Accounting for Loan and Foreign Exchange Fluctuation Applicability for Metro Rail Projects Under the Ind AS Framework
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- Last Updated on 9 January, 2025
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This document provides an analysis of the accounting treatment for foreign exchange fluctuations in metro rail project loans under the Ind AS 21 framework. It examines Metroline Corporation Ltd.’s funding through an Overseas Development Assistance (ODA) loan denominated in foreign currency but disbursed in INR. The discussion focuses on two scenarios: (1) when the Government pays the loan and interest, and (2) when the company pays in INR to the Government. The document evaluates the applicability of Ind AS 21 based on the liability’s denomination, referencing project-specific MoUs and enabling the user to understand the complete context and rationale behind the accounting decisions.
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