Applicability of Revised Schedule VI

As per the Government Notification no. F.No.2/6/2008-C.L-V dated 30-3-2011, the Revised Schedule VI is applicable for the Balance Sheet and Profit and Loss Account to be prepared for the financial year commencing on or after April 1, 2011. In case of Insurance and Banking Companies: The requirements of the Revised Schedule VI however, do not apply to companies as referred to in the proviso to Section 211 (1) and Section 211 (2) of the Act, i.e., any insurance or banking company, or any company engaged in the generation or supply of electricity or to any other class of company for which a form of Balance Sheet and Profit and Loss account has been specified in or under any other Act governing such class of company. It may be clarified that for companies engaged in the generation and supply of electricity, however, neither the Electricity Act, 2003, nor the rules framed thereunder, prescribe any specific format for presentation of Financial Statements by an electricity company. Section 616(c) of the Companies Act states that the Companies Act will apply to electricity companies, to the extent it is not contrary to the requirements of the Electricity Act. Keeping this in view, Revised Schedule VI may be followed by such companies till the time any other format is prescribed by the relevant statute. Early adoption of the Revised Schedule VI is not permitted since Schedule VI is a statutory format. Corresponding Figures The Revised Schedule VI requires that except in the case of the first Financial Statements laid before the company after incorporation, the corresponding amounts for the immediately preceding period are to be disclosed in the Financial Statements including the Notes to Accounts. Accordingly, corresponding information will have to be presented starting from the first year of application of the Revised Schedule VI. Thus for the Financial Statements prepared for the year 2011-12 (1st April 2011 to 31st March 2012), corresponding amounts need to be given for the financial year 2010-11. Applicability of the Revised Schedule VI format to Interim Financial Statements Applicability of the Revised Schedule VI format to interim Financial Statements prepared by companies in the first year of application of the Schedule: Relevant paragraphs of AS-25 Interim Financial Reporting are quoted below: 10. If an enterprise prepares and presents a complete set of Financial Statements in its interim financial report, the form and content of those statements should conform to the requirements as applicable to annual complete set of Financial Statements. 11. If an enterprise prepares and presents a set of condensed Financial Statements in its interim financial report, those condensed statements should include, at a minimum, each of the headings and sub-headings that were included in its most recent annual Financial Statements and the selected explanatory notes as required by this Statement. Additional line items or notes should be included if Accordingly, if a company is presenting condensed interim Financial Statements, its format should conform to that used in the companys most recent annual Financial Statements, i.e., the Old Schedule VI. However, if it presents a complete set of Financial Statements, it should use the Revised Schedule VI, i.e., the new format applicable to annual Financial Statements

Clauses 41(I)(ea) and 41(I)(eaa) to the Listing Agreement regarding presentation of Balance Sheet items in half-yearly and annual audited results, respectively states as under: (ea) As a part of its audited or unaudited financial results for the half-year, the company shall also submit by way of a note, a statement of assets and liabilities as at the end of the half-year. (eaa) However, when a company opts to submit un-audited financial results for the last quarter of the financial year, it shall, submit a statement of assets and liabilities as at the end of the financial year only along with the audited financial results for the entire financial year, as soon as they are approved by the Board. Further, Clause 41(V)(h) regarding format of Balance Sheet items states as under: (h) Disclosure of Balance Sheet items as per items (ea) shall be in the format specified in Annexure IX drawn from Schedule VI of the Companies Act, or its equivalent formats in other statutes, as applicable. Based on the above: (a) For Half yearly results: Though the requirement in clause 41(V)(h) makes a reference to the Schedule VI for the presentation of Balance Sheet items, in case of half-yearly results of a company, it has prescribed a specific format for the purpose. Hence, till the time a new format is prescribed by the Securities and Exchange Board of India (SEBI) under Clause 41, companies will have to continue to presentAnnual audited yearly results: Clause 41(V)the format currently specified by for the purposes (b) For their half-yearly Balance Sheets based on (h) does not refer to any format the SEBI. of annual statement of assets and liabilities. Since companies have to prepare their annual Financial Statements in the Revised Schedule VI format, companies should use the same format of Revised Schedule VI for submission to stock exchanges as well. The formats of the Balance Sheet and Statement of Profit and Loss prescribed under the SEBI (Issue of Capital & Disclosure Requirements) Regulations 2009 (ICDR Regulations) is inconsistent with the format of the Balance Sheet/ Statement of Profit and Loss in the Revised Schedule VI. However, the formats of Balance Sheet and Statement of Profit and Loss under ICDR Regulations are illustrative formats. Accordingly, to make the data comparable and meaningful for users, companies should use the Revised Schedule VI format to present the restated financial information for inclusion in the offer document. Consequently, among other things, this will involve classification of assets and liabilities Attention is also invited to the General Circular no 62/2011 dated 5th September 2011 issued by the Ministry of Company Affairs which clarifies that the presentation of Financial Statements for the limited purpose of IPO/FPO during the financial year 2011-12 may be made in the format of the prerevised Schedule VI under the Companies Act, 1956. However, for period beyond 31st March 2012, they would prepare only in the new format as prescribed by the present Schedule VI of the Companies Act, 1956'

Points to be noted
The Revised Schedule VI clarifies that the requirements mentioned therein for disclosure on the face of the Financial Statements or in the notes are minimum requirements. Line items, sub-line items and sub-totals can be presented as an addition or substitution on the face of the Financial Statements when such presentation is relevant for understanding of the companys financial position and /or performance. Though not specifically required by the Revised Schedule VI, disclosures mandated by other Acts or legal requirements will have to be made in the Financial Statements. For example, The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 requires specified disclosures to be made in the annual Financial Statements of the buyer wherever such Financial Statements are required to be audited under any law. Accordingly, such disclosures will have to be made in the buyer companys annual Financial Statements. The above principle would apply to disclosures required by other legal requirements as well such as, disclosures required under Clause 32 to the Listing Agreement, etc. A further extension of the above principle also means that specific disclosures required by various pronouncements of regulatory bodies such as the ICAI announcement for disclosures on derivatives and unhedged foreign currency exposures, and other disclosure requirements prescribed by various ICAI Guidance Notes, such as Guidance Note on Employee Share-based Payments, etc. should continue to be made in the Financial Statements in addition to the disclosures specified by the Revised Schedule VI.

Foreword & Approach in the Preparation of this document

Foreword
The accompanying worksheets provide a detailed comparison of the provisions of Revised Schedule VI to the Companies Act, 1956 and the provisions as per the Old Schedule VI to the Companies Act, 1956 The Provisions of the Revised Schedule VI have been incorporated in an excel sheet and hyperlinks have been created for ready reference and ease of use. It is essential to go through the 'General Instructions for Preparation of Balance Sheet and Profit and Loss Account'.

Approach Used
Separate worksheets for each line items of Balance Sheet and Profit & Loss Account have been prepared for clarity in understanding All the new insertions are written in Bold font New insertions / amendments which are very critical for the preparation and presentation of Financial Statements are highlighted in Blue. Detailed provisions as per Revised Schedule VI have been stated with Remarks to indicate the amendments / insertions in comparison with Old Schedule VI Illustrative Disclosures in the Notes to Accounts have been prepared in tabular form / in the form of schedules which can be used for preparation of Financial Statements in accordance with the Revised Schedule VI

Wherever the requirements of the Revised Schedule VI are more descriptive in nature, appropriate disclosure are to be inserted by the Management. To indicate the same -"appropriate disclosures to comply with this point to be made by the management" has been given at relevant places In case of Balance Sheet items, provisions as per Old Schedule VI are also stated with Remarks below the 'Illustrative disclosures' to indicate the amendments / insertions / deletions in comparison with Revised Schedule VI In case of Statement of Profit & Loss , detailed comparison of the provisions of Revised Schedule VI and the provisions as per Old Schedule VI have been provided in a separate sheet

Haribhakti & Co.

Sr No.

GENERAL INSTURCTIONS FOR PREPARATION OF BALANCE SHEET AND STATEMENT OF PROFIT AND LOSS OF A COMPANY
Where compliance with the requirements of the Act including Accounting Standards as applicable to the companies require any change in treatment or disclosure including addition, amendment, substitution or deletion in the head/sub-head or any changes interse, 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.

2 The disclosure requirements specified in Part I and Part II 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 shall be made in the notes to accounts in addition to the requirements set out in this Schedule. 3 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 recognized 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 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. 4 Depending upon the turnover of the company, the figures appearing in the Financial Statements may be rounded off as below: Turnover Rounding off (i) less than one hundred crore rupees (ii) one hundred crore rupees or more 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 uniformly in the Financial Statements. 5 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 purpose of this Schedule, the terms used herein shall be as per the applicable Accounting Standards.

6 Sr No. 1

GENERAL INSTURCTIONS FOR PREPARATION OF BALANCE SHEET

An asset shall be classified as current when it satisfies any of the following criteria: (a) it is expected to be realized in, or is intended for sale or consumption in, the companys normal operating cycle; (b) it is held primarily for the purpose of being traded; (c) it is expected to be realized 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 realization in cash or cash equivalents. Where the normal operating cycle cannot be identified, it is assumed to have a duration of 12 months.

Haribhakti & Co.

A liability shall be classified as current when it satisfies any of the following criteria: (a) it is expected to be settled in the companys 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.

Sr No. 1

GENERAL INSTURCTIONS FOR PREPARATION OF STATEMENT OF PROFIT AND LOSS

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.

Haribhakti & Co.

PART I Form of BALANCE SHEET Notes : 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 companys 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 or under the Accounting Standards. Name of the Company. Balance Sheet as at Note No. 2 Figures as at the end of current reporting period 3 ( ` in) Figures as at the end of previous reporting period 4

Particulars 1 I. 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 II. 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

Haribhakti & Co.

PART II - Form of STATEMENT OF PROFIT AND LOSS Notes : 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 companys 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 or under the Accounting Standards. Name of the Company. Profit and loss statement for the year ended Refer Figures for the Note No. current reporting period ( ` in) Figures for the previous reporting period

Particulars

I. Revenue From Operations In respect of a company other than a finance company: Sale of products Sale of services Other operating revenues Less: Excise duty OR In respect of a finance company: Interest Other Financial Services II. Other income III. Total Revenue (I + II) IV. Expenses: Cost of materials consumed Internally manufactured intermediates or components consumed Purchases of Stock-in-Trade Changes in inventories of finished goods work-inprogress and Stock-in-Trade Employee benefits expense Finance costs Depreciation and amortization expense Other expenses Total expenses Profit before exceptional and extraordinary items and V. tax (III-IV) VI. Exceptional items VII. Profit before extraordinary items and tax (V - VI) VIII. Extraordinary Items IX. Profit before tax (VII- VIII) X Tax expense: (1) Current tax (2) Deferred tax

Haribhakti & Co.

Profit (Loss) for the period from continuing operations XI (VII-VIII) XII Profit/(loss) from discontinuing operations XIII Tax expense of discontinuing operations Profit/(loss) from Discontinuing operations (after tax) XIV (XII-XIII) XV Profit (Loss) for the period (XI + XIV) XVI Earnings per equity share: (1) Basic (2) Diluted

Haribhakti & Co.

Revised Schedule VI
As per Point No. 6A of General Instructions for Preparation of Balance Sheet
Remark / Illustrative Disclosure

Share Capital For each class of share capital (different classes of preference shares to be treated separately):

a b c d e f

the number and amount of shares authorized; the number of shares issued, subscribed and fully paid, and subscribed but not fully paid; par value per share; a reconciliation of the number of shares outstanding at the beginning and at the end of the reporting period; the rights, preferences and restrictions attaching to each class of shares including restrictions on the distribution of dividends and the repayment of capital; shares in respect of each class in the company held by its holding company or its ultimate holding company including shares held by or by subsidiaries or associates of the holding company or the ultimate holding company in aggregate; shares in the company held by each shareholder holding more than 5 percent shares specifying the number of shares held shares reserved for issue under options and contracts/commitments for the sale of shares / disinvestment, including the terms and amounts; For the period of five years immediately preceding the date as at which the Balance Sheet is prepared: a) Aggregate number and class of shares allotted as fully paid up pursuant to contract(s) without payment being received in cash. b) Aggregate number and class of shares allotted as fully paid up by way of bonus shares. c) Aggregate number and class of shares bought back.

