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CMA Final · Corporate Financial Reporting · Fair Value Measurement (Ind AS 113)

Ind AS 113 Appendix 1 notes that paragraph 7(b) of IFRS 13 is deleted in Ind AS 113. Why, and what is done about its number?

Paragraph 7(b) refers to IAS 26 on retirement benefit plans, which is not relevant for companies, so it is deleted. Its paragraph number is retained so Ind AS 113 stays consistent with the IFRS 13 numbering.

  1. AIt refers to IAS 26 on retirement benefit plans, not relevant for companies; the number is retained for consistencyCorrect
  2. BIt refers to share-based payments; the number is reused for another rule
  3. CIt refers to leases; the paragraph is merged into paragraph 9
  4. DIt refers to effective date; the number is removed and later paragraphs renumbered

Explanation

The Appendix says paragraph 7(b) refers to IAS 26, Accounting and Reporting by Retirement Benefit Plans, not relevant for companies, so it is deleted. The paragraph number is retained to keep numbering consistent with IFRS 13. No renumbering occurs, and it is not about leases or effective date.

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