Annual Report PDF

Presentation of Annual
Report
Annual Report
• An annual report is a document a public company is expected to send to

shareholders annually to explain its activities and financial conditions.
• Often the front part of the report includes an impressive mix of
illustrations, images, and an accompanying narration, all of which
chronicle the activities of the company over the last year.
• The back part of the report includes extensive details on finances and
activities.
Annual Report
• The aim of the required annual report is to make the business operations
of a company over the past year publicly available.
• The report is usually given to shareholders and other interested parties
who use it to determine the financial performance of the company.
What are included in Annual Report?
• General corporate details

• Financial and operating highlights
• Letter to shareholders from the Chairman or the Managing Director
• Management's discussion and analysis (MD&A)
• The narrative document, charts, and images
• Report of the Board of Directors
• Financial statements, including the balance sheet, cash flow statement, and a statement on profit and
loss (both standalone & consolidated)
• Notes to the financial statements including Accounting Policies
• Auditor's report
Hindustan
Unilever
Infosys
Tata Motors
Schedule III to
the Companies Act, 2013
Section 129: Financial Statement
• The financial statement shall give a true and fair view of the state of affairs
of the company or companies, comply with the accounting standards
notified under section 133 and shall be in the form or forms as may be
provided for different class or classes of companies in Schedule III
• At every AGM, the Board has to lay the financial statements before such
meeting
• Also to prepare & present consolidated financial statements, if applicable
Schedule III
• Divided into
• Division I: Financial Statements for a company whose Financial Statements
are required to comply with the Companies (Accounting Standards) Rules,
2006.
• Division II: Financial Statements for a company whose financial statements
are drawn up in compliance of the Companies (Indian Accounting Standards)
Rules, 2015.
• Division III: Financial Statements for a Non-Banking Financial Company (NBFC)
whose financial statements are drawn up in compliance of the Companies
(Indian Accounting Standards) Rules, 2015.
Division I of Schedule III
• General Instructions For Preparation Of Balance Sheet And Statement Of

Profit And Loss Of A Company
• Part I — Balance Sheet (Format)
• General Instructions For Preparation Of Balance Sheet
• Part II – Statement Of Profit And Loss (Format)
• General Instructions For Preparation Of Statement Of Profit And Loss
• Part III - General Instructions For The Preparation Of Consolidated Financial
Statements
Division II of Schedule III
• General Instructions For Preparation Of Financial Statements Of A Company Required To

Comply With Ind AS
• Part I — Balance Sheet (Format)
• Statement Of Changes In Equity
• General Instructions For Preparation Of Balance Sheet
• Part II – Statement Of Profit And Loss (Format)
• General Instructions For Preparation Of Statement Of Profit And Loss
• Part III - General Instructions For The Preparation Of Consolidated Financial Statements
General Features of Schedule III
• Requirements of the Companies Act including the Accounting Standards

take precedence
• The disclosure requirements specified are in addition to and not in
substitution of the requirements of the Accounting Standards
• Notes to accounts shall contain additional information to that presented in
the financial 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
General Features of Schedule III
• Depending upon the Total Income of the company, the figures appearing in the Financial Statements shall
be rounded off
• Total Income less than one hundred crore rupees - To the nearest hundreds, thousands, lakhs or
millions, or decimals thereof
• Total Income one hundred crore rupees or more - 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
• 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
IND AS 1: Presentation of Financial Statements
• Objective, Scope, Definitions
• Financial Statements, Purpose & Complete Set
• General Features, Structure & Content
• Introduction & Identification of the financial statements
• Balance Sheet
• Statement of Profit and Loss
• Statement of Changes in Equity
• Statement of Cash Flows
• Notes

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Presentation of Annual

• An annual report is a document a public company is expected to send to

• General corporate details

• General Instructions For Preparation Of Balance Sheet And Statement Of

• General Instructions For Preparation Of Financial Statements Of A Company Required To

• Requirements of the Companies Act including the Accounting Standards

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