9911796707
TMI BlogCOST AUDIT REPORTX X X X Extracts X X X X X X X X Extracts X X X X ..... he company, and attended by the Cost Auditor during the (sic.) 2. COST ACCOUNTING POLICY: (1) Briefly describe the cost accounting policy adopted by the Company keeping in view the requirements of the Companies (Cost Accounting Records) Rules, 2011, the Companies (Cost Audit Report) Rules, 2011, cost accounting standards and its adequacy or otherwise to determine correctly the cost of production/operation, cost of sales, sales realization and margin of the product/activity groups under reference separately for each product/activity group. The policy should cover, inter alia, the following areas: (a) Identification of cost centres/cost objects and cost drivers (b) Accounting for material cost including packing materials, stores and spa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncome as per Audited Annual Report (A+B+C+D) NOTES: (1) For manufactured product groups, use the nomenclature as used in the Central Excise Act and Rules, as applicable. (2) For service groups, use the nomenclature as used in the Finance Act/Central Service Tax Rules, as applicable. 4. QUANTITATIVE INFORMATION (for each product group separately) Name of the Company Name of the Product Group Name of the Products covered in the Product Group Financial Year From ______ To _________ Particulars Unit Current Year Previous Year 1. Available Capacity (a) Installed Capacity (b) Capacity enhanced during the year, if any (c) Capacity available through leasing arrangements, if (d) Capacity available through loan license/third partie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Less: Credits for Recoveries, if any 16 Primary Packing Cost 17 Cost of Production/Operations (12 + 13 to 17) 18 Increase/Decrease in Stock of Finished Goods 19 Less: Self/Captive Consumption (incl. Samples, etc.) 20 Other Adjustments (if any) 21 Cost of Production/Operation of Goods/Services Sold (17 + 18 to 20) 22 Administrative Overheads 23 Secondary Packing Cost 24 Selling & Distribution Overheads 25 Interest & Financing Charges 26 Cost of Sales (21 + 22 to 25) 27 Net Sales Realization (Net of Taxes and Duties) 28 Margin [Profit/(Loss) as per Cost Accounts] (27 - 26) NOTES : 1. Separate cost statement shall be prepared for each product/activity group 2. The items of cost shown in the Proforma are indicati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stock in financial accounts 5 Add: Undervaluation of opening stock in financial accounts 6 Less: Undervaluation of closing stock in financial accounts 7 Less : Overvaluation of opening stock in financial accounts 8 Adjustments for others, if any (specify) 9 Profit or Loss as per Financial Accounts 8. VALUE ADDITION AND DISTRIBUTION OF EARNINGS (for the company as a whole) (Rupees in Lakh) Sl. No. Particulars Current Year Previous Year-1 Previous Year-2 Value Addition: 1 Gross Sales (excluding returns) 2 Less: Excise duty, etc. 3 Net Sales 4 Add: Export Incentives 5 Add/Less: Adjustment in Finished Stocks 6 Less: Cost of bought out inputs (a) Cost of Materials Consumed (b) Process Materials / Chemicals (c) C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Sales excl. depreciation Months 2 Raw Materials Stock to Consumption Months 3 Stores & Spares to Consumption Months 4 Work-in-Progress Stock to Cost of Production Months 5 Finished Goods Stock to Cost of Sales Months Notes: (1) Capital Employed means average of net fixed assets (excluding intangible assets, effect of revaluation of fixed assets, and capital work-in-progress) plus net current assets existing at the beginning and close of the financial year. (2) Net Worth means share capital plus reserves and surplus (excluding revaluation reserves) less accumulated losses and intangible assets. 10. RELATED PARTY TRANSACTIONS (for the company as a whole) Sl. No. Name & Address of the Related Party Name of the Product/S ..... X X X X Extracts X X X X X X X X Extracts X X X X
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