Existing (Note 1)

New Insertion ( Note 2) Ammended (Note 7) Existing ( Note 3)

g h i

New Insertion (Note 4) Ammended (Note 7) New Insertion (Note 5)

j k l

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. Calls unpaid (showing aggregate value of calls unpaid by directors and officers) Forfeited shares (amount originally paid up)

Existing (Note 7) Existing ( Note 6) Existing (Note 7)

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 6(A)(a,b & c) of Part I of Schedule VI to the Companies Act, 1956
Share Capital As at 31 March 20X1 Number ` As at 31 March 20X0 Number `

Authorised __% preference shares of `___ each Equity Shares of ` ___ each Issued __% preference shares of `___ each Equity Shares of ` ___ each Subscribed & fully Paid up __% preference shares of `___ each Equity Shares of ` ___ each fully paid Subscribed but not fully Paid up ___ % preference shares of `___each, not fully paid up Equity Shares of ` ___ each, not fully paid up Total -

Haribhakti & Co.

Note 2 Disclosure pursuant to Note no. 6(A)(d) of Part I of Schedule VI to the Companies Act, 1956

(Following disclosure should be made for each class of Shares)

Preference Shares As at 31 March 20X1 As at 31 March 20X0 Number Number ` `

Particulars Shares outstanding at the beginning of the year Shares Issued during the year Shares bought back during the year Any other movement (please specify) Shares outstanding at the end of the year

Equity Shares Particulars Shares outstanding at the beginning of the year Shares Issued during the year Shares bought back during the year Any other movement (please specify) Shares outstanding at the end of the year As at 31 March 20X1 Number ` As at 31 March 20X0 Number `

Note 3 Disclosure pursuant to Note no. 6(A)(f) of Part I of Schedule VI to the Companies Act, 1956 (Following disclosure should be made for each class of Shares)
Out of Equity and Preference shares issued by the Company, shares held by its holding company, ultimate holding company and their subsidiaries/associates are as below: Particulars Preference Shares Nature of Relationship As at 31 March 20X1 As at 31 March 20X0

Equity Shares

Note 4 Disclosure pursuant to Note no. 6(A)(g) of Part I of Schedule VI to the Companies Act, 1956 (if more than 5%)

(Following disclosure should be made for each class of Shares)

Name of Shareholder Preference Shares As at 31 March 20X1 As at 31 March 20X0 No. of Shares held % of Holding No. of Shares % of Holding held

Name of Shareholder

Equity Shares As at 31 March 20X1 As at 31 March 20X0 No. of Shares held % of Holding No. of Shares % of Holding held

Haribhakti & Co.

Note 5 Disclosure pursuant to Note no. 6(A)(i) of Part I of Schedule VI to the Companies Act, 1956

(Following disclosure should be made for each class of Shares)

Particulars Preference Shares : Fully paid up pursuant to contract(s) without payment being received in cash Fully paid up by way of bonus shares Shares bought back Equity Shares : Fully paid up pursuant to contract(s) without payment being received in cash Fully paid up by way of bonus shares Shares bought back

Aggregate No. of Shares (for last 5 Financial Years)

Note 6 Disclosure pursuant to Note no. 6(A)(k) of Part I of Schedule VI to the Companies Act, 1956 Unpaid Calls By Directors By Officers `

Note 7 Appropriate disclosures to comply with this point to be made by the Management

Haribhakti & Co.

Old Schedule VI
Share Capital 1 2 3 4 5 6 7 8 Authorisedshares of Rs.each. Issued (distinguishing between the various classes of capital and stating the particulars specified below, in respect of each class) shares of Rs.each. Subscribed(distinguishing between the various classes of capital and stating the particulars specified below, in respect of each class) (c) ....... shares of Rs.... Each Remarks Covered as per point 'a' above Covered as per point 'b' above Covered above Covered above Covered above Covered as per point 'i' above Covered as per point 'i' above Deleted (Marked in Red)

Rs........ called up
Of the above shares shares are allotted as fully paid-up pursuant to a contract without payments being received in cash. [Of the above shares ___ shares are allotted as fully paid-up by way of bonus shares] Less:Calls unpaid: (i) By managing agent or secretaries and treasures and where the managing agent or secretaries and treasures are a firm, by the partners there of, and the managing agent or secretaries and treasures are a private company, by the directors members of that company. (ii) By directors (iii) By others Add: Forfeited shares (amount originally paid up) Terms of redemption or conversion (if any) of any redeemable preference shares must be stated, together with the earliest date of redemption or conversion. Particulars of any option on unissued share capital should also be specified. Particulars of the different classes of preference shares to be given.

9 10 11 12 13 14

Covered as per point 'l' above Covered as per point 'j' above Addition to this point Covered above

In case of forfeited shares, amount originally paid-up should be shown. Any profit on reissue of forfeited shares Deleted (Marked in should be transferred to capital reserve. Red) In case of subsidiaries companies, the number of shares held by the holding company as well as by the ultimate holding company and its subsidiaries must be separately stated. The Auditor is not required to certify the correctness of such shareholdings as certified by the management. Covered as per point 'f' above Deleted Covered as per point 'b' above Deleted (Marked in Red)

15 16

The issued capital and subscribed capital must be distinguished into various classes of capital; viz. preference and equity, and the particulars specified hereunder must be given separately for each of them. Shares allotted as fully paid-up by way of bonus shares, should be separately disclosed. The source from which the bonus shares are issued must also be specified; e.g., by capitalisation of reserves or profits or from share premium account, etc. Any capital profit on reissue of forfeited shares should be transferred to Capital Reserve.

17

Deleted

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A 1 2 3 4 5 6 7 8 9

Revised Schedule VI
As per Point No. 6B of General Instructions for Preparation of Balance Sheet
Remark / Illustrative Disclosure Existing (Note 1) Existing (Note 1) Existing (Note 1) New Insertion (Note 1) New Insertion (Note 1) New Insertion (Note 1) Existing (Note 1) Existing (Note 1) Existing (Note 1) Existing

B (i) a b c d e

Reserves and Surplus Reserves and Surplus shall be classified as: Capital Reserves Capital Redemption Reserve Securities Premium Reserve Debenture Redemption Reserve Revaluation Reserve Share Options Outstanding Account Other Reserves (specify the nature and purpose of each reserve and the amount in respect thereof) Surplus i.e. balance in Statement of Profit & Loss disclosing allocations and appropriations such as dividend, bonus shares and transfer to/from reserves etc. (Additions and deductions since last balance sheet to be shown under each of the specified heads)

10
f

11
g

12
h

13 14 15
(ii) (iii)

A reserve specifically represented by earmarked investments shall be termed as a fund. Debit balance of statement of profit and loss shall be shown as a negative figure under the head Surplus. Similarly, the balance of Reserves and Surplus, after adjusting negative balance of surplus, if any, shall be shown under the head Reserves and Surplus even if the resulting figure is in the negative.

New Insertion (Note 1)

16 17

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A 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68

C D E F Illustrative disclosure of the above requirements in the Notes to Accounts

Note 1 Disclosure pursuant to Note no. 6(B) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` a. Capital Reserves Opening Balance (+) Current Year Transfer (-) Written Back in Current Year Closing Balance b. Capital Redemption Reserve Opening Balance (+) Current Year Transfer (-) Written Back in Current Year Closing Balance c. Securities Premium Account Opening Balance Add : Securities premium credited on Share issue Less : Premium Utilised for various reasons Premium on Redemption of Debentures For Issuing Bonus Shares Closing Balance d. Debenture Redemption Reserve Opening Balance (+) Current Year Transfer (-) Written Back in Current Year Closing Balance e. Revaluation Reserve Opening Balance (+) Current Year Transfer (-) Written Back in Current Year Closing Balance f. Share Options Outstanding Account Opening Balance (+) Current Year Transfer (-) Written Back in Current Year Closing Balance g. Other Reserves (Specify the nature and purpose of each reserve) Opening Balance (+) Current Year Transfer (-) Written Back in Current Year Closing Balance As at 31 March 20X0 `

Reserves & Surplus

Haribhakti & Co.

A 69 70 71 72 73 74 75 76 77 78 79 80

B
h. Surplus

C
Opening balance

(+) Net Profit/(Net Loss) For the current year (+) Transfer from Reserves (-) Proposed Dividends (-) Interim Dividends (-) Transfer to Reserves Closing Balance Total Note: 1. Reserve specifically represented by earmarked investments shall be termed as a fund 2. Debit balance of P & L shall be shown as negative figure under surplus instead of presenting on the asset side -

81

82 83 84 85 86 87 88 89
2

Old Schedule VI
Reserves and Surplus 1 Capital Reserves. Capital Redemption Reserve. Share Premium Account (cc) (cc) The item "Share Premium Account" shall include details of its utilisation in the manner provided in section 78 in the year of utilisation. 4 Other Reserves specifying the nature of each reserve and the amount in respect thereof. Less: Debit balance in profit and loss account, (if any)(h) Remarks Covered as per point 'a' above Covered as per point 'b' above Covered as per point 'c' above Deleted Covered as per point 'g' above To be shown under reserves as per point iii above To be shown under reserves as per point iii above Covered as per point 'h' above Deleted Deleted Covered as per point 'h' above Covered as per point 'ii' above

90
3

91 92 93

94
(h) The debit balance in the Profit and Loss Account shall be shown as a deduction from the uncommitted reserves, if any

95
5

96 97 98 99

Surplus, i.e. balance in the profit and loss accounts after providing for proposed allocation namely:Dividend, Bonus or Reserves Proposed additions to Reserves Sinking Funds Additions and deductions since last balance - sheet to be shown under each of the specified heads. The word fund in relation to any Reserve should be used only where such Reserve is specifically represented by earmarked investments.

6 7 8 9

100 101

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A 1 2 3 4

Revised Schedule VI
As per Point No. 6G of General Instructions for Preparation of Balance Sheet
Remark / Illustrative Disclosure

Share Application Money Pending Allotment G(g) Application money received for allotment of securities and due for refund and interest accrued thereon. Share application money includes advances towards allotment of share capital. The terms and conditions including the number of shares proposed to be issued, the amount of premium ,if any, and the period before which shares shall be allotted shall be disclosed. It shall also be disclosed whether the company has sufficient authorized capital to cover the share capital amount resulting from allotment of shares out of such share application money. Further, the period for which the share application money has been pending beyond the period for allotment as mentioned in the document inviting application for shares along with the reason for such share application money being pending shall be disclosed. Share application money not exceeding the issued capital and to the extent not refundable shall be shown under the head Equity and share application money to the extent refundable i.e., the amount in excess of subscription or in case the requirements of minimum subscription are not met, shall be separately shown under Other current liabilities

New Insertion (Note 1)

5 6 7 8 9 10 11 12 13 14 15 16 17

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 6G of Part I of Schedule VI to the Companies Act, 1956 Share application money not exceeding the issued capital and to the extent not refundable is to be disclosed under this line item. 1 2 3 4 5 6 terms and conditions number of shares proposed to be issued the amount of premium, if any the period before which shares are to be allotted whether the company has sufficient authorized share capital to cover the share capital amount on allotment of shares out of share application money The period for which the share application money has been pending beyond the period for allotment as mentioned in the share application form along with the reasons for such share application money being pending.

18 19

Haribhakti & Co.

Revised Schedule VI
As per Point No. 6C of General Instructions for Preparation of Balance Sheet
Remark / Illustrative Disclosure Borrowings have been bifurcated into long term and short term. (i) (a) (b) Long-term borrowings shall be classified as: Bonds/debentures Term loans - from banks - From other parties Deferred payment liabilities. Deposits. Loans and advances from related parties. Long term maturities of finance lease obligations Other loans and advances (specify nature) Borrowings shall further be sub-classified as secured and unsecured. Nature of security shall be specified separately in each case. Where loans have been guaranteed by directors or others, the aggregate amount of such loans under each head shall be disclosed. Bonds/debentures (along with the rate of interest and particulars of redemption or conversion, as the case may be) shall be stated in descending order of maturity or conversion, starting from farthest redemption or conversion date, as the case may be. Where bonds/debentures are redeemable by installments, the date of maturity for this purpose must be reckoned as the date on which the first installment becomes due. Particulars of any redeemed bonds/ debentures which the company has power to reissue shall be disclosed. Terms of repayment of term loans and other loans shall be stated. Period and amount of continuing default as on the balance sheet date in repayment of loans and interest, shall be specified separately in each case. Existing (Note 1) Existing (Note 1) New Insertion (Note 1) Existing (Note 1) Existing (Note 1) New Insertion (Note 1) Existing (Note 1) Existing (Note 1) Existing (Note 1)

C.

Long Term Borrowings

(c) (d) (e) (f) (g) (ii) (iii) (iv)

Existing (Note 1)

(v) (vi) (vii)

Existing (Note 1) New Insertion (Note 1) New Insertion (Note 1)

Haribhakti & Co.

