NSE Listing Agreement - Part - II
| Updated at | March 2010 |
Format for publication of Annual audited results (Companies opting to give audited results instead of unaudited fourth quarter results)
Annexure I
(Rs in lacs)
Particulars
(1) Figures for the 9 months
(2) Figures for the last quarter
(3) Figures for the corresponding quarter of the previous year
(4) Audited figures for the current year
(5) Audited figures for the previous year
1. Net Sales/Income from Operations
2. Other Income
3. Total Expenditurea. Increase/decrease in stock in tradeb. Consumption of raw materialsc. Staff costd. Other expenditure(Any item exceeding 10% of the total expenditure to be shown separately).
4. Interest
5. Depreciation
6. Profit (+)/Loss(-) before tax (1+2-3-4-5)
7. Provision for taxation
8. Net Profit (+)/Loss (-) (6-7)
9. Paid-up equity share capital (face value of the share shall be indicated)
10. Reserves excluding revaluation reserves (as per balance sheet) of previous accounting year to be given in column (5)
11. Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised)
12. (Applicable for half yearly financial results)aggregate of non promoting shareholding*- no. of shares- percentage of shareholding
Non promoters shareholding- as classified under category B in the shareholding pattern in the Clause 35 of Listing Agreement
Notes: All the notes applicable to the format of un-audited quarterly financial results specified under Clause 41 of the Listing Agreement shall also be applicable to this format.
Companies which have changed their name suggesting any new line of business (including software business) shall disclose the turnover and income etc from such new activities separately in the quarterly/annual results.
Companies which have changed their names after January 1, 1998 or change the name hereafter shall make such disclosures and shall continue to make these disclosures for a period of 3 years from the date of change in the name.
The quarterly results shall be prepared on the basis of accrual accounting policy and on uniform accounting practices for all the periods. The unaudited results should be based on the same set of accounting policies as those followed in the previous year. In case, there are changes in the accounting policies, the results of previous year will be recast as per the present accounting policies, to make it comparable with current year results.
The quarterly results shall be prepared on the basis of accrual accounting policy and in accordance with uniform accounting practices adopted for all the periods on quarterly basis. The pro-forma for submitting the results for companies other than Banks is given below:
Quarterly Results For Period ______ To ______(For Companies Other Than Banks)
(Rs. In Lakhs)
(1)
(2)
(3)
(4)
(5)
3 months ended
Corresponding 3 months in the previous year.
Year to Date figures for current period
Year to date figures for the previous year
Previous accounting year
1. Net Sales/Income from Operations
2. Other Income
3. Total Expenditurea) Increase/decrease in stock in Tradeb) Consumption of raw materialsc) Staff costd) Other expenditure(Any item exceeding 10% of the total expenditure to be shown separately).
4. Interest
5. Depreciation
6. Profit (+)/Loss(-) before tax (1+2-3-4-5)
7. Provision for taxation
8. Net Profit (+)/Loss (-) (6-7)
9. Paid-up equity share capital (Face Value of the Share shall be indicated)
10. Reserves excluding revaluation reserves (as per balance sheet) of previous accounting year to be given in column (5)
11. Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised)
12. *(Applicable for half yearly financial results): Aggregate of non-promoter shareholding**- Number of shares- Percentage of shareholding
The companies shall be required to disclose the aggregate non-promoter shareholding along with the half yearly financial results with effect from the half year ending on or after March 31, 2001. Companies shall also be required to disclose the aggregate non-promoter shareholding at the end of the corresponding half year in the previous year and at the end of the previous accounting year from the half year ending on or after March 31, 2002.
Non Promoter Shareholding - as classified under category B in the shareholding pattern in Clause 35 of Listing Agreement.
Notes:
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Any event or transaction that is material to an understanding of the results for the quarter including completion of expansion and diversification programmes, strikes, lock-outs, change in management, change in capital structure etc, shall be disclosed. Similar material event or transactions subsequent to the end of the quarter, the effect whereof is not reflected in the results for the quarter shall also be disclosed.b. All material non-recurring/abnormal income/gain and expenditure/loss and effect of all changes in accounting practices affecting the profits materially must be disclosed separately.c. In case of companies whose revenues are subject to material seasonal variations, they shall disclose the seasonal nature of their activities and may also supplement their unaudited financial results into information for 12 month periods ended at the interim date (last day of the quarter) for the current and preceding years on a rolling basis.d. Company shall give the following information in respect of dividend paid or recommended for the year including interim dividends declared:
Amount of Dividend distributed or proposed distinguishing between different classes of shares and Dividend per share also indicating nominal value per share.
Where Dividend is paid or proposed pro-rata for shares allotted during the year, the date of allotment, number of shares allotted pro-rata amount of dividend per share and the aggregate amount of dividend paid or proposed on pro-rata basis.
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The effect of changes in composition of the company during the quarter, including business combinations, acquisitions or disposal of subsidiaries and long term investments, restructuring and discontinuing operations shall be disclosed.f. (i) If there is/are any qualification(s) by the Auditors in respect of Audited Accounts of any period, then the company shall disclose the same along with the impact of such audit qualification(s) on the profit or loss while publishing the accounts for the said period.(ii) While publishing unaudited quarterly results, the company shall disclose how the qualification(s), if any, by the Auditors in respect of the Audited Accounts of the previous accounting year has/have been addressed in the unaudited quarterly results and if the same is not addressed, then the impact that the qualification(s) would have had on the profit or loss in the unaudited quarterly results shall be disclosed.(iii) The company, while furnishing the audited or unaudited financial results to the exchange, shall also explain to the exchange about the reasons for the qualification's) referred under (i) and (ii) above, why the company had failed to publish accounts without such audit qualifications) and when the company will remove the qualification(s) and publish accounts without such qualifications)."
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If the company is yet to commence commercial production, then instead of the quarterly results, the company should give particulars of the status of the project, its implementation and the expected date of commissioning of the project.h. The un-audited results send to Stock Exchange/s and published in newspapers should be based on the same set of accounting policies as those followed in the previous year. In case, there are changes in the accounting policies, the results of previous year will be recast as per the present accounting policies, to make it comparable with current year results.
If the period of the Financial Year is more than 12 months and not exceeding 15 months there will be 5 Quarters and is more than 15 months but not exceeding 18 months there will be 6 Quarters and the financial results will be intimated to the Exchange and published in the Newspapers accordingly. Half yearly results which are required to be subjected to the "Limited Review" by the Auditors shall be prepared for the first two quarters where the Financial Year does not exceed 15 months and for the first two quarters and also separately for the third and fourth quarters where the Financial Year exceeds 15 months.
Alternative format for un-audited financial results:
The manufacturing and trading/service companies which have followed functional (secondary) classification of expenditure in the annual profit and loss account in their most recent annual report may furnish un-audited financial results on a quarterly basis in the alternative format. The proforma for submitting the results for companies in the alternative format is given below:
Quarterly Results For the Period ______ TO ______(Alternative format of financial results for...
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