Living animals & plants

Biological assets
Except bearer plant
Applies to
Agri produce @ point of harvest

Govt. grants Related to bearer plant & agri produce

Land related to agri activity

Measured @ Bearer plant related to agri activity

When all conditions are met P/L Conditional
FV less cost Doesn't apply to Govt grant related to bearer plant
When it becomes receivable P/L Unconditional
Gover nm ent gr ant s f Agr icult ur e I ntangible asset related to agri activity
As per I ND AS 20 Measured @ Cost or biological asset s
ROU assets arising from lease of land related to agri activity

I ND AS 16 - Bearer
Fair value (-) Cost to sell Biological assets
Value I ND AS 41 - Others
Quoted MP/FV not available Cost (-) acc dep (-)
When? acc impairment loss Biological asset- I niti 3 stages Agri produce @ point of harvest I ND AS 41
Alternate FV unreliable al & subsequent I ND AS 41
Products made after proce
No seperate FV available ssing of harvest I ND AS 2
Combination of assets
Exclude other FV and find the FV needed

Physical changes Entity has control over asset

Can change Fair value (-) Cost to sell Value
Price changes Agriculture Produce- i Measur em ent Conditions : All to be met FEB flow to entity
nitial cost Recognit ion of asset
I gnore Contract price Fair value/ cost measured reliably
Special case : contracts
Use FV

P&L Gains & Losses