Section 12 (Property, Plant, and Equipment)

Full PFRS PFRS SMEs PFRS SE

(I) The financial statements (I) Same as the Full PFRs. (I) Same as the Full PFRs
shall disclose, for each class and PFRS for SMEs.
of property, plant and Except that PFRS for SMEs
equipment: shall disclose the “transfers to Except that PFRS SE does
(a) the measurement bases and from investment property not need to disclose the
used to calculate the gross carried at fair value through following:
carrying capacity profit or loss” (which the Full
PFRS and PFRS SE don’t (i) Measurement bases used
amount;
need or have to.) for determining the gross
(b) the methods of
carrying amount. (from Full
depreciation employed or PFRS and PFRS for SMEs)
used;
c) the useful lives or (ii) increases or decreases
depreciation rates used; resulting from revaluations
(d) the gross carrying amount under paragraphs 17.15B–
and depreciation accumulated 17.15D and from impairment
(aggregated with accumulated losses recognised or
impairment losses) at the start reversed in other
and end of the reporting comprehensive income in
period; and accordance with Section 27
or Impairment of Assets
(e) a reconciliation of the
(from Full PFRS and PFRS
carrying amount at the for SMEs)
beginning and end of
the period showing: (iii) transfers to and from
(i) additions; investment property carried at
(ii) assets classified as fair value through profit or
held for sale or included in an loss (from PFRS for SMEs)
IFRS 5 disposal group
classified as held for sale, as
well as other disposals
(iii) acquisitions through
business combinations;
(iv) increases or
decreases due to revaluations
under paragraphs 31, 39 and
40 as well as impairment
losses recognised or reversed
in other comprehensive
income in accordance with
IAS 36;
(v) impairment losses
recognized in profit or loss
under IAS 36;
(vi) reversal of
impairment losses in profit or
loss in accordance with IAS
36;
(vii) depreciation;
(viii) the net exchange
differences resulting from the
translation of the financial
statements converted from
functional currency to a
various presentation
currencies, including
translation of a foreign
transaction into the
presentation currency of the
reporting entity (which the
PFRS SMEs and PFRS SE
don’t need or have to.); and
(ix) Other modifications
or changes.

(II) In addition, the financial (II) Same as the Full PFRs. (II) While in PFRS SE, it
statements must also disclose only considers to disclose the
the following: Except that if an entity owns existence and carrying
(a) the existence and carrying investment property whose amounts of property, plant,
amounts of property, plant, fair market value cannot be and equipment over which the
and equipment over which the determined or measured entity has restricted title or is
entity has restricted title or is reliably without undue cost or pledged as security for
pledged as security for effort, it shall disclose that liabilities.
liabilities; fact as well as the reasons
(b) the amount of why fair value measurement PFRS SE does not need to
expenditures recognised in would involve undue cost or disclose the following:
the carrying amount of effort for those items of
an item of property, plant and investment property. (which (i) the amount of expenditures
equipment in the course of its the Full PFRS and PFRS SE recognised in the carrying
construction (which the don’t need or have to.) amount of an item of
PFRS SMEs and PFRS SE property, plant and equipment
don’t need or have to.); and in the course of its
(c) the amount of contractual construction; (From Full
commitments for the PFRS) and
acquisition of property, plant (ii) the amount of contractual
and equipment. commitments for the
acquisition of property, plant
and equipment. (from Full
PFRS and PFRS for SMEs)
(iii) if an entity owns
investment property whose
fair market value cannot be
determined or measured
reliably without undue cost or
effort, it shall disclose that
fact as well as the reasons
why fair value measurement
would involve undue cost or
effort for those items of
investment property. (From
PFRS for SMEs)

(III) If not presented

separately in the statement of
comprehensive income, the
financial statements shall also
disclose:
(a) the amount of
compensation from third
parties for items of property,
plant and equipment that were
impaired, lost or given up that
is included in profit or loss;
and
(b) the amounts of proceeds
and cost included in profit or
loss in accordance with
paragraph 20A that relate to
items produced that are not an
output of the entity’s ordinary
activities, and which line
item(s) in the statement of
comprehensive income
include(s) such proceeds and
cost.

(IV) If items of property, plant (IV) Same as the Full PFRS. (IV) Same as the PFRS for
and equipment are stated at SMEs.
revalued amounts, the Except that PFRS for SMEs has
following shall be disclosed an additional disclosure which Except that PFRS for SE does
in addition to the disclosures states that the methods and not require to disclose “the
required by IFRS 13 Fair significant assumptions applied effective date of the revaluation”
Value Measurement: in estimating the items’ fair
(i) the effective date of the values. (Same as the PFRS for And it has an additional
SE) disclosures about a
revaluation;
reconciliation between the
(ii) whether an independent carrying amounts of property,
valuer was involved; plant and equipment at the
(iii) for each revalued class of beginning and end of the period,
property, plant and showing separately:
equipment, the carrying i) additions, disclosing
amount that would have been separately those additions
recognised had the assets resulting from acquisitions
been carried under the cost through business combinations;
model; and ii) net gains or losses from fair
(iv) the revaluation surplus, value adjustments;
iii) transfers to cost model when
indicating the change for the
a reliable measure of fair value
period and any restrictions on is no longer available without
the distribution of the balance undue cost or effort (see
to shareholders. paragraph 230);
iv) transfers to and from
inventories and investment
property.
v) other changes.

This reconciliation does not

need to be presented for prior
periods.