Chapter: 2

Corporate Reporting
and Disclosure
 Corporate Reporting
• World Trade Organization (WTO), International Financial Reporting Standards
(IFRSs), Nepal Accounting Standard (NAS), gave new dimensions on the
disclosures of corporate reporting since the last decade.

• In Nepalese context of preparing corporate report, Right to Information 2064,

Company Act 2063, Income Tax Act 2058 and Income Tax Rule 2059 are
mandatory and are required to be pursued.

• The regulatory framework of Nepal like NRB directives, SEBON directives,

Insurance Board Directives, Company Registrar Office directives, Accounting
General Office's report and Auditor General Office's report are bottom line pre-
requisites in corporate reporting.
• Corporate reporting is a total communication system of corporate entity to
users. Information has no limitations and no international boundaries.

• Corporate Reporting refers to the presentation and disclosure of financial

information, which includes Integrated Reporting, Financial
Reporting, Corporate Governance, Corporate Responsibility etc.

• It includes both mandatory and voluntary disclosures to add value for the
stakeholders.

• It is a communication system that provides the information about the

performance of the company during the year usually comparing it with the
previous year, problems faced by the company during the year and steps
taken to overcome the problems, financial summary regarding the sources
and applications of funds, information about the products and employees of
the company .
Disclosure Required in Financial Reporting as
per IFRS/NFRS
• Disclosure refers to publishing the accounting policies adopted by the
company, information to show any business affair that may affect the results
presented on the financial statements.

• It is a requirement of any company to disclose its policies and statements.

• It is compulsory by law and regulatory bodies to disclose accounting policies

to the shareholder and other stakeholders of the company.

• Net profits, assets, continuing operations, equities, and financial statements

are affected by the disclosure regarding accounting policies of the company.

• Potential investors can analyze these accounting policies before making

investment decision.
 Disclosure of general information

• Name of reporting entity or other means of identification

• Explanation of change in name of reporting entity or other means
of identification from end of preceding reporting period
• Description of nature of financial statements
• Date of end of reporting period
• Period covered by financial statements
• Description of presentation currency
• Level of rounding used in financial statements
 Disclosure of financial statements

• Statement of financial position

• Profit or loss statement
• Statement of comprehensive income
• Statement of cash flow
• Statement of changes in equity
• Disclosure of notes and other explanatory information:
Notes – Sub-classifications of assets, liabilities and equities
Additional disclosures regarding accounting policies and procedures.
 Objectives of Financial Reporting
According to International Financial Reporting Standards (IFRSs) and Nepal
Financial Reporting Standards (NFRS), the following are objectives of financial
reporting:
a. To provide information about the financial position, performance, and changes
in financial position of an entity that is useful to a wide range of users in making
decisions.
b. To meet the common needs of different users.

c. To show the responsibility of management, or the accountability of

management for resources entrusted to it.
 Corporate Financial Statements
• Financial statements are the written report prepared with relevant financial
information, summarized and presented in a structured manner so that they
can be used and understood easily.

• They are important statements, accompanied by a management discussion

and analysis in annual report for external reporting purposes.

• Financial statements are a collection of reports about the financial results,

financial condition, and cash flow of the company.

• Financial statements are often audited by government agencies, independent

accountants, firms, etc. to ensure accuracy and for tax, financing or investing
purposes.
• Financial statements are the lifeblood of any company, which help to communicate
company’s operating result (like: profitability issues, financial position and their
analysis) in written form to different stakeholders.

• They are useful documents to determine the ability of a business, to generate cash,
and to know the sources and uses of fund, to determine whether a business has the
capability to pay back its debts.

• The financial statements consist of the following:

• Income statement
• Statement of retained earnings
• Balance sheet
• Cash flow statement
• Statement of changes in equity
• Accounting policies and notes
• Income statement: It shows and reports the results of operations and financial
activities for the reporting period, which includes revenues, expenses, gains,
and losses.

• Statement of retained earnings: It reports the changes in retained earnings

and amount of dividend declared to pay its shareholders as their cost of
capital.
• Before issuing Nepal Financial Reporting Standards (NFRS), the company must
have prepared as an important component of financial statements.
• Nowadays, it is not required to prepare as per the provision of NFRS for the
external reporting purposes.

• Balance sheet: It reports the assets, liabilities, and stockholders' equity of the
company at the specific date.
• Cash flow statement: It reports the amount of cash flow from various business
activities during the reporting period.