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 6(C) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` Secured (a) Bonds/debentures *( state in descending order of maturity or conversion, starting from the farthest redemption or conversion date) ___ (Previous Year: ___) __ % Debentures of `___ each redeemable at ___ on ________ (secured by ________) (of the above, ` ____ is guaranteed by Directors and / or others) Details of redeemed bonds/debentures which the company has power to reissue: ___________________________ *Terms of Repayment _______ (b) Term loans from banks (Secured By__________) from other parties (Secured By__________) (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ (c) Deferred payment liabilities (Secured by ________) (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ (d) Deposits (Secured By__________) (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ (e) Loans and advances from related parties (Secured By__________) (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ (f) Long term maturities of finance lease obligations (Secured By__________) (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ (g) Other loans and advances (specify nature) (Secured By__________) (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ As at 31 March 20X0 `

Long Term Borrowings

Haribhakti & Co.

In case of continuing default as on the balance sheet date in repayment of loans and interest with respect to (b) (e) & (g) 1. Period of default 2. Amount Unsecured (a) Bonds/debentures *( state in descending order of maturity or conversion, starting from the farthest redemption or conversion date) ___ (Previous Year: ___) __ % Debentures of `___ each redeemable at ___ on ________ (of the above, ` ____ is guaranteed by Directors and / or others) Details of redeemed bonds/debentures which the company has power to reissue: ___________________________ *Terms of Repayment _______ (b) Term loans from banks from other parties (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ (c) Deferred payment liabilities (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ (d) Deposits (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ (e) Loans and advances from related parties (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ (f) Long term maturities of finance lease obligations (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ (g) Other loans and advances (specify nature) (of the above, ` ____ is guaranteed by Directors and / or others) *Terms of Repayment _______ * Terms of Repayment should include the period of maturity with respect to the Balance Sheet date, number and amount of instalments due , the applicable rate of interest and other significant relevant terms if any -

In case of continuing default as on the balance sheet date in repayment of loans and interest with respect to (b) (e) & (g) 1. Period of default 2. Amount Total -

Haribhakti & Co.

Old Schedule VI
Secured Loans 1 2 3 4 5 6 7 8 9 10 11 Debentures Loans and Advances from Banks Loans and Advances from Subsidiaries Other Loans and Advances Loans from directors and managers should be shown separately, under each of the above sub-head. Interest accrued and due on Secured Loans should be included under the appropriate sub-heads under the head "SECURED LOANS". The nature of the security to be specified in each case. Where loans have been guaranteed by managers and/or directors, a mention thereof shall also be made and the aggregate amount of such loans under each head Terms of redemption or conversion (if any) of debentures issued must be stated together with earliest date of redemption or conversion. Particulars of any redeemed debentures which the company has power to issue should be given. Where any of the company's debentures are held by a nominee or a trustee for the company, the nominal amount of the debentures and the amount at which they are stated in the books of the company shall be stated. Remarks Covered as per point 'i(a)' above Covered as per point 'i(b)' above Covered as per point 'i(e)' above Covered as per point 'i(g)' above Covered as per point 'i(e)' above Deleted Covered as per point 'ii' above Covered as per point 'iii' above Covered as per point 'iV' above Covered as per point 'V' above Deleted

Unsecured Loans 1 2 3 Fixed Deposits Loans and Advances from subsidiaries Short Term Loans and Advances a. from banks b. from others Other Loans and Advances a. from banks b. from others Loans from directors and managers should be shown separately, under each of the above sub-head. Interest accrued and due on Unsecured Loans should be included under the appropriate sub-heads under the head "UNSECURED LOANS". Where loans have been guaranteed by managers and/or directors, a mention thereof shall also be made and the aggregate amount of such loans under each head Short Term Loans will include those which are due for not more than one year as at the date of the balancesheet.

Remarks Deleted (Marked in Red) Covered as per point 'i(e)' above Deleted (Marked in Red) Deleted (Marked in Red) Covered as per point 'i(e)' above Deleted Covered as per point 'iii' above Deleted

5 6 7 8

Haribhakti & Co. A 1 2 3 4 5 6

(b) Others

Revised Schedule VI
As per Point No. 6D of General Instructions for Preparation of Balance Sheet
Remark / Illustrative Disclosure New Insertion (Note 1) New Insertion (Note 1)

Other Long Term Liabilities Other Long Term Liabilities shall be classified as:

(a)

Trade Payables

7 8 9 10 11 12 13 14 15 16 17 18 19 20

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 6(D) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` (a) Trade Payables (b) Others Total As at 31 March 20X0 `

Other Long Term Liabilities

Haribhakti & Co.

A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33

Revised Schedule VI
As per Point No. 6E of General Instructions for Preparation of Balance Sheet
Remark / Illustrative Disclosure Existing (Note 1) Existing (Note 1)

E The amounts shall be classified as: a b Provision for employee benefits Others (Specify nature)

Long Term Provisions

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 6(E) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` (a) Provision for employee benefits Superannuation (unfunded) Gratuity (unfunded) Leave Encashment (unfunded) ESOP / ESOS (b) Others (Specify nature) Total As at 31 March 20X0 `

Long Term Provisions

Old Schedule VI
Provisions 1 2 3 4 5 6 Provisions for taxation Proposed dividends For contingencies For provident fund scheme For insurance, pension and similar staff benefit schemes Other provisions Remarks Deleted Deleted Deleted Deleted Deleted (Marked in Red) Covered as per point 'b' above

34

Haribhakti & Co.

A 1 2 3 4

Revised Schedule VI
As per Point No. 6F of General Instructions for Preparation of Balance Sheet
F Short Term Borrowings Remark / Illustrative Disclosure Borrowings have been bifurcated into long term and short term. (i) (a) Short-term borrowings shall be classified as: Loans repayable on demand - from banks - from other parties Loans and advances from related parties Deposits Other loans and advances (specify nature) Borrowings shall further be sub-classified as secured and unsecured. Nature of security shall be specified separately in each case. Where loans have been guaranteed by directors or others, the aggregate amount of such loans under each head shall be disclosed. Period and amount of continuing default as on the balance sheet date in repayment of loans and interest, shall be specified separately in each case. Existing (Note 1) New Insertion (Note 1) Existing (Note 1) Existing (Note 1) Existing (Note 1) Existing (Note 1) New Insertion (Note 1)

5 6

7
(b)

8 9 10 11

(c) (d) (ii) (iii)

12
(iv)

13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 6(F) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` Secured (a) Loans repayable on demand from banks (Secured By__________) from other parties (Secured By__________) (of the above, ` ____ is guaranteed by Directors and / or others) (b) Loans and advances from related parties (Secured By__________) (of the above, ` ____ is guaranteed by Directors and / or others) (c) Deposits (Secured By__________) (of the above, ` ____ is guaranteed by Directors and / or others) (d) Other loans and advances (specify nature) (Secured By__________) (of the above, ` ____ is guaranteed by Directors and / or others) As at 31 March 20X0 `

Short Term Borrowings

43 44 45

In case of continuing default as on the balance sheet date in repayment of loans and interest with respect to (a) (b) & (d) 1. Period of default 2. Amount

Haribhakti & Co.

A 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63

C
Unsecured (a) Loans repayable on demand from banks from other parties

(of the above, ` ____ is guaranteed by Directors and / or others) (b) Loans and advances from related parties (of the above, ` ____ is guaranteed by Directors and / or others) (c) Deposits (of the above, ` ____ is guaranteed by Directors and / or others) (d) Other loans and advances (specify nature) (of the above, ` ____ is guaranteed by Directors and / or others) In case of continuing default as on the balance sheet date in repayment of loans and interest with respect to (a) (b) & (d) 1. Period of default 2. Amount Total -

64 65 66 67 68 69 70

Haribhakti & Co.

A 71 72 73 74 75 76

Old Schedule VI
Secured Loans 1 2 3 4 Debentures Loans and Advances from Banks Loans and Advances from Subsidiaries Other Loans and Advances Loans from directors and managers should be shown separately, under each of the above sub-head. Interest accrued and due on Secured Loans should be included under the appropriate sub-heads under the head "SECURED LOANS". The nature of the security to be specified in each case. Where loans have been guaranteed by managers and/or directors, a mention thereof shall also be made and the aggregate amount of such loans under each head Terms of redemption or conversion (if any) of debentures issued must be stated together with earliest date of redemption or conversion. Particulars of any redeemed debentures which the company has power to issue should be given. Where any of the company's debentures are held by a nominee or a trustee for the company, the nominal amount of the debentures and the amount at which they are stated in the books of the company shall be stated. Remarks Deleted Deleted Covered as per point 'i(b)' above Covered as per point 'i(d)' above Covered as per point 'i(e)' above Deleted Covered as per point 'ii' above Covered as per point 'iii' above Deleted Deleted Deleted

77
5

78
6

79
7

80
8

81
9

82 83

10 11

84 85 86 87
1

Remarks Unsecured Loans Fixed Deposits Loans and Advances from subsidiaries Short Term Loans and Advances a. from banks b. from others Other Loans and Advances a. from banks b. from others Loans from directors and managers should be shown separately, under each of the above sub-head. Interest accrued and due on Unsecured Loans should be included under the appropriate sub-heads under the head "UNSECURED LOANS". Where loans have been guaranteed by managers and/or directors, a mention thereof shall also be made and the aggregate amount of such loans under each head Short Term Loans will include those which are due for not more than one year as at the date of the balancesheet. Deleted (Marked in Red) Covered as per point 'i(b)' above Covered as per point 'i(a)' above Deleted (Marked in Red) Covered as per point 'i(e)' above Deleted Covered as per point 'iii' above Deleted

88
2

89
3

90
4

91
5

92
6

93
7

94
8

95

Haribhakti & Co.

A 1 2 3 4 5 6 7 8 9 10 11

Revised Schedule VI
As per Point No. 6G of General Instructions for Preparation of Balance Sheet
Remark / Illustrative Disclosure New Insertion (Note 1) New Insertion (Note 1) Existing (Note 1) New Insertion (Note 1) New Insertion (Note 1)

G The amounts shall be classified as: (a) (b) (c) (d) (e) (f) (g) Current maturities of long-term debt

Other Current Liabilities

Current maturities of finance lease obligations Interest accrued but not due on borrowings Interest accrued and due on borrowings Income received in advance Unpaid dividends

Existing (Note 1) Application money received for allotment of securities and due for refund and interest accrued thereon. Share application money includes advances towards allotment of share capital. The terms and conditions including the number of shares proposed to be issued, the amount of premium ,if any, and the period before which shares shall be allotted shall be disclosed. It shall also be disclosed whether the company has sufficient authorized capital to cover the share capital amount resulting from allotment of shares out of such share application money. Further, the period for which the share application money has been pending beyond the period for allotment as mentioned in the document inviting application for New Insertion (Note 2) shares along with the reason for such share application money being pending shall be disclosed. Share application money not exceeding the issued capital and to the extent not refundable shall be shown under the head Equity and share application money to the extent refundable i.e., the amount in excess of subscription or in case the requirements of minimum subscription are not met, shall be separately shown under Other current liabilities

12 13 14 15 16

(h) (i) (j)

Unpaid matured deposits and interest accrued thereon Unpaid matured debentures and interest accrued thereon Other payables (specify nature)

Existing (Note 1) Existing (Note 1) Existing (Note 1)

Haribhakti & Co.

A 17 18 19 20 21 22 23 24 25 26 27 28 29

C D E F Illustrative disclosure of the above requirements in the Notes to Accounts

Note 1 Disclosure pursuant to Note no. 6(G) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` (a) Current maturities of long-term debt (b) Current maturities of finance lease obligations (c ) Interest accrued but not due on borrowings (d) Interest accrued and due on borrowings (e) Income received in advance (f) Unpaid dividends (g) Application money received for allotment of securities and due for refund (Refer Note 2) (h) Unpaid matured deposits and interest accrued thereon (i) Unpaid matured debentures and interest accrued thereon (j) Other payables (specify nature) Total As at 31 March 20X0 `

Other Current Liabilities *

30 31 32 33 34 35 36 37 38

Note 2 Disclosure pursuant to Note no. 6G of Part I of Schedule VI to the Companies Act, 1956 All amounts out of Share Application money which are refundable to be shown under this head (non-refundable portion of share application money will form part of 'Share Application Money Pending Allotment' (Balance Sheet))

39 40 41 42 43 44 45 46 47 48 49 50 51 1 2 3 4 5 6 7 terms and conditions number of shares proposed to be issued the amount of premium, if any the period before which shares are to be allotted whether the company has sufficient authorized share capital to cover the share capital amount on Interest accrued on amount due for refund The period for which the share application money has been pending beyond the period for
* for definition of current liabilities please refer

Haribhakti & Co.

