Gross Value of RPT - HOW TO FIND

[sachin sathyavrathan]

Hi,

I would like to know how to calculate the Gross Value of Related Party Transactions under AS-18 for XBRL filing.

Should the gross value be the total of all related party transactions reported by the auditor under AS-18 (including both inflows and outflows during the year), or should it be the total of the outstanding balances as on the reporting date?

Kindly advise the correct method for calculating the same.

Thank you in advance.

CS Sachin Sathyavrathan, 

Practising Company Secretary

Membership No: A42942

Mob: 9567294412

[Rakshith]

Here's the practical answer:

**Gross Value = transaction value during the year, not the closing balance.**

Two separate things get reported under AS-18, and XBRL keeps them separate too:

1. **Gross Value of Transactions** → the actual transaction amounts that happened during the year (sales, purchases, remuneration, rent, loans given/taken, etc.) — each type reported at its full value, not netted against each other.

2. **Outstanding Balance** → what's still receivable/payable to that related party *as on the balance sheet date* — this is a separate closing-balance figure, tagged separately.

**So when you're tagging in XBRL:**

- Take the transaction figures straight from the auditor's AS-18 note in the financial statements — that's your gross value input, per related party, per nature of transaction.

- Take the year-end receivable/payable figures and tag them under the outstanding-balance elements.

- Don't mix the two, and don't net one related party's inflows against outflows.

Simple rule to remember: **transactions = flow (during the year), balances = stock (as on date).** Gross value only ever refers to the flow.

--
--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
---
You received this message because you are subscribed to the Google Groups "CSMysore" group.
To unsubscribe from this group and stop receiving emails from it, send an email to csmysore+u...@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/csmysore/CAC-Nd7qQOVDoELFnurqjifQah-PVORdrVzv-bMxii63-5uU%2BmA%40mail.gmail.com.