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Accounting Policies of Shiva Global Agro Industries Ltd. Company

Mar 31, 2015

A) BASIS FOR PREPARATION OF FINANCIAL STATEMENTS:

The financial statements have been prepared on the basis of going concern, under the historic cost convention on accrual basis, to comply in all material aspects with applicable generally accepted accounting principles in India ("Indian GAAP"), the Accounting Standards ("AS") notified under Section 133 of the Companies Act, 2013 ("the Act"), read with Rule 7 of the Companies (Accounts) Rules, 2014, the provisions of the Act (to the extent notified) and guidelines issued by the Securities and Exchange Board of India (SEBI).

All the assets and liabilities have been classified as current or non-current as per the Company's normal operating cycle and other criteria set out in the Schedule III to the Companies Act, 2013. The Company has ascertained its operating cycle as twelve months for the purpose of current and non- current classification of assets and liabilities.

b) USE OF ESTIMATES:

The preparation of the financial statements in conformity with Indian GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, revenues and expenses and the contingent liabilities as at the date of the financial statements and the results of the operations during the year.

Management believes that the estimates used in the preparation of financial statements are prudent and reasonable. Actual results could differ from these estimates. Any revision to accounting estimates is recognized prospectively in the current and future periods.

c) FIXED ASSETS AND DEPRECIATION & AMORTIZATION:

i) Tangible Fixed Assets:

Fixed Assets are stated at original cost net of tax/ duty credits availed, if any, less accumulated depreciation and impairment losses, if any. Cost comprises of the acquisition price/construction cost, cost of borrowings till the date of capitalization in the case of assets involving material investment and substantial lead time and any attributable expenditure incurred in bringing the asset to its working condition for the intended use.

ii) Depreciation and amortization:

(a) Tangible Assets, other than Land, are depreciated on a pro-rata basis on the Straight-Line method as per the useful life specified in Schedule II of the Companies Act, 2013 effective from 01st April, 2014. Accordingly, the unamortized carrying value as on 01.04.2014 of those assets whose useful lives is exhausted has been adjusted against Retained Earnings and the unamortized carrying value of remaining assets is depreciated over the remaining useful lives of the assets.

(b) Intangible Assets is amortized on the basis of Straight-Line method. Specified software purchased is amortized over their estimated useful lives of three years.

iii) Intangible Assets:

Intangible Assets are stated at their cost of acquisitions less accumulated amortization and impairment losses, if any. An asset is recognized, where it is probable that the future economic benefits attributable to the assets will flow to the enterprises and where its cost can be reliably measured.

d) IMPAIRMENT OF ASSETS:

The carrying amounts of assets are reviewed at each reporting date, if there is any indication of impairment based on internal / external factors. If the carrying amount of assets exceeds the recoverable amount on the reporting date, the carrying amount is reduced to the recoverable amount. The recoverable amount is measured as the higher of the net selling price and the value in use determined by the present value of estimated future cash flows.

e) FOREIGN CURRENCY TRANSACTIONS AND FORWARD CONTRACTS:

i) Transactions in foreign currencies are recorded at the exchange rates prevailing on the date of transaction. Foreign currency monetary items are translated at year end exchange rates. Exchange difference arising on settlement of transactions and translation of monetary items are recognized as income or expense in the year in which they arise.

ii) In respect of forward exchange contracts entered into to hedge risks associated with foreign currency fluctuation on its existing assets and liabilities, the premium or discount at the inception of the contract is amortized as income or expense over the period of the contract. Any profit or loss arising on cancellation of such forward exchange contracts is recognized as income or expense in the Statement of Profit and Loss of the year.

f) INVESTMENTS :

Long term investments are carried at cost less provision for diminution, other than temporary, in the value of such investments.