A 52 53 54 55

Old Schedule VI
Current Liabilities 1 2 Acceptances Sundry creditors (a) total outstanding dues of Micro and Small Enterprises (Refer to note no. 18 in notes to accounts) (b) total outstanding dues of creditors other than Micro and Small Enterprises Subsidiary companies Advance payments and unexpired discounts for the portion for which value has still to be given e.g. in the case of the following classes of companies: Newspaper, Fire Insurance, theatres, clubs, banking, steamship, companies, etc. Investor Education and Protection Fund shall be credited by following amounts namely: Unpaid dividend Unpaid application money received for allotment of securities and due for refund Unpaid Matured Deposits Unpaid Matured Debentures Interest accrued on (a) to (d) above Other Liabilities (if any) Interest accrued but not due on loans Covered as per point 'f' above Covered as per point 'g' above Covered as per point 'h' above Covered as per point 'i' above Covered as per point 'h & i' above Covered as per point 'j' above Covered as per point 'd' above Remarks Deleted Deleted

56 57

3 4

Deleted Deleted

58 59 60

5 (a) (b)

61
(c)

62
(d)

63
(e)

64
6

65
7

66

Haribhakti & Co.

A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

Revised Schedule VI
As per Point No. 6H of General Instructions for Preparation of Balance Sheet
Remark / Illustrative Disclosure Existing (Note 1) Existing (Note 1)

H The amounts shall be classified as: a b Provision for employee benefits Others (Specify nature)

Short Term Provisions

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 6(H) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` (a) Provision for employee benefits Salary & Reimbursements Contribution to PF Gratuity (Funded) Leave Encashment (funded) Superannuation (funded) ESOP /ESOS (b) Others (Specify nature) Total As at 31 March 20X0 `

Short Term Provisions

Old Schedule VI
Provisions 1 2 3 4 5 6 Provisions for taxation Proposed dividends For contingencies For provident fund scheme For insurance, pension and similar staff benefit schemes Other provisions Remarks Deleted Deleted Deleted Deleted Deleted (Marked in Red) Covered as per point 'b' above

36

Haribhakti & Co.

A 1 2 3

Revised Schedule VI
As per Point No. 6I to 6J of General Instructions for Preparation of Balance Sheet
Remark / Illustrative Disclosure

I to L 4 5 6 7 8 9 10 11 12 13 14 15
(iii)

Fixed Assets

I (i) a b c d e f g (ii) Classification shall be given as: Land Buildings Plant and Equipment Furniture and Fixtures Vehicles Office equipment Others (specify nature)

Tangible Assets Amended (Note 1)

Assets under lease shall be separately specified under each class of asset. A reconciliation of the gross and net carrying amounts of each class of assets at the beginning and end of the reporting period showing additions, disposals, acquisitions through business combinations and other adjustments and the related depreciation and impairment losses/reversals shall be disclosed separately. Where sums have been written off on a reduction of capital or revaluation of assets or where sums have been added on revaluation of assets, every balance sheet subsequent to date of such write-off, or addition shall show the reduced or increased figures as applicable and shall by way of a note also show the amount of the reduction or increase as applicable together with the date thereof for the first five years subsequent to the date of such reduction or increase. Intangible assets Classification shall be given as: Goodwill. Brands /trademarks. Computer software. Mastheads and publishing titles. Mining rights. Copyrights, and patents and other intellectual property rights, services and operating rights. Recipes, formulae, models, designs and prototypes. Licenses and franchise. Others (specify nature). A reconciliation of the gross and net carrying amounts of each class of assets at the beginning and end of the reporting period showing additions, disposals, acquisitions through business combinations and other adjustments and the related amortization and impairment losses/reversals shall be disclosed separately.

New insertion (note 1) Existing

16
(iv)

Existing

17 18 19 20 21 22 23 24 25 26 27 28 29

J (i) (a) (b) (c) (d) (e) (f) (g) (h) (i) (ii)

New insertion (note 1)

Existing (Note 1)

30 31
(iii)

Where sums have been written off on a reduction of capital or revaluation of assets or where sums have been added on revaluation of assets, every balance sheet subsequent to date of such writeoff, or addition shall show the reduced or increased figures as applicable and shall by way of a note also show the amount of the reduction or increase as applicable together with the date thereof for the first five years subsequent to the date of such reduction or increase.

Existing (Note 2)

32 33
K Capital Work-in-Progress

34 35
L Intangible assets under Development

Amended (Note 1) Amended (Note 1)

36

Haribhakti & Co.

A 37 38 39 40 41 42

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. I (i), (ii), (iii); Note no. J (i),(ii); Note no. J and Note no. L of Part I of Schedule VI to the Companies Act, 1956
Fixed Assets Balance as at 1 April 20X0 Additions/ (Disposals) Gross Block Acquired through business combinations ` Revaluations/ (Impairments) Balance as at 31 Balance as at March 20X1 1 April 20X0 Accumulated Depreciation Depreciation charge for the year ` Adjustment due to revaluations ` On disposals Net Block Balance as at 31 Balance as at 1 Balance as at 31 March 20X1 April 20X0 March 20X1

43 44 a 45 46 47 48 49 50 51 52 53 54 Tangible Assets (Not Under Lease) Land Buildings Plant and Equipment Furniture and Fixtures Vehicles Office equipment Others (specify nature)
Total (i)

Haribhakti & Co.

A 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75

C Tangible Assets (Under Lease) Land Buildings Plant and Equipment Furniture and Fixtures Vehicles Office equipment Others (specify nature)
Total (ii)

Total (i+ii) b Intangible Assets Goodwill Brands /trademarks Computer software Mastheads and publishing titles Mining rights Copyrights, and patents and other intellectual property rights, services and operating rights Recipes, formulae, models, designs and prototypes Licenses and franchise Others (specify nature)
Total

76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 c

Capital Work In Progress

Total -

Intangible assets under Development

Total

Note 2 Disclosure pursuant to Note no.I (iv) and J (iii) of Part I of Schedule VI to the Companies Act, 1956 The following disclosure should be made for each class of asset as required
Year Particulars Asset details: Balance as at 1 April Impairment/ Revaluation Balance as at 31 March 20X0-X1 ` 20X1-X2 ` 20X2-X3 ` 20X3-X4 ` 20X4-X5 `

Haribhakti & Co.

A 103 104 105 106 107

Old Schedule VI
Fixed Assets
1 Distinguishing as far as possible between expenditure upon a goodwill

Remarks
Presentation modified AmendedCovered in point J

108 109 110 111 112 113 114 115 116 117 118
2

b land c buildings d leaseholds e railway sidings f plant and machinery g furniture and fittings h development of property i patents, trade marks and designs j live-stock k vehicles, etc. Under each head the original cost, and the additions thereto and deductions therefrom during the Covered as per year, and total depreciation written off or provided up to the end of the year to be stated. point I and J above Where the original cost aforesaid and additions and deductions thereto, relate to any fixed asset which Deleted has been acquired from a country outside India, and in consequence of a change in the rate of exchange at any time after the acquisition of such asset, there has been an increase or reduction in the liability of the company, as expressed in Indian currency, for making payment towards the whole or a part of the cost of the asset or for repayment of the whole or a part of moneys borrowed by the company from any person, directly or indirectly in any foreign currency specifically for the purpose of acquiring the asset (being in either case the liability existing immediately before the date on which the change in the rate of exchange takes effect), the amount by which the liability is so increased or reduced during the year, shall be added to, or, as the case may be deducted from the cost, and the amount arrived at after such addition or deduction shall be taken to be the cost of the fixed asset. Explanation 1: This paragraph shall apply in relation to all balance-sheets that may be made out as at the 6th day of June, 1966, or any day thereafter and where, at the date of issue of the notification of the Government of India, in the Ministry of Industrial Development and Company Affairs (Department of Company Affairs), G.S.R. No. 129, dated the 3rd day of January, 1968, any balance sheet, in relation, to which this paragraph applies, has already been made out and laid before the company in Annual General Meeting, the adjustment referred to in this paragraph may be made in the first balance-sheet made out after the issue of the said notification. Explanation 2:-In this paragraph, unless the context otherwise requires, the expressions "rate of exchange", "foreign currency" and "Indian Currency" shall have the meanings respectively assigned to them under sub-section (1) of section 43A of the Income-tax Act, 1961 (43 of 1961), and Explanation 2 and Explanation 3 of the said sub-section shall, as far as may be, apply in relation to the said paragraph as they apply to the said sub-section (1). 9[In every case where the original cost connote be ascertained, without unreasonable expense or delay, the valuation shown by the books shall be given. For the purposes of this paragraph, such valuation shall be the net amount at which an asset stood in the companys books at the Where sums have been written off on a reduction of capital or a revaluation of assets, every balance No change sheet, (after the first balance sheet) subsequent to the reduction or revaluation shall show the reduced figures and with the date of the reduction in place of the original cost. Each balance sheet for the first five years subsequent to the date of the reduction, shall show also the Covered as per amount of the reduction made. point I(iv) and J (iii) above Similarly, where sums have been added by writing up the assets, every balance-sheet subsequent to Covered as per such writing up shall show the increased figures with the date of the increase in place of the original point I(iv) and J cost. Each balance sheet for the first five years subsequent to the date of writing up shall also show (iii) above the amount of increase made. 11[Explanation.- Nothing contained in the preceding two paragraphs shall apply to any adjustment made in accordance with the second paragraph.]

119
3

120
4

121

122

123

Haribhakti & Co.

A 1 2 3

Revised Schedule VI
As per Point No. 6K of General Instructions for Preparation of Balance Sheet
K. Remark / Illustrative Disclosure

4 5 6 7 8 9 10 11 12 13 14 15

Non Current Investments K. (i) (a) (b) (c) (d) (e) (f) (g) (h) Non-current investments Non-current investments shall be classified as trade investments and other investments and further classified as: Investment property Investments in Equity Instruments Investments in preference shares Investments in Government or trust securities Investments in debentures or bonds Investments in Mutual Funds Investments in partnership firms Other non-current investments (specify nature) Under each classification, details shall be given of names of the bodies corporate (indicating separately whether such bodies are (i) subsidiaries, (ii) associates, (iii) joint ventures, or (iv) controlled special purpose entities) in whom investments have been made and the nature and extent of the investment so made in each such body corporate (showing separately investments which are partly-paid). In regard to investments in the capital of partnership firms, the names of the firms (with the names of all their partners, total capital and the shares of each partner) shall be given.

New insertion (Note 2)

16 17
(ii)

Investments carried at other than at cost should be separately stated specifying the basis for valuation thereof

18 19 20 21 22 23 24

New Insertion (Note 1) Existing (Note 1)

(iii) (a) (b) (c)

The following shall also be disclosed: Aggregate amount of quoted investments and market value thereof Aggregate amount of unquoted investments Aggregate provision for diminution in value of investments

Haribhakti & Co.

A 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62

C D E Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. K (i) of Part I of Schedule VI to the Companies Act, 1956 Particulars
As at 31 March 20X1 As at 31 March 20X0 ` `

Trade Investments (Refer A below)

(a) Investment Properties (b) Investment in Equity instruments (c) Investments in preference shares (d) Investments in Government or Trust securities (e) Investments in debentures or bonds (f) Investments in Mutual Funds (g) Investments in partnership firms* (h) Other non-current investments (specify nature) Total (A) -

Other Investments (Refer B below)

(a) Investment Properties (b) Investment in Equity instruments (c) Investments in preference shares (d) Investments in Government or Trust securities (e) Investments in debentures or bonds (f) Investments in Mutual Funds (g) Investments in partnership firms* (h) Other non-current investments (specify nature) Total (B) Grand Total (A + B) Less : Provision for dimunition in the value of Investments Total -

Particulars Aggregate amount of quoted investments (Market value of ` __ (Previous Year ` __) Aggregate amount of unquoted investments (Previous Year ` __)

20X1 `

20X0 `

Haribhakti & Co.

