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CA Final · Financial Reporting · Ind AS 102 Share Based Payment

Meridian Foods Ltd is applying the 2021 amendment to the footnote in the definition of an equity instrument in Appendix A of Ind AS 102, referencing the Conceptual Framework. Retrospective application would be impracticable. What does paragraph 63E require?

Where retrospective application would be impracticable or involve undue cost or effort, Meridian Foods applies the amendment by reference to paragraphs 23-28, 50-53 and 54F of Ind AS 8. The amendment is effective for annual periods beginning on or after 1 April 2021.

  1. AThe amendment is not applied at all
  2. BThe amendment is applied by reference to paragraphs 23-28, 50-53 and 54F of Ind AS 8Correct
  3. CThe amendment is applied only to awards granted after 1 April 2021 without reference to Ind AS 8
  4. DThe amendment is applied by restating comparatives using hindsight

Explanation

Paragraph 63E requires retrospective application per Ind AS 8, but if that is impracticable or involves undue cost or effort, the entity applies it by reference to paragraphs 23-28, 50-53 and 54F of Ind AS 8. The effective date is annual periods beginning on or after 1 April 2021.

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