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)

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)

http://www.legislation.gov.uk/eur/2015/2113Commission 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)Commission Regulation (EU) 2015/2113Commission 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)2023-05-05King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32015R2113texttext/xmlen2020-12-31

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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Article 1

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Article 2

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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

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 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

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81L

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81M

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 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.

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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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5AThe following are not bearer plants:

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5B

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5CProduce 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.

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EFFECTIVE DATE AND TRANSITION

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62.

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63.

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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.

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