A 63

B C A. Details of Trade Investments Sr. No. Particulars

D Subsidiary / Associate / JV/ Controlled Special Purpose Entity / Others (3)

G Quoted / Unquoted

H Partly Paid / Fully paid

K Amount (`)

M Basis of Valuation #

No. of Shares / Units

Extent of Holding (%)

64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99

(1) (a)

(2) Investment Properties

20X1 (4)

20X0 (5)

(6)

(7)

20X1 (8)

20X0 (9)

20X1 (10)

20X0 (11)

(12)

(b)

Investment in Equity Instruments

(e.g. Equity Shares of `___ each of ___ Limited)

(c)

Investments in Preference Shares

(d)

Investments in Government or Trust securities

(e)

Investments in Debentures or Bonds

(f)

Investments in Mutual Funds

(g) (h)

Investments in partnership firms* Other non-current investments (specify nature)

(i) Limited Liability Partnership **

Total
,

Haribhakti & Co.

A 100

B C B. Details of Other Investments Sr. No. Particulars

D Subsidiary / Associate / JV/ Controlled Special Purpose Entity / Others (3)

G Quoted / Unquoted

H Partly Paid / Fully paid

K Amount (`)

M Basis of Valuation #

No. of Shares / Units

Extent of Holding (%)

101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142

(1) (a)

(2) Investment Properties

20X1 (4)

20X0 (5)

(6)

(7)

20X1 (8)

20X0 (9)

20X1 (10)

20X0 (11)

(12)

(b)

Investment in Equity Instruments

(e.g. Equity Shares of `___ each of ___ Limited)

(c)

Investments in Preference Shares

(d)

Investments in Government or Trust securities

(e)

Investments in Debentures or Bonds

(f)

Investments in Mutual Funds

(g) (h)

Investments in partnership firms* Other non-current investments (specify nature)

(i) Limited Liability Partnership **

Total * G. Investment in _________(Name of the Firm) Total Capital of the Firm Company's Share in the capital Share of each partner in the profits of the Firm Partner 1 Partner 2

Haribhakti & Co.

A 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158

** G. Investment in _________(Name of the LLP) Total Capital of the LLP Company's Share in the capital Share of each partner in the profits of the LLP Partner 1 Partner 2 # Disclosure for basis of valuation should either be of: a) At Cost b) At cost less provision for other than temporary diminution c) Lower of cost and fair value

Haribhakti & Co.

A 159 160 161 162 163

Old Schedule VI
A. 1) 2) Investments Showing nature of investments and mode of valuation, for example, cost or market value and distinguishing betweenInvestments in Government or Trust Securities. Investments in shares, debentures or bonds (showing separately shares fully paid-up and partly paid-up and also distinguishing the different classes of shares and showing also in similar details investments in shares, debentures or bonds of subsidiary companies. Immovable properties. Investments in the Capital of partnership firms. Balance of unutilised monies raised by issue. The following shall also be disclosed: (a) Aggregate amount of company's quoted investments and also the market value thereof shall be shown; (b) Aggregate amount of unquoted investments shall also be shown; All unutilised monies out of the issue must be separately disclosed in the Balance Sheet of the company indicating the form in which such unutilised funds have been invested. Classified into Current and Non Current and detailed disclosures are prescribed. Remarks

164 165 166 167 168 169 170 171 172 173

3) 4) 5)

Haribhakti & Co.

A 1 2 3 4 5

Revised Schedule VI
As per Point No. 6L of General Instructions for Preparation of Balance Sheet
L. Long-term loans and advances Remark / Illustrative Disclosure

6 7 8 9 10 11 12 13 14 15 16 17 18 19

Loans and advances have been bifurcated into long term and short term. (i) a b c d (ii) a b c (iii) Allowance for bad and doubtful loans and advances shall be disclosed under the relevant heads separately. (iv) Loans and advances due by directors or other officers of the company or any of them either severally or jointly with any other persons or amounts due by firms or private companies respectively in which any director is a partner or a director or a member should be separately stated. Long-term loans and advances shall be classified as: Capital Advances Security Deposits Loans and advances to related parties (giving details thereof) Other loans and advances (specify nature) The above shall also be separately sub-classified as: Secured, considered good Unsecured, considered good Doubtful Amended (Note 1) Amended (Note 1)

Amended (Note 1)

Amended (Note 1 and 2)

20 21

Haribhakti & Co.

A 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69

C D E F Illustrative disclosure of the above requirements in the Notes to Accounts

Note 1 Disclosure pursuant to Note no. L (i),(ii) and (iii) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` ` As at 31 March 20X0 ` `

Long Term Loans and Advances 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 (refer Note 2) Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful loans and advances d. Other loans and advances (specify nature) Secured, considered good Unsecured, considered good Doubtful Less: Provision for ___________ -

Note 2 Disclosure pursuant to Note no. L (iv) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` Directors * Other officers of the Company * Firm in which director is a partner * Private Company in which director is a member *Either severally or jointly As at 31 March 20X0 `

Haribhakti & Co.

A 70 71 72 73 74 75 76

Old Schedule VI
Loans and advances
(a) (b) ( c) (d) Advances and loans to subsidiaries. Advances and loans to partnership firms in which the company or any of its subsidiaries is a partner. Bills of Exchange Advances recoverable in cash or in kind or for value to be received, e.g., Rates, Taxes, Insurance, etc. Balances with Customs, Port Trust, etc. (where payable on demand). Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or debts due by firms or private companies respectively in which any director is a partner or a director or a members to be separately stated. Debts due from other companies under the same management within the meaning of sub-section (1B) of section 370, to be disclosed with the names of the Companies. The maximum amount due by directors or other officers of the company at any time during the year to be shown by way of a note. The provisions to be shown under this head should not exceed the amounts of debts stated to be considered doubtful or bad and any surplus of such provision if already created, should be shown at every closing under "Reserves and Surplus" (in the liabilities side) under a separate sub-head "Reserve for Doubtful or Bad Debts".

Remarks
Modified Modified No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI

77
(e)

78

79 80 81

Covered in point (iv) above No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI

82

Haribhakti & Co.

A 1 2 3

Revised Schedule VI
As per Point No. 6M of General Instructions for Preparation of Balance Sheet Remark / Illustrative Disclosure

M. 4 5

Other non-current assets

Other non-current assets shall be classified as:

6 7 8 9 10 11 12 13 14 15 16 17 18 19

New insertion (refer Note 1 and 2)

(i) (ii) (iii)

Long Term Trade Receivables (including trade receivables on deferred credit terms) Others (specify nature) Long term Trade Receivables, shall be sub-classified as: (i) (a) Secured, considered good (b) Unsecured considered good (c) Doubtful (ii) Allowance for bad and doubtful debts shall be disclosed under the relevant heads separately (iii) Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or debts due by firms or private companies respectively in which any director is a partner or a director or a member should be separately stated

20 21

Haribhakti & Co.

A 22 23 24 25 26 27

C D E F Illustrative disclosure of the above requirements in the Notes to Accounts

Note 1

Disclosure pursuant to Note no.M (i),(ii) and (iii) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` ` a. Long term trade receivables (including trade receivables on deferred credit terms) Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful debts b. Others (specify nature) Secured, considered good Unsecured, considered good Doubtful Less: Provision for __________ c. Debts due by related parties (refer note 2) Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful debts As at 31 March 20X0 ` `

28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49

Haribhakti & Co.

A 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65

B Note 2

Disclosure pursuant to Note no. M (iii) (iii) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March As at 31 March 20X1 20X0 ` Directors * Other officers of the Company * Firm in which director is a partner * Private Company in which director is a member *Either severally or jointly `

Haribhakti & Co.

A 66 67 68 69 70 71

Old Schedule VI
A.
(a) (b) Advances and loans to subsidiaries. Advances and loans to partnership firms in which the company or any of its subsidiaries is a partner. Bills of Exchange Advances recoverable in cash or in kind or for value to be received, e.g., Rates, Taxes, Insurance, etc. Balances with Customs, Port Trust, etc. (where payable on demand). Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or debts due by firms or private companies respectively in which any director is a partner or a director or a members to be separately stated. Debts due from other companies under the same management within the meaning of sub-section (1B) of section 370, to be disclosed with the names of the Companies. The maximum amount due by directors or other officers of the company at any time during the year to be shown by way of a note. The provisions to be shown under this head should not exceed the amounts of debts stated to be considered doubtful or bad and any surplus of such provision if already created, should be shown at every closing under "Reserves and Surplus" (in the liabilities side) under a separate sub-head "Reserve for Doubtful or Bad Debts".

Loans and advances

Remarks
Modified (covered in point M (iii) (iii) ) Modified (covered in point M (iii) (iii) ) No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI Amended, Covered in point (iv) above No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI

72
( c)

73 74 75

(d) (e)

76 77 78

79 80

Haribhakti & Co.

A 1 2 3

Revised Schedule VI
As per Point No. 6N of General Instructions for Preparation of Balance Sheet
N. Remark / Illustrative Disclosure

4 5 6
(i) Current investments shall be classified as: Investments in Equity Instruments Investment in Preference Shares Investments in government or trust securities Investments in debentures or bonds Investments in Mutual Funds Investments in partnership firms Other investments (specify nature)

Current Investments

7 8 9 10 11 12 13 14 15

New insertion (Note 1)

a b c d e f g

Under each classification, details shall be given of names of the bodies corporate (indicating separately whether such bodies are (i) subsidiaries, (ii) associates, (iii) joint ventures, or (iv) controlled special purpose entities) in whom investments have been made and the nature and extent of the investment so made in each such body corporate (showing separately investments which are partly-paid). In regard to investments in the capital of partnership firms, the names of the firms (with the names of all their partners, total capital and the shares of each partner) shall be given.

16 17
(ii) The following shall also be disclosed: The basis of valuation of individual investments Aggregate amount of quoted investments and market value thereof; Aggregate amount of unquoted investments; Aggregate provision for diminution in value of investments

18 19 20 21 22 23

New insertion (Note 1)

(a) (b) (c) (d)

Haribhakti & Co.

A 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no.N (i) and (ii) of Part I of Schedule VI to the Companies Act, 1956 As at 31 March Particulars
As at 31 March 20X1 ` (a) Investment in Equity instruments (b) Investments in preference shares (c) Investments in Government or Trust securities (d) Investments in Debentures or Bonds (e) Investments in Mutual Funds (f) Investments in partnership firms* (g) Other non-current investments (specify nature) Total (A) Less : Provision for dimunition in the value of Investments Total 20X0 `

Particulars Aggregate amount of quoted investments (Market value of ` __ (Previous Year ` __)

As at 31 March 20X1 `

As at 31 March 20X0 `

43 44 45 46 47
Aggregate amount of unquoted investments (Previous Year ` __)

Details of Current Investments Sr. No. Name of the Body Corporate

48 49 50 51 52 53 54 55 56 57 58

Subsidiary / Associate / JV/ Controlled Special Purpose Entity / Others (3)

No. of Shares / Units

Quoted / Unquoted

Partly Paid / Fully paid

Extent of Holding (%)

Amount (`)

Basis of Valuation

(1) (a)

(2) Investment in Equity Instruments

20X1 (4)

20X0 (5)

(6)

(7)

20X1 (8)

20X0 (9)

20X1 (10)

20X0 (11)

(12)

(b)

Investments in Preference Shares

Haribhakti & Co.

A 59 60 61 62

B (c)

C Investments in Government or Trust securities

(d) 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97

Investments in Debentures or Bonds

(e)

Investments in Mutual Funds

(f)

Investments in partnership firms*

(g)

Other non-current investments (specify nature)

(i) Limited Liability Partnership **

Total * G. Investment in _________(Name of the Firm) Total Capital of the Firm Company's Share in the capital Share of each partner in the profits of the Firm Partner 1 Partner 2 ** G. Investment in _________(Name of the LLP) Total Capital of the LLP Company's Share in the capital Share of each partner in the profits of the LLP Partner 1 Partner 2

Haribhakti & Co.

A 98 99 100 101

Old Schedule VI
A. Investments Showing nature of investments and mode of valuation, for example, cost or market value and distinguishing between1) Investments in Government or Trust Securities. Investments in shares, debentures or bonds (showing separately shares fully paid-up and partly paid-up and also distinguishing the different classes of shares and showing also in similar details investments in shares, debentures or bonds of subsidiary companies. Immovable properties. Investments in the Capital of partnership firms. Balance of unutilised monies raised by issue. Remarks Covered- point ii (a) Covered- point i( c)

102
2)

103 104 105

3) 4) 5)

Deleted Covered- point I (f) Moved to sheet named "Notes" (Point V in the revised Sch VI)

106 107 108

The following shall also be disclosed: (a) Aggregate amount of company's quoted investments and also the market value thereof shall be shown; (b) Aggregate amount of unquoted investments shall also be shown; Covered - point ii (b) Covered - point ii (c) Moved to sheet named "Notes" (Point V in the revised Sch VI)

109 110
All unutilised monies out of the issue must be separately disclosed in the Balance Sheet of the company indicating the form in which such unutilised funds have been invested.

