Disclosures Checklist of Indian Accounting Standards (Ind AS)

ByD meenal vaid
July 10, 2023
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Disclosures Checklist of Indian Accounting Standards (Ind AS)
Ind AS 1, Presentation of Financial Statements
S.No	Disclosure	Y/NA/N M

1	When financial statements comply with Ind AS, disclosure by way of an explicit and unreserved	Yes
	statement of such compliance in the notes.
2	Additional disclosures when compliance with the specific requirements in Ind ASs is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the	Yes
	entity’s financial position and financial performance.
3	In the extremely rare circumstances in which management concludes that compliance with a requirement in an Ind AS would be so misleading that it would conflict with the objective of financial statements set out in the Framework, the entity shall departs from that requirement if the relevant regulatory framework requires, or otherwise does not prohibit, such a departure), and it shall disclosure that:	Yes
	(a) management has concluded that the financial statements present a true and fair view of the entity’s financial position, financial performance and cash flows;
	(b) it has complied with applicable Ind ASs, except that it has departed from a particular requirement to present a true and fair view;
	(c) the title of the Ind AS from which the entity has departed, the nature of the departure, including the treatment that the Ind AS would require, the reason why that treatment would be so
	misleading in the circumstances that it would conflict with the objective of financial statements set out in the Framework, and the treatment adopted; and
	(d) for each period presented, the financial effect of the departure on each item in the financial statements that would have been reported in
	complying with the requirement.
4	In case entity departed from a requirement of an Ind AS in a prior period, and that departure affects the amounts recognised in the financial statements for	Yes
	the current period, disclosures set out in paragraph 1.20 (c) and 1.20 (d).
5	When management is aware of material uncertainties related to events or conditions that may cast significant doubt upon the entity’s ability to continue as a going concern but going concern concluded to be valid and financial statements are prepared on a going concern basis, disclosure of those uncertainties.	Yes
	When financial statement are not prepared on going concern basis, disclosure of that fact, together with basis on which entity it prepared financial statements and the reason why the entity is not regarded as a
	going concern.
6	Disclosure of significant accounting policies comprising:	Yes
	(a) the measurement basis (or bases) used in preparing the financial statements; and
	(b) the other accounting policies used that are relevant to an understanding of the financial statements.
7	Disclosure of each significant accounting policy that is not specifically required by Ind ASs but the entity selects and applies in accordance with Ind AS 8.	Yes
	(An accounting policy may be significant because of the nature of the entity’s operations even if amounts
	for current and prior periods are not material.)
8	Disclosure of, along with its significant accounting policies or other notes, the judgements, apart from those involving estimations, (see paragraph 1.125) made by management in the process of applying the entity’s accounting policies and that have the most significant effect on the amounts recognised in the	Yes
	financial statements.
9	Disclosure of information about the assumptions made about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year. The notes shall include details of:	Yes
	(a) their nature, and
	(b) their carrying amount as at the end of the reporting period.
10	If it is impracticable to disclose the extent of the possible effects of an assumption or another source of estimation uncertainty at the end of the reporting period, disclosures that it is reasonably possible, on the basis of existing knowledge, that outcomes within the next financial year that are different from the assumption could require a material adjustment to the carrying amount of the asset or liability affected.	Yes
	In all cases, disclosure of the nature and carrying
	amount of the specific asset or liability (or class of assets or liabilities) affected by the assumption.
Ind AS 2, Inventories
S.No	Disclosure	Y/NA/N M

