Comparative financial statement

Indian Accounting Standards 354 views 1 replies

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 ??

 

Replies (1)
Its mandatory to give previous years figures in the Balance Sheet as per schedule 111 of the Companies Act.


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