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Separate Financial Statements

Ind AS - 027 - B. Indian Accounting Standards (Ind AS) - Companies Law - Ind AS - 027 - Indian Accounting Standard (Ind AS) 27 (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles. ) Objective 1 The objective of this Standard is to prescribe the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates when an entity prepares . Scope 2 This .....

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quity, income, expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic entity. are those presented by a parent (i.e an investor with control of a subsidiary) or an investor with joint control of, or significant influence over, an investee, in which the investments are accounted for at cost or in accordance with Ind AS 109, Financial Instruments. 5 The following terms are defined in Appendix A of Ind AS 110, Consolidated Financial Statements, Appendi .....

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t in paragraphs 8-8A. need not be appended to, or accompany, those statements. 7 Financial statements in which the equity method is applied are not . These may be termed as consolidated financial statements . Similarly, the financial statements of an entity that does not have a subsidiary, associate or joint venturer s interest in a joint venture are not . 8 An entity that is exempted in accordance with paragraph 4(a) of Ind AS 110 from consolidation or paragraph 17 of Ind AS 28 from applying th .....

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ents in subsidiaries, joint ventures and associates either: (a) at cost, or (b) in accordance with Ind AS 109. The entity shall apply the same accounting for each category of investments. Investments accounted for at cost shall be accounted for in accordance with Ind AS 105, Non-current Assets Held for Sale and Discontinued Operations, when they are classified as held for sale (or included in a disposal group that is classified as held for sale). The measurement of investments accounted for in a .....

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ith Ind AS 109, it shall also account for its investment in a subsidiary in the same way in its . 11B When a parent ceases to be an investment entity, or becomes an investment entity, it shall account for the change from the date when the change in status occurred, as follows: (a) when an entity ceases to be an investment entity, the entity shall, in accordance with paragraph 10, either: (i) account for an investment in a subsidiary at cost. The fair value of the subsidiary at the date of the ch .....

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s in profit or loss. The cumulative amount of any fair value adjustment previously recognised in other comprehensive income in respect of those subsidiaries shall be treated as if the investment entity had disposed of those subsidiaries at the date of change in status. 12 An entity shall recognise a dividend from a subsidiary, a joint venture or an associate in profit or loss in its when its right to receive the dividend is established. 13 When a parent reorganises the structure of its group by .....

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net assets of the original group and the new group immediately before and after the reorganisation, and the new parent accounts for its investment in the original parent in accordance with paragraph 10(a) in its , the new parent shall measure cost at the carrying amount of its share of the equity items shown in the of the original parent at the date of the reorganisation. 14 Similarly, an entity that is not a parent might establish a new entity as its parent in a manner that satisfies the crite .....

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those : (a) the fact that the financial statements are ; that the exemption from consolidation has been used; the name and principal place of business (and country of incorporation, if different) of the entity whose consolidated financial statements that comply with Ind ASs have been produced for public use; and the address where those consolidated financial statements are obtainable. (b) a list of significant investments in subsidiaries, joint ventures and associates, including: (i) the name of .....

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t entity shall also present the disclosures relating to investment entities required by Ind AS 112, Disclosure of Interests in Other Entities. 17 When a parent (other than a parent covered by paragraphs 16-16A) or an investor with joint control of, or significant influence over, an investee prepares , the parent or investor shall identify the financial statements prepared in accordance with Ind AS 110, Ind AS 111 or Ind AS 28 to which they relate. The parent or investor shall also disclose in it .....

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