FORM NO. 23AB
(See Rule 7A)

Statement contenting salient features of balance sheet and profit and loss

account, etc. as per section 219(1)(b)(iv)
Form of Abridged Balance Sheet

Name of the Company …………………….

Abridged balance sheet as at …………………
Particulars Figures at the end of

Current financial
year

Previous financial
year

I SOURCES OF
FUNDS
(4)
Shareholders
funds
(a) Capital
(i) Equity
(ii)
Preference
(iii)
Reserves and
surplus
(b) Reserves
and surplus
(i) Capital
reserve
(ii)
Revenue
reserve
(iii)
Revaluation
reserve
(iv) Surplus
in profit and
loss account
(v) Share
premium
reserve
(vi)
Investment
allowance
reserve]
(5) Loan funds

d loans Total of (1) and (2) II APPLICATION OF FUNDS (4) Fixed assets (a) Net block —— (Original cost less depreciation) (b) Capital work-in- progress (5) Investments (a) Government securities (b) Investment in subsidiary companies (i) Quoted (ii)Unquoted (c) ©others (i) Quoted (ii)Unquoted

(6) (I) Current
assets, loans
and advances
(a)
Inventories
(b) Sundry
debtors
(c) ©Cash
and bank
balances
(d) other
current
assets
(e) Loans
and
advances
(i) To
subsidiary
companies
(ii) To
others

Less:
(i) Current
liabilities and
provisions
(a)
Liabilities
(b)
Provisions
Net current
assets (I—ii)
(4)
Miscellaneous
expenditure to
the extent not
written off or
adjusted
(5) Profit and
loss account
Total of 1 to 5
Abridged profit and loss account for the year ending …………….

Particulars Figures at the end of

Current financial
year

Previous financial
year

I. Income

1 Sales/services
rendered
(Details to be
given
separately as
per Annexure)
2 Dividend
3 Interest
4 Other income
(See Note 5)
Total
II Expenditure
Cost of goods
consumed/sold
(i) opening
stock
(ii) Purchases
Less:
Closing
stock
Manufacturing
expenses
Selling
expenses
Salaries, wages
and other
employee
benefits
managerial
remuneration
Interest
Depreciation
Auditor’s
remuneration
Provisions for
(I) Doubtful
debts; and
(ii) Other
contingencies
(to be specified)

Any other
expenses (See
Note 5)
Total
III Profit/loss
before tax (I-II)
IV Provision for
taxation
V Profit/loss after

tax
VI Proposed
dividend:
—preference
shares
—Equity shares
VII Transfer to
reserves/surplus

Notes to the abridged balance sheet and the abridged profit and loss account.
1 The amounts to be shown here should be the same as shown in the
corresponding aggregated heads in the accounts as per Schedule VI or as near
thereto as possible.
2 The total amount of contingent liabilities and that of capital commitments should
be shown separately.
3 All notes forming part of the accounts as per Schedule VI to which specific
attention has been drawn by the auditors or which form a subject-matter of
qualification by the auditor should be reproduced.
4 If fixed assets are revalued, the amount of revaluation should be shown
separately for the first five years subsequent to the date of revaluation.
5 Any item which constitutes 20% or more of the total income of or expenditure
(including provision) should be shown separately.
6 Amount , if material, by which any items shown in the profit and loss account are
affected by any change in the basis of accounting, should be disclosed
separately.
7 If no provision is made for depreciation, the fact that no provision has been made
shall be stated along with the quantum of arrears of depreciation computed in
accordance with section 205(2) of the Act.
8 Market value of quoted investments (both for current year as also of previous
year) should be mentioned.
9 Any noted forming part of the accounts as per Schedule VI which is in the nature
of any explanation regarding compliance with any law should be reproduced.
10 Important ratio performance such as sales/total assets ratio, operating
profit/capital employed ratio, return on net worth profit/sales ratio.
11 Details of installed capacity and productivity of main items manufactured should
be disclosed.

12 Notes in the abridged balance sheet should be given the same number as in
the main balance sheet.
The above stated salient features of balance sheet and profit and loss account
should be authenticated in the same manner as the main accounts are to be
authenticated.

Auditor’s report and the comments, if any, of the Comptroller and Auditor-
General of India under sub-section (4) of section 619, in the respect of Government

companies and companies under section 619B.
DIRECTORS REPORT
Should be given in full except the information under clause (e) of sub-section
(1) and sub-section (2A) of section 217.
Subsidiary company/companies——–
Every holding company shall give a statement relating to its subsidiary

company/companies to be furnished in pursuance of clauses (e), (f) and (g) of sub-
section (1) of section 212.

(Signed by Directors/Secretary in the
manner prescribed in section 215(1).