issued both Equity Share Capital and Preference Share Capital. Amount for Equity Share Capital and Preference Share Capital will be shown separately in the Notes to Accounts for Share Capital and the total of will be shown as one amount against the entry (Share Capital) in the Balance Sheet. Share Capital: Share Capital is shown under the head Shareholders Fund. It is further sub-classified as following on the face of the balance sheet; - Share Capital - Reserves and Surplus - Money Received against Share Warrants. Following details to be disclosed under the Notes to Accounts. - Different class of Share Capital are shown separatelyin the Notes to Accounts. For example a company has issued 10,000, Equity Shares of 10 each and 5,000, 11%Preference Shares of 100 each. Both the shares are fully paid up. These two shares would be disclosed as two separate classes of shares. - Following further information for each class of shares is disclosed: o AuthorisedShare Capital; o Issued Share Capital; o Subscribed Share Capital. It is classified into Subscribed and fully paid; and Subscribed but not fully paid. - Par value of share is also disclosed. How Share capital is shown is explained in the following examples. Example 1: AB Ltd. has an authorised capital of 5,00,000 divided into 50,000 equity shares of 10 each. It issued 10,000 Equity Shares of 10 each at par. All the shares were subscribed for and the due amount was received. How will be Share Capital shown in the Balance Sheet of the company? Share Capital 1. 1,00,000
2 Notes to Account: Note 1: Share Capital EquityCapital 50,000 Equity Shares of 10 each 5,00,000 IssuedCapital 10,000 Equity Shares of 10 each 1,00,000 Subscribed and fully paid up 10,000 Equity Share of 10 each 1,00,000 Example 2: Grand Ltd. has an authorised capital of 5,00,000 divided into 30,000 equity shares of 10 each and 2,000 Preference Shares of 100 each. It issued 10,000 Equity shares and also 2,000 Preference Shares at par. All shares offered were subscribed for and the money was duly received except final call of 3 per equity shares on 500 shares. How will be Share Capital shown in the Balance Sheet of the company? Share Capital 1. 2,98,500 Notes to Accounts: Note 1: Share Capital Equity Capital 30,000 Equity Shares of 10 each 3,00,000 2,000 Preference Shares of 100 each 2,00,000 5,00,000 Issued Capital 10,000 Equity Shares of 10 each 1,00,000 2,000 Preference Shares of 100 each 2,00,000 3,00,000 Subscribed and fully paid up 9,500 Equity Shares of 10 each 95,000 2,000 Preference Shares of 100 each 2,00,000 2,95,000 Subscribed but not fully paid up 500, Equity Shares of 10 each 5,000 Less: Calls-in-Arrears 1,500 3,500 2,98,500
3 Example 3: Matrix Ltd. is registered with an authorised capital of 5,00,000 divided into 50,000 equity shares of 10 each. It issued 10,000 equity shares of 10 each at par. Final call of 2 per share was yet to be called. All shares offered were subscribed for and the money was duly received. How will be Share Capital shown in the Balance Sheet of the company? Share Capital 1. 80,000 Notes to Accounts Note 1 Share Capital Equity Capital 50,000 Equity Shares of 10 each 5,00,000 Issued Capital 10,000 Equity Shares of 10 each 1,00,000 Subscribed but not fully paid up Example 4: JBM Ltd. is registered with an authorised capital of 5,00,000 divided into 50,000 equity shares of 10 each. It issued 10,000 equity shares of 10 each at par. Calls were made of 8 per share. All shares offered were subscribed for and the money was duly received except final call of 3 on 500 shares. How will be Share Capital shown in the Balance Sheet of the company? Share Capital 1. 78,500
4 Note to Account Share Capital Equity Capital 50,000 Equity Shares of 10 each 5,00,000 Issued Capital 10,000 Equity Shares of 10 each 1,00,000 Subscribed but not fully paid up 10,000, Equity Shares of 10 each; 8 Called up 80,000 Less: Calls-in-Arrears 1,500 78,500 Example 5: M Ltd. has an authorised capital of 5,00,000 divided into 50,000 equity shares of 10 each. The company has existing issued and fully paid 15,000 shares of 10 each, which were issued as consideration for purchase of building. It further issued 10,000 equity shares of 10 each at par. The money called was 8 per share. All shares were subscribed for and the money was duly received except final call of 3 per share on 1,000 shares. How will be Share Capital shown in the Balance Sheet of the company? Share Capital 1. 2,27,000 Notes to Accounts Note 1: Share Capital 50,000 Equity shares of 10 each 5,00,000 Issued Capital 25,000 Equity Share of 10 each 2,50,000 Subscribed and Fully Paid up 15,000, Equity Shares of 10 each 1,50,000 (Above shares have been issued for consideration other than cash) Subscribed but not fully paid up 10,000, Equity Shares of 10 each; 8 Called up 80,000 Less: Calls-in-arrears 3,000 77,000 2,27,000 Example 6:
5 Casio Ltd. is registered with the capital: 1,00,000, Equity Shares of 10 each; and 50,000, 9% Preference Shares of 10 each. It issued 90,000 Equity Shares and 50,000, 9% Preference Shares for subscription. 85,000 Equity Shares were subscribed on which the company had called 8. It did not receive first call of 2 on 3,000 shares, out of which 2,000 allotted to Atul were forfeited. Out of the forfeited shares 1,500 shares were reissued at 6, 8 paid up. 9% Preference Shares were fully paid up. How will it be shown in balance sheet as per Revised Schedule VI? Share Capital 1. 11,77,000 Notes to Accounts Note 1: Share Capital 1,00,000 Equity shares of 10 each 10,00,000 Preference Share Capital 50,000, 9% Preference Shares of 10 each 5,00,000 15,00,000 Issued Capital 90,000 Equity Shares of 10 each 9,00,000 50,000, 9% Preference Shares of 10 each 5,00,000 14,00,000 Subscribed and Fully Paid up 50,000, 9% Preference Shares of 10 each 5,00,000 Subscribed and not Fully Paid up 84,500 Equity Shares of 8 each 6,76,000 Less: Calls in Arrears (1,000 Share 2) 2,000 6,74,000 Add: Forfeited Share Account 3,000 6,77,000 11,77,000 WRITING OFF OF PRELIMINARY EXPENSES, DISCOUNT ON ISSUE OF SHARES AND DICOUNT (LOSS) ON ISSUE OF DEBENTURES Preliminary Expenses and Deferred Revenue Expenditure is written off in the year in which they are incurred either from Securities Premium Reserve; or from the Statement of Profit and Loss. Discount on Issue of Shares and Share Issue Expenses It is written off either
6 (i) from Securities Premium Reserve (permitted u/s 78 of the Companies Act, 1956); or from the Statement of Profit and Loss over the period of 3 to 5 years. Revised Schedule VI requires that all assets shown in the Balance Sheet should be classified into Non current Assets and Current Assets. Accordingly, Discount on Issue of Shares or Share Issue Expenses not yet written off are to be classified as Non current Assets and Current Assets. Discount on Issue of Shares or Share Issue Expenses that shall be written off after 12 months of the date of Balance Sheet shall be shown as Other Non current Assets under Non current Assets and the amount to be written off within 12 months from the date of Balance Sheet shall be shown as Other Current Asset under Current Assets. Discount or Loss on Issue of Debenture It is written off either (i) from Securities Premium Reserve (permitted u/s 78 of the Companies Act, 1956); or from the Statement of Profit and Loss over the period of the loan i.e. Debenture. Revised Schedule VI requires that all assets shown in the Balance Sheet should be classified into Non current Assets and Current Assets. Accordingly, Discount on Issue of Shares or Share Issue Expenses not yet written off are to be classified as Non current Assets and Current Assets. Discount or Loss on Issue of Debentures that shall be written off after 12 months of the date of Balance Sheet shall be shown as Other Non current Assets under Non current Assets and the amount to be written off within 12 months from the date of Balance Sheet shall be shown as Other Current Asset under Current Assets. Current Assets: All assets are divided into Non-Current Assets and Current Assets. According to the Revised Schedule VI an asset shall be classified as current if it satisfies any one of the following criteria; 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 12 months after the reporting date or d. It is cash or cash equivalent unless it is restricted form being exchanged or used to settle a liability for at least 12 months after the reporting date. Non current Assets: All other assets shall be classified as non-current assets. Operating Cycle: Operating Cycle means the time between the acquisition of assets for processing and their realisation in cash or cash or cash equivalent. Current Assets required to be classified into the following categories on the face of the balance sheet: a. Current investments b. Inventories c. Trade receivables d. Cash and cash equivalents. e. Short-term loans and advances f. Other current assets
7 It is important to note that Inventory includes Raw Materials, Work in Progress, Finished Goods, Stock in Trade (Trading Goods), Store and Spares, Loose Tools. Appropriation of Profit: Appropriation is to be made through the Balance of Statement of Profit and Loss as follows; - Profit for the accounting period is transferred and added to the existing balance of Statement of Profit and Loss under Reserve and Surplus. - Thereafter appropriation for transfer to reserves and proposed dividend etc. is made as follows: Opening Balance Add: Profit (Loss) for the Year Less Appropriations to DDR Workmen Compensation Reserve Proposed Dividend Balance Xxx Let us take few examples for better understanding. Example 1: A company has an opening credit balance in Statement of Profit and Loss of 1,00,000. During the year, it earned a profit of 1,50,000. Questions: (i) How will it be shown in the Balance Sheet? What amount will be shown therein? 1. Balance of Statement of Profit and Loss will be shown under Reserves and Surplus. 2. The amount shown will be: Statement of Profit and Loss Balance Statement of Profit and Loss Opening 1,00,000 Add: Profit for the Period 1,50,000 Balance (to be shown in Balance Sheet) 2,50,000 Question 2: A company has a opening credit balance in Statement of Profit and Loss of 1,00,000. During the year, it incurred loss of 1,50,000. Questions: (i) How will you show the balance of Statement of Profit and Loss in the Balance Sheet? What amount will be shown therein?
