Assets 1 ASSETS (continued) TYPE DEFINITION MEASUREMENT I/S Property, Plant & Equipment Tangible, held for use in production etc, more than one period Cost or Revaluation Dep Dep Investment Property Held to earn rentals and/or capital appreciation, not owner occupied Cost or Fair Value Dep No Dep Intangible s Identifiable non- monetary asset without physical substance Cost or Revaluation (unlikely) Amort Amort No amort (annual impairment) if indefinite life -2005
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Assets 1
ASSETS (continued)
TYPE DEFINITION MEASUREMENT I/S
Property, Plant & Equipment
Tangible, held for use in production etc, more than one period
Cost
or Revaluation
Dep
Dep
Investment Property
Held to earn rentals and/or capital appreciation, not owner occupied
Cost
or Fair Value
Dep
No Dep
Intangibles Identifiable non-monetary asset without physical substance
Cost
or Revaluation (unlikely)
Amort
Amort
No amort (annual impairment) if indefinite life -2005
Goodwill Cost – Net asset value on acquisition
Cost No amort (2005)
Annual impairment
Assets 2
ASSETSTYPE DEFINITION MEASUREMENT I/S
Inventory Held for sale, in process of production, materials or supplies
Lower of cost or net realisable value
FIFO, LIFO, weighted average
Cost of Sales
Non-current assets held for sale
Non-current asset or disposal group to be recovered through sale
Lower or carrying value or fair value less costs to sell
No dep
Financial Instruments
Includes cash, receivables, payables, shares, derivatives
Cost or
Fair value (all shares and derivatives)
Fair value adjustmentson derivatives & some shares
Assets 2 3
INTANGIBLESALWAYS EXPENSE:- Research costs- Pre-opening costs (unless PPE)- Establishment costs- Training costs- Advertising- Relocation/restructuring- Internally generated: