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1
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART
‐II,‐3, SUB‐SECTION (i)]
MINISTRY OF CORPORATE AFFAIRS
Notification
New Delhi dated the 7
G.S.R. 873 (E)
with clause (d) of sub
and in supersession of the Cost Accounting Records (Fertilizers) Rules, 1993 vide G.S.R.
261(E), dated the 5
before such supersession, the Central Government hereby makes the following rules,
namely:
th, Dec, 2011‐ In exercise of the powers conferred by sub‐section (1) of section 642, read‐section (1) of section 209 of the Companies Act, 1956 (1 of 1956),th March, 1993, except as respects things done or omitted to be done‐
1.
Records (Fertilizer Industry) Rules, 2011.
(2) They shall come into force on the date of their publication in the Official Gazette.
2.
Short Title and Commencement, – (1) These rules may be called the Cost AccountingDefinitions and Interpretations, – In these rules, unless otherwise requires,‐‐‐
(a)
“Act” means the Companies Act, 1956 (1 of 1956);
(b)
signed by a cost accountant in the specified form of compliance report;
“compliance report” means the compliance report duly authenticated and
(c)
defined in clause (b) of sub
Accountants Act, 1959 (23 of 1959) and who is either a permanent employee of
the company or holds a valid certificate of practice under sub
section 6 and who is deemed to be in practice under sub
of that Act and includes a firm of cost accountants;
“Cost Accountant” for the purpose of these rules means a cost accountant as‐section (1) of section 2 of the Cost and Works‐section (1) of‐section (2) of section 2
(d) “Cost Accounting Standards” means the standards of cost accounting, issued by
the Institute;
(e) “cost records” means books of account relating to utilisation of materials, labour
and other items of cost as applicable to the production, processing,
manufacturing or mining activities of the company;
2
(f) “fertilizer activities” means production, processing, manufacturing or mining of
any type of fertilizers whether nitrogenous, phosphatic, potassic or complex
(organic, inorganic or mixed) and includes all types of fertilizers as defined in
clause (h) of section 2 of the Fertilizer (Control) Order, 1985 made under section
3 of the Essential Commodities Act, 1955 (10 of 1955) or included under Chapter
31 of the Central Excise Tariff Act, 1985 (5 of 1986), and further includes the
intermediate products and articles or allied products or activities thereof;
(g) “Form
and other documents with the Central Government in the electronic mode;
(h) “Form
the compliance report;
(i) “Generally Accepted Cost Accounting Principles” means the principles of cost
accounting issued by the Institute;
(j) “Institute” means the Institute of Cost and Works Accountants of India
constituted under the Cost and Works Accountants Act, 1959 (23 of 1959);
(k) “product” means any tangible or intangible good, material, substance, article,
idea, know
human, mechanical, industrial, chemical, or natural act, process, procedure,
function, operation, technique, or treatment and is intended for use,
consumption, sale, transport, store, delivery or disposal;
(l) “product group” in relation to tangible products means a group of homogenous
and alike products, produced from same raw materials and by using similar or
same production process, having similar physical or chemical characteristics and
common unit of measurement, and having same or similar usage or application;
and in relation to intangible products means a group of homogenous and alike
products or services, produced by using similar or same process or inputs, having
similar characteristics and common unit of measurement, and having same or
similar usage or application;
(m) “turnover” means total turnover made by the company from the sale or supply
of all products or services during the financial year and it includes any turnover
from job work or loan license operations and the subsidies or grants or
incentives received but does not include any non
(n) all other words and expressions used in these rules but not defined, and defined
in the Act and rules made under clause (d) of sub
the Act shall have the same meanings as assigned to them in the Act or rules, as
the case may be.
3
3.
defined under section 591 of the Act, which is engaged in the production, processing,
manufacturing, or mining of fertilizer activities and wherein, the aggregate value of net
worth as on the last date of the immediately preceding financial year exceeds five
crores of rupees; or wherein the aggregate value of the turnover made by the company
from sale or supply of all products or activities during the immediately preceding
financial year exceeds twenty crores of rupees; or wherein the company’s equity or
debt securities are listed or are in the process of listing on any stock exchange, whether
in India or outside India:
‐A” means the form specified in these rules for filing compliance report‐B” means the form of the compliance report and includes Annexure to‐how, method, information, object, service, etc. that is the result of‐operational income;‐section (1) of section 209 ofApplication, – These rules shall apply to every company, including a foreign company as
Provided that these rules shall not apply to a body corporate governed by any
special Act.
