1 / 21

New Share Capital Disclosures and Current Liability Classification Updates

This document outlines the recent changes in financial reporting related to share capital disclosures and current liability classifications. Key points include the reconciliation of outstanding shares at the beginning and end of the reporting period, including details on shareholders holding over 5%. Additionally, criteria for classifying current liabilities are specified, including expectations regarding settlement within the normal operating cycle. Separate disclosures for reserves, surplus, and long-term debt, as well as guidelines for identifying current assets and liabilities, are also discussed.

chidi
Télécharger la présentation

New Share Capital Disclosures and Current Liability Classification Updates

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Changes in Schedule VI • By: Lavina Bajaj

  2. TITLE

  3. New Disclosures in Share Capital • A reconciliation of the number of shares outstanding at the beginning and at the end of the reporting period • Shares in in the company held by each shareholder holding more than 5% share specifying the number of share held

  4. New Disclosures in Share Capital

  5. RESERVES & SURPLUS

  6. Separate disclosure of Current Liability

  7. Criteria for classifying Current Liability • It is expected to be settled in the company’s normal operating cycle. • It is held primarily for the purpose of being traded. • It is due to be settled within twelve months after the reporting date; or • The company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Other than that all should be classified as Non Current Liabilities

  8. Borrowings

  9. Deferred Tax Assets / Liabilities

  10. Sundry Creditors

  11. LONG TERM DEBT – CURRENT MATURITY

  12. Fixed Assets

  13. Investments

  14. Criteria for classifying Current Assets • It is expected to be realized in, or is intended for sale or consumption in the company’s normal operating cycle. • It is held primarily for the purpose of being traded • It is Expected to be realized within 12 months after reporting date. • It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability foe at least twelve months after the report date. Other than that all should be classified as Non Current Assets.

  15. Deposits

  16. Cash & Bank Balances

  17. Loans & Advances

  18. PROFIT & LOSS – EXPENSES

  19. Finance Cost

  20. Rounding off of Figures appearing in financial statement 

  21. Purchases

More Related