Current investments are carried individually, at lower of cost and fair value.

g) INVENTORIES:

i) Raw materials, stores and spares and packing materials are valued at cost (net of input credits) or net realizable value whichever is lower calculated on first-in-first-out (FIFO) basis.

ii) Finished goods including those held for captive consumption and work- in-process are valued at cost or net realizable value whichever is lower, calculated on weighted average basis. Cost comprises of material, labor, power, depreciation, excise duty payable/paid wherever applicable and appropriate portion of overheads incurred in bringing the inventories to their present location & condition.

iii) Stock in trade is valued at cost (net of input credits) or net realizable value whichever is lower, calculated on first-in-first-out (FIFO) basis.

iv) Scrap and Agricultural produce is valued at Net Realizable Value.

h) REVENUE RECOGNITION:

i) Revenue from sale of products is recognized when the significant risks and rewards of ownership of the goods have passed to the buyer and there is no uncertainty regarding amount of consideration & collectivity. Sales include amounts recovered towards excise duty and exclude sales tax/value added tax.

ii) Subsidy is recognized on the basis of the rates notified from time to time by the Government of India in accordance with the Nutrient Based Subsidy (NBS) policy on the quantity of fertilizers sold by the Company for the period for which notification has been issued.

iii) Income from services rendered is recognized based on the agreements/arrangements with the concerned parties and when services are rendered.

iv) Dividend income from investments is recognized when right to receive is established.

v) Interest income is recognized on a time proportion basis taking into account the amount outstanding and transactional interest rate applicable.

i) EMPLOYEES BENEFITS:

i) Short-term employee benefits are recognized as an expense at the undiscounted amount in the Statement of Profit and Loss for the year in which the related service is rendered.

ii) The eligible employees of the company are entitled to receive benefits under the Provident Fund, a defined contribution plan in which both the employees and the company makes monthly contributions at a specified percentage of the covered employees' salary. The contributions as specified under the law are paid to the Regional Provident Fund Commissioner and the Central Provident Fund under the Pension scheme. The company recognizes such contributions as expense of the year in which the liability is incurred.

iii) The provision for Gratuity Liability is provided for eligible employees during the year on accrual basis.

j) BORROWING COSTS:

Borrowing Costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use. All other borrowing costs are charged to the Statement of Profit and Loss.

k) PROVISIONS, CONTINGENT LIABILITIES & CONTINGENT ASSETS:

i) Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources.

ii) Contingent liabilities disclosed for

a. possible obligation which will be confirmed only by future events not wholly within the control of the Company or

b. Present obligations arising from past events where it is not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

iii) Contingent assets are neither recognized nor disclosed in the financial statements.

l) TAXES ON INCOME:

i) Current tax is determined as the amount of tax payable in respect of taxable income for the year as determined in accordance with the provisions of the Income Tax Act, 1961.

ii) Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future economic benefits in the form of adjustment to future income tax liability, is considered as an asset, if there is convincing evidence that the Company will pay normal income tax. Accordingly, MAT is recognized as an asset in the Balance Sheet when it is probable that future economic benefit associated with it will flow to the Company.

iii) Deferred tax is recognized on timing differences being the difference between taxable income and accounting income that originate in one period and are capable of reversal in subsequent periods, subject to consideration of prudence.

m) SEGMENT REPORTING

i) Business segment

The Company has considered business segment as the primary segment for disclosure. The Company is primarily engaged in the manufacture and trading of Farm Inputs, which in the context of Accounting Standard 17 "Segment Reporting" is considered the only business segment.

ii) Geographical segment

The Company sells its products only within India where the conditions prevailing are uniform. Hence, no separate geographical segment disclosure is necessary.

n) EARNINGS PER SHARE:

Basic earnings per shares has been calculated by dividing profit for the year attributable to equity shares holders by the weighted average number of equity shares outstanding during the year. The Company has not issued any potential equity shares and accordingly, the basic earnings per share and diluted earnings per shares are the same.