8 1. Balance of Statement of Profit and Loss will be shown under Reserves and Surplus as a negative amount. 2. The amount shown will be: Statement of Profit and Loss Statement of Profit & Loss (Opening) 1,00,000 Add: Profit (Loss) for the Period (1,50,000) Balance (to be shown in Balance Sheet) (50,000) Example 3: A company has an opening debit balance in Statement of Profit and Loss of 1,00,000. During the year, it incurred a loss of 1,50,000. Questions: (i) How will you show the balance in Statement of Profit and Loss in financial statements? What amount will be shown therein? (i) Balance of Statement of Profit and Loss will be shown under Reserves and Surplus as a negative amount. The amount shown will be: Statement of Profit and Loss Statement of Profit & Loss (Opening) (1,00,000) Add: Profit (Loss) for the Period (1,50,000) Balance (to be shown in Balance Sheet) (2,50,000) Example 4: A company has a opening credit balance in Statement of Profit and Loss of 1,00,000. During the year, it earned a profit of 75,000. It decided to transfer 15,000 to Debenture Redemption Reserve (DRR) and also proposed to pay dividend of 25,000. Question: How will you show the appropriations in the financial statements? It will be shown in the Note on Reserves and Surplus as follows: Statement of Profit and Loss Statement of Profit & Loss (Opening) 1,00,000 Add: Profit (Loss) for the Period 75,000 Balance (to be shown in Balance Sheet) 1,75,000 Less: Appropriation Proposed Dividend 25,000 Transfer to DDR 15,000 40,000 Balance 1,35,000
9 Debenture Redemption Reserve Opening Balance Nil Transfer form Balance in Statement of Profit and Loss 15,000 Balance 15,000 Reserves and Surplus to be shown on the face of the Balance Sheet ( 1,35, ,000) i.e. 1,50,000 Current Liabilities Short term Provisions Proposed Dividend 25,000 Example 5: A company has opening credit balance in Statement of Profit and Loss of 1,00,000. During the year, it incurred loss of 1,50,000. It has an opening balance in Debenture Redemption Reserve of 60,000. Question: How will you show the two in the financial statements? Reserves and Surplus Debenture Redemption Reserve (DRR) Opening Balance 60,000 Statement of Profit and Loss Statement of Profit and Loss (Opening) 1,00,000 Add: Profit for the Period (1,50,000) Balance (10,000) Amount to be shown under Reserves and Surplus 10,000 Example 6: A company has opening debit balance in Statement of Profit and Loss of 1,00,000. During the year, it earned a profit of 3,00,000. It decided to transfer 50,000 to Debenture Redemption Reserve (DRR) and also proposed to pay dividend of 25,000. Question: How will you show them in the financial statements?
10 Reserves and Surplus Statement of Profit and Loss Statement of Profit and Loss (1,00,000) Add: Profit (Loss) for the Period 3,00,000 Balance 2,00,000 Less: Appropriations Transfer to DRR 50,000 Proposed Dividend 25,000 75,000 Balance Statement of Profit and Loss 1,25,000 Debentures Redemption Reserve (DRR) Opening Balance Nil Transfer from Statement of Profit and Loss 50,000 50,000 Balance Reserves and Surplus 1,75,000 Current Liabilities Short Term Provisions Proposed Dividend 25,000
COUNCIL FOR THE INDIAN SCHOOL CERTIFICATE EXAMINATIONS P-35,36, Sector VI, Pushp Vihar, New Delhi-110017 NEW DELHI ISC ACCOUNTS
COUNCIL FOR THE INDIAN SCHOOL CERTIFICATE EXAMINATIONS P-35,36, Sector VI, Pushp Vihar, New Delhi-110017 NEW DELHI ISC ACCOUNTS Guidelines pertaining to Revised Schedule VI of Part I & II of Companies
More informationWelcome to workshop on revised schedule VI. K. Chandra Sekhar Company Secretary Ace Designers Limited, Bangalore
Welcome to workshop on revised schedule VI K. Chandra Sekhar Company Secretary Ace Designers Limited, Bangalore 1 Relevant provisions Indian Companies Act, 1956 Rules Notifications Circulars Accounting
More informationProblems on Balance Sheet of a Company as per Revised Schedule III of the Companies Act 2013
Problems on Balance Sheet of a Company as per Revised Schedule III of the Companies Act 2013 FORMAT OF BALANCE SHEET BALANCE SHEET of.company Limited as on 31 st March. Particulars Note No. Amount (Rs.)
More informationCurrent Assets. Current Liabilities. Quick Assets or Liquid Assets. Current Liabilities. 1. Liquidity Ratios 1 Current Ratio Formula.
1. Liquidity Ratios 1 Current Ratio Current Assets Current Liabilities This ratio shows short-term financial soundness of the business. Higher ratio means better capacity to meet its current obligation.
More informationCHAPTER 1 SINGLE ENTRY SYSTEM
ACCOUNTANCY SECTION A QUESTION NUMBERS 1 10 TOTAL MARKS 16 CHAPTER 1 SINGLE ENTRY SYSTEM 1.What is Single Entry System of Book keeping? Accounting records which are not maintained according to double entry
More informationCONTENTS CHAPTER - 1 : FINANCIAL ACCOUNTING : AN OVERVIEW
CONTENTS CHAPTER - 1 : FINANCIAL ACCOUNTING : AN OVERVIEW Introduction ; Evolution of accounting; Meaning of book keeping; Definition of book keeping; Characteristics of book keeping; Process of book keeping;
More informationACCOUNTING FOR SHARE CAPITAL
CHAPTER 7 ACCOUNTING FOR SHARE CAPITAL (Share and Share Capital : Nature and types) A Company is an artificial person created by law, having separate entity with a perpetual succession and a common seal.
