International Financial Reporting Standards (IFRS)

IFRS for Small and Medium-sized Entities (SMEs)
Section 16: Investment Property

1. Investment property
--> property held by (A) for (B)
--> (A) owner or lessee under finance lease
--> (B) rental income or capital appreciation

2. Can a property held by lessee under operating lease
--> be classified as an investment property?

Yes, only if (C) and (D) are satisfied
--> (C) fair value can be measured
--> (D) property meets the definition of investment property

3. At initial recognition
--> investment property is measured at cost

4. After initial recognition
--> investment property is measured at fair value
--> if fair value can be measured

5. If fair value cannot be measured
--> measure at cost less (E) and (F)
--> (E) accumulated depreciation
--> (F) accumulated impairment losses