10-01-2004, 09:24 PM
Salam!
yeah IAS 40, from its effective date is applicable to other companies . It is only for banks and financial institutions that the implementation of IAS 39 & IAS 40 has been deferred. SBP prudential regulations contain no express guidance on this matter. It provides guidance on calculating the value of collateral held against loans (for deduction against Provision). Surprisingly, i haven't come across any circular of SBP addressing this issue.
Idrees
yeah IAS 40, from its effective date is applicable to other companies . It is only for banks and financial institutions that the implementation of IAS 39 & IAS 40 has been deferred. SBP prudential regulations contain no express guidance on this matter. It provides guidance on calculating the value of collateral held against loans (for deduction against Provision). Surprisingly, i haven't come across any circular of SBP addressing this issue.
Idrees