Comparative figures in annual report


James Parekh   18 August 2019

James Parekh

 2 points

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Hi Fellows

I have observed that in the Annual Report of the company I have selected have the prepaid expense of INR 4.18crores in 2018 annual report but in the Annual Report of 2019, there are prepaid expenses of INR 16.17crores in 2018 as a comparative.

This is the case for many figures like the cost of sales, Revenue, EPS, etc

I have read the full Annual Report but I couldn’t find any notes regarding the same

Also if you can highlight the reason behind the inconsistency in figures ??

 

avater

sabyasachi mukherjee   16 September 2019

sabyasachi mukherjee

 38 likes  1180 points

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What does prepaid expense mean?
It is shown as an Asset .
Under Current Asset head.


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