1	Disclosure of:	Yes
	(a) the accounting policies adopted in measuring inventories, including the cost formula used
	(b) the total carrying amount of inventories and the carrying amount in classifications appropriate to the entity
	(c) the carrying amount of inventories carried at fair value less costs to sell
	(d) the amount of inventories recognised as an expense during the period
	(e) the amount of any write-down of inventories recognised as an expense in the period in accordance with paragraph 2.34.
	(f) the amount of any reversal of any write-down that is recognised as a reduction in the amount of inventories recognised as expense in the period in accordance with paragraph 2.34
	(g) the circumstances or events that led to the reversal of a write down of inventories in accordance with paragraph 2.34
	(h) the carrying amount of inventories pledged as security for liabilities.
2	In case entity adopts a format for profit and loss that results in amounts being disclosed other than the cost of inventories recognised as an expense during the period and the entity presents an analysis of expenses using a classification based on the nature of expenses, disclosures of the costs recognised as an expense for raw materials and consumables, labour	Yes
	costs and other costs together with the amount of the net change in inventories for the period.
Ind AS 7, Cash Flow Statements
S.No	Disclosure	Y/NA/N M

1	Disclosure of, in aggregate, in respect of both obtaining and losing control of subsidiaries or other businesses during the period each of the following:	Yes
	(a) the total consideration paid or received;
	(b) the portion of the consideration consisting of cash and cash equivalents;
	(c) the amount of cash and cash equivalents in the subsidiaries or other businesses over which control is obtained or lost; and
	(d) the amount of the assets and liabilities other than cash or cash equivalents in the subsidiaries or other businesses over which control is obtained or lost, summarised by each major category.
2	Disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing	Yes
	activities, including both changes arising from cash flows and non-cash changes.
3	To the extent necessary to satisfy the requirement in paragraph 7.44A, disclosure of the following changes in liabilities arising from financing activities:	Yes
	(a) changes from financing cash flows;
	(b) changes arising from obtaining or losing control of subsidiaries or other businesses;
	(c) the effect of changes in foreign exchange rates;
	(d) changes in fair values; and
	(e) other changes.
4	Liabilities arising from financing activities are liabilities for which cash flows were, or future cash flows will be, classified in the statement of cash flows as cash flows from financing activities. In addition, the disclosure requirement in paragraph 7.44A also applies to changes in financial assets (for example, assets that hedge liabilities arising from financing activities) if cash flows from those financial assets were, or future cash	Yes
	flows will be, included in cash flows from financing activities.
5	Disclosure of the components of cash and cash equivalents.
6	Disclosure, together with a commentary by management, of the amount of significant cash and cash equivalent balances held by the entity that are
	not available for use by the group.
7	Disclosure of segmental cash flows to enables users to obtain a better understanding of the relationship between the cash flows of the business as a whole and those of its component parts and the availability
	and variability of segmental cash flows.
Ind AS 12, Income Taxes
S.No	Disclosure	Y/NA/N M

1	Disclosures of following major components of tax expense (income) separately:	Yes
	(a) current tax expense (income);
	(b) any adjustments recognised in the period for current tax of prior periods;
	(c) the amount of deferred tax expense (income) relating to the origination and reversal of temporary differences;
	(d) the amount of deferred tax expense (income) relating to changes in tax rates or the imposition of new taxes;
	(e) the amount of the benefit arising from a previously unrecognised tax loss, tax credit or temporary difference of a prior period that is used to reduce current tax expense;
	(f) the amount of the benefit from a previously unrecognised tax loss, tax credit or temporary difference of a prior period that is used to reduce deferred tax expense;
	(g) deferred tax expense arising from the write-down, or reversal of a previous write-down, of a deferred tax asset in accordance with paragraph 56 of this Standard; and
	(h) the amount of tax expense (income) relating to those changes in accounting policies and errors that are included in profit or loss in accordance with Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors, because they
	cannot be accounted for retrospectively.
2	Separate disclosure of the following:	Yes
	(a) the aggregate current and deferred tax relating to items that are charged or credited directly to equity (see paragraph 12.62A);
	(b) the amount of income tax relating to each component of other comprehensive income
	(paragraph 12.62 and Ind AS 1, Presentation of Financial Statements);
	(c) an explanation of the relationship between tax expense (income) and accounting profit in either or both of the following forms:
	(i) a numerical reconciliation between tax expense (income) and the product of accounting profit multiplied by the applicable tax rate(s), disclosing also the basis on which the applicable tax rate(s) is (are) computed; or
	(ii) a numerical reconciliation between the average effective tax rate and the applicable tax rate, disclosing also the basis on which the applicable tax rate is computed;
	(d) an explanation of changes in the applicable tax rate(s) compared to the previous accounting period;
	(e) the amount (and expiry date, if any) of deductible temporary differences, unused tax losses, and unused tax credits for which no deferred tax asset is recognised in the balance sheet;
	(f) the aggregate amount of temporary differences associated with investments in subsidiaries, branches and associates and interests in joint arrangements, for which deferred tax liabilities have not been recognised (see paragraph 12.39);
	(g) in respect of each type of temporary difference, and in respect of each type of unused tax losses and unused tax credits:
	(i) the amount of the deferred tax assets and liabilities recognised in the balance sheet for each period presented;
	(ii) the amount of the deferred tax income or expense recognised in profit or loss, if this is not apparent from the changes in the amounts recognised in the balance sheet;
	(h) in respect of discontinued operations, the tax expense relating to:
	(i) the gain or loss on discontinuance; and
	(ii) the profit or loss from the ordinary activities of the discontinued operation for the period, together with the corresponding amounts for each prior period presented;
	(i) the amount of income tax consequences of dividends to shareholders of the entity that were proposed or declared before the financial statements were approved for issue, but are not recognised as a liability in the financial statements;
	(j) if a business combination in which the entity is the acquirer causes a change in the amount recognised for its pre-acquisition deferred tax asset (paragraph 12.67), the amount of that change; and
	(k) if the deferred tax benefits acquired in a business combination are not recognised at the acquisition date but are recognised after the acquisition date (paragraph 12.68), a description of the event or change in circumstances that caused the deferred tax benefits to be recognised.
3	An entity shall disclose the amount of a deferred tax asset and the nature of the evidence supporting its recognition, when:	Yes
	(a) the utilisation of the deferred tax asset is dependent on future taxable profits in excess of the profits arising from the reversal of existing taxable temporary differences; and
	(b) the entity has suffered a loss in either the current or preceding period in the tax jurisdiction to which the deferred tax asset relates.
4	When income taxes are payable at a higher or lower rate if part or all of the net profit or retained earnings is paid out as a dividend to shareholders or when income taxes may be refundable or payable if part or all of the net profit or retained earnings is paid out as a dividend to shareholders, as per paragraph 12.52A disclosure of the nature of the potential income tax consequences that would result from the payment of dividends to its shareholders.
	In addition, disclosures of the amounts of the potential income tax consequences practicably determinable
	and whether there are any potential income tax consequences not practicably determinable.
Ind AS 16, Property, Plant and Equipment
S.No	Disclosure	Y/NA/N M

1	For each class of Property Plant and Equipment, disclosures of following:	Yes
	(a) the measurement bases used for determining the gross carrying amount;
	(b) the depreciation methods used;
	(c) the useful lives or the depreciation rates used;
	(d) the gross carrying amount and the accumulated depreciation (aggregated with accumulated impairment losses) at the beginning and end of the period; and
	(e) a reconciliation of the carrying amount at the beginning and end of the period showing:
	(i) additions;
	(ii) assets classified as held for sale or included in a disposal group classified as held for sale in accordance with Ind AS 105 and other disposals;
	(iii) acquisitions through business combinations;
	(iv) increases or decreases resulting from revaluations under paragraphs 16.31, 16.39 and
	16.40 and from impairment losses recognised or reversed in other comprehensive income in accordance with Ind AS 36, Impairment of Assets;
	(v) impairment losses recognised in profit or loss in accordance with Ind AS 36, Impairment of Assets;
	(vi) impairment losses reversed in profit or loss in accordance with Ind AS 36, Impairment of Assets;
	(vii) depreciation;
	(viii) the net exchange differences arising on the translation of the financial statements from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity; and
	(ix) other changes.
2	Disclosures of the following:	Yes
	(a) the existence and amounts of restrictions on title, and property, plant and equipment pledged as security for liabilities;
	(b) the amount of expenditures recognised in the carrying amount of an item of property, plant and equipment in the course of its construction;
	(c) the amount of contractual commitments for the acquisition of property, plant and equipment; and
	(d) if it is not disclosed separately in the statement of profit and loss, the amount of compensation from third parties for items of property, plant and
	equipment that were impaired, lost or given up that is included in profit or loss.
Ind AS 18, Revenue
S.No	Disclosure	Y/NA/N M

