Expensed either as provision in piecemeal manner or as write-off in one go. Hence, no opportunity for double counting.
In reporting, yet to see any standard approach. For instance, notes from Q4FY23 results of Rallis India :
None of the above expense shows up explicitly in the PnL.
Per FY23 AR, impact of note12 is shown under Other Expenses.
However, inventory provision does not reflect explicitly. I assume that it’s simply adjusted under ‘Changes in inventories of finished goods, stock-in-trade and work in-progress’
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