Premilinery exp

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binita (Querist)
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06 July 2012 Hi,

I want to know where prelimibnery exp should be shown under new format of B/s

Thanks & Regards
Binita Behl

Sanjay Chauhan (IFRS)

Sanjay Chauhan (IFRS) (Expert)
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06 July 2012 excerpt from para 8.7.4 of final Guidance note on revised schedule VI

The Revised Schedule VI does not contain any specific disclosure requirement for the unamortized portion of expense items such as shareissue expenses, ancillary borrowing costs and discount or premium relating to borrowings. The Old Schedule VI required these items to be included
under the head “Miscellaneous Expenditure.

Keeping this in view, entity can disclose the unamortized portion of such expenses as
“Unamortized expenses”, under the head “other current/ non-current assets”,
depending on whether the amount will be amortized in the next 12 months or thereafter.

Sanjay Chauhan

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