Septiembre 2011
- Bu səhifədəki naviqasiya:
- Property, plant and equipment
- Subsequent measurement
- Impairment losses
- Exchange transactions
- Non-monetary capital contributions
- Particular rules
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Assets |
Liabilities |
Provisions |
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Acquisition or |
Value of the |
Present value of the |
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production cost |
consideration received, plus the related accrued interest payable |
best estimate of the amount required to settle the obligation |
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|
|
|
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Items at fair value |
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Financial assets and |
Available-for-sale |
Financial assets and |
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liabilities that form part of a trading portfolio |
financial assets |
liabilities that are derivative financial instruments |
Initial recognition of assets and liabilities that arise from a business combination
Property, plant and equipment
Recognition
Acquisition or production cost, which includes:
Non-recoverable indirect taxes.
The initial estimate of the present value of dismantling or removal obligations, provided that these obligations give rise to the recognition of provisions.
Such borrowing costs as might have been incurred before the property, plant and equipment are ready for their intended use (provided that this period exceeds one year) and which are directly attributable to the acquisition, manufacture or construction thereof.
Subsequent measurement
Acquisition or production cost less any accumulated depreciation and any recognised impairment losses.
Depreciation is taken on the basis of the useful life of the assets and of their residual value, based on the decline in value usually caused by their use and by wear and tear, as well as the technical and commercial obsolescence that may affect them. If there are parts of an item with a cost that is significant in relation to the total cost of the item and which have different useful lives, they must be depreciated separately from the rest of the item.
Impairment losses
An impairment loss is the amount by which the carrying amount of an asset exceeds its recoverable amount.
Recoverable amount is the higher of an asset’s fair value less costs to sell and its value in use.
The concept of cash-generating unit is introduced as the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
An entity shall assess at least at each reporting date whether there is any indication that an item of property, plant and equipment or a cash-generating unit is impaired.
Impairment must be calculated for each item separately and if it were not possible to calculate the recoverable amount for each individual item, the recoverable amount of the cash-generating unit to which each item of property, plant and equipment belongs must be calculated.
Impairment losses recognised and reversed are charged and credited, respectively, to the income statement.
Exchange transactions
If the exchange transaction has commercial substance, the property, plant and equipment received is measured at the fair value of the asset given up (unless there is clearer evidence of the fair value of the asset received and up to the limit thereof). The valuation differences are recognised in the income statement.
An exchange transaction has commercial substance if:
The configuration (risk, timing and amount) of the cash flows of the asset received differs from the configuration of the cash flows of the asset transferred; or
The present value of the post-tax cash flows from the entity’s operations affected by the transaction changes as a result of the exchange.
In addition, any difference arising as a result of the foregoing must be significant relative to the fair value of the assets exchanged.
If the exchange lacks commercial substance, the property, plant and equipment received is measured at the carrying amount of the asset given up, up to the limit of the fair value of the asset received if this is lower.
Non-monetary capital contributions
The receiver measures the items of property, plant and equipment received at fair value at the time of the contribution.
The contributor of these assets shall apply the contents of the standard on financial instruments.
There are specific rules for the non-monetary contributions of a business between group companies.
Particular rules
The SNCA includes specific rules on property, plant and equipment which affect:
Building lots.
Buildings.
Plant, machinery and tools.
Utensils and tools.
In-house work on non-current assets.
Major repairs.
Material investments in operating leases.
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