Professional Documents
Culture Documents
If FV cannot be
measured: Cost less AD
less AIL (IAS 2, 16, 36)
Agriculture Produce IAS 41 FV less Cost to Sell Lower of Cost or NRV Gains/Losses Part of the line
(at the point of (IAS 2- after point of item Biological
harvest) harvest) Assets
UNCONDITIONAL IAS 41 FV less Cost to Sell FV less Cost to Sell If it becomes receivable -
Government Grant
CONDITIONAL IAS 41 FV less Cost to Sell FV less Cost to Sell If conditions are met -
Government Grant
Using straight-line method
But a portion of the
grant is retained
according to the time
has elapsed
PPE IAS 16 Cost Cost Model / w/ related expense from Property, Plant and
Revaluation Model incidental operations, or Equipment
(deferred: cash price compensation for impairment (non-current)
equivalent) becomes receivable
Mineral Resources IFRS 6 Cost Cost Model / excess Wasting Assets
(exploration and Revaluation Model (non-current)
evaluation)
Government Grants IAS 20 *Hierarchy applies matching concept, or Deferred Income
compensation for expenses or (Liability)
losses become receivable
Or deducting the
grant in arriving
the CA of asset
Borrowing Costs IAS 23 Cost - ** Provided by other
standards applied
Investment Property IAS 40 Cost Cost Model / Fair Value IP @ FV with changes in FV Investment
Model Property
Decrease in CA (but to the (non-current)
extent an amount is included in
revaluation surplus, the
decrease is recognized in OCI
and reduces RS) / Increase in CA
(to the extent of precious
impairment loss)
Non-Current Assets:
Property, Plant and Equipment
Intangible Assets
Wasting Assets
Goodwill
Investment Properties
Biological Assets
Investments
Receivables (non-current portion)
Other Non-Current Assets
TOTAL NON-CURRENT ASSETS
TOTAL ASSETS
NOTES TO THE FINANCIAL STATEMENTS:
Note 1. Cash and Cash Equivalents
The breakdown of the ____ is as follows (with amount)
NOTE!!!