Page 8 - 32. ANALYSIS OF FS

B. OTHER EQUITY
Reserves & Surplus
Retained Earnings
(Rs.)
As at 31st March, 2019 -
Profit for the year 2,50,500

Other comprehensive income for the year 700
Total comprehensive income for the year 2,51,200
Less: Dividend on equity shares (refer note – 4) -
As at 31st March, 2020 2,51,200

DISCLOSURE FORMING PART OF FINANCIAL STATEMENTS:
Proposed dividend on equity shares is subject to the approval of the shareholders of the company at the
annual general meeting and not recognized as liability as at the Balance Sheet date. (refer note-4)
Notes:

1. Current investments are held for the purpose of trading. Hence, it is a financial asset classified as FVTPL.
Any gain in its fair value will be recognised through profit or loss. Hence, Rs. 20,000 (50,000 – 30,000)
increase in fair value of financial assets will be recognised in profit and loss.
2. Assets for which the future economic benefit is the receipt of goods or services, rather than the right to

receive cash or another financial asset, are not financial assets.
3. Liabilities for which there is no contractual obligation to deliver cash or other financial assets to another
entity, are not financial liabilities.
4. As per Ind AS 10, ‘Events after the Reporting Period’, If dividends are declared after the reporting period
but before the financial statements are approved for issue, the dividends are not recognized as a liability
at the end of the reporting period because no obligation exists at that time. Such dividends are disclosed

in the notes in accordance with Ind AS 1, Presentation of Financial Statements.
5. Other current financial liabilities:
(Rs.)
Balance of other current liabilities as per financial statements 45,000
Less: Dividend declared for FY 2019 - 2020 (Note – 4) (15,000)
Reclassification of government statutory dues payable to ‘other
current liabilities’ (15,000)
Closing balance 15,000

Working Note:
Calculation of deferred tax on temporary differences as per Ind AS 12 for financial year 2019 – 2020:
Item Carrying Tax Differenc DTA / DTL @
amount base e 30% (Rs.)
(Rs.) (Rs.) (Rs.)
Property, Plant and Equipment 1,00,000 80,000 20,000 6,000-DTL
Pre-incorporation expenses Nil 24,000 24,000 7,200-DTA
Current Investments 50,000 30,000 20,000 6,000-DTL
Net DTA 4,800-DTL

32.7