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TMI BlogAnnual accounts - Form and contents of Model form of balance sheet other than set out in Part I of Schedule VIX X X X Extracts X X X X X X X X Extracts X X X X ..... exercise of the powers vested in the Government under section 211(1). MODEL FOrM OF BALANCE SHEET BALANCE SHEET OF.................................................................................................................. [here enter the name of the company] AS AT............................................................................................................................................ [here enter the date at which the balance sheet is made out] Instructions in accordance with which assets and liabilities should be made out Description Figures for the current year Figures for the previous year *Terms of redemption or conversion (if any) of any redeemable preference capital to be stated, together with earliest date of redemption or conversion. I. *SHARE CAPITAL Authorised...... shares of Rs......each †Particulars of any option on unissued share capital to be specified. †Issued (distinguishing between the various classes of capital and stating the particulars specified below in respect of each class) ...... shares of Rs. ...... each †Particulars of the different classes of preference shares to be given. †Subscrib ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lue, and where any such asset is sold, the amount of sale proceeds shall be shown as deduction. Where sums have been written off on a reduction of capital or a revaluation of assets, every balance sheet (after the first balance sheet), subsequent to 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 amount of the reduction made. Similarly, where sums have been added by writing up the assets, every balance sheet subsequent to such writing up shall show the increased figure with the date of the increase in place of the original cost. Each balance sheet for the first five years subsequent to the date of writing up shall also show the amount of increase made. III. *FIXED ASSETS Distinguishing as far as possible between expenditure upon (a) goodwill, (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) livestock, and (k) vehicles, etc. IV. INVESTMENTS Showing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be shown separately. †The above instructions regarding "Sundry Debtors" apply to "Loans and Advances" also (7) *Cash and bank balances (B) †Loans and advances (8) Advances and loans to subsidiaries (9) Bills of exchange (10) Advances recoverable in cash or in kind or for value to be received, e.g., rates, taxes, insurance, etc. (11) Balance on current account with managing agents or secretaries & treasurers (12) Balances with customs, port trust, etc., where payable on demand. VI.*MISCELLANEOUS EXPENDITURE [To the extent not written off or adjusted] (1) Preliminary expenses (2) Expenses including commissions or broker age on underwriting or subscription of shares or debentures (3) Discount allowed on the issue of shares or debentures (4) Interest paid out of capital during construction also stating the (rate of interest) (5) Development expenditure not adjusted (6) Other items (specifying nature) *Show here the debit balance of profit and loss account carried forward after deduction of the uncommitted reserves, if any. VII. *PROFIT AND LOSS ACCOUNT CURRENT ASSETS *Loans from directors, the managing agents, secretaries & treasurers, man ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for which the dividends are in arrears of if there is more than one class of shares, the dividends on each such class are in arrears, shall be stated. The amount shall be stated before deduction of income-tax, except that in the case of tax-free dividends the amount shall be shown free of income-tax and the fact that it is so shown shall be stated. *The amount of any guarantees given by the company on behalf of directors or other officers of the company shall be stated and where practicable the general nature and amount of each such contingent liability, if material, shall also be specified. (3) *Arrears of fixed cumulative dividends (4) Estimated amount of contracts remaining to be executed on capital account and not provided for (5) †Other money (for which the company is contingently liable) TOTAL FIXED AND NET CURRENT ASSETS NOTES GENERAL INSTRUCTIONS FOR PREPARATION OF BALANCE SHEET (a) The information required to be given under any of the items or sub-items in this form, if it cannot be conveniently included in the balance sheet itself, shall be furnished in a separate schedule or schedules to be annexed to and to form part of the balance sheet. This is recomme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es and treasurers, if any, of every body corporate) in whose shares or debentures investments have been made (including all investments whether existing or not, made subsequent to the date as at which the previous balance sheet was made out ) and the nature and extent of the investment so made in each such body corporate; provided that in the case of an investment company, that is to say, a company whose principal business is the acquisition of shares, stock, debentures or other securities, it shall be sufficient if the statement shows only the investments existing on the date as at which the balance sheet has been made out; provided further that it shall not be necessary to give any particulars in respect of investments made by a managing agency or secretaries, and treasurers' company in the managed companies' shares or debentures. A "trade investment" means an investment by a company in the shares or debentures of another company, not being in subsidiary, for the purpose of promoting the trade or business of the first company. (m) If in the opinion of the Board, any of the current assets, loans and advances have no value on realisation in the ordinary course of business at leas ..... X X X X Extracts X X X X X X X X Extracts X X X X
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