FORMAT OF FINANCIAL STATEMENTS OF COMPANY – SCHEDULE III

Commerce for IAS: Topic Company Final Accounts

FORMAT OF FINANCIAL STATEMENTS OF COMPANY AS PER SCHEDULE III, COMPANIES ACT 2013.

PART I — BALANCE SHEET

Name of the Company…………………….

Balance Sheet as at ………………………

(Rupees in…………)

ParticularsNote No.Figures as at the end of current reporting periodFigures as at the end of the previous reporting period
1234
  1. 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

TOTAL

  1. ASSETS

Non-current assets

(1)        (a) Fixed assets

(i) Tangible assets

(ii) Intangible assets

(iii) Capital work-in-progress

(iv) Intangible assets under

development

(b) Non-current investments

(c) Deferred tax assets (net)

(d) Long-term loans and advances

(e) Other non-current assets

(2) Current assets

(a) Current investments

(b) Inventories

(c) Trade receivables

(d) Cash and cash equivalents

(e) Short-term loans and advances

(f) Other current assets

                                         TOTAL

 

PART II – STATEMENT OF PROFIT AND LOSS

Name of the Company…………………….

Profit and loss statement for the year ended ………………………

(Rupees in…………)

ParticularsNote No.Figures as at the end of current reporting periodFigures as at the end of the previous reporting period
1234
IRevenue from operationsxxxxxx
IIOther incomexxxxxx
IIITotal Revenue (I + II)xxxxxx
IVExpenses:

Cost of materials consumed

 

Purchases of Stock-in-Trade

 

Changes in inventories of finished goods work-in-progress and Stock-in-Trade

 

Employee benefits expense Finance costs

 

Depreciation and amortization expense

 

Other expenses

 

Total expenses

 

Xxx

 

Xxx

 

Xxx

 

 

 

xxx

 

Xxx

 

Xxx

 

Xxx

 

 

 

Xxx

 

VProfit before exceptional and extraordinary items and tax (III – IV)xxxxxx
VIExceptional itemsxxxxxx
VIIProfit before extraordinary items and tax (V – VI)xxxxxx
VIIIExtraordinary itemsxxxxxx
IXProfit before tax (VII- VIII)xxxxxx
XTax expense:

(1) Current tax

(2) Deferred tax

 

Xxx

Xxx

 

Xxx

Xxx

XIProfit (Loss) for the period from continuing operations (VII-VIII)xxxxxx
XIIProfit/(loss) from discontinuing operationsxxxxxx
XIIITax expense of discontinuing operationsxxxxxx
XIVProfit/(loss) from Discontinuing operations (after tax) (XII-XIII)xxxxxx
XVProfit (Loss) for the period (XI + XIV)xxxxxx
XVIEarnings per equity share:

(1) Basic

(2) Diluted

 

Xxx

xxx

 

Xxx

xxx

 

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

(i) Contingent liabilities shall be classified as:

(a) Claims against the company not acknowledged as debt;

(b) Guarantees;

(c) Other money for which the company is contingently liable.

(ii) Commitments shall be classified as:

(a) Estimated amount of contracts remaining to be executed on capital

account and not provided for;

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

(c) Other commitments (specify nature).

 

~ Team – Commerce for IAS

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Optionally add an image (JPEG only)