Disclosures Related to PPE and Intangible Assets

Disclosures under IFRS

Disclosures for PPE

• Measurement basis
• Depreciation method
• Estimated useful lives or equivalent depreciation rate
• Gross carrying amount and accumulated depreciation
• Reconciliation of carrying amounts at beginning and end

The following additional disclosures are required:

• Restriction on title and pledges as collateral of property
• Equipment and contractual agreements to acquire PPE

If revaluation model is used, the firm is required to disclose:

• Date of revaluation
• How fair value was determined
• Carrying amount under cost method
• Revaluation surplus

Disclosures for Intangible Assets

• Whether indefinite or finite
• If finite life:
  • Useful life of each intangible asset
  • Amortization method used
  • Gross carrying amount and accumulated amortization
  • Reconciliation of carrying amounts at beginning and end
• If indefinite asset:
  • Disclose carrying amount of asset and why it is considered indefinite
• Restriction on title and pledges as collateral of intangible assets
• Equipment and contractual agreements to acquire intangible assets

Disclosures for Impaired Assets

• For each asset class, the amount of impairment losses
• Reversal of impairment losses recognized in the period
• Where impairment losses and loss reversals are recognized in the income statement
• Main events and circumstances leading to recognition of impairment losses

Disclosures under US