Disclosures - Loans/Advances to JV(AS 27)
This query is : Resolved
Krishna Chaitanya M
(Querist)
15 July 2008
Hi,
Where shall loans/advances given to Joint ventures be disclosed in the stand -alone Balance Sheet
1) Loan to Jointly controlled entity @ 10% -- As per AS 27 shall it be disclosed under "Current Assets, Loans & Advances" or is it under "Investments" head.
2) Advances to JV Jointly controlled entity --- is it disclosed under under "Current Assets, Loans & Advances" or is it under "Investments" head.
Plz elaborate as per AS 27
How are the above disclosed in sttand-alone balance sheet of the parent company?
Where shall loans/advances given to Joint ventures be disclosed in the stand -alone Balance Sheet
1) Loan to Jointly controlled entity @ 10% -- As per AS 27 shall it be disclosed under "Current Assets, Loans & Advances" or is it under "Investments" head.
2) Advances to JV Jointly controlled entity --- is it disclosed under under "Current Assets, Loans & Advances" or is it under "Investments" head.
Plz elaborate as per AS 27
How are the above disclosed in sttand-alone balance sheet of the parent company?
Amit Bajaj
(Expert)
25 July 2008
It should be shown as loans to jointly controlled entities unders loans and advances.
Dhirajlal Rambhia
(Expert)
18 June 2023
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