Comparison Chart of ICDS-VIII, AS-13 & IndAS-109

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..... ities held by mutual funds, venture capital funds, banks and public financial institutions formed under a Central or a State Act or so declared under the Companies Act, 1956 or the Companies Act, 2013 . b) The basis for recognition of interest and dividends on securities which are covered by ICDS on Revenue. Securities held as stock-in-trade are outside the scope of AS 13 . However, provisions of AS 13 relating to current investments are applicable to securities held as stock- in-trade with suitable modifications. AS 13 does not deals with : a) Investments of retirement benefit plans and life insurance enterprises; and b) Mutual funds and venture capital funds and/ or the related asset management com .....

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..... ppropriate cases, may be indicated by the issue price as determined by statutory authorities). The fair value may not necessarily be equal to the nominal or par value of the securities issued. If an investment is acquired in exchange, or part exchange, for another asset, the acquisition cost of the investment is determined by reference to the fair value of the asset given up. It may be appropriate to consider the fair value of the investment acquired if it is more clearly evident. When unpaid interest has accrued before the acquisition of an interest- bearing investment and is therefore included in the price paid for the investment, the subsequent receipt of interest is allocated between pre-acquisition and post- .....

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..... on first-in- first-out basis. As per AS 13, investments are classified as long-term or current. A current investment is an investment that is by its nature readily realisable and is intended to be held for not more than one year from the date on which such investment is made. A long-term investment is an investment other than a current investment. Accordingly, the assessment of whether an investment is long-term has to be made on the date the investment is made. Long-term investments are carried at cost less provision for diminution in value, which is other than temporary. Current investments are carried at lower of cost and fair value. Valuation of current investments .....

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