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) (revoked)

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Regulation revoked (31.12.2020) by The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/685), reg. 1(2), Sch. 2 para. 46 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)

Article 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Article 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Article 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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ANNEX

Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41)
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Amendments to IAS 16 Property, Plant and Equipment
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SCOPE
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3. This Standard does not apply to:
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DEFINITIONS
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6. The following terms are used in this Standard with the meanings specified:
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Elements of cost
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(22A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Revaluation model
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37. A class of property, plant and equipment is a grouping of assets of a similar nature and use in an entity's operations. The following are examples of separate classes:
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EFFECTIVE DATE AND TRANSITION
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(81K) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(81L) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(81M) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amendments to IAS 41 Agriculture
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SCOPE
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1. This Standard shall be applied to account for the following when they relate to agricultural activity:
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2. This Standard does not apply to:
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3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. The table below provides examples of biological assets, agricultural produce, and products that are the result of processing after harvest:
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DEFINITIONS
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Agriculture-related definitions
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5. The following terms are used in this Standard with the meanings specified:
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(5A) The following are not bearer plants:
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(5B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5C) Produce growing on bearer plants is a biological asset.
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General definitions
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8. The following terms are used in this Standard with the meanings specified:
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RECOGNITION AND MEASUREMENT
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24. Cost may sometimes approximate fair value, particularly when:
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General
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44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

EFFECTIVE DATE AND TRANSITION
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62. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
63. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CONSEQUENTIAL AMENDMENTS TO OTHER STANDARDS
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IAS 1 Presentation of Financial Statements
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Information to be presented in the statement of financial position
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54. As a minimum, the statement of financial position shall include line items that present the following amounts:
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IAS 17 Leases
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SCOPE
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2. …
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IAS 23 Borrowing Costs
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SCOPE
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4. An entity is not required to apply the Standard to borrowing costs directly attributable to the acquisition, construction or production of:
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DEFINITIONS
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7. Depending on the circumstances, any of the following may be qualifying assets:
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IAS 36 Impairment of Assets
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SCOPE
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2. This Standard shall be applied in accounting for the impairment of all assets, other than:
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IAS 40 Investment Property
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SCOPE
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4. This Standard does not apply to:
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CLASSIFICATION OF PROPERTY AS INVESTMENT PROPERTY OR OWNER-OCCUPIED PROPERTY
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7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .