GENERAL MEETING DRAFT - Bankier.pl

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>> Financial Statements
Part A – Accounting Policies
The principles governing the recognition and measurement of equity investments under IAS 27
Consolidated and Separate Financial Statements, IAS 28 Investments in Associates, and IAS 31 Interests
in Joint Ventures, are given in detail in Part A.1, Section 3 – Consolidation Procedures and Scope.
Remaining interests other than subsidiaries, associates and joint ventures, and interests recognised in
items 150 “Non-current assets and disposal groups held for sale” and 90 “Liabilities included in disposal
groups classified as held for sale” (see Section 10) – are classified as AfS financial assets or financial
assets at fair value through profit and loss and treated accordingly (see Sections 2 and 5).
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The item includes:
� Land;
� Buildings;
� furniture and fixtures;
� plant and machinery;
� other machinery and equipment;
� leasehold improvements;
and is divided between:
� assets used in the business;
� assets held as investments.
Assets used in the business are held for use in the production or supply of goods or services or for
administrative purposes and are expected to be used during more than one period. This category also
(conventionally) includes assets to be let or under construction and to be leased under a finance lease,
only for those finance leases which provide for retention of risk by the lessor until the acceptance of the
asset by the lessee and the start of rentals under the finance lease, (see also section 4 for finance leases
with risk transfer).
The item includes assets used by the Group as lessee under a finance lease, or let/hired out by the
Group as lessor under an operating lease.
Leasehold improvements (included in the above items) are leasehold improvements and costs relating to
property, plant and equipment which can be separately identified, usually borne in order to make leased
premises fit for the expected use.
Improvements and additional expenses relating to property, plant and equipment which cannot be
separately identified, are recognised in item 160 “Other assets”.
Assets held for investment purposes are properties covered by IAS 40, i.e. properties held (owned or
under a finance lease) in order to derive rentals and/or a capital gain.
Property, plant and equipment are initially recognised at cost including all costs directly attributable to
bringing the asset into use (transaction costs, professional fees, direct transport costs incurred in bringing
the asset to the desired location. installation costs and dismantling costs).