Measurement
bases
Measurement bases used in the valuation of variable
items in terms of IFRS include – but are not limited to – the following:
Market value
Fair value
Historical Cost
Net realisable value
Present value
Recoverable value
Current cost
Carrying value
Residual value
Value in use
Settlement value
Replacement cost
Property
Freehold land
Buildings
Leasehold improvements
Plant
Equipment
Equipment under finance lease
Investment property
Other intangible assets
Capitalised development items
Patents
Trademarks
Licences
Investments in associates
Joint ventures
Available–for–sale investments
Quoted and unquoted shares
Inventories
Raw materials
Work–in–progress
Finished goods
Foreign exchange
Commodities
Precious metals
Nicolaas Smith Copyright
(c) 2005-2012 Nicolaas J Smith. All rights reserved. No reproduction without permission.
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