Capital market regulator Sebi on Tuesday proposed some noteworthy changes in the way listed companies disclose or report their financial results and audit notes.

Sebi proposed that all listed companies be made to report all figures in their financial statements in `Rs Crore' till 2 decimal points. Currently, different companies report financial figures in different formats, such as lakhs, millions etc, which create confusion.

The regulator also said that all companies would be made to furnish their consolidated financial results as stated by Indian GAAP - the country's notified accounting standard.

The list of proposals also included the suggestion that all companies should be made to disclose book value of their shares as well as statements of cash flow every six months. Along with detailed financial results, companies would also be made to furnish details for suspended operations.

Besides, the capital market regulator proposed making disclosure of half-yearly consolidated results obligatory for companies if there is a variation of 20 per cent or more in profit, loss, revenue, assets or liabilities.

The proposals aim at improving disclosure procedure, bringing consistency across the wide range of listed companies as well as reducing compliance cost for the companies.