-·· - ~ - - -·--
.,.
·-i
...
_J
There is a Breach in "Long Term
Loan Arrangement" before
Reporting Period which makes the
Loan Repayable on Demand and
Lender Agrees before the Approval
of Financial Statements not to
Demand Repayment.
+ +
Do not Classify as Classify as
Current Liability
as per INDAS 1
Current Liability
as perIAS 1
+
Determination of Carrying Amount of
Property, Plant & Equipment (PPE)
on date of Transition
+ -' ·"l,, ' +
~ er IND AS 101,fui'l
~ is provided to~
, arrying Amount of PPE
as per Old standards) as
Dee med Value of such
PPE on the Daw-ef
'Q:aositif_!!J_::::----
~·
~VSMART .,~ .J;)r !1!1111
RIil
ACADEMY ~., (9 7887 7887 05
Mos1 ~:~c:! Updates f R Mosl RoccnlV1do o5
Vsm,1n Ac.aclemy p,1ge ·grouo _ IC ~Ill\•'~"'
/
v~m.1n AcJ~f'TI) ch,Hl'lCI
.., w,th th,. A,nhora Pr1nt1ng aod Publl•t"
INDAS 115 v/s IFRS IS-
L-e. . - - - - - - - - - - - -0
IND AS 103 V/S IFRS 3 -
/
IND AS 32 v/s IAS 32 -
Penalties Part of Transaction Price or Not'? Gain From Bargain Purchase FCCB
y".
l .j.
C - - - • • - .j.
Consideration of Penalties in TreatmeOt of Gain from Bargain Conversion Option for Foreign Currency
Transaction Price of the contract Purchase (GBP) Denominated Bonds (FCCB)
Ii.
As per IND AS 115, As per IFRS 15, all types · AS per IND AS 103, GBP As Per IFRS 3, GBP is to As per IND AS 32, As per lAS 32, it is
~ r Penalty only if of Penalties ~ e is to be Transferred to be Recognised in Profit Conversion Option of treated as Financial
in determinatio.-a considered as Variable Capital Reserve (Other & Loss as Income FCCB to Acquire Fixed Liability (Derivative)
of Transaction Price Consideration to Include
in Transaction Price.
Equity) through OCI
/ .
No. of Entity's Own
Equity Instruments
and P/L arising out of
such contract in
!
Trea ted a s Equity Instrument
transferred to Statement
of Profit & Loss
I/
"'-- '- -- '-~<t-L
IND AS 40 vis IAS 40 -
Fair Value Model
+
Subsequent Recognition of
-=
IND AS 21 v/s IAS 21 -
Ex. Difference
+
Recognition of Exchange Difference
0
IND AS 28 v/s IAS 28 -
Reportinl?, Period
}
Reporting Period & Accounting Policy of
Investment Property arising on Translation of Monetary Items Associate Company and Investor Company
from Foreign Currency to Functional
Currency
1
'--,__
+ + + l
As per IND AS 40, As per IAS 40, Botb
+ l In IND AS 28, Phrase As per AS 28, Same
~i\S per IFRS 1, Deemed only COST Model COST a[!_d Fair Value "Unlessiinpracticable to Accounting Policy is
·for
Val u e the purpose of ,sallowed. ----:lVioclel are allow.fill_ As per IND AS 21, Option As per IAS 21, No do so" has been added required to be followed
Transition can be Fair Fair Value can be to Continue para 46 of AS Such Option is Given
Value Only (No Choice to used only for 11 for difference arising
T ake Carrying Amt. as Disclosure before Transition date has
per Previous GAAP) Purpose been provided i.e. E ither
Capftalise the difference
or Defer the Ddlerence
,.-~
GI - - - - - - , - - - 1..
. i• ..,,.
] ",
L