Ind As 114 Regulatory Deferral Accounts Objectives Scope
An entity is permitted to apply the requirements of this Standard in its first Ind AS financial statements, if and only if, it: conducts rate-regulated activities; andrecognised amounts that qualify as regulatory deferral account balances in its financial statements in accordance with its previous GAAP. Ind AS 114 An entity shall apply the requirements of the Standard in its financial statements for subsequent periods, if and only if, in its first Ind AS financial statements, it recognised regulatory deferral account balances by electing to apply the requirements of this Standard....