AASB 2011-8 - Amendments to Australian Accounting Standards arising from AASB 13 - September 2011
98Paragraphs 25 and 30 are amended as follows (new text is underlined and deleted text is struck through):
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98 Paragraphs 25 and 30 are amended as follows (new text is underlined and deleted text is struck through):
25 … An entity may use information regarding the combined assets to determine measure the fair value for of the biological assets. …
30 There is a presumption that fair value can be measured reliably for a biological asset. However, that presumption can be rebutted only on initial recognition for a biological asset for which quoted market-determined prices or values are not available and for which alternative estimates of fair value measurements are determined to be clearly unreliable. …