SL.

N Principles Details about IAS Principles Status of ACI with

O name of IAS IAS
Complie Not
d Complied
31 IAS 28 IAS 28 Investments in Associates outlines the Complied
Investments in accounting for investments in associates. An
Associates associate is an entity over which an investor has
significant influence, being the power to participate
in the financial and operating policy decisions of the
investee (but not control or joint control), and
investments in associates are, with limited
exceptions, required to be accounted for using the
equity method.
32 IAS 29 Financial IAS 29 'Financial Reporting in Hyperinflationary Not complied
Reporting in Economies' requires the financial statements of
Hyperinflationary any entity whose functional currency is the
Economics currency of a hyperinflationary economy to be
restated for changes in the general purchasing
power of that currency so that the financial
information provided is more meaningful.
33 IAS 30 The objective of IAS 30 is to prescribe appropriate Not
Disclosures in the presentation and disclosure standards for banks and Complied
Financial similar financial institutions (hereafter called
Statements of 'banks'), which supplement the requirements of
Banks and other Standards. The intention is to provide users
Similar Financial with appropriate information to assist them in
Institutions evaluating the financial position and performance of
banks, and to enable them to obtain a better
understanding of the special characteristics of the
operations of banks.
34 IAS 31 Interest IAS 31 Interests in Joint Ventures sets out the Complied
in Joint Ventures accounting for an entity's interests in various forms
of joint ventures: jointly controlled operations,
jointly controlled assets, and jointly controlled
entities. The standard permits jointly controlled
entities to be accounted for using either the equity
method or by proportionate consolidation.
35 IAS 32 Financial IAS 32 Financial Instruments: Complied
Instruments Presentation outlines the accounting requirements
Presentation for the presentation of financial instruments,
particularly as to the classification of such
instruments into financial assets, financial liabilities
and equity instruments. The standard also provide
guidance on the classification of related interest,
dividends and gains/losses, and when financial
assets and financial liabilities can be offset.