111

Haribhakti & Co.

A 1 2 3

Revised Schedule VI
As per Point No. 6O of General Instructions for Preparation of Balance Sheet Remark / Illustrative Disclosure

O. 4 5 6
(i) Inventories shall be classified as: Raw materials Work-in-progress Finished goods Stock-in-trade Stores and spares Loose Tools Others (Specify Nature)

Inventories

7 8 9 10 11 12 13 14 15 16 17 18 19

Presentation modified (Refer Note 1)

a b c d e f g (ii)

Goods-in-transit shall be disclosed under the relevant sub-head of inventories.

New insertion (refer Note 1) Existing

(iii)

Mode of valuation shall be stated.

Haribhakti & Co.

A 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57

C D E Illustrative disclosure of the above requirements in the Notes to Accounts

Note 1

Disclosure pursuant to Note no.O (i), (ii) and (ii) of Part I of Schedule VI to the Companies Act, 1956
Inventories a. Raw Materials and components (Valued at_____) Goods-in transit b. Work-in-progress (Valued at _____) Goods-in transit c. Finished goods (Valued at _____) Internally Manufactured Other than internally manufactured Goods-in transit d. Stock-in-trade (Valued at _____) Internally Manufactured Other than internally manufactured Goods-in transit e. Stores and spares (Valued at _____) Goods-in transit f. Loose Tools (Valued at _____) Goods-in transit g. Others (Specify nature) (i) Manufactured Components Internally Manufactured Other than internally manufactured Goods-in transit Total As at 31 March 20X1 ` ` As at 31 March 20X0 ` `

Haribhakti & Co.

A 58 59 60 61 62 63 64 65 66 67 68

Old Schedule VI
Inventories
Stores and spare parts. Loose Tools Stock-in-trade Works-in-Progress (a) (b) +Mode of valuation of stock shall be stated and the amount in respect of raw material shall also be stated separately where practicable. ++Mode of valuation of works-in-progress shall be stated. Remarks Presentation modified Presentation modified Presentation modified Presentation modified Covered in point (iii) above Covered in point (iii) above

69

Haribhakti & Co.

A 1 2 3

Revised Schedule VI
As per Point No. 6P of General Instructions for Preparation of Balance Sheet Remark / Illustrative Disclosure

P. 4 5 6
(i)

Trade Receivables

7 8 9 10 11 12 13 14 15

Aggregate amount of Trade Receivables outstanding for a period exceeding six months from the date they are due for payment should be separately stated. Trade receivables shall be sub-classified as: Secured, considered good Unsecured considered good Doubtful Allowance for bad and doubtful debts shall be disclosed under the relevant heads separately.

Modified (refer Note 1)

(ii) (a) (b) (c) (iii)

Existing (refer Note 1) Existing (refer Note 1) Existing (refer Note 1) Presentation modified (refer Note 1) Presentation modified (refer Note 1)

(iv)

16 17 18

Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or debts due by firms or private companies respectively in which any director is a partner or a director or a member should be separately stated.

Haribhakti & Co.

A 19 20 21 22 23 24

C D E Illustrative disclosure of the above requirements in the Notes to Accounts

Note 1 Disclosure pursuant to Note no.P (i), (ii), (iii) and (iv) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` Trade receivables outstanding for a period less than six months from the date they are due for payment Secured, considered good Unsecured, considered good Unsecured, considered doubtful Less: Provision for doubtful debts Trade receivables outstanding for a period exceeding six months from the date they are due for payment Secured, considered good Unsecured, considered good Unsecured, considered doubtful Less: Provision for doubtful debts Total Trade Receivable stated above include debts due by: Particulars As at 31 March 20X1 ` Directors * Other officers of the Company * Firm in which director is a partner * Private Company in which director is a member *Either severally or jointly As at 31 March 20X0 ` As at 31 March 20X0 `

Trade Receivables

25 26 27 28 29 30 31

32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53

Haribhakti & Co.

A 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69

Old Schedule VI
Sundry debtors
Debts outstanding for a period exceeding six months. Other debts. Less: Provision In regard to Sundry Debtors particulars to be given separately of(a) debts considered good and in respect of which the company is fully secured; and (b) debts considered good for which the company holds no security other than the debtors personal security; and (c) debts considered doubtful or bad. Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or debts due by firms or private companies respectively in which any director is a partner or a director or a members to be separately stated. Debts due from other companies under the same management within the meaning of sub-section (1B) of section 370, to be disclosed with the names of the Companies. The maximum amount due by directors or other officers of the company at any time during the year to be shown by way of a note. The provisions to be shown under this head should not exceed the amounts of debts stated to be considered doubtful or bad and any surplus of such provision if already created, should be shown at every closing under "Reserves and Surplus" (in the liabilities side) under a separate sub-head "Reserve for Doubtful or Bad Debts". Covered- point ii Covered- point ii Covered- point ii Covered- point iv Covered- point iii

Remarks
Covered- point i

No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI

70

Haribhakti & Co.

A 1 2 3

Revised Schedule VI
As per Point No. 6Q of General Instructions for Preparation of Balance Sheet Remark / Illustrative Disclosure

Q 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
(i) (a) (b) ( c) (d) (ii) (iii)

Cash and cash equivalents

Cash and cash equivalents shall be classified as: Balances with banks Cheques, drafts on hand Cash on hand Others (specify nature) Earmarked balances with banks (for example, for unpaid dividend) shall be separately stated Balances with banks to the extent held as margin money or security against the borrowings, guarantees, other commitments shall be disclosed separately Repatriation restrictions, if any, in respect of cash and bank balances shall be separately stated Bank deposits with more than 12 months maturity shall be disclosed separately

Presentation modified Presentation modified Presentation modified Presentation modified New insertion New insertion

(iv) (v)

New insertion New insertion

Haribhakti & Co.

A 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57

C D E Illustrative disclosure of the above requirements in the Notes to Accounts

Note 1

Disclosure pursuant to Note no.Q (i), (ii), (iii), (iv) and (v) of Part I of Schedule VI to the Companies Act, 1956
Cash and cash equivalents As at 31 March 20X1 ` a. Balances with banks* This includes: Earmarked Balances (eg/- unpaid dividend accounts) Margin money Security against borrowings Guarantees Other Commitments Bank deposits with more than 12 months maturity b. Cheques, drafts on hand c. Cash on hand* d. Others (specify nature) ` ` As at 31 March 20X0 `

*Repatriation restrictions, if any, in respect of cash and bank balances shall be separately stated.

Old Schedule VI
Cash balance on hand
Cash balance on hand a Balances with scheduled banks: On current accounts On call accounts On deposit accounts On unpaid dividend accounts b Balance with other banks: On current accounts On call accounts On deposit accounts In regard to bank balances, particulars to be given separately of(a) (b) the balances the bankers other than Scheduled Banks and the balance lying with deposit accounts; on current accounts, name of lying with Scheduled Banks on current accounts, call accounts and each such banker call accounts and deposit account the maximum amount outstanding at any time during the year from each such banker; and No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI Covered- point i (a)

Remarks
Covered- point i ( c) Covered- point i (a)

58
( c)

59
(d)

60

the nature of the interest, if any, of any director or his relative or the 3[***] in each of the bankers (other than Scheduled No specific disclosure in Revised Schedule VI Banks) referred to in (b) above.] No specific disclosure in All unutilised monies out of the issue must be separately disclosed in the Balance Sheet of the company indicating the Revised Schedule VI form in which such unutilised funds have been invested.]

Haribhakti & Co.

A 1 2 3

Revised Schedule VI
As per Point No. 6R of General Instructions for Preparation of Balance Sheet Remark / Illustrative Disclosure

4 5 6 7 8 9 10 11 12 13 14 15

R.
(i) a b (ii) a b c (iii)

Short-term loans and advances

Short-term loans and advances shall be classified as: Loans and advances to related parties (giving details thereof) Other loans and advances (specify nature) The above shall also be separately sub-classified as: Secured, considered good Unsecured, considered good Doubtful Allowance for bad and doubtful loans and advances shall be disclosed under the relevant heads separately Existing (Note 1) Existing (Note 1) Existing (Note 1) Presentation modified (Note 1) New Insertion Presentation modified (Note 1) Existing (Note 1)

(iv)

16 17

Loans and advances due by directors or other officers of the company or any of them either severally or jointly with any other persons or amounts due by firms or private companies respectively in which any director is a partner or a director or a member should be separately stated

Existing (note 2)

Haribhakti & Co.

A 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55

C D E Illustrative disclosure of the above requirements in the Notes to Accounts

Note 1

Disclosure pursuant to Note no.R (i), (ii)and (iii) of Part I of Schedule VI to the Companies Act, 1956

Short-term loans and advances

As at 31 March 20X1 `

As at 31 March 20X0 ` `

a. Loans and advances to related parties (refer note 2) Secured, considered good Unsecured, considered good Doubtful Less: Provision for doubtful loans and advances b. Others (specify nature) Secured, considered good Unsecured, considered good Doubtful Less: Provision for ______________ -

Note 2

Disclosure pursuant to Note no.R (iv) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 20X1 ` Directors * Other officers of the Company * Firm in which director is a partner * Private Company in which director is a member *Either severally or jointly As at 31 March 20X0 `

Haribhakti & Co.

A 56 57 58 59 60 61 62 63

Old Schedule VI
Loans and advances
(a) (b) ( c) (d) Advances and loans to subsidiaries. Advances and loans to partnership firms in which the company or any of its subsidiaries is a partner. Bills of Exchange Advances recoverable in cash or in kind or for value to be received, e.g., Rates, Taxes, Insurance, etc. Balances with Customs, Port Trust, etc. (where payable on demand).

Remarks
Covered- point i (a) Covered- point iv No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI Covered in point (iv) above No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI No specific disclosure in Revised Schedule VI

64
(e)

65 66
Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or debts due by firms or private companies respectively in which any director is a partner or a director or a members to be separately stated.

67 68 69
The provisions to be shown under this head should not exceed the amounts of debts stated to be considered doubtful or bad and any surplus of such provision if already created, should be shown at every closing under "Reserves and Surplus" (in the liabilities side) under a separate sub-head "Reserve for Doubtful or Bad Debts". Debts due from other companies under the same management within the meaning of sub-section (1B) of section 370, to be disclosed with the names of the Companies. The maximum amount due by directors or other officers of the company at any time during the year to be shown by way of a note.

70

Haribhakti & Co.

A 1 2 3 4 5 6 7

Revised Schedule VI
As per Point No. 6S of General Instructions for Preparation of Balance Sheet
Remark / Illustrative Disclosure

S.

Other current assets (specify nature)

This is an all-inclusive heading, which incorporates current assets that do not fit into any other asset categories e.g. unbilled Revenue, unamortised premium on forward contracts etc.

Haribhakti & Co.

A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

Revised Schedule VI
As per Point No. 6T of General Instructions for Preparation of Balance Sheet
T. (i) a b c (ii) a b c Contingent liabilities and commitments (to the extent not provided for) Contingent liabilities shall be classified as: Claims against the company not acknowledged as debt Guarantees Other money for which the company is contingently liable Commitments shall be classified as: Estimated amount of contracts remaining to be executed on capital account and not provided for Uncalled liability on shares and other investments partly paid Other commitments (specify nature) Existing (Note 1) Existing (Note 1) Existing (Note 1) Existing (Note 1) New insertion (Note 1) Existing (Note 1) Remark / Illustrative Disclosure

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 6(T) of Part I of Schedule VI to the Companies Act, 1956
Contingent liabilities and commitments (to the extent not provided for) As at 31 March 20X1 ` As at 31 March 20X0 `

(i) Contingent Liabilities (a) Claims against the company not acknowledged as debt (b) Guarantees (c) Other money for which the company is contingently liable (ii) Commitments (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) -

30 31 32 33 34 35 36 37 38 39 40 41 42
(b)

Old Schedule VI
Contingent Liability A foot-note to the balance-sheet may be added to show separately: (a) Claims against the company not acknowledged as debts Uncalled liability on shares partly paid Arrears of fixed cumulative dividends Estimated amount of contracts remaining to be executed on capital account and not provided for Other money for which the company is contingently liable Remarks Covered as per point '(i)a' above Covered as per point '(ii)b' above Covered in sheet 'Notes' Covered as per point '(ii)a' above Covered as per point '(i)c' above

43 44 45

( c) (d) (e)

46

Haribhakti & Co. A 1 2 3 4

U

Revised Schedule VI
As per Point No. 6U to 6W of General Instructions for Preparation of Balance Sheet
Remark / Illustrative Disclosure Refer Note 1

Particulars The amount of dividends proposed to be distributed to equity and preference shareholders for the period and the related amount per share shall be disclosed separately. Arrears of fixed cumulative dividends on preference shares shall also be disclosed separately.

