CTHRepealedLegislation
AASB 116 - Property, Plant and Equipment - July 2004
AASB 116 and IAS 16AASB 116 and IAS 16
Start here
Get a plain-English read of AASB 116 and IAS 16
Turn the raw legal text into a practical explanation grounded in AASB 116 - Property, Plant and Equipment - July 2004.
AASB 116 and IAS 16
AASB 116 Property, Plant and Equipment as amended incorporates IAS 16 Property, Plant and Equipment as issued and amended by the International Accounting Standards Board (IASB). Paragraphs that have been added to this Standard (and do not appear in the text of IAS 16) are identified with the prefix “Aus” or “RDR”, followed by the number of the preceding IASB paragraph and decimal numbering. Paragraphs that apply only to not-for-profit entities begin by identifying their limited applicability.