1	Disclosure of:	Yes
	(a) the accounting policies adopted for the recognition of revenue, including the methods adopted to determine the stage of completion of transactions involving the rendering of services;
	(b) the amount of each significant category of revenue recognised during the period, including revenue arising from:
	(i) the sale of goods;
	(ii) the rendering of services; and
	(iii) royalties
	(c) the amount of revenue arising from exchanges of goods or services included in each significant category of revenue.
2	Disclosures of any contingent liabilities and contingent assets arising from items such as warranty costs, claims, penalties or possible losses in accordance with Ind AS 37, Provisions, Contingent Liabilities and Contingent Assets.	Yes
Ind AS 19, Employee Benefits
S.No	Disclosure	Y/NA/N M

1	Disclosure about short-term employee benefits for key management personnel in accordance with Ind AS 24, Related Party Disclosures, and disclosure of	Yes
	short-term employee benefits expense in accordance with Ind AS 1, Presentation of Financial Statements.
2	Disclosure of the amount recognised as an expense for defined contribution plans.	Yes
3	Where required by Ind AS 24, disclosure of information about contributions to defined contribution plans for key management personnel.	Yes
4	Disclosure of information that:	Yes
	(a) explains the characteristics of its defined benefit plans and risks associated with them (paragraph 139 of this Standard);
	(b) identifies and explains the amounts in its financial statements arising from its defined benefit plans (paragraphs 19.140–19.144 this Standard); and
	(c) describes how its defined benefit plans may affect the amount, timing and uncertainty of the entity’s future cash flows (paragraphs 19.145–19.147).
5	Have assessment been made as to whether all or some disclosures should be disaggregated to distinguish plans or groups of plans with materially different risks.	Yes
	For example, an entity may disaggregate disclosure about plans showing one or more of the following features:
	(a) different geographical locations.
	(b) different characteristics such as flat salary pension plans, final salary pension plans or postemployment medical plans.
	(c) different regulatory environments.
	(d) different reporting segments.
	(e) different funding arrangements (eg wholly unfunded, wholly or partly funded).
6	Disclosure of:	Yes
	(a) information about the characteristics of its defined benefit plans, including:
	(i) the nature of the benefits provided by the plan (eg final salary defined benefit plan or contribution-based plan with guarantee).
	(ii) a description of the regulatory framework in which the plan operates, for example the level of any minimum funding requirements, and any effect of the regulatory framework on the plan, such as the asset ceiling (see paragraph 19.64).
	(iii) a description of any other entity’s responsibilities for the governance of the plan, for example responsibilities of trustees or of board members of the plan.
	(b) a description of the risks to which the plan exposes the entity, focused on any unusual, entity specific or plan-specific risks, and of any significant concentrations of risk. For example, if plan assets are invested primarily in one class of investments, eg property, the plan may expose the entity to a concentration of property market risk.
	(c) a description of any plan amendments,
	curtailments and settlements.
7	An entity shall provide a reconciliation from the opening balance to the closing balance for each of the following, if applicable:	Yes
	(a) the net defined benefit liability (asset), showing separate reconciliations for:
	(i) plan assets.
	(ii) the present value of the defined benefit obligation.
	(iii) the effect of the asset ceiling.
	(b) any reimbursement rights. An entity shall also describe the relationship between any reimbursement right and the related obligation.
Ind AS 20, Accounting for Government Grants and Disclosure of Government Assistance
S.No	Disclosure	Y/NA/N M

