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

Why does Ind AS 36 retain paragraph numbers 138-140K and 140M even though their content is not included?

Paragraphs 138-140K and 140M deal with transitional provisions and effective date, which are not considered relevant in the Indian context, so their text is omitted. Their numbers are retained in Ind AS 36 to stay consistent with the paragraph numbering of IAS 36.

  1. AThey contain the transitional provisions of Ind AS 36 that apply only to first-time adopters
  2. BThey relate to transitional provisions and effective date, which are not relevant in the Indian context, and the numbers are kept for consistency with IAS 36Correct
  3. CThey were replaced by Ind AS 113 requirements on fair value
  4. DThey were deleted because Ind AS 36 has no effective date

Explanation

The comparison states that paragraphs 138-140K and 140M, relating to transitional provisions and effective date, are not included as they are not relevant in the Indian context; numbers are retained for consistency with IAS 36. Ind AS 113 is linked to paragraphs 5(b) and 25-27, not these.

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