Comparative financial statement

James Parekh   18 August 2019

James Parekh

 2 points

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

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

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

Please highlight the reason behind the inconsistency in figures ??



sabyasachi mukherjee   16 September 2019

sabyasachi mukherjee

 38 likes  1184 points

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Its mandatory to give previous years figures in the Balance Sheet as per schedule 111 of the Companies Act.

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