Guidance Note on the Revised Schedule VI to the Companies Act, 1956
140
balance-sheet should not be
included unless they are in respect
of period which closed on or before
the date of balance-sheet.
EXPENSES
(i) In case of manufacturing companies,-
The value of the raw materials
consumed, giving item-wise break-
up and indicating the quantities
thereof. In this break-up, as far as
possible, all important basic raw
materials shall be shown
separately. The intermediates or
components procured from other
manufacturers may, if their list is
too large to be included in the
break-up, be grouped under
suitable headings without
mentioning the quantities, provided
all those items which in value
individually account for 10 per cent
or more of the total value of raw
material consumed shall be shown
as separate and distinct items with
quantities thereof in the break-up.
In this case, if a company falls
under more than one category, it
shall be sufficient compliance with
the requirements, if the total
amounts are shown in respect of
the opening and closing stocks,
Purchases, Sales and Consumption
of raw materials with value and
quantitative break-up and the gross
income from services rendered is
shown.
(ii) In case of trading companies, the
purchases made and the opening
and the closing stocks, giving
break-up in respect of each class of
goods traded in by the company
and indicating the quantities
(i) Cost of Materials consumed
(Manufacturing Companies) –
Raw Materials under broad heads.
In this case, if a company falls
under more than one category, it
shall be sufficient compliance with
the requirements, if purchases,
sales and consumption of raw
material and gross income from
services rendered is shown under
broad-heads.
(ii) Purchase of Stock-in-Trade
(Trading Companies) – goods
traded in by the company under
the broad-heads.