1	Disclosure of:	Not Applicable
	(a) the accounting policy adopted for government grants, including the methods of presentation adopted in the financial statements;
	(b) the nature and extent of government grants recognised in the financial statements and an indication of other forms of government assistance from which the entity has directly benefited; and
	(c) unfulfilled conditions and other contingencies attaching to government assistance that has been
	recognised.
Ind AS 21, The Effects of Changes in Foreign Exchange Rates
S.No	Disclosure	Y/NA/N M

1	Disclosure of:	Yes
	a) Exchange differences recognised in profit or loss, except for those arising on financial instruments accounted in accordance with Ind AS 109, and
	b) Net exchange differences recognised in other comprehensive
	c) income and accumulated in a separate component of equity, and a reconciliation of such exchange differences at the beginning and end of the period.
2	In case presentation currency is different from the functional currency, state that fact together with disclosure of the functional currency and the reason	Yes
	for using a different presentation currency.
3	Disclosure of change in the functional currency of either the reporting entity or a significant foreign operation, together with the reason for the change in functional currency and the date of change in	Yes
	functional currency.
4	In case financial statements are presented in a currency that is different from its functional currency, description that the financial statements as complying with Ind ASs only if they comply with all the requirements of each applicable Standard including	Not Applicable
	the translation method set out in paragraphs 21.39 and 21.42.
5	In case financial statements or other financial information are presented in a currency that is different from either its functional currency or its presentation currency and the requirements of paragraph 21.55 is not met, whether:	Not Applicable
	a) the information has been clearly identified as supplementary information to distinguish it from the information that complies with Ind ASs,
	b) disclosed the currency in which the supplementary information is displayed, and
	c) disclosed the entity’s functional currency and the method of translation used to determine the supplementary information?
Ind AS 23, Borrowing Costs
S.No	Disclosure	Y/NA/N M

1	Disclosure of:	Yes
	(a) the amount of borrowing costs capitalised during the period; and
	(b) the capitalisation rate used to determine the
	amount of borrowing costs eligible for capitalisation.
Ind AS 24, Related Party Disclosures
S.No	Disclosure	Y/NA/N M

1	Disclosure of the relationship between parent and its subsidiaries irrespective of whether there have been transactions between them.	Yes
2	Disclosure of the name of parent and, if different, the ultimate controlling party.	Yes
3	Disclosures of next most senior parent if neither parent nor ultimate controlling party produces	Yes
	consolidated financial statements available for public use.
4	Disclosure of relationships, name of the related party and nature of the related party relationship, when control exists, irrespective of whether there have	Yes
	been transactions between the related parties
5	Disclosure of key management personnel compensation in total for each of following categories:	Yes
	a) Short-term employee benefits,
	b) Post-employment benefits,
	c) Other long-term benefits,
	d) Termination benefits, and
	e) Share based payment
6	In case key management personnel services are obtained from a ‘management entity’, the requirements of paragraph 24.17 is not required to apply to compensation paid or payable by the	Yes
	management entity to its employees or directors.
7	In case there has been related party transactions during the periods covered by the financial statements, disclosure of information about the transactions and outstanding balances, including commitments, necessary for an understanding of the potential effect of the relationship on the financial statements, including the following at a minimum:	Yes
	(a) Nature of related party relationship,
	(b) Amount of transactions,
	(c) Amount of outstanding balances (including commitments), and:
	(i) their terms and conditions, including whether they are secured, and nature of the consideration to be provided in settlement,
	(ii) Details of any guarantees given or received,
	(d) Provisions for doubtful debts related to outstanding balances,
	(e) Expense recognised in respect of bad or doubtful debts due from related parties, and
	(f) Amounts incurred for provision of key
	management personnel services that are provided by a separate entity.
Ind AS 29, Financial Reporting in Hyperinflationary Economies
S.N0	Disclosure	Y/NA/N M

