PROPERTY, PLANT AND EQUIPMENT DISCLOSURE

PFRS for Small and Medium Enterprises (SME’s)

(I) The financial statements shall disclose, for each class of property, plant and equipment:
(a) the measurement bases used to calculate the gross carrying capacity amount;
(b) the methods of depreciation employed or used;
(c) the useful lives or depreciation rates used;
(d) the gross carrying amount and depreciation accumulated (aggregated with accumulated
impairment losses) at the start and end of the reporting period; and
(e) a reconciliation of the carrying amount at the beginning and end of
the period showing:
(i) additions;
(ii) assets classified as held for sale or included in an IFRS 5 disposal group classified as
held for sale, as well as other disposals
(iii) acquisitions through business combinations;
(iv) increases or decreases due to revaluations under paragraphs 31, 39 and 40 as well as
impairment losses recognised or reversed in other comprehensive income in
accordance with IAS 36;
(v) impairment losses recognized in profit or loss under IAS 36;
(vi) reversal of impairment losses in profit or loss in accordance with IAS 36;
(vii) depreciation;
(viii) the net exchange differences resulting from the translation of the financial statements
converted from functional currency to a
various presentation currencies, including translation of a foreign transaction into the
presentation currency of the reporting entity (which the PFRS SMEs and PFRS SE
don’t need or have to.); and
(ix) Other modifications or changes.
*Same as the Full PFRS except that PFRS for SMEs shall disclose the “transfers to and from
investment property carried at fair value through profit or loss” (which the Full PFRS and PFRS SE don’t
need or have to.)

(II) The difference between Full PFRS and PFRS for SME’s is that if an entity owns investment
property whose fair market value cannot be determined or measured reliably without undue cost
or effort, it shall disclose that fact as well as the reasons why fair value measurement would
involve undue cost or effort for those items of investment property. (Which the Full PFRS and
PFRS SE don’t need or have to.)

(III) In addition, PFRS for SMEs has an additional disclosure which states that the methods and
significant assumptions applied in estimating the items’ fair values. (Same as the PFRS for SE).
PFRS for Small Enterprises (SE’s)

(I) The PFRS applied to Small Enterprises is also the same with Full PFRS and PFRS for SME’s

Except that PFRS for SE does not need to disclose the following:

(i) Measurement bases used for determining the gross carrying amount. (from Full
PFRS and PFRS for SMEs)

(ii) increases or decreases resulting from revaluations under paragraphs 17.15B–

17.15D and from impairment losses recognised or reversed in other
comprehensive income in accordance with Section 27 or Impairment of Assets
(from Full PFRS and PFRS for SMEs)

(iii) transfers to and from investment property carried at fair value through profit or
loss (from PFRS for SMEs)

(II) In the PFRS for SE, it only considers to disclose the existence and carrying amounts of
property, plant, and equipment over which the entity has restricted title or is pledged as security
for liabilities.

PFRS SE does not need to disclose the following:

(i) the amount of expenditures recognized in the carrying amount of an item of property,
plant and equipment in the course of its construction; (From Full PFRS) and
(ii) the amount of contractual commitments for the acquisition of property, plant and
equipment. (from Full PFRS and PFRS for SMEs)
(iii) if an entity owns investment property whose fair market value cannot be determined
or measured reliably without undue cost or effort, it shall disclose that fact as well as
the reasons why fair value measurement would involve undue cost or effort for those
items of investment property. (From PFRS for SMEs).

(III) The PFRS for Small and Medium-sized Entities is also the same with the PFRS for SE’s.

Except that PFRS for SE does not require to disclose “the effective date of the revaluation”.
And it has an additional disclosure about a reconciliation between the carrying amounts of
property, plant and equipment at the beginning and end of the period, showing separately:
i) additions, disclosing separately those additions resulting from acquisitions through business
combinations;
ii) net gains or losses from fair value adjustments;
iii) transfers to cost model when a reliable measure of fair value is no longer available without
undue cost or effort (see paragraph 230);
iv) transfers to and from inventories and investment property.
v) other changes.

This reconciliation does not need to be presented for prior periods.