Investment Properties Investment properties are held for long term rental yields or for capital appreciation or both, and are not occupied by companies within the Group. Investment properties are measured initially at cost. After initial recognition, investmen...
Property construction-in-progress Property construction-in-progress is stated at cost and not depreciated. The property would be transferred to property, plant and equipment or investment property (depending on the intended purpose and use of the property) upo...
Capital work-in-progress Capital work-in-progress is stated at cost and not depreciated. Depreciation on capital work-in-progress commences when the assets are ready for their intended use. Note: This is usually disclosed as an asset category of property, plan...
Click Here For Sample In Excel Template Warning: You may use this template and modify for your own use and distribute it without modification but please do not sell it to others without my consent. This is a complete sample Reports and Financial Statements of ...
Land Held for Property Development and Property Development Costs Land and development expenditure are classified as property development costs under current assets when significant development work has been undertaken and is expected to be completed within...
Construction Contracts Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date, measured as the physical proportion that...