More informationNEW SCHEDULE VI (SECTION 221)
NEW SCHEDULE VI (SECTION 221) The Schedule VI has been revised by MCA and is applicable for all Balance Sheet made after 31st March, 2011. The Format has done away with earlier two options of format of
More informationEXERCISES LESSON 3 BALANCE SHEET
DEPARTAMENTO DE CONTABILIDAD Y ECONOMÍA FINANCIERA ESCUELA UNIVERSITARIA DE ESTUDIOS EMPRESARIALES FINANCIAL ACCOUNTING (DIPLOMATURA EN CIENCIAS EMPRESARIALES, 2º CURSO, GRUPO 5) 2008-2009 EXERCISES LESSON
More informationFORFEITURE OF SHARES
Forfeiture of Shares MODULE - 5 24 FORFEITURE OF SHARES In the previous lesson you have learnt about the shares and their issue by a Joint Stock Company. You have also learnt that generally the issue price
More informationAcompany form of organisation is the third stage
Accounting for Share Capital 1 LEARNING OBJECTIVES After studying this chapter, you will be able to : explain the basic nature of a joint stock company as a form of business organisation and the various
More informationAdmission of a Partner. Accounting Treatment of Goodwill
Admission of a Partner Meaning According to Section 31 of Indian Partnership Act 1932 "A Partner can be admitted only consent of all the Existing Partners." Adjustments required when a New Partner is Admitted
More informationCORPORATE ACCOUNTING
CORPORATE ACCOUNTING CORE COURSE BCom (2011 Admission) III SEMESTER UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION Calicut University P.O. Malappuram, Kerala, India 673 635 329 UNIVERSITY OF CALICUT
More informationAccounting for ESOP. IPCC Paper 5: Advanced Accounting Chapter 4. CA. Shruthi BN, Bangalore
Accounting for ESOP IPCC Paper 5: Advanced Accounting Chapter 4 CA. Shruthi BN, Bangalore Learning Objectives 1 After studying this unit, you will be able to learn the provisions of the Companies Act,
More informationCASH FLOW STATEMENT. MODULE - 6A Analysis of Financial Statements. Cash Flow Statement. Notes
MODULE - 6A Cash Flow Statement 30 CASH FLOW STATEMENT In the previous lesson, you have learnt various types of analysis of financial statements and its tools such as comparative statements, common size
More informationCorporations: Organization, Stock Transactions, and Dividends
C H A P T E R 13 Corporations: Organization, Stock Transactions, and Dividends Financial Accounting 14e Warren Reeve Duchac human/istock/360/getty Images Advantages and Disadvantages of the Corporate Form
More informationFALCON OIL & GAS LTD.
Interim Condensed Consolidated Financial Statements Three and Six Months Ended June 30, 2012 and 2011 (Presented in U.S. Dollars) Interim Condensed Consolidated Statements of Financial Position (Unaudited)
More informationSUPPLEMENT ON REVISED SCHEDULE VI
SUPPLEMENT ON REVISED SCHEDULE VI ICSI House, 22, Institutional Area, Lodi Road, New Delhi 110 003 Ph. : 45341000, 41504444 Fax : 24626727 E-mail : info@icsi.edu; Website : www.icsi.edu C O N T E N T S
More informationPaper F7. Financial Reporting. Wednesday 3 June 2015. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Financial Reporting Wednesday 3 June 2015 Time allowed Reading and planning: 15 minutes Writing: 3 hours This paper is divided into two sections: Section A ALL 20 questions
More informationBuyback of Shares. IPCC Paper 5: Advanced Accounting Chapter 4. CA. Shruthi BN, Bangalore
Buyback of Shares IPCC Paper 5: Advanced Accounting Chapter 4 CA. Shruthi BN, Bangalore Learning Objectives 1 After studying this unit, you will be able to learn the provisions of the Companies Act, 1956
More information(unaudited expressed in Canadian Dollars)
Condensed Consolidated Interim Financial Statements of CARGOJET INC. For the three month periods ended (unaudited expressed in Canadian Dollars) This page intentionally left blank Condensed Consolidated
More informationHOME PRODUCT CENTER PUBLIC COMPANY LIMITED BALANCE SHEETS AS AT DECEMBER 31, 2003 AND 2002
BALANCE SHEETS AS AT DECEMBER 31, 2003 AND 2002 Assets Note 2003 Baht 2002 Current assets Cash and cash equivalents 2 36,291,871.62 84,051,092.97 Accounts receivable - net 3 121,235,696.40 140,699,262.83
More informationInvestments and advances... 313,669
Consolidated Financial Statements of the Company The consolidated balance sheet, statement of income, and statement of equity of the Company are as follows. Please note the Company s consolidated financial
More information6. Show all your workings. icpar
CERTIFIED PUBLIC ACCOUNTANT FOUNDATION LEVEL 1 EXAMINATION F1.3: FINANCIAL ACCOUNTING MONDAY: 10 JUNE 2013 INSTRUCTIONS: 1. Time Allowed: 3 hours 15 minutes (15 minutes reading and 3 hours writing). 2.
