Ind AS 21

Ind AS 21 ‘The Effects of Changes in Foreign Exchange Rates’ A first time adopter need not recognise some translation differences in other comprehensive income and accumulate these in a separate component of equity for cumulative translation differences that existed at the date of transition to Ind ASs.(a) The cumulative translation differences for all foreign operations are deemed to be zero at the date of transition to Ind ASs; and
(b) The gain or loss on a subsequent disposal of any foreign operation shall exclude translation differences that arose before the date of transition to Ind ASs and shall
include later translation differences.


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