| LIST 1 |
LIST 2 |
| A) Current maturities of long term debt |
III) Other current liability |
| B) Securities premium |
IV) Reserves and surplus |
| C) Bank overdraft |
II) Short-term borrowing |
| D) Premium on redemption of debentures |
I) Other non-current liabilities |
1) Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus like securities premium reserve, capital reserve, capital redemption reserve etc (c) Money received against share warrants
2) NON-CURRENT LIABILITIES shall include the liabilities due after one year. It shall include the following:
*Long-term Borrowings: Such as Debentures, Loan from Bank, Loan from other parties.
*Deferred Tax Liabilities.
* Other Long term Liabilities: Such as Premium Payable on Redemption of Debentures; Premium Payable on Redemption of Preference Shares, Public Deposits (Unless specified, it will be assumed that deposits are for more than one year.)
* Long-term Provisions: Such as Provision for Employee Benefits, Provision for Provident Fund, Provision for Warranties.
3) CURRENT LIABILITIES shall include the liabilities due within one year. It shall include the following:
* Short-term Borrowings: Such as Bank Overdraft, Cash Credit.
* Trade Payables: Sundry creditors and Bills Payable will be termed Trade Payables.
* Other Current Liabilities: Such as (i) Interest accrued but not due on borrowings; (ii) Interest accrued and due on borrowings; (iii) Income received in advance; (iv) Unpaid dividends; Unclaimed Dividends; (v) Outstanding expenses; (vi) Calls in advance and interest thereon. (vii) Current maturities of long term debt.
*Short-term Provisions : Such as (i) Provision for Tax; (ii) Provision for Doubtful Debts |
