Property, plant and equipment

Financial reporting - balance sheet - assets.

(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.

See also

• Balance sheet
• Capital expenditure
• Capitalisation
• Capitalise
• Current assets
• Depreciation
• Financial reporting
• Fixed assets
• FRS 102
• IAS 16 (Tangible assets - Property, plant and equipment)
• IAS 38 (Intangible assets)
• Impairment
• Intangible assets
• International Financial Reporting Standards (IFRS)
• Non-current
• Plant
• PPE
• Tangible asset
• Useful economic life