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CA Intermediate · Advanced Accounting · AS 25 Interim Financial Reporting

Sundaram Textiles Ltd, a listed company, prepares its interim financial report for the quarter ended 30 September 2026 under AS 25. Which of the following is the minimum set of components that an interim financial report may contain?

Under AS 25, the minimum components of an interim financial report are a condensed balance sheet, a condensed statement of profit and loss, a condensed cash flow statement and selected explanatory notes. A full set of annual financial statements is not required for interim reporting.

  1. ACondensed balance sheet, condensed statement of profit and loss, condensed cash flow statement and selected explanatory notesCorrect
  2. BOnly a condensed statement of profit and loss
  3. CComplete set of annual financial statements with all notes
  4. DOnly a condensed balance sheet and a director's report

Explanation

AS 25 states that an interim financial report should include, at a minimum, a condensed balance sheet, a condensed statement of profit and loss, a condensed cash flow statement and selected explanatory notes. A complete set of annual statements is not required, and a profit and loss account alone is insufficient.

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