4.
units and branches thereof shall, in respect of each of its financial year commencing on
or after the date of this notification, keep cost records and the books of account so
maintained shall contain, inter
mentioned in the Schedule annexed to these rules.
(2) The cost records referred to in sub
manner so as to make it possible to calculate per unit cost of production or cost
of operations, cost of sales and margin for each of its products and activities for
every financial year on monthly or quarterly or half
(3) The cost records shall be maintained in accordance with the generally accepted
cost accounting principles and cost accounting standards issued by the Institute;
to the extent these are found to be relevant and applicable and the variations, if
any, shall be clearly indicated and explained.
(4) The cost records shall be maintained in such manner so as to enable the
company to exercise, as far as possible, control over the various operations and
costs with a view to achieve optimum economies in utilization of resources and
these records shall also provide necessary data which is required to be
furnished under these rules.
(5) All such cost records and cost statements, maintained under these rules shall
be reconciled with the audited financial statements for the financial year
specifically indicating expenses or incomes not considered in the cost records or
statements so as to ensure accuracy and to reconcile the profit of all product
groups with the overall profit of the company and the variations, if any, shall be
clearly indicated and explained.
(6) All such cost records, cost statements and reconciliation statements,
maintained under these rules,
Maintenance of records, – (1) Every company to which these rules apply, including all‐alia, the particulars specified in Proformae A to G‐rule (1) shall be kept on regular basis in such‐yearly or annual basis.relating to a period of not less than eight financial
4
years immediately preceding a financial year or where the company had been in
existence for a period less than eight years, in respect of all the preceding years
shall be kept in good order.
(7) Every person, referred to in sub
Companies Act, 1956 (1 of 1956), shall take all reasonable steps to secure
compliance by the company with the provisions of these rules in the same
manner as he is liable to maintain accounts required under sub
section 209 of the said Act.
5.
submit a compliance report, in respect of each of its financial year commencing on or
after the date of this notification, duly certified by a Cost Accountant, along with the
Annexure to the Central Government, in the specified form.
6.
compliance report referred to in rule 5 to the Central Government within a period of
one hundred and eighty
the compliance report relates.
7.
compliance report shall be approved by the Board of Directors and certified by the Cost
Accountant before submitting the same to the Central Government by the company.
8.
provisions of these rules, he shall be punishable with fine, which may extend to five
thousand rupees.
(2) For contravention of these rules,
‐section (6) and (7) of section 209 of the‐section (1) ofForm of the Compliance Report, – Every company to which these rules apply shallTime limit for submission of Compliance Report, – Every company shall submit thedays from the close of the company’s financial year to whichAuthentication of Annexure to the Compliance Report, – The Annexure to thePenalties, – (1) If default is made by the Cost Accountant in complying with the‐
(a) the company shall be punishable as provided under sub
section 642 of the Act; and
(b) every officer thereof who is in default, including the persons referred to in
sub
under sub
1956).
9.
shall not in any way affect
‐section (2) of‐section (6) of section 209 of the Act, shall be punishable as provided‐sections (5) and (7) of section 209 of Companies Act, 1956 (1 ofSavings, – The supersession of the Cost Accounting Records (Fertilizers) Rules, 1993,‐
(a) any right, obligation or liabilities acquired, accrued or incurred thereunder;
(b) any penalty, forfeiture or punishment incurred in respect of any
contravention committed thereunder; and
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(c) any investigation, legal proceeding or remedy in respect of any such right,
privilege, obligation, liability, penalty, forfeiture or punishment as aforesaid,
and; any such investigation, legal proceeding or remedy may be instituted,
continued or enforced and any such penalty, forfeiture or punishment may
be imposed as if those rules had not been superseded.
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FORM
documents with the Central Government
[Pursuant to section 209(1)(d), 600(3)(b) of the Companies Act, 1956 and rule 2 of the Cost Accounting
Records (Fertilizer Industry) Rules, 2011]
PART I
Note: All fields marked in * are to be mandatorily filled.
‐A Form for filing Compliance Report and other‐ GENERAL INFORMATION
1 (a) *Corporate identity number (CIN) or
foreign company registration number of
the company
Pre
‐Fill
(b) Global location number (GLN) of
company
2 (a) *Name of the company
(b) *Address of the registered office or of
the principal place of business in India
of the company
(c) *E
3 (a) *Financial year covered by the
compliance report
From
(DD/MM/YYYY)
To (DD/MM/YYYY)
(b) *Date of Board of directors’ meeting in which annexure
to the compliance report was approved
(DD/MM/YYYY)
4.