Mar 31, 2014

A) BASIS FOR PREPARATION OF FINANCIAL STATEMENTS :

The financial statements have been prepared on the basis of going concern, under the historic cost convention on accrual basis, to comply in all material aspects with applicable generally accepted accounting principles in India ("Indian GAAP"), the Accounting Standards ("AS") notified under Section 211 (3C) of the Companies Act, 1956 ("the 1956 Act") (which continue to be applicable in respect of Section 133 of the Companies Act, 2013 ("the 2013 Act") in terms of General Circular 15/2013 dated 13 September 2013 of Ministry of Corporate Affairs) and the relevant provisions of the 1956 Act/ 2013 Act, as applicable.

B) USE OF ESTIMATES :

The preparation of the financial statements in conformity with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, revenues and expenses and the disclosure of contingent liabilities as at the date of the financial statements and the results of the operations during the reporting year. Actual results could differ from these estimates and the difference between the actual results and the estimates are recognized in the period in which the results known/materialize.

C) FIXED ASSETS AND DEPRECIATION & AMORTIZATION :

i) Tangible Fixed Assets: Fixed Assets are stated at original cost net of tax/ duty credits availed, if any, less accumulated depreciation and impairment losses, if any. Cost of acquisition comprises all costs incurred to bring the assets to their location and working condition up to the date the assets are put to use. Costs of construction are composed of those costs that relate directly to specific assets and those that are attributable to the construction activity in general and can be allotted to the specific assets up to the date the assets are put to use. The expenditure incurred during the period of construction is debited to the capital work-in-progress and on completion the costs are allotted to the respective fixed assets.

ii) Depreciation and amortization :

Depreciation on fixed assets is provided on the straight-line method as per the rates prescribed in Schedule XIV to the Companies Act, 1956.

iii) Intangible Assets: Intangible Assets are stated at their cost of acquisitions less accumulated amortization and impairment losses, if any. An asset is recognized, where it is probable that the future economic benefits attributable to the assets will flow to the enterprises and where its cost can be reliably measured. Specified software purchased is amortized over a period of three years.

D) INVESTMENTS :

Long term investments are carried at cost less provision for diminution, other than temporary, in the value of such investments. Current investments are carried individually, at lower of cost and fair value.

E) INVENTORIES :

i) Raw materials, stores and spares and packing materials are valued at cost (net of input credits) or net realizable value whichever is lower calculated on first-in-first-out (FIFO) basis.

ii) Finished goods including those held for captive consumption and work- in-process are valued at cost or net realizable value whichever is lower, calculated on weighted average basis. Cost comprises of material, labour, power, depreciation, excise duty payable/paid wherever applicable and appropriate portion of overheads incurred in bringing the inventories to their present location & condition.

iii) Stock in trade is valued at cost (net of input credits) or net realizable value whichever is lower, calculated on first-in-first-out (FIFO) basis.

F) REVENUE RECOGNITION :

i) Revenue from sale of products is recognized when the significant risks and rewards of ownership of the goods have passed to the buyer and there is no uncertainty regarding amount of consideration & collectivity. Sales include amounts recovered towards excise duty and exclude sales tax/value added tax.

ii) Subsidy is recognized on the basis of the rates notified from time to time by the Government of India in accordance with the Nutrient Based Subsidy (NBS) policy on the quantity of fertilizers sold by the Company for the period for which notification has been issued.

iii) Income from services rendered is recognized based on the agreements/arrangements with the concerned parties and when services are rendered.

iv) Dividend income from investments is recognized when right to receive is established.

v) Interest income is recognized on a time proportion basis taking into account the amount outstanding & transactional interest rate applicable.

G) BORROWING COST :

Borrowing Costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use. All other borrowing costs are charged to the Statement of Profit and Loss.

H) TAXES ON INCOME :

i) Current tax is determined as the amount of tax payable in respect of taxable income for the year as determined in accordance with the provisions of the Income Tax Act, 1961.

ii) Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future economic benefits in the form of adjustment to future income tax liability, is considered as an asset, if there is convincing evidence that the Company will pay normal income tax. Accordingly, MAT is recognized as an asset in the Balance Sheet when it is probable that future economic benefit associated with it will flow to the Company.

iii) Deferred tax is recognized on timing differences being the difference between taxable income and accounting income that originate in one period and are capable of reversal in subsequent periods, subject to consideration of prudence.

