Commission Regulation (EU) 2015/2113Show full title
Commission Regulation (EU) 2015/2113 of 23 November 2015 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standards 16 and 41 (Text with EEA relevance)
Introductory Text
Article 1.The Annex to Regulation (EC) No 1126/2008, is amended as...
Article 2.Each company shall apply the amendments referred to in Article...
Article 3.This Regulation shall enter into force on the third day...
Signature
ANNEX
Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41)
Amendments to IAS 16 Property, Plant and Equipment
SCOPE
3. This Standard does not apply to:
DEFINITIONS
6. The following terms are used in this Standard with the...
Elements of cost
22A Bearer plants are accounted for in the same way as...
Revaluation model
37. A class of property, plant and equipment is a grouping...
EFFECTIVE DATE AND TRANSITION
81K Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41),...
81L In the reporting period when Agriculture: Bearer Plants (Amendments to...
81M An entity may elect to measure an item of bearer...
Amendments to IAS 41 Agriculture
SCOPE
1. This Standard shall be applied to account for the following...
2. This Standard does not apply to:
3. This Standard is applied to agricultural produce, which is the...
4. The table below provides examples of biological assets, agricultural produce,...
DEFINITIONS
Agriculture-related definitions
5. The following terms are used in this Standard with the...
5A The following are not bearer plants:
5B When bearer plants are no longer used to bear produce...
5C Produce growing on bearer plants is a biological asset.
General definitions
8. The following terms are used in this Standard with the...
RECOGNITION AND MEASUREMENT
24. Cost may sometimes approximate fair value, particularly when:
General
44. Consumable biological assets are those that are to be harvested...
EFFECTIVE DATE AND TRANSITION
62. Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41),...
63. In the reporting period when Agriculture: Bearer Plants (Amendments to...
CONSEQUENTIAL AMENDMENTS TO OTHER STANDARDS
IAS 1 Presentation of Financial Statements
Information to be presented in the statement of financial position...
54. As a minimum, the statement of financial position shall include...
IAS 17 Leases
SCOPE
2. …
IAS 23 Borrowing Costs
SCOPE
4. An entity is not required to apply the Standard to...
DEFINITIONS
7. Depending on the circumstances, any of the following may be...
IAS 36 Impairment of Assets
SCOPE
2. This Standard shall be applied in accounting for the impairment...
IAS 40 Investment Property
SCOPE
4. This Standard does not apply to:
CLASSIFICATION OF PROPERTY AS INVESTMENT PROPERTY OR OWNER-OCCUPIED PROPERTY
7. Investment property is held to earn rentals or for capital...