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Friday, April 20, 2012

SEBI unveils new format for reporting financial results

Mumbai: The SEBI has unveiled a new reporting format for disclosing financial results for companies other than banks.

The new format follows a February notification from the Ministry of Corporate Affairs.

The notification incorporates changes in listing agreement regarding disclosure of interim financial results by listed companies.

Companies have to file their income statement and balance sheet in this format starting FY12.

Companies filing consolidated results have to include details of profit / loss of associates and minority interest. They have to provide separate details on promoter/ promoter group shares pledged.

In their balance sheets, companies now have to provide details of money received against share warrants under shareholder's funds.

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