Property, plant and equipment

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

• Bearer plant
• Capital expenditure
• Capitalisation
• Capitalise
• Current assets
• Fixed assets
• FRS 102
• IAS 16
• Impairment
• Non-current
• Plant
• PPE
• Useful economic life