More informationFINANCIAL DISCLOSURES FOR THE QUARTER ENDED JUNE 30, 2013
REGISTRATION NO 104: DATE OF REGISTRATION WITH IRDA : NOVEMBER 15, 2000 FINANCIAL DISCLOSURES FOR THE QUARTER ENDED JUNE 30, 2013 Form No Description Pages L-01 REVENUE ACCOUNT 2-5 L-02 PROFIT & LOSS ACCOUNT
More informationCork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours)
Cork Institute of Technology Bachelor of Business in Accounting Award Bachelor of Business in Management - Award Instructions Answer FOUR questions Answer all THREE questions in Section A and ONE question
More informationNotes to Consolidated Financial Statements Notes to Non-Consolidated Financial Statements
This document has been translated from the Japanese original for reference purposes only. In the event of discrepancy between this translated document and the Japanese original, the original shall prevail.
More informationFor our curriculum in Grade 12 we are going to use ratios to analyse the information available in the Income statement and the Balance sheet.
SUBJECT: ACCOUNTING GRADE 12 CHAPTER: COMPANIES LESSON: ANALYSIS AND INTERPRETATION-RATIOS LESSON OVERVIEW (KNOWLEDGE AREAS) LESSON 1. Introduction 2. Analysing of financial statements and its purpose
More informationCompany Accounts, Cost and Management Accounting
Company Accounts, Cost and Management Accounting Roll No : 1 : 262 Time allowed : 3 hours Maximum marks : 100 Total number of questions : 8 Total number of printed pages : 8 NOTE : All working notes should
More information(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None
Financial Statement for the Six Months Ended September 30, 2015 Name of listed company: Mipox Corporation Stock Code: 5381 (URL http://www.mipox.co.jp) Name and Title of Representative: Jun Watanabe, President
More informationUnit-I: Accounting for Partnership Firms
MONTHLY SYLLABUS SESSION-2016-17 CLASS-XII SUBJECT : ACCOUNTANCY MONTH April 2016 CONTENTS PART A: Accounting for Partnership Firms and Companies Partnership: Features, Partnership Deed. Provisions of
More informationConsolidated balance sheet
Consolidated balance sheet Non current assets 31/12/2009 31/12/2008 (*) 01/01/2008 (*) Property, plant and equipment 1,352 1,350 1,144 Investment property 7 11 11 Fixed assets held under concessions 13,089
More informationACCOUNTANCY CLASS XII DESIGN OF THE QUESTION PAPER
78 ACCOUNTANCY CLASS XII DESIGN OF THE QUESTION PAPER Times : 3Hours Maximum Marks 80 1. Weightage of Objectives S. NO. OBJECTIVES MARKS % OF MARKS 1. Knowledge 16 20% 2. Understanding 56 70% 3. Application
More informationAPPENDIX 1 The Statement of Financial Position
APPENDIX 1 The Statement of Financial Position 1. Assets: the resources of the organization which are used to provide service and generate value 2. Current assets: assets which can be converted to cash
More informationJones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements
Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2008 End date: 31st May 2009 Contents of the
More informationAssignment Problems For Chapter 3
Page 4 Assignment Problems For Chapter 3 (The solutions for these problems are only available in the solutions manual that has been provided to your instructor.) Assignment Problem Three - 1 (Purchase
More informationCONSOLIDATED STATEMENT OF INCOME
CONSOLIDATED STATEMENT OF INCOME 4 th quarter (a) 3 rd quarter 4 th quarter 2009 Sales 40,157 40,180 36,228 Excise taxes (4,397) (4,952) (4,933) Revenues from sales 35,760 35,228 31,295 Purchases, net
More informationThe Question Paper Design, Syllabus, Sample Question Paper. and. Marking Scheme. Accountancy (Code No.055) Class XII
The Question Paper Design, Syllabus, Sample Question Paper and Marking Scheme In Accountancy (Code No.055) Class XII Effective for Board Examination 2015 CENTRAL BOARD OF SECONDARY EDUCATION 1 SYLLABUS
More informationConsolidated Financial Statements (For the fiscal year ended March 31, 2013)
Consolidated Financial Statements (For the fiscal year ended ) Consolidated Balance Sheets Current assets: Cash and deposits Other Assets Notes receivable, accounts receivable from completed construction
More informationIndiabulls Housing Finance Limited (CIN: L65922DL2005PLC136029) Unaudited Consolidated Financial Results for the quarter and six months ended
Indiabulls Housing Finance Limited (CIN: L65922DL2005PLC136029) Unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2015 PART I Statement of Consolidated Unaudited
More informationRatio Analysis. A) Liquidity Ratio : - 1) Current ratio = Current asset Current Liability
A) Liquidity Ratio : - Ratio Analysis 1) Current ratio = Current asset Current Liability 2) Quick ratio or Acid Test ratio = Quick Asset Quick liability Quick Asset = Current Asset Stock Quick Liability
More informationDIRECTORS REPORT TO THE MEMBERS
DIRECTORS REPORT TO THE MEMBERS Your Directors present their Fifth Report together with the audited accounts of the Company for the year ended 31 st March, 2013. FINANCIAL HIGHLIGHTS For the year ended
More informationInvestments and advances... 344,499
Consolidated Financial Statements of the Company The consolidated balance sheet, statement of income, and statement of equity of the Company are as follows. Please note the Company s consolidated financial
More informationIndian Accounting Standard (Ind AS) 27. Consolidated and Separate Financial Statements
