| 17.1 | This section applies to: |
| (a) | property, plant and equipment; and |
| (b) | investment property rented to another group entity when the reporting entity chooses to use the cost model in this section as permitted by paragraph 16.4A. [AMD 390] |
| 17.2 | [Deleted] [AMD 391] |
| 17.3 | This section does not apply to: [AMD 392] |
| (a) | biological assets related to agricultural activity (see Section 34 Specialised Activities) or heritage assets (see Section 34); or |
| (b) | mineral rights and mineral reserves, such as oil, natural gas and similar non-regenerative resources (see Section 34). |
| AMD 390 Amendment Paragraph 17.1 amended by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017) Effective date 01/01/2019 Previous text 17.1 This section applies to the accounting for property, plant and equipment and to investment property whose fair value cannot be measured reliably without undue cost or effort. Section 16 Investment Property applies to investment property whose fair value can be measured reliably without undue cost or effort. |
| AMD 391 Amendment Paragraph 17.2 deleted by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017) Effective date 01/01/2019 Previous text 17.2 Property, plant and equipment are tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period; |
| AMD 392 Amendment Paragraph 17.3 amended by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017) Effective date 01/01/2019 Previous text 17.3 Property, plant and equipment does not include: |
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