Property Plant and Equipment Proceeds before Intended Use

Amends NZ IAS 16 to prohibit a reporting entity from deducting from the cost of property, plant and equipment amounts received from selling items produced while the entity is preparing the asset for its intended use.

• Property Plant and Equipment Proceeds before Intended Use – This version is effective for reporting periods beginning on or after 1 Jan 2022 (early adoption permitted)

  Date of issue: Jun 2020

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