‐mail Address of the companyDetails of the cost accountant
(a) *Category of the cost accountant Individual Cost accountant’s
firm
(b) In case of individual, whether the cost accountant
is in permanent employment of the company or in
practice
In Employment In Practice
(c) *Name of the cost accountant or the
cost accountant’s firm who has certified
the cost records of the company
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(d) *Income tax permanent account number of the cost accountant or the cost
accountant’s firm
(e) *Membership number of cost accountant or cost accountant’s firm’s
registration number
(f) Address of the cost accountant or cost accountant’s firm
(i) Line I
Line II
(ii) City
(iii) State
(iv) Country
(v) Pin Code
(g) *E
cost accountant’s firm
5.
‐mail ID of the cost accountant or*Quantitative Information
Sno. Name of the Product or Service Group Unit Annual Net Sales
Production
(Quantity)
(Quantity) (Value in
Rupees)
A Produced or Manufactured Product
1.
2.
3. etc.
B Services Groups
1.
2.
3. etc.
C Trading Activities (Product Group
1.
2.
3. etc.
D Other Income
Total Income as per Financial Accounts
‐wise)
PART
Attachments:
‐II
1 Compliance report as per the Cost Accounting Records
Attach
8
(Fertilizer Industry) Rules, 2011
2 Optional attachments(s) – if any
Attach
List of attachments
Remove attachment
Verification:
To the best of my knowledge and belief, the information given in this form and its attachments is correct
and complete.
I have been authorised by the Board of directors’
resolution number
dated
(DD/MM/YYYY)
to sign and submit this form.
I am authorised to sign and submit this form.
To be digitally signed by:
Managing Director or director or manager or secretary (in case of an Indian company)
or an authorised representative (in case of a foreign
company)
Digital
Signatures
*Designation
*Director identification number of the director or Managing Director; or Income
of the manager or of authorised representative; or Membership number, if applicable or
income
may quote his/her income
Director of the company
Digital
Signatures
Director identification number of the director
‐tax PAN‐tax PAN of the secretary (secretary of a company who is not a member of ICSI‐tax PAN)
Modify Check Form Pre
This e
on the basis of statement of correctness given by the filing company
‐scrutiny Submit‐form has been taken on file maintained by the Central Government through electronic mode and
9
FORM
‐B
FORM OF COMPLIANCE REPORT
[See rule 2, and rule 5]
I or We ........................................... being in permanent employment of the company or in
practice, and having been appointed as cost accountant under Rule 5 of the Cost Accounting
Records (Fertilizer Industry) Rules, 2011 of …...........................................................
of the company)
registered office address of the company)
examined the books of account prescribed under clause (d) of sub
said Act, and other relevant records for the period/year .............................
year)
1 I or We have or have not obtained all the information and explanations, which to the best of
my or our knowledge and belief were necessary for the purpose of this compliance report.
2 In my or our opinion, proper cost records, as per the Cost Accounting Records (Fertilizer
Industry) Rules, 2011 prescribed under clause (d) of sub
Companies Act, 1956, have or have not been maintained by the company so as to give a true
and fair view of the cost of production or operation, cost of sales and margin of all the
products and activities of the company.
3 Detailed unit
respect of the product groups or activities are or are not kept in the company.
4 In my or our opinion, the said books and records give or do not give the information required
by the Companies Act, 1956 in the manner so required.
5 In my or our opinion, the said books and records are or are not in conformity with the
generally accepted cost accounting principles and cost accounting standards issued by The
Institute of Cost and Works Accountants of India, to the extent these are found to be relevant
and applicable.
Dated: this ____ day of _________ 20__ at _________________ (
signing this report
SIGNATURE AND SEAL OF THE COST ACCOUNTANT (S)
MEMBERSHIP NUMBER (S)
10
NOTES:
(i) Delete words not applicable.
(ii) If as a result of the examination of the books of account, the cost accountant desires to
point out any material deficiency or give a qualified report, he shall indicate the same
against the relevant para.
(iii) Briefly give your observations and suggestions, if any, relevant to the maintenance of cost
accounting records by the company.
(iv) Cost accountant may use separate sheet(s) for (ii) and (iii) above, if required.
