So,
As per 101 - When you first adopt Ind As there’s inconsistency in recognising revenue, cost, even leases, financial assets, etc
When you first move from AS to Ind As you have to make sure to give the restrospective changes as on the due date as the same is change in accounting policy.
Co. Had some understatement of 16 crores of PBT due to recognition differnece which they had booked last time the same is missing this time.
As per Ind As 109 FV gain on equity instrument is not opted for one time choice to route through OCI should be routed through PL
FVTPL makes this compulsion.
Hence, if you see the changes and take out the above effect,
Effectively the co. Has grown it’s bottom line by 20.833%
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