Page 11 - 28. COMPILER QB - IND AS 8

Ind AS 1 requires an entity to present a third balance sheet as at the beginning of the preceding period in
addition to the minimum comparative financial statements if, inter alia, it makes a retrospective restatement
of items in its financial statements and the restatement has a material effect on the information in the

balance sheet at the beginning of the preceding period.
In the given case, the retrospective restatement of relevant items in the statement of profit and loss has no
effect on the information in the balance sheet at the beginning of the preceding period (1st April 20X0).
Therefore, the entity is not required to present a third balance sheet.

28. 10