• Statement of changes in equity: It is prepared to show the detail change in the

shareholders’ equity due to change in issue of shares, share premium,
reserves, and retained earnings.

• Accounting policies and notes: They show descriptions of various activities,

additional detail on some accounts, and other items as compulsory by the
applicable accounting framework like: GAAP or IFRS.
Objectives of Corporate Financial Statements
1. To reflect true and fair view of the organization:

The first primary objective of financial statements is to reflect true and fair
view of the business condition of the organization.

As these statements are used by different areas of the society/ regulators,

these financial statements should reflect true and fair view of the financial
affairs of the business organization.
2. To provide information for decision making:

The primary objective of financial reporting is to provide economic information to

permit users of the information to make informed decisions.

Without access to the detailed records of the business and benefit of daily
involvement in the affairs of the company, external users make their decisions
based on financial statements.

Thus, financial reporting should provide information that is useful to present and
potential investors and creditors and other users in making rational investments,
credit and similar decisions.
3. To reflect prospective cash receipts to investors and creditors:

Present stockholders must decide whether to hold their stock in a company or

sell it.

For potential stockholders, the decision is whether to buy the stock in the first
place.

Bankers, suppliers and other types of creditors must decide whether to lend
money to a company.

Financial reporting helps present and potential investors and creditors and other
users to assess the amounts, timing, and uncertainty of prospective cash receipts
from dividend, interest, sale, redemption.
4. To reflect prospective cash flows to the enterprise:

The investors and creditors make their relevant decisions by analyzing the
prospective cash flow in future.

Financial statements provide information that will allow users to make decisions
about the cash flows of a company.

3. To reflect the enterprise’s resources and claims to its resources:

Financial statements should reflect the amount of assets, liabilities and equity that
a company has.
Limitations of Corporate Financial Statements
1. Provide quantitative information only:
They include the quantitative information which is expressed in monetary units.
They do not provide any qualitative information which may have greater impact
upon the decision makers.
2. Historical in nature:
They record and reveal only the historical data in nature. For example, the value
of assets may change over the time. However, they are recorded in their
purchase price.
3. Summarized reports:
Financial statements are just the summary reports of a company’s financial
transactions. All the detailed information regarding to such transactions cannot
be disclosed in the financial statements
4. No adjustment of price level:
Financial statements show the information on cost basis i.e. the price paid on the
transaction’s date. The effect of price level changes (inflation) is not shown in the
financial statements. In another words, the information are not given in the current
value.

5. No record of intangible assets: Many intangible assets such as brand image and
reputation are not shown in financial statements. However, the expenditures made to
create such assets are reported in income statement.

6. Personal judgments:
Even though a number of conventions and assumptions have been propounded in
accounting, their use is affected by the personal judgment of accountants.
That is why financial statements prepared by two different persons of the same concern
give different results due to different personal judgment in using or applying particular
conventions. It reduces the reliability of financial statements.
Components of Corporate Financial Statements

Financial Statements

Income Statement of Financial Statement of Changes in Cash Flow

Statement Position Shareholders' Equity Statements
 Income Statement
• Income statement reports the result of company operations during a
particular period of time. In other words, it depicts the success or failure of a
company's operations. It consists of the incomes with the expenses occurring
during a period. The incomes and expenses are finally matched to as certain
operating income or loss.
• As income statement provides useful information for predicting future
income. It is useful for current as well as prospective investors. Likewise,
creditors use the income statement to predict the company's profitability to
repay the debt on time.
• It is the first component of financial statements. An income statement is
prepared after preparing various ledger account and then after trial balance of
a company. It is prepared after the expiry of an accounting period
 Types of Income Statement
From the point of view of preparation, there are two methods used to prepare an
income statement:
1. Single step income statement
2. Multi-step income statement
• Single Step Income Statement
• Under single step income statement, all the revenues are accumulated and total
revenues is ascertained.
• Similarly, all the expenses are reported together to come up with the total expense.
• Finally, net income is ascertained through the difference between the revenues and
expenses.
• It does not classify the revenue and expenses in different heads. The format of a
single step income statement is given below.
 . . . Company
Income statement (Single Step)
For the year/period ended . . .

Particulars Amount (Rs.) Amount (Rs.)

