Unique Restated Balance Sheet
For example you can restate subsidiary company accounts into the parent company currency for consolidated reporting.
Restated balance sheet. Generally accepted accounting principles GAAP require that the balance sheet present items at the cost originally paid for the asset. In million As at 31st As at 31st As at 31st As at 31st As at 31st March 2004 March 2003 March 2002 March 2001 March 2000 Fixed Assets A Gross Block 400364 366189 325027 319169 280825 Depreciation 187808 167728 152492 138662 115401 Net Block 212556 198461 172535 180507 165424. Where entities restate or reclassify comparative information they will be required to present a restated balance sheet as at the beginning of the comparative period in addition to the current requirement to present balance sheets at the end of the current period and the comparative period.
Many translated example sentences containing balance sheet restated German-English dictionary and search engine for German translations. Restated Balance Sheet The historical balance sheet is prepared as per the historical income statement so it can not represent the revised or changed value of assets and liabilities. V its subsidiaries and Protego SI SC.
Restated Ind AS financials Ind AS financials SEBI Regulations allows an issuer to file restated financial statement as per Indian GAAP but the issuer will be covered under the Ind AS roadmap once the process of listing is started. The figures in balance yet in terms of the current unit value at the balance sheet date are applied restate a general price index. The ConsolidatedBalance Sheet which presents for the years ended September 30 2012 and 2011 those resources owned or managed by USAID that are available to provide future economic benefits.
Restatements are made by applying a general price index. We have audited the accompanying combined and consolidated balance sheets of Protego Asesores S. GAAP requires historical cost reporting because the cost is verifiable and reliable.
It appears that during 2009 RDI restated its balance sheet reclassifying approximately 20 million from current to non-current assets. Other items are restated based on the change in the general price index between the date those items were acquired or incurred and the balance sheet date. Restate balance sheet accounts at the period-end rate and income statement accounts at an average rate prior to generating consolidated financial reports.
Given the requirements of Ind AS on first time adoption companies are required to present a three-year balance sheet. It shows the financial position of the business by detailing the sources of funds and the utilization of these funds. H Restated Financial Statements HI Restated Balance Sheets as at 31 December 2003 and 2002 74 HII Restated Income Statement for the year ended 31 December 2003 75 HIII Restated Statement of Cash Flows for the year ended 31 December 2003 76 77 HIV Restated Statement of Changes in Equity for the year ended 31 December 2003 78.