Greeting of the day! I am Amit Agrawal, working in a Joint venture company of state govt and two PSE. The company is shifting to IndAS from existing IGAAP because of it is a JVC of a PSE on which IndAS is applicable in first phase. My question is, for implementation of IndAS w.e.f 01.04.2015, how to determine effective rate for discounting of financial assets and financial liabilities. As of now the JVC is neither having borrowings nor any subordinate debts or loan at concessional rate of interest. We need your valuable suggestions to resolve the same.
CAclubindia
