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CMA Intermediate · Corporate Accounting and Auditing · Provisions, Contingent Liabilities and Contingent Assets (Ind AS 37)

Changes in existing decommissioning, restoration and similar liabilities, which interact with Ind AS 37, are dealt with in which appendix of another Ind AS, according to Appendix D of Ind AS 37?

Appendix A of Ind AS 16, Property, Plant and Equipment, deals with changes in existing decommissioning, restoration and similar liabilities, as referenced in Appendix D of Ind AS 37. The Ind AS 115 appendices cover service concession arrangements instead.

  1. AAppendix A of Ind AS 16, Property, Plant and EquipmentCorrect
  2. BAppendix D of Ind AS 115, Revenue from Contracts with Customers
  3. CAppendix E of Ind AS 115 on disclosures only
  4. DAppendix 1 of Ind AS 101

Explanation

Appendix D of Ind AS 37 lists Appendix A, Changes in Existing Decommissioning, Restoration and Similar Liabilities, contained in Ind AS 16. The Ind AS 115 appendices relate to service concession arrangements and their disclosures, so they are wrong for this matter.

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