Sales revenues xxx
Add: Other incomes xxx
Total revenue (a) xxx
Less: Cost of goods sold xxx
Office expenses xxx
Selling expenses xxx
Financial expenses xxx
Other expenses and losses xxx
Total expenses (b) xxx
Net income before tax (a –b) xxx
Less: Provision for tax/Income tax expenses xxx
Net income after tax xxx
Multi-Step Income Statement

Under multi step income statement, the revenues and expenses are
separated as operating and non-operating revenues and expenses.

Multi-step income statement is prepared under the provision of

Nepal Company Act, 2073 and NFRS/NAS
 ... Company
Income Statement (Multi Step)
For the year/period ended . . .
Particulars Amount (Rs.) Amount (Rs.)
Sales revenues xxx
Less: Sales return and allowances xxx
Sales discounts xxx xxx
Net sales xxx
Less: Cost of goods sold xxx
Gross profit xxx
Less: Operating expenses:
General and administrative expenses:
Depreciation on buildings and office furniture xxx
Amortization of trademark and other intangibles xxx
Salaries and wages of office staffs xxx
Insurance expense xxx
Supplies expense xxx
Office rent xxx
Printing and stationery xxx
Depreciation on store furniture and fixtures xxx
Other office related expenses xxx
Total general and administrative expenses (a) xxx
 ... Company
Income Statement (Multi Step)
For the year/period ended . . .
Particulars Amount (Rs.) Amount (Rs.)
Selling and distribution expenses:
Advertising xxx
Salaries and wages of sales people xxx
Rent of warehouse and showrooms xxx
Salesperson’s commission xxx
Depreciation on delivery vans, automobiles xxx
Other selling and distribution expenses xxx
Total selling and distribution expenses (b) xxx
Total operating expenses (a + b) xxx
Income from operations (Gross profit – Total operating expenses) xxx

Other revenues and gains:

Interest revenue xxx
Dividend received xxx
Rent and commission revenues xxx
Gain on disposal of assets xxx
xxx
 ... Company
Income Statement (Multi Step)
For the year/period ended . . .
Particulars Amount (Rs.) Amount (Rs.)
Other expenses and losses:
Interest expense (xxx)
Loss on disposal of assets (xxx) xxx
Income before taxes xxx
Income tax expenses/Provision for tax (xxx)
Net income xxx
 Income Statement as per Practice under Nepal
Company Act, 2073
It provides the information about cost of goods sold, operating expenses,
non-operating expenses, operating incomes and non-operating incomes.

The main objective of preparing income statement is to know about net

income or net loss of an accounting year.

As per Company Act, 2073, a company has to prepare an income

statement after the expiry of an accounting period of the company.

It is one of the major financial statements used by the companies.

It is prepared to know operating results (i.e. profit or loss) of the

company.
 ... Company
Income Statement (Multi Step)
For the year/period ended . . .
Schedule Current Previous
Description
No. year (Rs.) year (Rs.)
Sales revenue xxx xxx
Less: Cost of goods sold xxx xxx
Gross profit xxx xxx
Add: Other business incomes xxx xxx
xxx xxx
Less: Operating expenses:
Office and administrative expenses (xxx) (xxx)
Selling and distribution expenses (xxx) (xxx)
Depreciation (xxx) (xxx)
Operating income xxx xxx
Less: Financial expenses:
Interest (xxx) (xxx)
Income before extra-ordinary items xxx xxx
Add/Less: Extra-ordinary items (non-operating incomes and xxx (xxx) xxx (xxx)
expenses):
Net income before tax xxx xxx
 ... Company
Income Statement (Multi Step)
For the year/period ended . . .
Schedule Current Previous
Description
No. year (Rs.) year (Rs.)
Net income before tax xxx xxx
Less: Provision for tax xxx xxx
Net income after tax xxx xxx
Add: Beginning balance of retained earnings xxx xxx
Less: Appropriation:
Proposed dividend (xxx) (xxx)
Cash dividend /Stock dividend /Interim dividend paid (xxx) (xxx)
Transfer to reserves and funds (xxx) (xxx)
Ending balance of retained earnings transferred to balance xxx xxx
sheet
Income Statement as per NFRS

1. Profit or Loss Statement

As per NFRS, profit or loss statement of the business is prepared

to ascertain the operating results of the business.

