# Commission Regulation (EU) 2015/2113 of 23 November 2015 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standards 16 and 41 (Text with EEA relevance) (revoked) EU Regulation 2015/2113 · adopted 23 November 2015 Commission Regulation (EU) 2015/2113 of 23 November 2015 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standards 16 and 41 (Text with EEA relevance) ## Introductory text Commission Regulation (EU) 2015/2113 of 23 November 2015 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standards 16 and 41 (Text with EEA relevance) (revoked) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Amendments to IAS 16 Property, Plant and Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## SCOPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 This Standard does not apply to: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 The following terms are used in this Standard with the meanings specified: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Elements of cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Revaluation model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 A class of property, plant and equipment is a grouping of assets of a similar nature and use in an entity's operations. The following are examples of separate classes: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## EFFECTIVE DATE AND TRANSITION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 81K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 81L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 81M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Amendments to IAS 41 Agriculture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## SCOPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 1 This Standard shall be applied to account for the following when they relate to agricultural activity: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 This Standard does not apply to: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 The table below provides examples of biological assets, agricultural produce, and products that are the result of processing after harvest: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Agriculture-related definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 The following terms are used in this Standard with the meanings specified: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5A The following are not bearer plants: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5C Produce growing on bearer plants is a biological asset. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## General definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 The following terms are used in this Standard with the meanings specified: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## RECOGNITION AND MEASUREMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 Cost may sometimes approximate fair value, particularly when: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## EFFECTIVE DATE AND TRANSITION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## CONSEQUENTIAL AMENDMENTS TO OTHER STANDARDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## IAS 1 Presentation of Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Information to be presented in the statement of financial position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 54 As a minimum, the statement of financial position shall include line items that present the following amounts: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## IAS 17 Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## SCOPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 … . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## IAS 23 Borrowing Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## SCOPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 An entity is not required to apply the Standard to borrowing costs directly attributable to the acquisition, construction or production of: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Depending on the circumstances, any of the following may be qualifying assets: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## IAS 36 Impairment of Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## SCOPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 This Standard shall be applied in accounting for the impairment of all assets, other than: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## IAS 40 Investment Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## SCOPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 This Standard does not apply to: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## CLASSIFICATION OF PROPERTY AS INVESTMENT PROPERTY OR OWNER-OCCUPIED PROPERTY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/eur/2015/2113 (the official version) Page: https://openlegislation.uk/eu-regulation-2015-2113 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.