Indian Accounting Standard (Ind AS) 27 Consolidated and Separate Financial Statements Contents Paragraphs Scope 1-3 Definitions 4-8 Presentation of Consolidated Financial 9-11 Statements Scope of Consolidated
More informationRev Re i v sed e Scheduled VI Dhinal Shah Charte Chart re r d Accoun Accoun a t nt
Revised Scheduled VI Dhinal Shah Chartered Accountant Structure of Presentation Setting the Context Structure of Revised Schedule VI Key Changes Key Points Setting the Context Setting the Context Towards
More informationCONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2010 BANKERS PETROLEUM LTD. CONSOLIDATED BALANCE SHEETS (Unaudited, expressed in thousands of US dollars) ASSETS June 30 2010 December 31 2009 Current assets
More informationTRANSACTIONS ANALYSIS EXAMPLE. Maxwell Partners Medical Diagnostic Services report the following information for 2011, their first year of operations:
TRANSACTIONS ANALYSIS EXAMPLE Maxwell Partners Medical Diagnostic Services report the following information for 2011, their first year of operations: 1. Billings to clients for services provided: $350,000
More informationINTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting
www.xtremepapers.com INTERNATIONAL ACCOUNTING STANDARDS CIE Guidance for teachers of 7110 Principles of Accounts and 0452 Accounting 1 CONTENTS Introduction...3 Use of this document... 3 Users of financial
More informationAdvanced Financial Accounting
Advanced Financial Accounting Sample Paper 2 Questions & Suggested Solutions Page 1 of 27 INSTRUCTIONS TO CANDIDATES PLEASE READ CAREFULLY Candidates must indicate clearly whether they are answering the
More informationChapter. Statement of Cash Flows For Single Company
Chapter 4 Statement of Cash Flows For Single Company 4.1 Single company statement of cash flows Statement of cash flows are primary financial statements and are required along side the income statement
More informationConsolidated Balance Sheets March 31, 2001 and 2000
Financial Statements SEIKAGAKU CORPORATION AND CONSOLIDATED SUBSIDIARIES Consolidated Balance Sheets March 31, 2001 and 2000 Assets Current assets: Cash and cash equivalents... Short-term investments (Note
More informationPART III. Consolidated Financial Statements of Hitachi, Ltd. and Subsidiaries: Independent Auditors Report 47
PART III Item 17. Financial Statements Consolidated Financial Statements of Hitachi, Ltd. and Subsidiaries: Schedule: Page Number Independent Auditors Report 47 Consolidated Balance Sheets as of March
More informationConsolidated balance sheet
83 Consolidated balance sheet December 31 Non-current assets Goodwill 14 675.1 978.4 Other intangible assets 14 317.4 303.8 Property, plant, and equipment 15 530.7 492.0 Investment in associates 16 2.5
More informationWebcast on Revised Schedule VI. CA. Pankajj Goel
Webcast on Revised Schedule VI CA. Pankajj Goel Overview Background and Applicability Significant Features Major Changes Structure of Revised Schedule VI Form of Balance Sheet Statement of Profit and Loss
More informationCLASS XI CLASS XI SEMESTER I
CLASS XI Paper 3 Hours 0 Marks PERIODS MARKS PART A : FINANCIAL ACCOUNTING I Unit 1 : Introduction to Accounting Unit 2 : Theory Base of Accounting Unit 3 : Generation of Vouchers and Recording of Transactions
More information(1) Stock code : 8089 Description : Ordinary Shares. No. of ordinary shares. No. of ordinary shares
Monthly Return of Equity Issuer on Movements in Securities For the ended : 31/01/2016 To : Hong Kong Exchanges and Clearing Limited Name of Issuer Date Submitted 4 February 2016 Chinese Strategic Holdings
More informationWIPRO DOHA LLC FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31, 2016
WIPRO DOHA LLC FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31, 2016 WIPRO DOHA LLC BALANCE SHEET (Amount in ` except share and per share data, unless otherwise stated) As at March 31, 2016
More information1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets
1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets As of March 31,2014 As of March 31,2015 Assets Cash and due from banks 478,425 339,266 Call loans and bills bought 23,088 58,740 Monetary
More informationGROUP 1. BASIC FINANCING. 10. CAPITAL 100. Capital stock 103. Uncalled subscribed capital receivable 108. Treasury stock
GROUP 1. BASIC FINANCING 10. CAPITAL 100. Capital stock 103. Uncalled subscribed capital receivable 108. Treasury stock 11. RESERVES AND OTHER EQUITY INSTRUMENTS 110. Additional paid-in capital 111. Other
More informationCONSOLIDATED STATEMENTS OF OPERATIONS
CONSOLIDATED STATEMENTS OF OPERATIONS For the years ended December 31, (in millions of Canadian dollars except for per share amounts) 2015 2014 Revenue Premiums Gross $ 16,824 $ 15,499 Less: Ceded 6,429
More informationConsolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014)
Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) 28/4/2014 Name of registrant: ShinMaywa Industries, Ltd. Stock Exchange Listed: Tokyo Code number: 7224 (URL: http://www.shinmaywa.co.jp
More informationACCOUNTANCY (CLASSES XI-XII)
ACCOUNTANCY (CLASSES XI-XII) Rationale 136 The course in Accountancy is introduced at + 2 stage of Senior education, as mal commerce education is provided after first ten years of schooling. With the fast
More informationCEMATRIX CORPORATION Consolidated Financial Statements (in Canadian dollars) September 30, 2015
