In other words you may say that for financial year ended on March 31, 2012: Pursuant to revised format for disclosure of B/S under Schedule VI of the Companies Act, 1956, consequential amendments has been made to Clause 41 of the Listing Agreement regarding interim disclosure of financial results by listed entities to the stock exchanges.
This amendment has been made by the Securities and Exchange Board of India (SEBI) in its circular No. CIR/CFD/DIL/4/2012 dated April 16, 2012 issued in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992.
Thus all stock exchanges are advised to ensure compliance with this circular and carry out the amendments in their Listing Agreement as per the Annexure to this circular.
Authors Note: As we know that the Ministry of Corporate Affairs (MCA) has revised the format for disclosure of Balance Sheet under Schedule VI of the Companies Act, 1956 vide Notification dated February 28, 2011. However, format of Cash Flow Statement (CFS) has not been prescribed and therefore all those companies which are required to present CFS shall continue to prepare it as per AS-3 “Cash Flow Statements”. Remind that AS-3 is not applicable for Small and Medium sized Enterprises (SMEs).
All companies following Indian GAAP have to follow the revised Schedule VI as well as clause 41 unless and until they are required to follow International Financial Reporting Standards (IFRS) and converged Indian Accounting Standards (Ind. AS). Actually the revised Schedule just brings corporate disclosures closer to the international practices but does not adopt the international standards on disclosures in financial statements.
Amendment to the Listing Agreement
|
Annexure-I of Clause 41 shall be substituted with the following, viz.,
Format for submission of Unaudited / Audited financial results by companies other than Banks
PART-I of Annexure-I
Statement of Standalone / Consolidated Unaudited / Audited Results for the Quarter and _____ Months Ended dd/mm/yyyy OR for the Year Ended dd/mm/yyyy:
1) Income from operations
(a) Net sales/income from operations
(Net of excise duty)
(b) Other operating income
Total income from operations (net)
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) Depreciation and amortisation expense
(f) Other expenses (Any item exceeding 10% of the total expenses relating to continuing operations to be shown separately)
Total expenses
3) Profit / (Loss) from operations before other income, finance costs and exceptional items (1-2)
4) Other income
5) Profit / (Loss) from ordinary activities before finance costs and exceptional items (3 +/- 4)
6) Finance costs
7) Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5 +/- 6)
8) Exceptional items
9) Profit / (Loss) from ordinary activities before tax (7 +/- 8)
10) Tax expense
11) Net Profit / (Loss) from ordinary activities after tax (9 +/- 10)
12) Extraordinary items (net of tax expense Rs.____Lakhs)
13) Net Profit / (Loss) for the period (11 + 12)
14) Share of profit / (loss) of associates*
15) Minority interest *
16) Net Profit / (Loss) after taxes, minority interest and share of profit / (loss) of associates (13 + 14 + 15)*
17) Paid-up equity share capital (Face Value of the Share shall be indicated)
18) Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year
19.i) Earnings per share (before extraordinary items)
(of Rs. ___/- each) (not annualised):
(a) Basic
(b) Diluted
19.ii) Earnings per share (after extraordinary items)
(of Rs. ___/- each) (not annualised):
(a) Basic
(b) Diluted
See accompanying note to the financial results
* Applicable in the case of consolidated results.
Note: The classification / disclosure of items in the financial results shall be in accordance with the Revised Schedule VI of the Companies Act, 1956.
Further to the above, profit/loss from discontinuing operations, if any, included in the above shall be disclosed with details thereof.
PART-II of Annexure-I
A) PARTICULARS OF SHAREHOLDING
1) Public shareholding
- Number of shares
- Percentage of shareholding
2) Promoters and Promoter Group Shareholding **
a) Pledged / Encumbered
- Number of shares
- Percentage of shares (as a % of the total shareholding of promoter and promoter group)
- Percentage of shares (as a % of the total share capital of the company)
b) Non – encumbered
- Number of shares
- Percentage of shares (as a % of the total shareholding of the Promoter and Promoter group)
- Percentage of shares (as a % of the total share capital of the company)
B) INVESTOR COMPLAINTS
Pending at the beginning of the quarter
Received during the quarter
Disposed of during the quarter
Remaining unresolved at the end of the quarter
Annexure-IX
Annexure-IX of Clause 41 shall be substituted with the following, viz.,
A. EQUITY AND LIABILITIES
1) Shareholders’ funds
(a) Share capital
(b) Reserves and surplus
(c) Money received against share warrants
Sub-total - Shareholders' funds
2) Share application money pending allotment
3) Minority interest *
4) Non-current liabilities
(a) Long-term borrowings
(b) Deferred tax liabilities (net)
(c) Other long-term liabilities
(d) Long-term provisions
Sub-total - Non-current liabilities
5) Current liabilities
(a) Short-term borrowings
(b) Trade payables
(c) Other current liabilities
(d) Short-term provisions
Sub-total - Current liabilities
TOTAL - EQUITY AND LIABILITIES
B ASSETS
1 Non-current assets
(a) Fixed assets
(b) Goodwill on consolidation *
(c) Non-current investments
(d) Deferred tax assets (net)
(e) Long-term loans and advances
(f) Other non-current assets
Sub-total - 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
Sub-total - Current assets
TOTAL - ASSETS
|
Liked Us?
Bookmark or Share
with your friends. Moreover, if you don't want to miss our daily updates then you may Subscribe to AUBSP via
Email
|
Facebook
|
Twitter
| and
Google Plus
.
