How should the company classify the fccbs on march

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Question 1: Astha limited has FCCBs worth ? 100 crore which are due to mature on 31st December 2013. While preparing the financial statements for the year ended 31st March 2013, it is expected that the FCCB holders will not exercise the option of converting the same to equity shares. How should the company classify the FCCBs on 31st March 2013? Will your answer be different if the company expects that FCCBs holders will convert their holdings into equity shares of Astha limited?

Reference no: EM132506545

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