Reuirement for indian companies

In India companies required to comply with IFRS are required to converge by 1st April 2011.

Whenever an entity retrospectively applies an accounting policy, or makes a retrospective restatement of items in its financial statements, or when it reclassifies items in its financial statements to comply with IAS 1, an entity’s first IFRS financial statements shall include at least:

three statements of financial position,

two statements of comprehensive income, two separate income statements (if presented),

two statements of cash flows and

two statements of changes in equity and related notes, including comparative information.