Gains and Losses arising from translating

Gains and Losses arising from translating the financial statements of a foreign operation as per Ind AS 21, ‘The Effects of Changes in Foreign Exchange Rates’ As per Para 48 of Ind AS 21 ‘The Effects of Changes in Foreign Exchange Rates’, on the disposal of a foreign operation, the cumulative amount of the exchange differences relating to that foreign operation, recognised in other comprehensive income and accumulated in the separate component of equity, shall be reclassified from equity to profit or loss. As per the requirement of Schedule III they are presented as “Items that will be re-classified to profit or loss.”


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