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Chapter 10

Disclosure

IAS 16 Property, Plant and Equipment, requires the following disclosure
requirements:

For each class of property, plant and equipment

 measurement bases, i.e. cost or valuation

 depreciation methods with useful life or depreciation rate

 gross carrying amount and accumulated depreciation at the beginning and end
of the period

 reconciliation of additions, disposals, revaluations, impairments and

 depreciation

 when assets have been revalued:

– basis of valuation

– date of valuation

– whether an independent valuer was used

– carrying amount if no revaluation had taken place

– revaluation surplus

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