IAS 41 — Items not added to the agenda

Background

This page presents a summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 41 Agriculture together with the Committee's public explanation of the reasons for not adding those items to its agenda.

Related Discussions

  • IAS 41 & IFRS 13 —Valuation of biological assets using a residual method

  • Mar 13, 2013

  • The Interpretations Committee received a request seeking clarification on paragraph 25 of IAS 41 'Agriculture', in particular using the fair value of land in applying the residual method might result in a minimal or nil fair value for the biological assets when the highest and best use of the land is different from its current use.

  • IAS 41 — Discount rate assumptions used in fair value calculations

  • May 07, 2009

  • The IFRIC received a request for guidance on how an entity should determine an appropriate discount rate when the fair value of biological assets is estimated as the present value of expected net cash flows. The request noted that IAS 41 provides only limited guidance in these circumstances.

All Related