Section 81 in The Companies (Accounting Standards) Rules, 2006
81. The financial statements should disclose, for each class of property, plant and equipment:
(a)the measurement bases (i.e., cost model or revaluation model) used for determining the gross carrying amount;(b)the depreciation methods used;(c)the useful lives or the depreciation rates used. In case the useful lives or the depreciation rates used are different from those specified in the statute governing the enterprise, it should make a specific mention of that fact;(d)the gross carrying amount and the accumulated depreciation (aggregated with accumulated impairment losses) at the beginning and end of the period; and(e)a reconciliation of the carrying amount at the beginning and end of the period showing:(i)additions;(ii)assets retired from active use and held for disposal;(iii)acquisitions through business combinations ;(iv)increases or decreases resulting from revaluations under paragraphs 34, 42 and 43 and from impairment losses recognised or reversed directly in revaluation surplus in accordance with AS 28;(v)impairment losses recognised in the statement of profit and loss in accordance with AS 28;(vi)impairment losses reversed in the statement of profit and loss in accordance with AS 28;(vii)depreciation;(viii)the net exchange differences arising on the translation of the financial statements of a non-integral foreign operation in accordance with AS 11, The Effects of Changes in Foreign Exchange Rates; and(ix)other changes.
