Disclosures - Ind AS - Indian Accounting Standards - Companies Law

Disclosures The financial statements should disclose, for each class of property, plant and equipment: the measurement bases used for determining the gross carrying amount; the depreciation methods used; the useful lives or the depreciation rates used; and the gross carrying amount and the accumulated depreciation (aggregated with accumulated impairment losses) at the beginning and end of the period. Entity is also required to provide a reconciliation of the carrying amount at the beginning and end of the period showing: additions; 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; acquisitions through business combinations; increases or decreases resulting from revaluations and from impairment losses recognised or reversed in other comprehensive income; impairment losses recognised in profit or loss in accordance with Ind AS 36; impairment losses reversed in profit or loss in accordance with Ind AS 36; depreciation; 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 other changes.