PKT Limited holds 51% equity in AB Limited and 61% equity in XY Limited. There are various information and explanations which are disclosed by the…

(a) Ind AS 110 does not give a list of information which is part of the separate financial statement of the components but that need not be reported in the notes and other explanatory material of the consolidated financial statements, however, based on section 129 (4) and circular issued by MCA, it can be construed that, even in consolidated financial statements under Ind AS, only those disclosures should be given which are relevant to consolidated financial statements. Based on the above discussion, in case of companies, information such as the following given in the notes to the separate financial statements of the parent and/or the subsidiary, need not be included in the consolidated financial statements. (i) Source from which bonus shares are issued, e.g., capitalization of profits or reserves or from securities premium account. (ii) Disclosure of all unutilized monies out of the issue indicating the form in which such unutilized funds have been invested. (iii) Disclosure required under Micro, Small and Medium Enterprises Development Act, 2006. (iv) A statement of investments (whether shown under “financial assets or non-financial assets as stock-in-trade) separately classifying trade investments and other investments, showing the names of the bodies corporate (indicating separately the names of the bodies corporate under the same management) in whose shares or debentures, investments have been made (including all investments, whether existing or not, made subsequent to the date as at which the previous balance sheet was made out) and the nature and extent of the investment so made in each such body corporate. (v) Value of imports calculated on C.I.F. basis by the company during the financial year in respect of: (a) raw materials; (b) components and spare parts; (c) capital goods. (vi) Expenditure in foreign currency during the financial year on account of royalty, know-how, professional and consultation fees, interest, and other matters. (vii) Value of all imported raw materials, spare parts and components consumed during the financial year and the value of all indigenous raw materials, spare parts and components similarly consumed and the percentage of each to the total consumption. (viii) The amount remitted during the year in foreign currencies on account of dividends, with a specific mention of the number of non-resident shareholders, the number of shares held by them on which the dividends were due and the year to which the dividends related. (ix) Earnings in foreign exchange classified under the following heads, namely: export of goods calculated on F.O.B. basis;royalty, know-how, professional and consultation fees;interest and dividend;other income, indicating the nature thereof.