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Sample Disclosure – Change In Accounting Policy On Property, Plant and Equipment (21 August 2009)

Change In Accounting Policy

On 1 January 2009, the Company changed its accounting policy on the measurement of its freehold land and buildings form cost model to revaluation model. Pursuant to FRS 116: Property, Plant and Equipment, the revaluation has not been dealt with as a prior year adjustment in accordance with FRS 108: Accounting [...]