Networth formula as per IndAS

YASASWI GOMES (49 Points)

23 January 2021  

Hi,

 

Net worth shall have the same meaning as defined under section 2(57) of the Companies Act, 2013.

Net worth = (Total paid-up share capital + reserves out of profit + securities premium account)  (accumulated losses + expenditure + miscellaneous expenditures which are written off).

Net worth shall be calculated from the first audited financial statement

 

Txs