(mention namehaving its registered office at ..................................................... (mention(hereinafter referred to as the company), have‐section (1) of section 209 of the(mention the financialand certify as under:‐section (1) of section 209 of the‐wise and product or activity‐wise cost statements and schedules thereto inmention name of place of)
ANNEXURE TO THE COMPLIANCE REPORT
[See rule 2 and rule 5]
1. GENERAL:
a) Name of the company:
b) Registered office address:
c) Financial year to which the Compliance Report relates.
2. QUANTITATIVE INFORMATION:
Sno. Name of the Product or Service Net Sales
Group
Unit Annual
Production
(Qty.)
(Qty.) (Value in
Rupees)
A Produced or Manufactured Product
Groups
1.
2.
3. etc.
B Services Groups
1.
2.
3. etc.
C Trading Activities (Product Groupwise)
1.
2.
3. etc.
D Other Income
Total Income as per Financial Accounts
11
3. RECONCILIATION STATEMENT:
Net Margin (Profit or Loss) as per Cost Accounts (In Rupees)
A. From Produced or Manufactured Product Groups
B. From Services Groups
C. From Trading Activities
Total as per Cost Accounts
Add: Incomes not considered in Cost Accounts (if any)
Less: Expenses not considered in Cost Accounts (if any)
Add/Less: Difference in Stock Valuation
Profit or (Loss) as per Financial Accounts
NOTES:
(i) For produced or manufactured product groups, use the nomenclature as used in the
Central Excise Act or Rules, as applicable.
(ii) For services groups, use the nomenclature as used in the Finance Act or Central Service
Tax Rules, as applicable.
SIGNATURE
NAME
COST ACCOUNTANT (S)
MEMBERSHIP NUMBER (S)
SEAL AND DATE
"SCHEDULE”
[See rule 4]
PROFORMA `A’
Statement showing cost of Utilities like Water or Power etc
.
Name of the Company
Name and address of the Factory or Unit
Name of the Utility
For the Period/Year
12
A Quantitative Information
Sno. Particulars Unit Current year Previous year
1 Installed Capacity
2 Quantity Produced
3 Capacity Utilization (%)
4 Quantity Re
5 Quantity Purchased, if any
6 Self Consumption including Losses (to be specified)
7 Net Units Available
‐circulated
B. Cost Information:
Sno. Particulars Quantity Rate Amount Cost per Unit (Rs.)
Rs. per
Unit
Rs. Current
Year
Previous
Year
1 Materials Consumed (specify)
a) Indigenous
b) Imported
c) Self Manufactured or Produced
2. Process Materials/ Chemicals (specify)
3. Utilities (specify)
4. Direct Employees Cost
5. Direct Expenses (specify)
6. Consumable Stores and Spares
7. Repairs and Maintenance
8. Depreciation
9. Lease Rent, if any
10. Other Overheads
11. Sub
12. Less: Credit, if any
13.
Apportionment: (cost centre
‐total (1 to10)Total cost (12‐13)‐wise)
1. Cost Centre 1
2. Cost Centre 2
3. Cost Centre 3
Total
PROFORMA `B’
Statement showing the Cost of Production and Cost of Sales
Name of the Company
Name and address of the Factory/Unit
13
Name of the Intermediate Product/Product
For the Period/Year
A. Quantitative Information
:
Sno. Particulars (Unit: MT)
Current Year Previous Year
1. (i) Installed capacity
(ii) Capacity enhanced during the year by leasing
arrangement etc.
2. Actual Production:
(i) Self Manufactured
(ii) Third parties on job work, if any
(iii) Loan License, if any
3. Capacity Utilization
4. Major Outputs (specify)
a)
b)
c) etc
5. By Products (Specify)
6. Yield percentage (outputs/inputs
4. Quantity used for Captive Consumption
5. Quantity transferred for:
(a) Domestic Sale
(b) Export Sale
(c) Others (specify)
6.. Opening Stock (Finished Goods)
7. Closing Stock (Finished Goods) (6+2
‐4‐5)
B
. Cost Information:
Sno. Particulars Quantity Rate Amount Cost per MT (Rupees)
Units Rs. per
Unit
Rs. Current
Year
Previous
Year
1. Materials Consumed (specify details)
a) Indigenous
b) Imported
c) Self manufactured or produced
d) Sub total
2. Process Materials/Chemicals (specify)
3. Utilities(specify)
4. Direct Employees Cost
5. Direct Expenses
6. Consumable Stores and Spares
7. Repairs and Maintenance
14
Sno. Particulars Quantity Rate Amount Cost per MT (Rupees)
Units Rs. per
Unit
Rs. Current
Year
Previous
Year
(a) Building
(b) Plant and Machinery
(c) Others, if any
8. Quality Control Expenses
9. Research and Development
10. Technical Assistance and Know
or Royalty, if any
11. Depreciation or Amortization
12. Other Production Overheads
13. Total (1 to 12)
14. Add: Opening Stock
Less: Closing Stock
15. Less: Credits (from wastages and By
‐how Fee‐in‐Process‐in‐Process‐
Products) or Recoveries, if any (specify
item wise)
16. Primary Packing Cost
a) Materials
b) Others (specify)
17 Cost of Production
(a) Packed Quantity
(b) Naked or Bulk Quantity
18. Add: Opening Stock – Finished Goods
Less: Closing Stock – Finished Goods
19. Other Adjustments, if any
20. Finished Goods Purchased, if any
21. Total Cost of Production (17 to 20)
22. Quantity and Cost Transferred:
(i) Captive Consumption
(ii) Sales
(iii) Others, if any
23. Administrative Overheads
(a) Employee cost
(b) Others
(c) Total
24. Secondary Packing Cost
(a) Packing Material (specify)
(b) Others
(c) Total
25. Selling and Distribution Overheads
(a) Employee cost
(b) Freight and Transport charges
15
Sno. Particulars Quantity Rate Amount Cost per MT (Rupees)
Units Rs. per
Unit
Rs. Current
Year
Previous
Year
(c) Commission to Selling Agents
(d) Royalty on sales, if any
(e) Warranty expenses
(f) After adjusting income from
chargeable services
(g) Others
(h) Total (a) to (g)
26. Interest and Financing Charges
(a) Interest on working capital
(b) Others
(c) Sub
27. Cost of Sales (excluding Excise duty) of
Packed Quantity Sold (22 (ii)to26)
28 Sales Realisation
29 Less Excise Duty and Other Statutory
Levies
30 Net Sales Realization (28
31 Margin (30
32. Sales Realization from Customers
(a) Sales Price
(b) Less Dealer’s margin
(c) Net
33 Retention price as fixed by the
Government (specify the period for which
relevant)
34 Product Subsidy from Government
35 Freight or any other reimbursement
36 Total Realization (33+34+35)
37 Margin (36
‐Total‐29)‐27)‐32)
‐
16 ‐
PROFORMA ‘C’
Statement showing Element wise Unit cost of Production
Name of the Company
Name and address of the Unit
For the Period/Year
Utilities or Offsites or Intermediates or Finished Products
Process Water DM Water Steam Captive
Power Plant
Others
(specify)
Ammonia Urea NPK
Etc
Sno Particulars Quantity
Unit
Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT
Production (Qty)
1 Purchases
2 Raw Materials Consumed
3 Power
4 Duty on Power Produced
5 Fuel
6 Water
7a. Packing Material
7b. Packing Material
8.
‐ Bags‐ThreadSub Total
9 Salaries and Wages
‐
10 Employee Welfare Overheads
11 Contract Labour
12 Chemicals and Stores
13 Catalyst
14 Repairs and Maintenance
15. Factory Overheads
16 Administrative Overheads
17 Insurance (excl Loss of Profit
Policy Premium)
18 Insurance (Loss of Profit Policy
Premium)
‐
17 ‐
Utilities or Offsites or Intermediates or Finished Products
Process Water DM Water Steam Captive
Power Plant
Others
(specify)
Ammonia Urea NPK
Etc
Sno Particulars Quantity
Unit
Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT
19 Depreciation
20
Marketing Expense
20.1 Promotion and Publicity Expense
20.2 Warehousing expense
20.3 Handling Expense
20.4 Marketing office expenses
20.5 Freight
21
Total Marketing Expenses
22 Any other expenses not included
in Cost
23 Any other Income not included
in Cost
24 Interest
25 Less Income
26 Total Cost of Sales
‐
18 ‐
PROFORMA ‘D’
Statement showing Process wise Unit Cost of Production
Name of the Company
Name and address of the Unit
For the Period/Year
Rs/MT
Utilities or Offsites or Intermediates or Finished Products
Process
Water
DM Water Steam Captive
Power Plant
Others
(specify)
Ammonia Urea NPK
Etc
Sno. Particulars Quantity
Unit
Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT
Production (Qty)
1 Purchases
2 Raw Materials Consumed
3 Power
4 Duty on Power Produced
5 Fuel
6 Water
7 Packing Material
Packing Material
8 Utilities or Intermediates (specify)
a) Process Water
b) DM Water
c) Steam
d) Captive Power Plant
e) Others (specify)
f) Sub Total
9 Salaries and Wages
‐ Bags‐Thread‐
10 Employee Welfare Overheads
11 Contract Labour
12 Chemicals and Stores
‐
19 ‐
Rs/MT
Utilities or Offsites or Intermediates or Finished Products
Process
Water
DM Water Steam Captive
Power Plant
Others
(specify)
Ammonia Urea NPK
Etc
Sno. Particulars Quantity
Unit
Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT
13 Catalyst
14 Repairs and Maintenance
15 Factory Overheads
16 Administrative Overheads
17 Insurance (excl Loss of Profit
Policy Premium)
18 Insurance (Loss of Profit Policy
Premium)
19 Depreciation
20
Marketing Expense
20.1 Promotion and Publicity Expense
20.2 Warehousing Expense
20.3 Handling Expense
20.4 Marketing Office Expenses
20.5 Freight
Total
21 Any other expenses not included
in Cost
22 Any other Income not included in
Cost
23 Interest
24 Less Income
25 Total Cost of sales
‐
20 ‐
PROFORMA ‘E’
Statement showing Activity wise allocation of Assets and Liabilities of the Company
Name of the Company
Name and address of the Unit
As at
Direct Allocation to Fertilizer Activity of the Unit
Utilities/ offsites/ intermediates Final Product
Sno. Particulars
Total as per Annual Accounts
for the company as whole
Total as per Annual Accounts of
Fertilizer unit only
Allocation of Head office share
to the Fertilizer Unit
Allocation of Marketing office
share to the Fertilizer Unit
Total for Fertilizer Unit (incl.
Fertilizer Plus Non Fertilizer
Activity)
Process Water
DM Water
Steam
Captive Power Plant
Others (specify)
Ammonia
Urea
NPK etc. (specify product
wise)
Direct Allocation to Non
Fertilizer Activity of the Unit
Basis of Allocation
Total allocated
for each
Finished
Product
(Direct Plus
Indirect)
Product 1
Product 2
‐wise
1 Share Capital (specify Equity,
Preference Share etc
separately)
2 Reserves and Surplus (specify)
Total Net worth
3 Borrowings
Long Term Loans
Short Term Loans
Cash Credit
Inter Activity Transfer
Total Borrowings
Total Capital Employed
4 Gross Fixed Assets@
Less: Accumulated
Depreciation@
Net Fixed Assets@
‐
21 ‐
Direct Allocation to Fertilizer Activity of the Unit
Utilities/ offsites/ intermediates Final Product
Sno. Particulars
Total as per Annual Accounts
for the company as whole
Total as per Annual Accounts of
Fertilizer unit only
Allocation of Head office share
to the Fertilizer Unit
Allocation of Marketing office
share to the Fertilizer Unit
Total for Fertilizer Unit (incl.
Fertilizer Plus Non Fertilizer
Activity)
Process Water
DM Water
Steam
Captive Power Plant
Others (specify)
Ammonia
Urea
NPK etc. (specify product
wise)
Direct Allocation to Non
Fertilizer Activity of the Unit
Basis of Allocation
Total allocated
for each
Finished
Product
(Direct Plus
Indirect)
Product 1
Product 2
‐wise
5 Capital Work in Progress
6
Investments
Relating to Business
Not Relating to Business
7 Current Assets
Current Liabilities
Net Working Capital
8 Misc. Expenditure
Profit and Loss Account
Deferred Revenue Expenditure
9 Preliminary Project Activity
Total Capital Employed
NOTES:
1. @Excluding Impact of Revaluation of Assets, if any and show the same separately.
2. Basis of Allocation should be given in detail for each item with calculation. In case of need calculation steps may be explained with note in separate sheet.
‐
22 ‐
PROFORMA ‘F’
Statement showing Allocation and Apportionment of Total Expenses and Income of the Company
Name of the Company
Name and address of the Unit
For the Period/Year
Direct Allocation to Fertilizer Activity of the Unit
Utilities/ offsites/ intermediates Final Product
Sno. Particulars
Total as per Annual
Accounts for company as
whole
Total as per Annual
Accounts of Fertilizer unit
only
Allocation of Head office
share to the Fertilizer Unit
Allocation of Marketing
office share to the Fertilizer
Unit
Total for Fertilizer Unit (incl.
Fertilizer Plus Non Fertilizer
Activity)
Process Water
DM Water
Steam
Captive Power Plant
Others (specify)
Ammonia
Urea
NPK Etc (specify
product wise)
Direct Allocation to Non
Fertilizer Activity of the Unit
Basis of Allocation
INCOME
1 Sale
2 Subsidy
3 Other Income
Total Income
EXPENSES
1 Purchases
2 Raw Materials Consumed
3 Power
4 Duty on Power Produced
5 Fuel
6 Water
7a. Packing Material
7b. Packing Material
‐ Bags‐Thread
Sub Total
8 Salaries and Wages
9 Employee Welfare Overheads
10 Contract Labour
11 Chemicals and Stores
12 Catalyst
‐
23 ‐
13 Repairs and Maintenance
14 Factory Overheads
15 Administrative Overheads
16 Insurance (excl Loss of Profit Policy
Premium)
17 Insurance (Loss of Profit Policy
Premium)
18 Add: Opening Stock
Less: Closing Stock
Add: Opening Stock
Less: Closing Stock
19 Depreciation
20
‐in‐Process‐in‐Process‐ Finished Goods‐ Finished GoodsMarketing Expenses
a. Promotion and Publicity Expense
b. Warehousing Expense
c. Handling Expense
d. Marketing Office Expenses
e. Freight
Total Marketing Expenses
21 Any other expenses not included in
Cost
22 Any other Income not included in
Cost
23
Gross Profit
24 Interest
25 Pre
26 Provision for Taxation
27
Profitability Ratios
‐ tax ProfitPost Tax Profit
28 Gross Profit to Total Income %
29 Pre
30 Post tax Profit to Net Worth %
31 Pre tax Profit to Capital Employed %
‐ tax Profit to Net Worth %
‐
24 ‐
PROFORMA ‘G’
Statement of Profit Reconciliation (for the company as a whole)
Name of the Company
For the Period/Year
Sno. Particulars Current Year
(Rs)
Previous Year
(Rs)
1 Profit or Loss as per Cost Accounting Records
a) For the Product Groups covered under these Rules
b) For all other Product Groups
2 Add: Incomes not considered in cost accounts:
(a) Specify
(b)
(c)
(d)
3 Less: Expenses not considered in cost accounts:
(a) Specify
(b)
(c)
(d)
4 Add: Overvaluation of Closing 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
NOTES:
1. Separate cost statement shall be prepared for each utility, activity, sub
and inter
intermediate, or final product produced in the prescribed proforma. In case process
materials, intermediates or final products got processed through outside agency on job
charges basis or on loan licence basis, separate cost statement shall be prepared in the
prescribed proforma indicating job processing charges separately.
2. Separate proforma shall be prepared for the quantity produced for sale within the country
‐activity, inter‐unit,‐company transfers relating to each type or category of process material,
‐
25 ‐
and the quantity produced for export sale. Expenses incurred on export and the incentive
earned thereon shall be indicated in the proforma applicable for the quantity produced for
export sale.
3. In case the company follows a pre
statement shall reflect figures at actual after adjustment of variations, if any. Reasons for
variations between standards and actual shall be clearly recorded.
4. In case, a joint
sold, cost of sales and average sales realization etc. shall be indicated in the appropriate
statement. If these are further processed, separate cost statement shall be prepared. The
basis on which cost is apportioned to joint
5. Basis of valuation of by
be indicated in the cost records.
6. Yield percentage to be given separately for each main output with respect to main inputs.
7. Supplementary cost sheets should be attached showing the actual rates of the cost of
inputs in case they are different for such quantity which has been used for non fertilizer/
non agriculture use.
8. All items of income and expenditures in the Proforma shall be reconciled with the financial
account for the relevant period.
9. The items of cost shown in the Proforma are indicative and the same should be reflected
keeping in mind the materiality of the item of cost in the product.
[F. No. 52/7/CAB
B.B.GOYAL
Adviser (Cost)
‐determined or standard costing system, the cost‐product is sold without further processing, details in regard to quantities‐products shall be indicated in the proforma.‐products, rejects, scrap etc. for credit to the process/product should‐2011]
SECTION
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