Property, plant and equipment

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Revision as of 13:01, 26 March 2020 by imported>Doug Williamson (Expand definition to incorporate bearer plants. Source: IFRS webpage https://www.ifrs.org/issued-standards/list-of-standards/ias-16-property-plant-and-equipment/)
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Financial reporting - IAS 16.

(PPE).

IAS 16 defines property, plant and equipment as:

  • Tangible items
  • Held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and
  • Expected to be used during more than one financial reporting period.


Property, plant and equipment includes bearer plants related to agricultural activity.


See also

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