Difference between revisions of "Property, plant and equipment"

From ACT Wiki
Jump to: navigation, search
(Add link.)
(Expand definition to incorporate bearer plants. Source: IFRS webpage https://www.ifrs.org/issued-standards/list-of-standards/ias-16-property-plant-and-equipment/)
(One intermediate revision by the same user not shown)
Line 7: Line 7:
 
*Held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and
 
*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.
 
*Expected to be used during more than one financial reporting period.
 +
 +
 +
Property, plant and equipment includes bearer plants related to agricultural activity.
  
  
 
== See also ==
 
== See also ==
 +
* [[Bearer plants]]
 
* [[Capital expenditure]]
 
* [[Capital expenditure]]
 
* [[Capitalisation]]
 
* [[Capitalisation]]
Line 19: Line 23:
 
* [[Impairment]]
 
* [[Impairment]]
 
* [[Non-current]]
 
* [[Non-current]]
 +
* [[Plant]]
 
* [[PPE]]
 
* [[PPE]]
 
* [[Useful economic life]]
 
* [[Useful economic life]]

Revision as of 13:01, 26 March 2020

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