If a company (for e.g. A ltd) has transactions with other company (say, B Ltd.) during the years 2011-12 and 2012-13.
But in the year 2012-13, the above companies becomes Related parties and the same is not related in the year 2011-12.
So, while showing the AS-18 disclosure in the year 2012-13, the previous year figures is to be shown or to be written as nil as no relation was exist in the year 2011-12.
16 June 2013
You may put * mark on the Company and explained the * marked that Company becomes related party during the current year and hence previous year figure not reported as such company is not related in LY.
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