Illustrative Ind AS consolidated financial statements for the year ended 31 March 2026

Ind AS involve the application of several new and complex concepts, which require a significant level of judgement and estimation, accompanied by detailed qualitative and quantitative disclosures.

This publication is intended to help preparers in the preparation and presentation of consolidated financial statements in accordance with Indian Accounting Standards (Ind AS) and Division II of Schedule III to the Companies Act, 2013 by illustrating a format for consolidated financial statements for a hypothetical multinational company involved in general business. This company (‘Classic Company (India) Limited’) issues its financial statements under Ind AS.

Key highlights

Presents illustrative consolidated financial statements prepared in accordance with Ind AS
Considers amendments issued till the date of this publication
Includes illustrative disclosures on amendments to Ind AS 1 relating to classification of liabilities as current or non-current and non-current liabilities with covenants
Includes illustrative disclosures on amendments to Ind AS 7 and Ind AS 107 in relation to supplier financing arrangements