Consolidated Financial Statements September 30, 2015 Management s Responsibility for Financial Reporting and Notice of No Auditor Review of the Interim Consolidated Financial Statements for the Three and
More informationRENOUNCEABLE RIGHTS ISSUE, BRIDGING LOAN FACILITY, and APPENDIX 4C Gage Roads Brewing Co Limited (ASX Code: GRB)
31 October 2008 Company Announcements Office Australian Stock Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000 RENOUNCEABLE RIGHTS ISSUE, BRIDGING LOAN FACILITY, and APPENDIX 4C Gage Roads Brewing
More informationThe Statement of Cash Flows Direct Method
23 The Statement of Cash Flows Direct Method DEMONSTRATION PROBLEM The financial statements of Bolero Corporation follow. Copyright Houghton Mifflin Company. All rights reserved. 1 Bolero Corporation Income
More informationCONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in Canadian Dollar) and 2007 Index Balance Sheets Statements of Operations, Comprehensive Loss and Deficit Statements of Cash Flows Notes to Financial
More informationSIMPLIFIED CONSOLIDATED BALANCE SHEET PROFIT AND LOSS ACCOUNT
SIMPLIFIED CONSOLIDATED BALANCE SHEET PROFIT AND LOSS ACCOUNT SIMPLIFIED CONSOLIDATED BALANCE SHEET ASSETS in thousand euro Year 2002 A. SUBSCRIBED CAPITAL UNPAID 0 0 of which called-up capital ( 0 ) B.
More informationNotes to Consolidated Financial Statements Notes to Non-consolidated Financial Statements
This document has been translated from the Japanese original for reference purposes only. In the event of discrepancy between this translated document and the Japanese original, the original shall prevail.
More informationAccounting Principles
Accounting Principles STUDENT STUDY PACK PRBA001 Accounting Principles All rights reserved Revision 1 Contents Week 8: Companies: Share Capital and the Balance Sheet...3 Learning outcomes for this week...3
More informationEXPLANATORY NOTES. 1. Summary of accounting policies
1. Summary of accounting policies Reporting Entity Taranaki Regional Council is a regional local authority governed by the Local Government Act 2002. The Taranaki Regional Council group (TRC) consists
More informationPaper F7 (INT) Financial Reporting (International) Tuesday 14 June 2011. Fundamentals Level Skills Module
Fundamentals Level Skills Module Financial Reporting (International) Tuesday 14 June 2011 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted.
More informationMITSUI SUMITOMO INSURANCE COMPANY, LIMITED AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006
CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006 2005 2006 ASSETS Investments - other than investments in affiliates: Securities available for sale: Fixed maturities, at fair value 3,043,851 3,193,503
More information! "#$ %&!& "& ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& "#$ ) &!&.
! "#!""#$%$#$#$"& $'"()*+,$-).,/ 012! "#$ %&!& "& '!(&)!*&%+,-).//0 -#$#3-4' &,'1$1# $!-!(.//0)& +01+///2 *&& - 3+4 &*!&-.,,5///2!(.//+ &!(!-6%(!(.//.$(!(.//0)& 01,///2 //+2% &*!&- 5,0///2 //32%!(.//+
More informationMATRIX IT LTD. AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2013 CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2013 NIS IN THOUSANDS INDEX Page Auditors' Reports 2-4 Consolidated Statements of Financial
More informationBrief Report on Closing of Accounts (connection) for the Term Ended March 31, 2007
MARUHAN Co., Ltd. Brief Report on Closing of (connection) for the Term Ended March 31, 2007 (Amounts less than 1 million yen omitted) 1.Business Results for the term ended on March, 2007 (From April 1,
More informationTOTAL 567.16 2,605.14 470.70 2,072.21
Balance Sheet - - - - Laboratorios Torrent, S.A. de C.V. As at As at As at As at Notes EQUITY AND LIABILITIES Shareholder's funds Share capital 1 747.41 3,433.08 747.41 3,290.40 Reserves and surplus 2
More informationSunora Foods Inc. Condensed Interim Consolidated Financial Statements For the three months ended March 31, 2016 (unaudited)
Condensed Interim Consolidated Financial Statements For the three months ended March 31, 2016 (unaudited) 1 Consolidated Balance Sheet (audited) March 31, December 31, Assets 2016 2015 Current assets Cash
More informationNEPAL ACCOUNTING STANDARDS ON PRESENTATION OF FINANCIAL STATEMENTS
NAS 01 NEPAL ACCOUNTING STANDARDS ON PRESENTATION OF FINANCIAL STATEMENTS CONTENTS Paragraphs OBJECTIVE SCOPE 1-4 PURPOSE OF FINANCIAL STATEMENTS 5 Responsibility for financial statements 6 Components
More informationConsolidated Interim Earnings Report
Consolidated Interim Earnings Report For the Six Months Ended 30th September, 2003 23th Octorber, 2003 Hitachi Capital Corporation These financial statements were prepared for the interim earnings release
More informationAbbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007
Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007 The Board of Abbey plc reports a profit before taxation of 18.20m which compares with a profit of 22.57m for
More informationShare Based Payments CHAPTER 7
CHAPTER 7 Share Based Payments BASIC CONCEPTS Share based payments cover all forms of share-based payment for goods and services supplied to the reporting entity, including: employee share or share option
More information1. The primary forms of business organization are the proprietorship, the partnership, and the corporation.