5 6
V

7 8
W

Where in respect of an issue of securities made for a specific purpose, the whole or part of the amount has not been used for the specific purpose at the balance sheet date, there shall be indicated by way of note how such unutilized amounts have been used or invested.

Refer Note 2

9 10 11 12 13 14 15 16 17 18 19 20 21 22

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 realization 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.

Refer Note 3

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 6(U) of Part I of Schedule VI to the Companies Act, 1956
Particulars Dividends proposed to be distributed to equity shareholders Dividends proposed to be distributed to preference shareholders Arrears of fixed cumulative dividends on preference shares Total ` Per share `

Haribhakti & Co. A 23 24 25 B C D E F G H

Note 2 Disclosure pursuant to Note no. 6(V) of Part I of Schedule VI to the Companies Act, 1956 Where in respect of an issue of securities made for a specific purpose, the whole or part of the amount has not been used for the specific purpose at the balance sheet date, Indicate below how such unutilized amounts have been used or invested.

26 27 28 29 30 31 32 33 34 35

Note 3 Disclosure pursuant to Note no. 6(W) of Part I of Schedule VI to the Companies Act, 1956 In the opinion of the Board, all assets other than fixed assets and non current investments, have a realisable value in the ordinary course of business which is not less than the amount at which it is stated, except as stated below:

36 37
Name of Assets Realisable Value

38 39 40 41 42

Value in Balance Sheet

Opinion of Board

Haribhakti & Co.

A 1 2 3

Revised Schedule VI
2

As per Point No. 2 of General Instructions for Preparation of Statement of Profit and Loss
Remark / Illustrative Disclosure

Revenue From operation

4
2.(A)

5 6 7 8 9 10 11 12 13 14

In respect of a company other than a finance company revenue from operations shall be disclosed separately showing revenue from: sale of products; sale of services; other operating revenues; Less: Excise duty. In respect of a finance company, revenue from operations shall include revenue from Interest; and Other financial services Revenue under each of the above heads shall be disclosed separately by way of notes to accounts to the extent applicable.

(a) (b) (c) (d) 2.(B) (a) (b)

Refer Sheet 'P & L Comparison with Old SchVI'

Haribhakti & Co.

A 1 2 3

Revised Schedule VI
As per Point No. 4 of General Instructions for Preparation of Statement of Profit and Loss
4 Other income Remark / Illustrative Disclosure Refer Sheet 'P & L Comparison with Old Sch VI'

4 5 6 7 8 9 10 11 12 13 14

(a) (b) (c) (d)

Other income shall be classified as: Interest Income (in case of a company other than a finance company); Dividend Income; Net gain/loss on sale of investments Other non-operating income (net of expenses directly attributable to such income) (Specify Nature).

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 4 of Part II of Schedule VI to the Companies Act, 1956
For the year ended 31 March 20X1 For the year ended 31 March 20X0

15 16 17 18 19 20 21 22 23

Particulars

`
Interest Income (in case of a company other than a finance company) Dividend Income Net gain/loss on sale of investments Other non-operating income (net of expenses directly attributable to such income) (Specify nature) Total

Revised Schedule VI
` As per point number 5 of the General instructions for preparation of Statement of Profit & Loss
Remark / Illustrative Disclosure

Cost of Materials Consumed (A) (a) (b) (c) In case of Manufacturing companies, Cost of Material Consumed includes: Cost of Raw Material Consumed (including normal losses or wastages) Packing Material ( if considered as part of Raw Material) Other materials ( purchased intermediates and components)

Refer Note 1

(B) (a) (b) (c)

Internally manufactured intermediates or components consumed: Finished products Work in progress Manufactured components

Note 1 Illustrative disclosure of the above requirements in the Notes to Accounts Disclosures pursuant to point no. 5 of Part II of the Revised Schedule VI to the Companies Act, 1956
Details of Raw Material consumed For the year ended For the year ended 31 March 20X1 31 March 20X0

Particulars

` Raw Material X Raw Material Y Others

Total

Details of goods purchased for trading

Particulars For the year ended For the year ended 31 March 20X1 31 March 20X0

` Stock in trade Goods A Goods B Others

Total

Details of Material Consumed

Particulars For the year ended For the year ended 31 March 20X1 31 March 20X0

`
Inventory at the beginning of the year Add: Purchases Add: Transfer to internal department X

Less: Inventory at the end of the year Less: Abnormal Losses during the year Less: Transfer from Internal Department Y Cost of raw material consumed Packing Material ( if considered as part of Raw Material) Other materials ( purchased intermediates and components) Total

Details of Goods sold

Particulars For the year ended For the year ended 31 March 20X1 31 March 20X0

` Stock in trade Goods A Goods B Others Manufactured Goods Goods A Goods B Others
Total

Details of changes in Inventory Inventory at the end of the year For the year ended For the year ended 31 March 20X1 31 March 20X0 Increase / Decrease

Particulars

` Stock in Trade Goods A Goods B Goods C Work in Progress Goods A Goods B Goods C Finished Goods Goods A Goods B Goods C
Total Inventory at the beginning of the year

Particulars

For the year ended For the year ended 31 March 20XX 31 March 20XX - 1

Increase / Decrease

` Stock in Trade Goods A Goods B Goods C Work in Progress Goods A Goods B Goods C Finished Goods Goods A Goods B Goods C
Total

Haribhakti & Co.

A 1 2 3

Revised Schedule VI
As per Point No. 3 of General Instructions for Preparation of Statement of Profit and Loss
Remark / Illustrative Disclosure Refer Sheet 'P & L Comparison with Old Sch VI

Finance Costs

4 5 6 7 8 9 10 11 12 13

Finance costs shall be classified as: (a) Interest expense; (b) Other borrowing costs; (c) Applicable net gain/loss on foreign currency transactions and translation.

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 3 of Part II of Schedule VI to the Companies Act, 1956
For the year For the year ended 31 March ended 31 March 20X1 20X0

14 15 16 17 18 19 20 21 22 23

Particulars

`
Interest expense Bank Charges Other borrowing costs Applicable net gain/loss on foreign currency transactions and translation Total

Haribhakti & Co.

A 1 2 3 4 5

Revised Schedule VI
As per Point No. 5 of General Instructions for Preparation of Statement of Profit and Loss

Additional Information A Company shall disclose by way of notes additional information regarding aggregate expenditure and income on the following items:-

Remarks

(i)

(a) Employee Benefits Expense [showing separately] : (i) salaries and wages, (ii) contribution to provident and other funds, (iii) expense on Employee Stock Option Scheme (ESOP) and Employee Stock Purchase Plan (ESPP), (iv) staff welfare expenses (b) Depreciation and amortization expense; (c) Any item of income or expenditure which exceeds one per cent of the revenue from operations or Rs.1,00,000, whichever is higher; (d) (e) (f) (g) (h) (i) (j) Interest Income; Interest Expense; Dividend Income; Net gain/ loss on sale of investments; Adjustments to the carrying amount of investments; Net gain or loss on foreign currency transaction and translation (other than considered as finance cost); Payments to the auditor as a. auditor, b. for taxation matters, c. for company law matters, d. for management services, e. for other services, f. for reimbursement of expenses;

Note 1

6 7 8 9 10 11 12 13 14

Amendment

Note 2

15 16 17 18

(ii)

(k) Details of items of exceptional and extraordinary nature; (l) Prior period items; (a) In the case of manufacturing companies,-

New Terminology used "BROAD HEADS" Refer Miscellaneous

Haribhakti & Co.

A 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42

(ii) B

(1) Raw materials under broad heads. (2) goods purchased under broad heads. Dep In the case of trading companies, purchases in respect of goods traded in by the company under broad heads. reci atio In the case of companies rendering or supplying services, gross income derived form services rendered or supplied under broad (c) heads. (d) In the case of a company, which falls under more than one of the categories mentioned in (a), (b) and (c) above, it shall be sufficient compliance with the requirements herein if purchases, sales and consumption of raw material and the gross income (e) from services rendered is shown gross income heads. under broad heads. In the case of other companies, under broad derived (iii) (iv) (v) In the case of all concerns having works in progress, works-in-progress under broad heads. (a) The aggregate, if material, of any amounts set aside or proposed to be set aside, to reserve, but not including provisions made (b) The aggregate, if material, of any amounts withdrawn from such reserves. (a) The aggregate, if material, of the amounts set aside to provisions made for meeting specific liabilities, contingencies or commitments. (b) The aggregate, if material, of the amounts withdrawn from such provisions, as no longer required. Expenditure incurred on each of the following items, separately for each item:(a) Consumption of stores and spare parts. (b) Power and fuel. (c) Rent. (d) Repairs to buildings. (e) Repairs to machinery. (g) Insurance . (h) Rates and taxes, excluding, taxes on income. (i) Miscellaneous expenses, (a) Dividends from subsidiary companies. Same as Old Schedule VI New Terminology used "BROAD HEADS" Refer Miscellaneous sheet

Same as Old Schedule VI

(vi)

(vii)

(b) Provisions for losses of subsidiary companies. (Viii) The profit and loss account shall also contain by way of a note the following information, namely:a) Value of imports calculated on C.I.F basis by the company during the financial year in respect of I. Raw materials; II. Components and spare parts; III. Capital goods;

43

Same as Old Schedule VI

(Viii)

Haribhakti & Co.

A 44

C
b) c)

Expenditure in foreign currency during the financial year on account of royalty, know-how, professional and consultation fees, interest, and other matters; Total value if all imported raw materials, spare parts and components consumed during the financial year and the total value of all indigenous raw materials, spare parts and components similarly consumed and the percentage of each to the total consumption; The amount remitted during the year in foreign currencies on account of dividends with a specific mention of the total number of non-resident shareholders, the total number of shares held by them on which the dividends were due and the year to which the dividends related; Earnings in foreign exchange classified under the following heads, namely:I. Export of goods calculated on F.O.B. basis; II. Royalty, know-how ,professional and consultation fees; III. Interest and dividend; IV. Other income, indicating the nature thereof Broad heads shall be decided taking into account the concept of materiality and presentation of true and fair view of financial statements,.

45
d)

Same as Old Schedule VI

46 47

e)

48
Note:-

49

Haribhakti & Co.

A 50 51 52 53 54

Illustrative disclosure of the above requirements in the Notes to Accounts Note 1 Disclosure pursuant to Note no. 5(i)(a) of Part II of Schedule VI to the Companies Act, 1956 For the year ended 31 March 20X1 ` (a) Salaries and incentives (b) Contributions to (i) Provident and other fund (ii) Superannuation scheme (c) Gratuity fund contributions (d) Social security and other benefit plans for overseas employees (e) expense on Employee Stock Option Scheme (ESOP) and Employee Stock Purchase Plan (ESPP), (f) Staff welfare expenses Total Note 2 For the year ended 31 March 20X0 `

55 56 57 58 59 60 61 62 63 64 65 66 67

Employee Benefits Expense

Disclosure pursuant to Note no. 5(i)(j) of Part II of Schedule VI to the Companies Act, 1956 For the year ended 31 March 20X1 ` a. auditor b. for taxation matters c. for company law matters d. for management services e. for other services f. for reimbursement of expenses Total For the year ended 31 March 20X0 `

68 69 70 71 72 73 74 75 76

Payments to the auditor as

Haribhakti & Co.

A 1 2 3 4

Profit & Loss Comparison of Revised Schedule VI with Old Schedule VI

Revised Schedule VI Particulars 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. Old Schedule VI Particulars The provisions of this part shall apply to the income & expenditure account referred to in sub-section (2) of section 210 of the Act, in like manner as they apply to a profit and loss account, but subject to the modification of references as specified in that subsection. The P & L A/C shall set out the various items relating to of I & E of the Co. arranged under the most convenient heads and in particular, shall disclose the following information in respect of the period covered by the account: Turnover: Aggregate amount of sales, showing amount and quantity of sales of each class of goods separately. Commission paid to sole selling agent within the meaning of section 294 of the Act Commission paid to other selling agents. Brokerage and Discount on sales (other than usual trade discount). Remarks Deleted (Marked in Red)

1.

