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An entity reports HALF-YEARLY interim FS for the period ending 30 Sep 20X2 (financial year ends 31 Mar). Identify the correct periods:
ABS at 30 Sep 20X2; no comparative
BBS at 31 Mar 20X2; P&L at year-end only
CBS at 30 Sep 20X2 vs 30 Sep 20X1; P&L for the financial year
DBS at 30 Sep 20X2 vs 31 Mar 20X2; P&L 6 months ending 30 Sep 20X2 vs 30 Sep 20X1; cash flow & SOCE for the same 6-month windows
Answer & Solution
Correct answer: D. BS at 30 Sep 20X2 vs 31 Mar 20X2; P&L 6 months ending 30 Sep 20X2 vs 30 Sep 20X1; cash flow & SOCE for the same 6-month windows
Ind AS 34 paragraph 20: balance sheet is compared against the immediately preceding financial year-end; P&L, cash flow and SOCE are compared against the comparable period of the immediately preceding financial year (year-to-date basis).
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