Key Amendments In Ind AS

Standard

Overview of the amendments

Ind AS 107, F i n a n c i a l I n s tr u m e n t s : Disclosures

Additional disclosures included relating to interest rate benchmark reform. Some of the important disclosures would include information about:

• Nature and extent of risks to which the entity is exposed arising from financial instruments subject to interest rate benchmark reform and how the entity manages these risks and
• Entity's progress in completing the transition to alternative benchmark rates and how the entity is managing the transition.

Effective date: An entity should apply the amendments when it applies amendments to Ind AS 109, Ind AS 104 or Ind AS 116.