I) EARNINGS PER SHARE :

Basic earning per shares has been calculated by dividing profit for the year attributable to equity shares holders by the weighted average number of equity shares outstanding during the year. The Company has not issued any potential equity shares and accordingly, the basic earning per share and diluted earning per shares are the same.

J) EMPLOYEES BENEFITS :

i) Short-term employee benefits are recognized as an expense at the undiscounted amount in the Statement of Profit and Loss for the year in which the related service is rendered.

ii) The eligible employees of the company are entitled to receive benefits under the Provident Fund, a defined contribution plan in which both the employees and the company makes monthly contributions at a specified percentage of the covered employees'' salary. The contributions as specified under the law are paid to the Regional Provident Fund Commissioner and the Central Provident Fund under the Pension scheme. The company recognizes such contributions as expense of the year in which the liability is incurred.

K) PROVISIONS, CONTINGENT LIABILITIES & CONTINGENT ASSETS :

i) Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources.

ii) Contingent liabilities disclosed for

a. possible obligation which will be confirmed only by future events not wholly within the control of the Company or

b. present obligations arising from past events where it is not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount of obligation cannot be made.

iii) Contingent assets are neither recognized nor disclosed in the financial statements.

l) SEGMENT REPORTING :

i) Business segment : The Company has considered business segment as the primary segment for disclosure. The Company is primarily engaged in the manufacture and trading of Farm Inputs, which in the context of Accounting Standard 17 "Segment Reporting" is considered the only business segment.

ii) Geographical segment : The Company sells its products mainly within India where the conditions prevailing are uniform. Since the sales outside India are below the threshold limit, no separate geographical segment disclosure is considered necessary

M) FOREIGN CURRENCY TRANSACTIONS :

i) Transactions in foreign currencies are recorded at the exchange rates prevailing on the date of transaction. Foreign currency monetary assets and liabilities are translated at year end exchange rates. Exchange difference arising on settlement of transactions and translation of monetary items are recognized as income or expense in the year in which they arise.

ii) In respect of forward exchange contracts entered into to hedge risks associated with foreign currency fluctuation on its existing assets and liabilities, the premium or discount at the inception of the contract is amortized as income or expense over the period of the contract.

iii) Any profit or loss arising on cancellation of such forward exchange contracts is recognized as income or expense in the Statement of Profit and Loss of the year.

N) IMPAIRMENT OF ASSETS :

The carrying amounts of assets are reviewed at each reporting date, if there is any indication of impairment based on internal / external factors. If the carrying amount of fixed assets exceeds the recoverable amount on the reporting date, the carrying amount is reduced to the recoverable amount. The recoverable amount is measured as the higher of the net selling price and the value in use determined by the present value of estimated future cash flows.


Mar 31, 2012

A. ACCOUNTING CONVENTION:

The financial statements are prepared under the historical cost convention on an accrual basis of accounting in accordance with the Generally Accepted Accounting Principles, Accounting Standards notified under Section 211(3C) of the Companies Act, 1956 and the relevant provisions thereof.

During the year, Revised Schedule VI notified under the Companies Act, 1956 has became applicable to the Company for preparation and presentation of its financial statements. The Company has reclassified the previous year figures in accordance with the requirements applicable in the current year.

B. USE OF ESTIMATES:

The presentation of the financial statements requires certain estimates and assumptions. These estimations and assumptions affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual result and estimates are recognized in the period in which the results are known or materialized.

C. OWN FIXED ASSETS AND DEPRECIATION AND AMORTIZATION:

i. Tangible Fixed Assets:

Fixed Assets are stated at original cost net of tax/duty credits availed, if any, less accumulated depreciation and impairment losses. Cost of acquisition comprises all costs incurred to bring the assets to their location and working condition upto the date the assets are put to use. Costs of construction are composed of those costs that relate directly to specific assets and those that are attributable to the construction activity in general and can be allotted to the specific assets upto the date the assets are put to use. The expenditure incurred during the period of construction is debited to the capital work-in-progress and on completion the costs are allotted to the respective fixed assets.

