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August 2022

FROM PUBLISHED ACCOUNTS

By Himanshu Kishnadwala, Chartered Accountant
Reading Time 6 mins

Compilers’ Note: For the financial year ended 31st March, 2022 onwards, one of the key disclosures required in Schedule III to the Companies Act, 2013 is related to the ageing of Capital Work-in-Progress.

Given below are a few instances of such disclosures regarding ageing and other details related to Capital Work-in-Progress for F.Y. 2021-22. Though comparatives (for 31st March, 2021) must be disclosed and complied with by the respective companies, the same is not included in this compilation. HINDUSTAN UNILEVER LTD. From Notes to Financial Statements Capital Work-in-Progress Capital work-in-progress comprises of property, plant and equipment that are not ready for their intended use at the end of reporting period and are carried at cost comprising direct costs, related incidental expenses, other directly attributable costs and borrowing costs. Temporarily suspended projects do not include those projects where temporary suspension is a necessary part of the process of getting an asset ready for its intended use. Ageing of CWIP as on 31st March, 2022

(All amounts in Rcrores)

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