STATUTORY BOARD FINANCIAL REPORTING …

STATUTORY BOARD SB-FRS 16 FINANCIAL REPORTING STANDARD Property, Plant and Equipment This version of SB-FRS 16 does not include amendments that are effective for annual periods beginning after 1 January 2014. SB-FRS 16 CONTENTS INTRODUCTION OBJECTIVE SCOPE DEFINITIONS RECOGNITION Initial costs Subsequent costs MEASUREMENT AT RECOGNITION Elements of cost Measurement of cost MEASUREMENT AFTER RECOGNITION Cost model Revaluation model Depreciation Depreciable amount and depreciation period Depreciation method Impairment Compensation for impairment DERECOGNITION DISCLOSURE TRANSITIONAL PROVISIONS EFFECTIVE DATE Paragraphs IN1 1 2 6 7 1

SB-FRS 16 Statutory Board Financial Reporting Standard 16 Property, Plant and Equipment Objective 1 The objective of this Standard is to prescribe the accounting treatment for property, plant and

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