Actually, this profit or loss statement is income statement of the

business organization.
There are two alternative methods to prepare profit or loss
statement as per NFRS:
Income Statement as per NFRS
Profit or Loss Statement
(On the basis of Function of Expense)
For the year ended ... ... Ashadh, 20XX ( ... ... July 20XX) Figures in NPR(‘000)
Particulars Notes 20X2 20X1
Revenue from operations xxx xxx
Cost of sales (xxx) (xxx)
Gross Profit xxx xxx
Other Income xxx xxx
Distribution expenses (xxx) (xxx)
Administrative expenses (xxx) (xxx)
Other operating expenses (xxx) (xxx)
Profit from operations xxx xxx
Finance costs (xxx) (xxx)
Profit before tax xxx xxx
Income tax expense (xxx) (xxx)
Profit from continuing operations xxx xxx
Profit /(loss) on discontinued operations (net of tax) xxx xxx
Net income for the year xxx xxx
Basic earnings per share (NPR) xxx xxx
Diluted earnings per share (NPR) xxx xxx
Net income attributable to:
Owners of the company xxx xxx
Non-controlling interests xxx xxx
Diluted EPS refers to net earnings available to per share of common
stockholders of all the securities (such as common shares outstanding,
convertible preferred shares, employee stock options, warrants, convertible
bonds, etc.).

It includes the option to convert into common shares during the given
period of time.

In other words, the calculation of diluted earnings per share takes into
account the impact of both common shares and convertible securities to
show the effects on earnings for distribution to all securities.
Diluted EPS =
𝑁𝑒𝑡 𝑖𝑛𝑐𝑜𝑚𝑒 −𝑝𝑟𝑒𝑓.𝑑𝑖𝑣𝑖𝑑𝑒𝑛𝑑
𝑊𝑒𝑖𝑔ℎ𝑡𝑒𝑑 𝑎𝑣𝑒𝑟𝑎𝑔𝑒 𝑁𝑜.𝑜𝑓 𝑐𝑜𝑚𝑚𝑜𝑛 𝑠ℎ𝑎𝑟𝑒 𝑜𝑢𝑡𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔+ 𝑐𝑜𝑛𝑣𝑒𝑟𝑠𝑖𝑜𝑛 𝑁𝑜.𝑜𝑓 𝑑𝑖𝑙𝑢𝑡𝑒𝑑 𝑠ℎ𝑎𝑟𝑒𝑠
As per provision of NFRS

2. Statement of Comprehensive Income

After preparing profit or loss statement, statement of comprehensive income is prepared.
Actually, it looks like the statement of retained earnings but it is not so.
This statement starts with net income or loss as per profit or loss statement and includes other comprehensive incomes
there on.

Its balance is transferred to statement of changes in owner's/shareholders' equity.

Its balance can also be transferred directly to the statement of financial position (i.e. Balance Sheet).
 Statement of Comprehensive Income
For the year ended ... ... Ashad 20XX ( ... ... July 20XX) Figures in NPR (000)

Particulars Notes 20X2 20X1

Net Profit for the year as per Profit or Loss Statement (A) xxx xxx
Other Comprehensive Income: xxx xxx
(Items that will be reclassified to profit or loss)
Loss on revaluation (xxx) (xxx)
Available-for-sale Investments xxx xxx
Cash flow hedges xxx xxx
Exchange Gain/Loss arising on translation of foreign operations xxx xxx
Actuarial Gain/Loss on defined benefit pension schemes xxx xxx
Share of Associates' other comprehensive income xxx xxx
Tax relating to components of other comprehensive income xxx xxx
Total Other Comprehensive Income (OCI) (B) xxx xxx
Total Comprehensive Income (TCI) (A + B) xxx xxx
Income Statement as per Nepal Rastra Bank (NRB) Directives

Income statement is prepared as Profit or Loss Statement by banks and financial

institutions as per circulars issued by NRB in Fiscal Year 2074/75.

As per NRB Directives, profit or loss statement of the banks is prepared to calculate the
operating results of the business.
 ... Bank Ltd
Profit or Loss Statement
For the year ended 31st Ashad 2076 (Figure in 000)
Particulars Note Current Year Previous Year
Interest income xxx xxx
Interest expense (xxx) (xxx)
Net interest income xxx xxx
Fee and commission income xxx xxx
Fee and commission expense (xxx) (xxx)
Net fee and commission income xxx xxx
Net interest, fee and commission income xxx xxx
Net trading income xxx xxx
Other operating income xxx xxx
Total operating income xxx xxx
Impairment charge/(reversal) for loans and other losses (xxx) (xxx)
xxx xxx
Net operating income
Operating expense (xxx) (xxx)
Personnel expenses (xxx) (xxx)
Other operating expenses (xxx) (xxx)
Depreciation and Amortization (xxx) (xxx)
Operating Profit xxx xxx
Non-operating income xxx xxx
 ... Bank Ltd
Profit or Loss Statement
For the year ended 31st Ashad 2076 (Figure in 000)

