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How to report Fixed asset under schedule ii

This query is : Resolved 

30 September 2017 Now that property,plant and equipment has applicable from April 16 how to show it in balance sheet ending on 31.03.2017 is there any Additional reporting required

01 October 2017 not really...except for the bifurcation of current versus non current. (Normally PPE is non current subject to however the one you are sure of selling in the next following year)

01 October 2017 Do we have to stick to the format of scheduled 3 Fixed asset and current assets


01 October 2017 yes, the format as is given in the schedule III, of Companies Act 2013

01 October 2017 How to change Fixed asset to PPE in balance sheet can u illustrate

01 October 2017 Non-current assets
(1) (a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under
development

Bifurcate your fixed assets as per above 1 (a) (i) to (iv)

01 October 2017 But, then where the change of Property,plant equipment has to show in schedule 3

01 October 2017 what I mean is , since As-10 and As-6 withdrawn and new AS-property,plant &equipment


01 October 2017 schedule III is not asking you to show the changes. Is it?
And if you want to report such changes, you can attach a sheet containing your statement of changes in Fixed Assets as you used to do it in PRE 2013 era.

01 October 2017 OK, Thank you sir

01 October 2017 you are most welcome....



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