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CMA Final · Corporate Financial Reporting · Impairment of Assets (Ind AS 36)

Which statement about the treatment of the paragraph numbers of Ind AS 36 in comparison with IAS 36 is correct, as per the Ind AS 36 comparison appendix?

Paragraphs 25-27 of Ind AS 36 are deleted because of Ind AS 113 Fair Value Measurement, yet their numbers are kept so that paragraph numbering stays consistent with IAS 36. The other statements misdescribe deleted or retained paragraphs.

  1. AParagraphs 25-27 have been deleted as a consequence of Ind AS 113 Fair Value Measurement, but the numbering is retainedCorrect
  2. BParagraphs 91-95 contain separate Indian requirements on reversal of goodwill impairment
  3. CParagraph 2(f) is retained in full because Ind AS 40 permits the fair value model
  4. DParagraphs 138-140K are retained with full transitional rules for Indian entities

Explanation

The comparison appendix states that paragraphs 25-27 were deleted as a consequence of Ind AS 113, and the numbering was kept to stay consistent with IAS 36. Paragraphs 91-95 appear as 'Deleted' in IAS 36, not as new Indian rules. Paragraph 2(f) is deleted because Ind AS 40 requires the cost model. Paragraphs 138-140K are not included, as they are not relevant in the Indian context.

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