What are treasury shares and how are these presented
What are treasury shares and how are these presented in the financial statements?
If an entity acquires its own equity instruments, these instruments are known as ‘treasury shares’ and are deducted from equity. No gain or loss shall be recognised in profit or loss on the purchase, sale, issue or cancellation of an entity’s own equity instruments. Such treasury shares may be acquired and held by the entity or by other members of the consolidated group. Consideration paid or received shall be recognised directly in equity. The amount of treasury shares held is disclosed separately either in the balance sheet or in the notes, in accordance with Ind AS 1 ‘Presentation of Financial Statements’.