1	Separate disclosure of gain or loss on the net monetary position included in profit or loss.
2	Disclosures shall be made of the following:
	(a) the fact that the financial statements and the corresponding figures for previous periods have been restated for the changes in the general purchasing power of the functional currency and, as a result, are stated in terms of the measuring unit current at the end of the reporting period;
	(b) whether the financial statements are based on a historical cost approach or a current cost approach;
	(c) the identity and level of the price index at the end of the reporting period and the movement in the index during the current and the previous reporting period.
	(d) the duration of the hyperinflationary situation existing in the economy.
3	Disclosures required by this Standard are needed to make clear the basis of dealing with the effects of inflation in the financial statements. They are also intended to provide other information necessary to
	understand that basis and the resulting amounts.
Ind AS 37, Provisions, Contingent Liabilities and Contingent Assets
S.N0	Disclosure	Y/NA/N M

1	This Standard applies to provisions for restructurings (including discontinued operations). When a restructuring meets the definition of a discontinued operation, additional disclosures may be required by Ind AS 105, Non-current Assets Held for Sale and	Yes
	Discontinued Operations.
2	If an entity starts to implement a restructuring plan, or announces its main features to those affected, only after the reporting period, disclosure is required under, Ind AS 10, Events after the Reporting Period, if the restructuring is material and non-disclosure could influence the economic decisions that users make on	Yes
	the basis of the financial statement.
3	For each class of provision, disclosure of:	Yes
	(a) the carrying amount at the beginning and end of the period;
	(b) additional provisions made in the period, including increases to existing provisions;
	(c) amounts used (i.e., incurred and charged against the provision) during the period;
	(d) unused amounts reversed during the period; and
	(e) the increase during the period in the discounted amount arising from the passage of time and the effect of any change in the discount rate.
	Comparative information is not required.
4	Disclosure of the following for each class of provision:	Yes
	(a) a brief description of the nature of the obligation and the expected timing of any resulting outflows of economic benefits;
	(b) an indication of the uncertainties about the amount or timing of those outflows. Where necessary to provide adequate information, an entity shall disclose the major assumptions made concerning future events, as addressed in paragraph 48; and
	(c) the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.
Ind AS 38, Intangible Assets
S.N0	Disclosure	Y/NA/N M

