Statement of Changes in Equity - Professionals - Accounting - TIK Share

Statement of Changes in Equity


Rajagopalakrishnan Ramanathan

2015-08-01

Section 2(40) “financial statement” in relation to a company, includes—
(i) a balance sheet as at the end of the financial year;
(ii) a profit and loss account, or in the case of a company carrying on any
activity not for profit, an income and expenditure account for the financial year;
(iii) cash flow statement for the financial year;
(iv) a statement of changes in equity, if applicable; and
(v) any explanatory note annexed to, or forming part of, any document
referred to in sub-clause (i) to sub-clause (iv):
The above definition of Financial statements as per companies act 2013 includes a statement of changes in Equity SOCE as one of the FS. But no listed or other company who have published their balance sheets for 31/3/2015 have included this Any idea why??

Rahul Rai

2015-08-01

I believe the requirements of statement regarding change in equity is complied by showing these items in notes to accounts with respect to Equity.

After revised schedule VI (CA 13 Schedule II), the movement or change in equity is reflected in notes forming part of balance sheet.

Below is normally what we disclose in financial statements and these satisfy the condition of change in equity requirement.

ABC Ltd                                                                                                                                                             

Notes forming part of the Financial Statements                                                                               

                                                                                                                                                                                                  

Note  3  Share Capital                                                                                                                                                           

                                                                                                                                                                                                  

(i) Share Capital

 

 

 

 

Particulars

As at 31 March, 2015

As at 31 March, 2014

 

 

 

Number of shares

?

Number of shares

?

(a) Authorised

 

 

 

 

Equity shares of Rs.10 each

 

 

 

 

 

 

 

 

 

(b) Issued

 

 

 

 

Equity shares of Rs.10 each

 

 

 

 

 

 

 

 

 

(c) Subscribed and fully paid up

 

 

 

 

Equity shares of Rs.10 each

 

 

 

 

 

0

0

0

0

 

(ii) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period

Particulars

Opening Balance

Fresh issue

Buy Back

Closing Balance

Equity shares with voting rights

 

 

 

 

 

 

 

 

 

Year ended 31 March, 2015

 

 

 

 

- Number of shares

 

 

 

 

- Amount (Rs.)

 

 

 

 

 

 

 

 

 

Year ended 31 March, 2014

 

 

 

 

- Number of shares

 

 

 

 

- Amount (Rs.)

 

 

 

 

                                                                                                                                                                                                                                                                                              

(iii) Details of shares held by the holding company, the ultimate holding company, their subsidiaries and associates:

Particulars

 

 

Number

 

 

 

 

 

of shares

As at 31 March, 2015

 

 

 

 

Investor A

 

 

 

 

Investor B

 

 

 

 

 

 

 

 

 

As at 31 March, 2014

 

 

 

 

Investor A

 

 

 

 

Investor B

 

 

 

 

 

 

 

 

 

                                                                                                                                  

(iv) Details of shares held by each shareholder holding more than 5% shares:                                                        

Class of shares / Name of shareholder                         As at 31 March, 2015                                As at 31 March, 2014

                                                                                              Number of shares held                            % holding in that class of shares                                                                              Number of shares held                            % holding in
that class of shares

Equity shares                                                                                                                                                                              

Investor A                                                                            0                                   100.00%                 0                                                                                               100.00%

Reply

Rajagopalakrishnan Ramanathan

2015-08-01

The normal format of Statement of Changes in Equity can be seen in this link:

http://accounting-simplified.com/financial/statements/statement-of-changes-in-equity.html

 

Reply

Rahul Rai

2015-08-01

There is no specific format prescribed. But notes to Balance sheet including reserves disclose same information as your link has.

This topic is discussed elsewhere you are aware of. If there is any seperate format, will be learning a news thing.

But my experiance even with Big4, we do not have any such format and the same information is disclosed as part of notes.

Reply

Rajagopalakrishnan Ramanathan

2015-08-02

Sorry Friend, but it is not the same. The format which is refered by me is part of all financial statements under US GAAP for many years now. With all due respect, I would not like to believe that all that the big 4 do or follow is authentic or necessarily right.

Reply