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TMI BlogGuidelines on Accounting with respect to Indian Accounting Standards (IND AS)X X X X Extracts X X X X X X X X Extracts X X X X ..... years. In this regard, Mutual Fund schemes may not be mandatorily required to restate the previous years published perspective historical per unit statistics as per requirement of IND AS for the first two years from first time adoption of IND AS. However, Mutual Fund schemes shall furnish following additional information in perspective historical per unit statistics: a. Label the previous Generally Accepted Accounting Principles (GAAP) information prominently as not being prepared in accordance with IND AS; and b. Disclose the nature of the adjustments that would be required to make it comply with IND AS. Mutual Funds schemes need not quantify those adjustments. III. The Financial Statements of the Mutual Fund Schemes shall be prepared in the Formats given at Annexure-A. 2. Modification to Para C (2) of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012 In order to align with IND AS requirement regarding transactions cost of investment to be expensed out (viz. to be charged to Revenue Account instead of Capitalisation) and as per the amended Regulations 52 (6A)(a) of MF Regulations, the provision of Para C (2) of SEBI circular CIR/IMD/DF/24/2012 dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Non-Financial Assets Investment Property 7 Other Non -Financial assets 8 Total Assets (A) Financial Liabilities Derivative financial instruments 9 Payables 10 Borrowings 11 Other Financial Liabilities 12 Non-Financial Liabilities Provisions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rting Period Particulars Unit Capital (Rs.) Reserves Surplus (Rs.) Total (Rs.) Unit Premium Reserves Unrealise d Appreciati on Reserves Revenue Reserves Other Reserves (to be specified) Balance at the beginning of the reporting period Changes in accounting policy/prior period errors Movement during the reporting period Transfer from/ to Revenue account Equalisation Account ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Others ( to be specified) Total Income (A) Expenses Finance Costs Fees and commission expenses 16 Loss on fair value changes 17 Loss on Sale/Redemptions of Investments 18 Others ( to be specified) 19 Total Expense (B) Surplus/ Deficit for the Reporting Period (A-B) The Notes referred to herein for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Receivable from AMC Receivable from other schemes of Mutual Fund Others (to be specified) Total Note 5 Investments Particulars Figures as at the end of current reporting period Figures as at the end of the previous reporting period Equity shares Preference shares Debentures/bonds Central and State Government Securities Treasury bills Commercial Paper Certificate of Deposits Units of Domestic Mutual Fund ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers, location and project. Particulars shall include area, cost, fair value, basis of fair value, and legal disputes, etc. Specify non- performing Investment properties separately. Note 8 Other Non - Financial assets # Particulars Figures as at the end of current reporting period Figures as at the end of the previous reporting period Fixed Assets @ Tax credit receivable Others (to be specified) Total @ Depreciated cost of the Fixed Assets as a whole or net block may be disclosed. # Allowances for the impairment loss/doubtful receivable/diminution in the value of the assets shall be disclosed under relevant heads of this notes. Note 9 Derivative financial instruments payable Particulars Figures as at the end of current reporting period Figures as at the end of the pre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... terest, source and other terms shown separately, source-wise. Note 12 Other Financial Liabilities Particulars Figures as at the end of current reporting period Figures as at the end of the previous reporting period Finance Cost on Loans/Borrowing/(s) Management Fees Payable Trusteeship Fees Payable Commission to Distributors Payable Custodian Fees and Expenses Payable Registrar Fees and Expenses Payable Marketing/Publicity/Advertisement Expenses Payable Audit Fees Payable Investor Communication Expense Payable Investor Education Awareness Expenses Payable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te assets Profit on inter-scheme sale of real estate assets (Gross) Others ( to be specified) Total Note 16 Fees and commission expenses Particulars Figures for the current reporting Period Figures for the previous reporting period Management Fees GST on Management Fees Trusteeship Fees Commission to Distributors Total Note 17 Loss on fair value changes Particulars Figures for the current reporting Period Figures for the previous reporting period Gross change on ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es Statutory Taxes Advisory Fee in respect of real estate asset Repairs and Maintenance in case of real estate asset. Registration and local charges Legal Title Search Fee Depreciation of fixed assets Other Operating expenses Others (to be specified) Total Notes (i) All disclosures required by Indian Accounting Standards (IND AS) shall be applicable with respect to preparation of annual statements of accounts of the schemes, shall form part of notes to account. (ii) Accounting policy in respect of recognition of revenue and income from investments (including dividend and interest in case of securities and rental in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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