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CA Final · Financial Reporting · Ind AS 113 Fair Value Measurement

Ind AS 113 Appendix 1 notes a difference from IFRS 13 regarding paragraph 7(b), which refers to IAS 26 Accounting and Reporting by Retirement Benefit Plans. How is this treated in Ind AS 113?

Paragraph 7(b) of Ind AS 113 is deleted because it refers to IAS 26 on retirement benefit plans, which is not relevant for companies. The paragraph number is retained so that numbering remains consistent with IFRS 13, so there is no renumbering or substitute text.

  1. AParagraph 7(b) is deleted as not relevant for companies, but its paragraph number is retained for consistency with IFRS 13Correct
  2. BParagraph 7(b) is retained and requires retirement benefit plans of companies to apply fair value measurement
  3. CParagraph 7(b) is deleted and subsequent paragraphs are renumbered
  4. DParagraph 7(b) is replaced by a reference to Ind AS 19 on employee benefits

Explanation

The comparison states that paragraph 7(b) refers to IAS 26, which is not relevant for companies, so the paragraph is deleted. To maintain consistency with IFRS 13 numbering, the paragraph number is retained. It is therefore neither renumbered nor replaced by another reference, and it imposes no requirement on retirement benefit plans.

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