Investment valuation rules: current investments measured at lower of cost and fair value, long-term investments carried at cost. This Standard requires distinct classification of investments as current or long-term, determines cost to include acquisition charges and fair-value-based cost when securities or assets are exchanged, and states that current investments are carried at the lower of cost and fair value while long-term investments are carried at cost subject to write-down for decline other than temporary; reductions and reversals and gains or losses on disposal are recognised in profit and loss, and specified disclosures about policies, classifications, income, disposals and restrictions must be made.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investment valuation rules: current investments measured at lower of cost and fair value, long-term investments carried at cost.
This Standard requires distinct classification of investments as current or long-term, determines cost to include acquisition charges and fair-value-based cost when securities or assets are exchanged, and states that current investments are carried at the lower of cost and fair value while long-term investments are carried at cost subject to write-down for decline other than temporary; reductions and reversals and gains or losses on disposal are recognised in profit and loss, and specified disclosures about policies, classifications, income, disposals and restrictions must be made.
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