Depreciation on fixed assets is provided on straight line method at the rates and in the manner specified in Schedule XIV of the Companies Act, 1956.

ii. Intangible Assets:

Intangible Assets are stated at their cost of acquisitions less accumulated amortization and impairment losses. An asset is recognized, where it is probable that the future economic benefits attributable to the assets will flow to the enterprises and where its cost can be reliably measured. Specified software purchased is amortized over a period of three years.

D. INVESTMENTS:

Long-term investments are carried at cost less provision for diminution, other than temporary, in the value of such investments. Current investments are carried individually, at lower of cost and fair value.

E. INVENTORIES:

i. Finished goods are valued at cost or net realizable value whichever is lower. Cost comprises of material, labour, power, depreciation and appropriate portion of overheads incurred in bringing the inventories to their present location and condition.

ii. Raw materials, stores and spares and packing materials are valued at cost (net of input credits) or net realizable value whichever is lower.

F. EXCISE DUTY:

Excise duty is accounted on the basis of both, payments made in respect of goods cleared as also provision made for goods lying in bonded warehouses.

G. REVENUE RECOGNITION:

i. Revenue from sale of products is recognized when the significant risks and rewards of ownership of the goods have passed to the buyer and there is no uncertainty regarding amount of consideration and collectivity.

ii. Subsidy is recognized on the basis of the concession scheme announced by the Government of India from time to time. Subsidy is accounted for on the basis of sale made by the Company.

iii. Dividend income is recognized when right to receive is established.

iv. Interest income is recognized on time proportion basis taking into account the amount outstanding and rate applicable.

H. PRELIMINARY EXPENSES:

Preliminary expenses are amortized over a period of Five years.

I. BORROWING COST:

Borrowing Costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use. All other borrowing costs are charged to the Statement of Profit and Loss.

J. PROVISION FOR CURRENT AND DEFERRED TAX:

i. Provision for current tax is made after taking into consideration benefits admissible under the provisions of Income Tax Act, 1961.

ii. Deferred tax is recognized on the basis of timing differences between the taxable income and accounting income that originate in one year and are capable of being reversal in one or more subsequent years, subject to concept of prudence.

K. EARNINGS PER SHARE:

Basic earning per shares has been calculated by dividing profit for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. The Company has not issued any potential equity shares and accordingly, the basic earning per share and diluted earning per share are the same.

L. NET PROFIT FOR THE PERIOD AND PRIOR PERIOD ITEMS:

i. All items of income and expenses pertaining to the year are included in arriving at the net profit for the year unless specifically mentioned elsewhere in the financial statement or as required by accounting standard.

ii. Prior period items are disclosed separately in the Statement of Profit and Loss.

M. EMPLOYEE BENEFITS:

Retirement benefits in the form of contribution to provident fund are charged to the statement of profit and loss on accrual basis and deposited in employees provident fund account administered by the Central Government.

The Company has not made any provision for Gratuity as none of the employees have completed qualified period of Service.

N. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS:

i. Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources.

ii. Contingent liabilities are not recognized but are disclosed in the notes.

iii. Contingent assets are neither recognized nor disclosed in the financial statements.

O. FOREIGN CURRENCY TRANSACTIONS:

i. Transactions in foreign currencies are recorded at the exchange rates prevailing on the date of transaction. Foreign currency monetary assets and liabilities are translated at year end exchange rates. Exchange difference arising on settlement of transactions and translation of monetary items are recognized as income or expense in the year in which they arise.

ii. In respect of forward exchange contracts, the difference between the forward rate and the exchange rate at the inception of contract is recognized as income or expense over the period of the contract.

iii. Gains or losses on cancellation/settlement of forward exchange contracts are recognized as income or expense.


Mar 31, 2010

1. BASIS OF ACCOUNTING

The Financial Statements are prepared on accruals basis following the historical cost convention in accordance with generally accepted accounting principles (GAAP), in compliance with the provisions of the Companies Act, 1956 and with the accounting standards prescribed by the ICAI. Revenue are recognized and expenses are accounted on their accrual.

