Property, Plant & Equipment

IND AS-16

The Property, plant and equipment shall be recognised as an asset if, and only if:

 (a) it is probable that future economic benefits associated with the item will flow to the entity; and

(b) the cost of the item can be measured reliably

Impairment of Assets

IND AS-36

Fair Value of Assets/Cash Generating Unit (CGU) to be tested for impairment

Intangible Assets

IND AS-38

Fair Value of Intangible Asset is to be measured in following circumstances

·  Exchange Transaction with a non-monetary asset

·  Acquisition by way of a Government Grant

·  Business Combination

·  Revaluation Model for subsequent recognition

Investment Property

IND AS-40

Fair Value of Investment Property is to be measured in following circumstances

·  Exchange Transaction with a non-monetary asset

·  Acquired by way of finance lease

Fair Value to be measured for disclosure purpose at each reporting period

Share Based Payments

IND AS-102

Share-based payment transactions are to be measured at fair value for both listed and unlisted entities at each reporting date until final settlement

Business Combinations

IND AS-103

Following items are to be valued at fair value at the acquisition date

·  Identifiable Assets and Liabilities

·  Any previously held equity interest in the acquiree by the acquirer

·  Non controlling Interest

·  Consideration transferred

Financial Instruments

IND AS-109

·  Valuation of Investments in Unquoted Equity shares

·  Valuation of Financial Instruments measured at fair value through Profit or Loss or fair value through Other Comprehensive Income

Consolidated Financial Statements

IND AS-110

Investment in subsidiaries to be reported at fair value as on the reporting date.Any bank guarantee given by holding company on the Bank loan facility availed by the subsidiary company.

Revenue from Contracts with Customers

IND AS-115

Fair value of Non cash consideration received from customers