Ind AS Schedule III Checklist | Disclosure Requirement for Investment under the Financial Statement

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Ind AS Schedule III provides guidelines for the presentation and disclosure of financial statements of companies in India. In accordance with Ind AS Schedule III, companies are required to provide detailed information regarding their investment in their financial statements. This information is crucial for investors and other stakeholders to assess the company’s financial performance and sustainability. Therefore, it is essential for companies to ensure compliance with the disclosure requirements related to Investment. In this regard, a checklist can be an effective tool to ensure that all the necessary information is provided in the financial statements. We have prepared a presentation and disclosure checklist covering the amendments made in Schedule III and providing general instruction for the proper presentation of Investment in the Financial Statements.

I. Whether the company has classified the Investment as Investments in Equity Instruments; Investments in Preference Shares; Investments in Government or trust securities; Investments in debentures or bonds; Investments in Mutual Funds; Investments in partnership firms; or other investments (specify nature).

II. Whether the company has disclosed the names of the firms, their partners, total capital and the shares of each partner, in case of investment in a partnership firm.

III. Whether the company has disclosed investments in equity instruments that have been designated to be measured at Fair Value through Other Comprehensive Income (FVOCI) including the fair value of each such investment at the end of the reporting period, as required by Para 11A of Ind AS 107.

IV. Whether the company has made the disclosure of the aggregate amount of quoted investments and the market value thereof and the aggregate amount of unquoted investments.

V. Whether the company has recognized a loss allowance (i.e. impairment) for expected credit losses on investments measured at amortized cost as per Ind AS 109, Financial Instruments.

VI. Whether the company is required to disclose that it is a partner in partnership

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