2. USE OF ESTIMATES

The presentation of financial statements requires certain estimates and assumptions. These estimations and assumptions affect the reported amount of assets and liabilities on date of the financial statement and the reported amount of revenues and expenses during the reporting period. Difference between the actual result and estimates are recognized in the period in which the results are knows/materialized.

3. FIXED ASSETS AND DEPRECIATION i) Tangible Assets:

Fixed Assets are stated at original cost net of tax/duty credits availed, if any, less accumulated depreciation and impairment losses. Cost of acquisition comprises all costs incurred to being the assets to their location and working condition up to the date the assets are put to use. Costs of construction are composed of those costs that relate directly to specific assets and those that are attributable to the construction activity in general and can be allotted to the specific assets up to the date the asset are put to use. The expenditure incurred during the period of construction is debited to the capital work-in-progress and on completion the costs are allotted to the respective fixed assets.

Depreciation on fixed assets is provided on straight line method at the rates and in the manner specified in Schedule XIV of the Companies Act, 1956.

ii) Intangible Assets:

Intangible Assets are stated at their cost of acquisition less accumulated amortization and impairment losses. An asset is recognized, where it is probable that the future economic benefits attributable to the assets will flow to the enterprises and where its cost can be reliably measured. Specified software purchased is amortized over a period of three years.

4. INVESTMENT

Investments are classified as current or long-term in accordance with Accounting Standard 13 on "Accounting for Investments".

Current investments are stated at lower of cost and fair value. Any reduction in the carrying amount and any reversals of such reductions are charged or credited to the profit and loss account. Long-Term Investments are stated at cost. Provision for diminution is made to recognize a decline, other than temporary, in the value of such investments.

5. INVENTORIES

Finished goods and work-in-process are valued at lower of cost or net realizable value. Cost comprises of material, labor, power, depreciation and appropriate portion of overheads incurred in bringing the inventories to their present location and condition. Raw material, material in transit, stores and spares and packing materials are valued at cost (Net of input credits) or net realizable value whichever is lower.

6. EMPLOYEE BENEFITS

a) Retirement benefits in the form of contribution to provident fund are charged to profit & loss account on accrual basis and deposited in employees provident fund account administered by the central government.

b) Gratuity liability under the payment of gratuity act is accounted on accrual basis.

7. BORROWING COST

Borrowing cost that are attributable to the construction/acquisition of manufacturing plant and other related facilities capitalized as a part of the cost of these capitalized assets till the date of completion of physical construction/mechanical completion of the plant.

8. REVENUE RECOGNITION

Revenue from sale of products is recognized when the significant risk and rewards of ownership of the goods have passed to the buyer and there is no uncertainty regarding the amount of consid- eration or collectability. Applicable subsidy on sale is included in the sales account. Other items of income are accounted as and when the right to receive arises.

9. TAXES ON INCOME

Current tax is determined as the amount of tax payable on taxable income for the year. Deferred tax are recognized on the basis of timing difference between the taxable income and accounting income that originate in one year and are capable of reversal in one or more subsequent year.

10. CASH FLOW STATEMENT

The cash flow statement is prepared by the indirect method set out in accounting standard 3 on cash flow statements and presents the cash flows by operating investing and financing activities of the Company. Cash and cash equivalents presented in the cash flow statement consist of cash on hand and demand deposits with banks.

11. PROVISIONS AND CONTINGENCIES

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources.

Contingent liabilities are not recognized, but are disclosed in the notes. Contingent assets are not recognized, but are disclosed in the notes. Contingent assets are neither recognized nor disclosed in the financial statements.

12. NET PROFIT FOR THE PERIOD AND PRIOR PERIOD ITEM

a) All items of income and expenses pertaining to the year are included in arriving at the net profit for the year unless specifically mentioned elsewhere in the financial statements or as required by accounting standards.

b) Prior period items are disclosed separately in the profit and loss account.

 
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