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CA Final · Financial Reporting · Ind AS 36 Impairment of Assets

Himalaya Steels Ltd's accountant lists the paragraphs of Ind AS 36 that referred to Illustrative Examples of IAS 36 but were deleted in Ind AS 36 because the examples are not integral to the Standard. Which set is correct per the comparison text?

The deleted references to illustrative examples are paragraph 103 (corporate assets, Example 8), paragraph 137 (disclosures under paragraphs 134 and 135, Example 9) and paragraph C9 of Appendix C (non-wholly-owned cash-generating unit with goodwill, Example 7). Their numbers are retained for consistency with IAS 36.

  1. AParagraph 103 (corporate assets example), paragraph 137 (disclosures example) and paragraph C9 of Appendix C (non-wholly-owned CGU with goodwill example)Correct
  2. BParagraphs 25-27, 5(b) and 2(f)
  3. CParagraphs 91-95 and 138-140K
  4. DParagraph 103, paragraphs 91-95 and paragraph 140M

Explanation

The text lists three deleted paragraphs referring to illustrative examples: 103 (Example 8, corporate assets), 137 (Example 9, disclosures under 134 and 135) and C9 (Example 7). Paragraphs 25-27 and 5(b) relate to Ind AS 113, 2(f) to Ind AS 40, 91-95 are shown as Deleted in IAS 36 itself, and 138-140K relate to transition, so other options mix categories.

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