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Editorial Board on Accounts and Audit
  • Investment in Subsidiaries

    by Kamal on Tuesday, March 05, 2019 at 11:26 AM

    How to test and provide for impairment of investments made in unlisted subsidiary

    Replied byEditorial Board Tuesday, March 19, 2019 at 07:15 PM

    Impairment testing is performed only when there is indicator of impairment.

    A. Investment carried as per Ind AS 109
    Impairment methods as mentioned in Ind AS 109 are applied.

    B. Investment carried at cost
    Impairment shall be done as per Ind AS 36.

    Once an impairment indication exist, investment in subsidiary is tested as a whole and impairment loss is recognised. Different approach can be adopted if subsidiary assets form part of larger CGU from group perspective.

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