Revised schedule vi

A.Sunil kumar (Finance executive) (53 Points)

04 October 2012  

 

I need additional information wrt to Investments classification as current and non-current.
Schedule VI says current maturities of long term investments should be classified under current investments. In that case how the valuation will be done wrt those investments i.e. current maturities of long term investments, as long term investments or as current investments? If we are valuing as long term investments only, then presenting under current will not be misleading? 
 
And as per AS-13 current investments are defied and its valuation as well. If we are presenting some part of long term investments in current investments because of schedule VI requirement, is it not contradicting with the definition of "current investment"? ( Similar to cash & cash equivalents definition)
 
Thank you for sharing your time and efforts.