Skip to content

CA Intermediate · Advanced Accounting · AS 25 Interim Financial Reporting

Veda Textiles Ltd, a listed company, publishes its interim financial report for the half-year ended 30 September 2026 under AS 25. Which of the following is the minimum set of components that an interim financial report must contain under AS 25?

Under AS 25 the minimum interim report comprises a condensed balance sheet, a condensed statement of profit and loss, a condensed cash flow statement and selected explanatory notes. Leaving out any of these components, such as the cash flow statement or the notes, would make the interim report non-compliant with the standard.

  1. ACondensed balance sheet, condensed statement of profit and loss, condensed cash flow statement and selected explanatory notesCorrect
  2. BComplete balance sheet and statement of profit and loss only, with no notes
  3. CCondensed statement of profit and loss and selected explanatory notes only
  4. DCondensed balance sheet and condensed cash flow statement only

Explanation

AS 25 requires an interim financial report to include, at a minimum, a condensed balance sheet, a condensed statement of profit and loss, a condensed cash flow statement and selected explanatory notes. Omitting the cash flow statement or the notes is not permitted, so the other options are incomplete.

Did you get it right without looking?

One question tells you little. A timed set on AS 25 Interim Financial Reporting shows your real accuracy, how long you take and where you lose marks.

Practise AS 25 Interim Financial ReportingFree diagnostic mock

More AS 25 Interim Financial Reporting questions