Explain the proforma of a statement of Profit & Loss as per Revised Scheduled VI.

Profit and loss statement for the year ended _____
(Rupees in _____)
Particulars
Note No.
Figures for the current reporting period
Figures for the previous reporting period
I.
Revenue from operations
xxx
xxx
II.
Other Income
xxx
xxx_
III.
Total Revenue (I + II)
xxx
xxx
IV.
Expenses : Cost of materials consumed

Purchases of Stock–in–Trade

Changes in inventories of finished goods work–in–progress and Stock–in–Trade
xxx
xxx
Employee benefits expense

Finance costs

Depreciation and amortization expense

Other expense
xxx
xxx
Total expenses
xxx
xxx
V.
Profit before exceptional and extraordinary items and tax (III – IV)
xxx
xxx
VI.
Exceptional items
xxx
xxx
VII.
Profit before extraordinary items and tax (V – VI)
xxx
xxx
VIII.
Extraordinary items
xxx
xxx
IX.
Profit before tax (VII – VIII)
xxx
xxx
X.
Tax expense :
1. Current tax
xxx
xxx
2. Deferred tax
xxx
xxx
XI.
Profit (Loss) for the period from continuing operations (VII – VIII)
xxx
xxx
XII.
Profit/(loss) from discontinuing operations
xxx
xxx
XIII.
Tax expenses of discontinuing operations
xxx
xxx
XIV.
Profit/(loss) from Discontinuing operations (after tax) (XII – XIII)
xxx
xxx
XV.
Profit (Loss) for the period (XI + XIV)
xxx
xxx
XVI.
Earnings per equity share :
1. Basic
xxx
xxx
2. Diluted
xxx
xxx