1	Disclosure of the following for each class of intangible assets, distinguishing between internally generated intangible assets and other intangible assets:	Not Applicable
	(a) whether the useful lives are indefinite or finite and, if finite, the useful lives or the amortisation rates used;
	(b) the amortisation methods used for intangible assets with finite useful lives;
	(c) the gross carrying amount and any accumulated amortisation (aggregated with accumulated impairment losses) at the beginning and end of the period;
	(d) the line item(s) of the statement of profit and loss in which any amortisation of intangible assets is included;
	(e) a reconciliation of the carrying amount at the beginning and end of the period showing:
	(i) additions, indicating separately those from internal development, those acquired separately, and those acquired through business combinations;
	(ii) assets classified as held for sale or included in a disposal group classified as held for sale in accordance with Ind AS 105 and other disposals;
	(iii) increases or decreases during the period resulting from revaluations under paragraphs 38.75, 38.85 and 38.86 and from impairment losses recognised or reversed in other comprehensive income in accordance with Ind AS 36 (if any);
	(iv) impairment losses recognised in profit or loss during the period in accordance with Ind AS 36 (if any);
	(v) impairment losses reversed in profit or loss during the period in accordance with Ind AS 36 (if any);
	(vi) any amortisation recognised during the period;
	(vii) net exchange differences arising on the translation of the financial statements into the presentation currency, and on the translation of a foreign operation into the presentation currency of the entity; and
	(viii) other changes in the carrying amount during
	the period.
2	A class of intangible assets is a grouping of assets of a similar nature and use in an entity’s operations. Examples of separate classes may include:	Not Applicable
	(a) brand names;
	(b) mastheads and publishing titles;
	(c) computer software;
	(d) licences and franchises;
	(e) copyrights, patents and other industrial property rights, service and operating rights;
	(f) recipes, formulae, models, designs and prototypes; and
	(g) intangible assets under development.
	The classes mentioned above are disaggregated (aggregated) into smaller (larger) classes if this results in more relevant information for the users of
	the financial statements.
3	Disclosures of information on impaired intangible assets in accordance with Ind AS 36 in addition to the information required by paragraph 38.118(e)(iii)–(v).	Not Applicable
4	Disclosure required under Ind AS 8 regarding nature and amount of a change in an accounting estimate that has a material effect in the current period or is expected to have a material effect in subsequent periods resulting from factors such as:	Not Applicable
	(a) the assessment of an intangible asset’s useful life;
	(b) the amortisation method; or
	(c) residual values.
5	Disclosure of:	Not Applicable
	(a) for an intangible asset assessed as having an indefinite useful life, the carrying amount of that asset and the reasons supporting the assessment
	of an indefinite useful life. In giving these reasons, the entity shall describe the factor(s) that played a significant role in determining that the asset has an indefinite useful life.
	(b) a description, the carrying amount and remaining amortisation period of any individual intangible asset that is material to the entity’s financial statements.
	(c) for intangible assets acquired by way of a government grant and initially recognised at fair value (paragraph 38.44):
	(i) the fair value initially recognised for these assets;
	(ii) their carrying amount; and
	(iii) whether they are measured after recognition under the cost model or the revaluation model.
	(d) the existence and carrying amounts of intangible assets whose title is restricted and the carrying amounts of intangible assets pledged as security for liabilities.
	(e) the amount of contractual commitments for the
	acquisition of intangible assets.
6	In case intangible assets are accounted for at revalued amounts, disclosure of the following:	Not Applicable
	(a) by class of intangible assets:
	(i) the effective date of the revaluation;
	(ii) the carrying amount of revalued intangible assets; and
	(iii) the carrying amount that would have been recognised had the revalued class of intangible assets been measured after recognition using the cost model in paragraph 38.74; and
	(b) the amount of the revaluation surplus that relates to intangible assets at the beginning and end of the period, indicating the changes during the period and any restrictions on the distribution of
	the balance to shareholders.
7	Disclosure of the aggregate amount of research and development expenditure recognised as an expense during the period.	Not Applicable
8	Optional disclosure of the following information:
	(a) a description of any fully amortised intangible asset that is still in use; and
	(b) a brief description of significant intangible assets controlled by the entity but not recognised as assets because they did not meet the recognition criteria in this Standard or because they were acquired or generated before this standard was
	effective.
Ind AS 113, Fair Value Measurements
S.N0	Disclosure	Y/NA/N M

1	Disclosure of the following:	Yes
	a) for assets and liabilities that are measured at fair value on a recurring or non-recurring basis in the balance sheet after initial recognition, the valuation techniques and inputs used to develop those measurements, and
	b) for recurring fair value measurements using significant unobservable inputs (Level 3), the effect of the measurements on profit or loss or
	other comprehensive income for the period.
2	Disclosure of, at a minimum, the following information for each class of assets and liabilities measured at fair value in the balance sheet after initial recognition:	Yes
	a) for recurring and non-recurring fair value measurements, the fair value measurement at the end of the reporting period, and for non- recurring fair value measurements, the reason for the measurement,
	b) for recurring and non-recurring fair value measurements, the level of the fair value hierarchy (Level 1, 2, or 3),
	c) if there are any transfers between level 1 and level 2 of the hierarchy, the reasons for those transfers,
	d) a description of the valuation technique (s) and the inputs used in the fair value measurement for the items categorised within Level 2 and Level 3 of the hierarchy,
	e) if there has been change in the valuation technique, that change and the reasons for making it,
	f) for fair value measurements categorised within Level 3 of the fair value hierarchy, quantitative information about the significant unobservable inputs,
3	Determination of the appropriate classes of assets and liabilities based on the following:	Yes
	a) the nature, characteristics and risks of the asset or liability, and
	b) the level of the fair value hierarchy within which the fair value measurement is categorised.
4	Disclose and consistently followed policy for	Yes
	determining the transfers between levels in the fair value hierarchy that are deemed to have occurred.

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