Treatment as per INDAS

What is the treatment as per INDAS for a state govt company for following :

1) Treatment of Unlisted , unquoted , non-trading equity shares ?  Currently treated at cost under financial assets . Is it correct ?

2) Classification of Reorganisation account balance created due to de-merger ?

 

 

Replies (2)
Investment in Equity Shares is Financial Asset. Investment in Equity can be Classified Either at FVTPL or FVTOCI (iF long Term FvTOcI) initially it can be recorded at Cost. at each balance sheet date You have revalue it at Fair value.

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