5 6
2.(A) In respect of a company other than a finance company revenue from operations shall disclose separately in the notes revenue from 3

7
(a) sale of products; (i) (a)

8
(b) sale of services; other operating revenues; Less: Excise duty. In respect of a finance company, revenue from operations shall include revenue from Interest; and Other financial services Revenue under each of the above heads shall be disclosed separately by way of notes to accounts to the extent applicable. Finance Costs Finance costs shall be classified as: Interest expense; Other borrowing costs; Applicable net gain/loss on foreign currency transactions and translation. (b) (c) (d)

9 10 11 12

(c)

In Revised Schedule VI there are different disclosure requirements for 1. Company other than a Finance Company 2. Finance Company

(d) 2.(B)

13 14 15

(a) (b)

16 17 18 19 20 21 22

3 (a) (b) (c)

New Insertion in Schedule VI

Haribhakti & Co.

A 23 24 25 26 27

B
4 (a) (b) (c) (d)

C
Depreciation and amortization expense Other income shall be classified as: Interest Income (in case of a company other than a finance company); Dividend Income; Net gain/loss on sale of investments Other non-operating income (net of expenses directly attributable to such income).

New Insertion in Schedule VI

28 29 30

31 32

Additional Information A Company shall disclose by way of notes additional information regarding aggregate expenditure and income on the following items:3 (x) (f) 1. Salaries, wages and bonus 2. Contribution to other funds 3. Workmen and staff welfare expenses (to the extent not adjusted from any of previous provision or reserves.)

(i) (a)

33
(b)

Employee Benefits Expense [showing separately] : (i) salaries and wages, (ii) contribution to provident and other funds, (iii) expense on Employee Stock Option Scheme (ESOP) and Employee Stock Purchase Plan (ESPP), (iv) staff welfare expenses Depreciation and amortization expense;

Same as old Schedule VI

3 (iv)

The amount provided for depreciation, renewals or diminution in value of fixed assets. Method adopted for making such provision should be given in case if provision is not made as per depreciation charge. Depreciation, renewals or diminution in value of fixed assets. (If no provision is made, fact and quantum of arrears of depreciation u/s. 205(2) to be disclosed).

34

35

Haribhakti & Co.

B
(c)

C
Any item of income or expenditure which exceeds one per cent of the revenue from operations or Rs.1,00,000, whichever is higher; Interest Income; Interest Expense;

F
Amendment in clause 3 (x) (i)

36 37

(d) (e)

3 (v)

The amount of interest on companys debentures and other loans for fixed periods, stating separately the amount of interest, if any paid or payable to the managing director, managing agents, secretaries, treasures and the manager, if any. The aggregate amount of the dividends paid, and proposed and stating whether such amounts are subject to deduction of income tax or not.

38
(f) Dividend Income; 3 (xiv)

39 40

(g) (h)

Net gain/ loss on sale of investments; Adjustments to the carrying amount of investments; Net gain or loss on foreign currency transaction and translation (other than considered as finance cost); Payments to the auditor as (a) auditor, (b) for taxation matters, (c) for company law matters, (d) for management services, (e) for other services, (f) for reimbursement of expenses;

3 (xii)

41
(i)

a.) Profit or losses on investments (extent of profit or loss on account of membership of a partnership firm) (to the extent not adjusted from any previous provision or reserve. b.) Profit or losses in respect of transactions of a New Insertion

42
(j)

4B. (a) (b)

43 44 45 46 47 48 49
(k)

Payments to the Auditors (Whether as fees, expenses or otherwise for services rendered) As auditor; As adviser, or in any other capacity, in respect of (i) Taxation matters; (ii) Company law matter (iii) Management services; and In any other manner. (b) Shall disclose every material feature, including credits or receipts and debits or expenses in respect of non-recurring or exceptional transactions or transaction of exceptional nature

Same as old Schedule VI

Details of items of exceptional and extraordinary nature;

(c) 2

50 51

(l)

Prior period items;

Haribhakti & Co.

A 52 53 54

B
(ii) (a)

D
(ii) (a)

In the case of manufacturing companies,1. Raw materials under broad heads. 2. goods purchased under broad heads.

In the case of manufacturing Companies, 1.Item wise breakup of value and quantity of allimportant basic raw materials consumed. (Items valuing 10% or more of the total value of the raw materials consumed shall be shown as a separate item). The intermediates or components procured from other manufacturers may be included in the breakup; (if their list is too large than it should be grouped under suitable heading without mentioning the quantities. 2.Value and quantity of opening and closing stocks of each class of goods produced.

55 56
(b) In the case of trading companies, purchases in respect of goods traded in by the company under broad heads. In the case of companies rendering or supplying services, gross income derived form services rendered or supplied under broad heads. In the case of a company, which falls under more than one of the categories mentioned in (a), (b) and (c) above, it shall be sufficient compliance with the requirements herein if purchases, sales and consumption of raw material and the gross income from services rendered is shown under broad heads. (b)

57
(c) (c)

In case of trading companies: Value and quantity of purchases, opening and closing stocks of each class of goods should be indicated. In case of service companies gross income derived from services rendered or supplied.

New Terminology used "BROAD HEADS"

58
(d)

(d)

In case of Company, which falls under more than one of the categories mentioned in a., b., & c. above, it shall be sufficient that the total amounts are shown in respect of opening and closing stocks, purchases, sales and consumption of raw materials with the value and quantitative break-up and the gross income form the services rendered is shown.

59
(e)

60 61
(iii)

In the case of other companies, gross income derived under broad heads. In the case of all concerns having works in progress, works-in-progress under broad heads.

(e)

In case of other companies, the gross income derived under different heads. Worksinprogress at the commencement and at the end of the accounting period.

(iii)

62 63

New Terminology used "BROAD HEADS"

Haribhakti & Co.

A 64

B
(iv) (a)

C
The aggregate, if material, of any amounts set aside or proposed to be set aside, to reserve, but not including provisions made to meet any specific liability, contingency or commitment known to exist at the date as to which the balance-sheet is made up. The aggregate, if material, of any amounts withdrawn from such reserves.

D
(viii) (a)

E
The aggregate, if material, of any amounts set aside or proposed to set aside, to reserves, but not including provisions made to meet any specific liability, contingency or commitment known to exist at which the balance sheet is made up.

Same as old Schedule VI

65
(b) (b)

66 67 68

The aggregate, if material, of any amounts withdrawn from such reserves.

(v) (a)

69
(b)

The aggregate, if material, of the amounts set aside to provisions made for meeting specific liabilities, contingencies or commitments. The aggregate, if material, of the amounts withdrawn from such provisions, as no longer required. Expenditure incurred on each of the following items, separately for each item:(a) Consumption of stores and spare parts.

(ix) (a)

The aggregate, if material, of any amounts set aside to provisions made for meeting specific liabilities, contingencies or commitment The aggregate, if material, of any amounts withdrawn from such provisions, as no longer required. Expenditure incurred on each of the following items, separately for each item: (a)Consumption of stores and spare parts (b) Power and fuel (c) Rent. (d) Repairs to buildings. (e) Repairs to machinery. (f)1. Salaries, wages and bonus 2. Contribution to other funds 3. Workmen and staff welfare expenses (to the extent not adjusted from any of previous provision or reserves.)

Same as old Schedule VI

(b)

70 71
(vi)

(x)

72 73 74 75 76 77 78 79

(b) Power and fuel. (c) Rent. (d) Repairs to buildings. (e) Repairs to machinery. (g) Insurance . (h) Rates and taxes, excluding, taxes on income. (i) Miscellaneous expenses,

80

Same as old Schedule VI subject to amendment in point (x) (i) and point (x) (f) is covered by point 5 (i) (a) in new revised Schedule VI

81 82 83

Note 1: information in respect of this item should also be given in the balance sheet under the relevant provision or reserve account. (g) Insurance . (h) Rates and taxes, excluding, taxes on income.

Same as old Schedule VI subject to amendment in point (x) (i) and point (x) (f) is covered by point 5 (i) (a) in new revised Schedule VI

Haribhakti & Co.

E
(i) Miscellaneous expenses. (Exp. totaling 1% of total revenue of the Company or Rs. 5,000 whichever is higher shall be shown as a separate item.)

84 85 86 87 88 89
(Viii) The profit and loss account shall also contain by way of a note the following information, namely:Value of imports calculated on C.I.F basis by the company during the financial year in respect of I. Raw materials; II. Components and spare parts; III.Capital goods; Expenditure in foreign currency during the financial year on account of royalty, knowhow, professional and consultation fees, interest, and other matters; Total value if all imported raw materials, spare parts and components consumed during the financial year and the total value of all indigenous raw materials, spare parts and components similarly consumed and the percentage of each to the total consumption; The amount remitted during the year in foreign currencies on account of dividends with a specific mention of the total number of non-resident shareholders, the total number of shares held by them on which the dividends were due and the year to which the dividends related; Earnings in foreign exchange classified under the following heads, namely:4D. Following information to be included by way of note; Value of imports on CIF basis in respect of (vii) a) b) Dividends from subsidiary companies. Provisions for losses of subsidiary companies. (xiii) (a) (b) Dividend from subsidiary companies. Provisions for losses of subsidiary companies. Same as old Schedule VI

90
a)

(a)

91 92 93 94
b)

(b)

1. raw materials; 2. components and spare parts; 3. capital goods Expenditure in foreign currency for royalty, knowhow, professional and consultation fees, interest and other matters. value of imported raw materials, spare parts and components consumed; value of indigenous raw materials, spare parts and components consumed; and percentage of each to total consumption. Same as old Schedule VI

95
c)

(c)

96
d) (d) dividends remitted in foreign currencies; number of non-resident shareholders; number of shares held by them on which dividends are due and the year to which dividends relate.

97
e)

(e)

Earnings in foreign exchange, namely

98

Haribhakti & Co.

C
I.Export of goods calculated on F.O.B. basis; II.Royalty, know-how ,professional and consultation fees; III.Interest and dividend; IV.Other income, indicating the nature thereof

E
a. Exports (F.O.B. basis) b. Royalty, know-how, c. professional and consultation fees; d. Interest and dividend e. Other income, indicating the nature thereof.

99 100
Note:-Broad heads shall be decided taking into account the concept of materiality and presentation of true and fair view of financial statements,.

101 102 103 104

Haribhakti & Co.

A 105 106 107 108 109 110

B
2. (a) 3 (vi) 3 (vii) 3 (xi) 3 (xv) The P & L A/c-

Removed from Revised Schedule VI Shall be so made out clearly to disclose the result of the working of the company during the period covered by the account The amount of charge for income tax and other Indian taxation on profits imposed elsewhere to the extent of the relief, if any, from Indian Amounts reserved for repayment of share capital/loans. (a) The amount of income from investment, distinguishing between trade investments and other investments. (b) Other income by way of interest, specifying the nature of the income. (c) The amount of income tax deducted if the in the profit is stated under sub-paragraphs a & b above. Amount, if material by which any items shown gross income & loss account are affected by any change in the basis of accounting. Payment to Directors including Managing Directors, managing agents, secretaries, treasurers & Manager, if any by the Company, subsidiary of the Company and any other person for following: Managerial remuneration u/s. 198 of the Act paid or payable during the financial year to the directors (including managing director). a) Expenses reimbursed to the managing agent under section 354. b) Commission or other remuneration payable separately to managing agent or his associate under sections 356, 357 and 358. c) Commission received of receivable under section 359 of the Act by the managing agent or his associate as selling or buying agent of the other concerns in respect of contract entered into such concerns with the company d) The money value of the contracts for the sale or purchase of goods and materials or supply of services, entered into by the company with the managing agent or his associate under section 360 during the financial year. e) Other allowance and commission including guarantee commission (details to be given). f) Any other perquisite or benefits in cash or in kind. (Stating approximate money value where practicable) g) Pension, gratuities, payments from provident funds, in excess of own subscription and interest thereon, compensation for loss of office, retirement consideration, etc. Computation of net profit u/s. 349 with details of the commission payable as percentage of profits to the directors including Managing Directors/Manager (if any) should be stated by way of note. In case of manufacturing companies in respect of each class of goods manufactured, detailed quantitative information in regard to: (a) The licensed capacity (where license is in force) (b) the installed capacity; and (c) the actual production. Except in the case of the first Profit & Loss A/c, the corresponding amounts for the immediately preceding financial year for all items shall also be shown. The requirements in subclause (1) shall, in the case of companies preparing quarterly or half yearly accounts, relate to the profit and loss account for the period which entered on the corresponding date of the previous year.

111
4

112
4A.

113 114 115 116 117

4C.

5 (a)

118
5 (b)

119