Particulars Note Current Year Previous Year

Non-operating income xxx xxx
(xxx) (xxx)
Non-operating expense
xxx xxx
Profit before income tax

Income tax expense:

Current tax (xxx) (xxx)
Deferred tax (xxx) (xxx)

xxx xxx
Profit for the period

Profit attributable to:

Equity holders of the bank xxx xxx
Non-controlling interest xxx xxx
xxx xxx
Profit for the period

Earnings per share:

Basic earnings per share xxx xxx
Diluted earnings per share xxx xxx
3. Statement of Retained earnings

The statement of retained earnings is that component of financial statements which contains the apportionment of net
income earned by a company into dividends and reserves.

… Company
Statement of Retained earnings
For the year/period ended ……..

Amount Amount
Particulars
(Rs) (Rs)
Beginning balance of retained earnings (from trial balance) xxx
Add: Net income (from income statement) xxx

Total profit available for distribution xxx

Less: Distributions:
Interim dividend paid (from trial balance) xxx
Proposed dividend (from adjustment) xxx
Transfer to reserve (from adjustment) xxx xxx
Ending balance of retained earnings xxx
4. Statement of Financial Position

Statement of financial position is also known as balance sheet.

It is a statement of assets and liabilities of a business enterprise at given date.

It is a statement summarizing the financial position of the firm.

The financial position of the firm can be revealed through the picture of its assets, liabilities and shareholders’ equity.
Assets Amount (Rs.) Amount (Rs.)
Current assets:
Cash xxx
Marketable securities xxx
Account receivable xxx
Merchandise inventory … Company xxx
Statement of Financial Position
Prepaid insurance As on …….. xxx
Store supplies xxx
Notes receivables (Short-term) xxx

Total current assets xxx

Investments:
Land held for future office site xxx
Investment in other company's share/Debenture/Bon xxx
Notes Receivable (Long-term) xxx

Total investments xxx

 … Company
Balance Sheet
As on ……..

Assets Amount (Rs.) Amount (Rs.)

Property, plant and equipment:
Land xxx
Buildings xxx
Less: Accumulated depreciation … Company (xxx)
Statement of Financial Position
Store furniture and fixtures As on …….. xxx
Less: Accumulated depreciation (xxx)
Total property, plant and equipment xxx
Intangibles and fictitious assets :
Franchise agreement xxx
Goodwill xxx
Patents xxx
Trademark xxx
Unamortized expenses xxx
Total intangibles and fictitious assets xxx
Total assets xxx
Liabilities and stockholders’ equity
Current liabilities and Provision:
Account payable xxx
Salaries and wages payable xxx
Income taxes payable … Company xxx
Interest payable Statement of Financial Position xxx
As on ……..
Bank loan payable (mature within the year), current maturity of long-term xxx
deb xxx
Notes payable (Short-term) xxx
Provision for tax xxx
Proposed dividend
Total current liabilities xxx
Long-term debt:
Notes payable (Long-term) xxx
Bonds payable xxx
Bank loan payable xxx
Total long-term debt Xxx
Total liabilities Xxx
Contributed capital/Stockholders' fund:
Capital / Common stock xxx
Preferred stock /Preference share capital xxx
Paid in excess of par value/Additional paid in capital (Share premium) Xxx
Reserves xxx
… Company
Total contributed capital Statement of Financial Position
xxx
Retained earnings As on …….. xxx
Total stockholder’s equity xxx
Total liabilities and stockholder’s equity xxx
Statement of Financial Position as per Practice under NFRS

