Ind AS 28

Ind AS 28 ‘Investments in Associates and Joint Ventures’ According to Para D31AC first time adopter shall test investment in joint venture for impairment in accordance with Ind AS 36 ‘Impairment of Assets’ at the date of transition to Ind ASs, regardless of whether there is any indication that the investment may be impaired. Any resulting impairment shall be recognised as an adjustment to retained earnings at the date of transition to Ind ASs.


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