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Under Ind AS 27, 'separate financial statements' are those presented by a parent (or an investor with associate/JV) in which investments are accounted for at:
AEquity method only
BCost OR in accordance with Ind AS 109
CProportionate consolidation
DFull consolidation
Answer & Solution
Correct answer: B. Cost OR in accordance with Ind AS 109
Ind AS 27 paragraph 10: separate FS account for investments in subsidiaries, associates and joint ventures at COST or in accordance with Ind AS 109 (FVTPL or FVOCI election where applicable). Equity method is NOT a Separate FS option under Ind AS — that is an explicit Indian carve-out from IAS 27.
Related questions
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