… Company
Statement of Financial Position
As on ……..
Assets Notes 20X2 20X1

Non-Current Assets:
Property, plant and equipment xxx xxx
Intangible assets xxx xxx
Biological assets xxx xxx
Investment property xxx xxx
Investments in associates xxx xxx
Other investments xxx xxx
Deferred-tax assets xxx xxx
Other receivables xxx xxx
Total non-current assets xxx xxx
 Notes 20X2 20X1
Current Assets:
Investments xxx xxx
Inventories xxx xxx
Biological assets … Company xxx xxx
Statement of Financial Position
Income tax receivable As on …….. xxx xxx
Trade and other receivables xxx xxx
Cash and cash equivalents xxx xxx
Assets classified as held for sale xxx xxx
Total Current Assets xxx xxx
Total Assets xxx xxx
Equity:
Share capital xxx xxx
Reserves xxx xxx
Non-controlling interests xxx xxx
Total equity xxx xxx
 Notes 20X2 20X1

Liabilities

Non-Current Liabilities:
… Company
Statement of Financial Position
Loans and borrowings As on ……..
xxx xxx

Employee benefits xxx xxx

Deferred government grants/ revenue xxx xxx

Derivative financial liabilities xxx xxx

Provisions xxx xxx

Deferred tax liabilities xxx xxx

Total Non-Current Liabilities xxx xxx

 Notes 20X2 20X1
Current Liabilities:
Loans and borrowings xxx xxx
… Company
Trade and other payables Statement of Financial Position
xxx xxx
As on ……..
Income tax liability xxx xxx
Employee benefits xxx xxx
Provisions xxx xxx
Derivative financial liabilities xxx xxx
Liabilities directly associated with assets classified as held for sale xxx xxx
Total current liabilities xxx xxx
Total liabilities xxx xxx
Total equity and liabilities xxx xxx
Statement of Financial Position as per NRB Directives
 … Company
Statement of Financial Position
As on ……..
Particulars Note Current Year Previous Year
Assets
Cash and cash equivalent Xxx xxx
Due from Nepal Rastra Bank Xxx xxx
Placement with Bank and Financial Institutions Xxx xxx
Derivative financial instruments Xxx xxx
Other trading assets Xxx xxx
Loan and advances to B/FIs Xxx xxx
Loans and advances to customers Xxx xxx
Investment securities Xxx xxx
Current tax assets Xxx xxx
Investment in subsidiaries Xxx xxx
Investment in associates xxx xxx
Investment property xxx xxx
Property and equipment xxx xxx
Goodwill and Intangible assets xxx xxx
Deferred tax assets xxx xxx
Other assets xxx xxx
Total Assets xxx xxx
 Particulars Note Current Year Previous Year

Liabilities
Due to Bank and Financial Institutions xxx xxx
Due to Nepal Rastra Bank xxx xxx
Derivative financial instruments xxx xxx
Deposits from customers xxx xxx
Borrowing xxx xxx
Current Tax Liabilities xxx xxx
Provisions xxx xxx
Deferred tax liabilities xxx xxx
Other liabilities xxx xxx
Debt securities issued xxx xxx
Subordinated Liabilities xxx xxx
Total liabilities xxx xxx
 Particulars Note Current Year Previous Year

Equity
Share capital xxx xxx
Share premium xxx xxx
Retained earnings xxx xxx
Reserves xxx xxx
Total equity attributable to equity holders xxx xxx
Non-controlling interest xxx Xxx
Total equity xxx Xxx
Total liabilities and equity xxx Xxx
Contingent liabilities and commitment xxx Xxx
Net assets value per share xxx xxx
Statement of Changes in Equity

As per NFRS, statement of changes in owners' equity is prepared to identify and determine the changes in
shareholders' equity of the company during a year.

This statement shows changes in various headings of equity. The ending balance of this statement is
transferred to statement of financial position (i.e. Balance Sheet).

The following format is used to prepare statement of changes in owner's equity under NFRS:
 … Company
Statement of Changes in Equity
As on ……..

Capital Foreign
Share Treasury Revaluati Non
Not Share Redempti Exchang Other Retained
Particulars Premiu Share on Controlling Total
es Capital on e Reserve earnings
m Reserve Reserve Interest
Reserve Reserve
Balance at ..... Shrawan 20X1 xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Profit for the year xxx xxx xxx
Other Comprehensive Income xxx xxx xxx xxx xxx xxx
Issue of Share Capital xxx xxx xxx
Dividends to shareholders (xxx) (xxx) (xxx)
Shares to be issued as part of xxx xxx xxx
consideration in business
combination
Shared based payment xxx xxx xxx
Issues of Shares held by ESOP xxx xxx xxx
to employees
Shared purchased for (xxx) (xxx) (xxx)
cancellation
Balance at 31 Ashad 20X2 xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx