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CA Final · Financial Reporting · Ind AS 28 Investments in Associates and Joint Ventures

A student notices that Ind AS 28 contains a paragraph numbered 41 with no operative text, and that paragraphs 45 to 45D are also not reproduced. What does the comparison with IAS 28 say about this?

Paragraph 41 appears as deleted in IAS 28, and its number is retained in Ind AS 28 to keep paragraph numbering consistent. Paragraphs 45 to 45D, which cover effective date and transition and are not relevant in India, are likewise not included, though their numbers are kept.

  1. AParagraph 41 has been deleted in IAS 28, and the number is retained in Ind AS 28 to maintain consistency with IAS 28 paragraph numbersCorrect
  2. BParagraph 41 was added only in Ind AS 28 and has no IAS 28 counterpart
  3. CParagraphs 45 to 45D were omitted because they deal with equity method measurement, which does not apply in India
  4. DParagraph numbers were retained only for paragraph 41; the numbers of 45 to 45D were renumbered

Explanation

The comparison states that paragraph 41 appears as deleted in IAS 28 and its number is kept in Ind AS 28 for consistency. Paragraphs 45 to 45D relate to effective date and transition, which are not relevant in the Indian context, and their numbers are also retained. The other options misdescribe both points.

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