Chapter 15 Stockholders Equity: Contributed Capital LECTURE OUTLINE This material in this chapter is straight-forward and can be covered in one or two class sessions. Treasury stock transactions under
More informationAccounting Standard (AS) 14 Accounting for Amalgamations. IPCC Paper 1 Accounting,Chapter 1 CA.Karan Chopra
Accounting Standard (AS) 14 Accounting for Amalgamations IPCC Paper 1 Accounting,Chapter 1 CA.Karan Chopra Agenda Introduction Definitions Types of Amalgamation Amalgamation in the Nature of Merger Amalgamation
More informationSAMPLE QUESTION PAPER IN ACCOUNTANCY. Time: Three Hours Maximum Marks: 100
SAMPLE QUESTION PAPER IN ACCOUNTANCY Time: Three Hours Maximum Marks: 100 Note: The question paper is divided into two sections A and B. Attempt all questions of Section A and any one question of Section
More informationHARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013
HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS
More informationDIRECTORS REPORT TO THE MEMBERS
DIRECTORS REPORT TO THE MEMBERS Your Directors present their Fourth Report together with the audited accounts of the Company for the year ended 31 st March, 2013. FINANCIAL HIGHLIGHTS Particulars For the
More information3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS
3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS (1) Consolidated Quarterly Balance Sheets September 30, 2014 and March 31, 2014 Supplementary Information 2Q FY March 2015 March 31, 2014 September 30, 2014
More informationInsurance Broker Guidance Notes
Balance Sheet Liabilities 1. Other liabilities include items below: 1.1. Borrowings refers to the amount outstanding including accrued interest in respect of any overdraft arrangements or loans taken by
More informationSUPPLEMENT ON REVISED SCHEDULE VI
SUPPLEMENT ON REVISED SCHEDULE VI TABLE OF CONTENTS Contents Page no. Introduction to Revised Schedule VI 3 Comparative analysis between Revised and old Schedule VI 6 Format of Revised Schedule VI 9 Supplement
More informationBALANCE SHEET CONSOLIDATED AS AT MARCH 31,2012
56 IDFC ANNUAL REPORT 2011 12 BALANCE SHEET CONSOLIDATED AS AT MARCH 31,2012 (` in crore) NOTES AS AT EQUITY AND LIABILITIES Shareholders funds (a) Share capital 6 1,512.36 2,300.95 (b) Reserves and surplus
More informationCOMPONENTS OF THE STATEMENT OF CASH FLOWS
ILLUSTRATION 24-1 OPERATING, INVESTING, AND FINANCING ACTIVITIES COMPONENTS OF THE STATEMENT OF CASH FLOWS CASH FLOWS FROM OPERATING ACTIVITIES + Sales and Service Revenue Received Cost of Sales Paid Selling
More informationInterim Financial Statements. Opsens Inc. (after merger) Three-month period ended November 30, 2006
Interim Financial Statements Opsens Inc. (after merger) Three-month period ended Interim Financial Statements Three-month period ended Notice These interim financial statements have not been reviewed by
More informationNone of the Directors had an interest in the shares of the company at any time during the year.
EMAMI BANGLADESH LIMITED DIRECTORS REPORT FOR THE PERIOD 01 st APRIL 2014 TO 31 st MARCH 2015 The directors present their report and the financial statements for the period 1 st April 2014 to 31 st March
More informationCA CPT SAMPLE PAPER FUNDAMENTAL ACCOUNTING (60MARKS)
CA CPT SAMPLE PAPER FUNDAMENTAL ACCOUNTING (60MARKS) 1. Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable? (a)
More informationChapter 19 Share Based Compensation and Earnings Per Share
SHARE-BASED COMPENSATION PLANS In accounting for stock-based compensation plans our objective is to: 1. Determine the value of the compensation, and 2. Expense the compensation over the periods in which
More informationJones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements
Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2009 End date: 31st May 2010 Contents of the
More information16 BUSINESS ACCOUNTING STANDARD CONSOLIDATED FINANCIAL STATEMENTS AND INVESTMENTS IN SUBSIDIARIES I. GENERAL PROVISIONS
APPROVED by Resolution No. 10 of 10 December 2003 of the Standards Board of the Public Establishment the Institute of Accounting of the Republic of Lithuania 16 BUSINESS ACCOUNTING STANDARD CONSOLIDATED
More informationConsolidated Financial Results for Six Months Ended September 30, 2007
Consolidated Financial Results for Six Months Ended September 30, 2007 SOHGO SECURITY SERVICES CO., LTD (URL http://ir.alsok.co.jp/english) (Code No.:2331, TSE 1 st Sec.) Representative: Atsushi Murai,
More informationCorporations: Organization, Stock Transactions, and Dividends
C H A P T E R 11 Corporations: Organization, Stock Transactions, and Dividends Corporate Financial Accounting 13e Warren Reeve Duchac human/istock/360/getty Images Characteristics of a Corporation (slide
More information