Even though some assets can be interpreted as biological assets, there are some exceptions to which IAS 41 does not apply. They are: 1. Carrier plants related to agricultural activity(IAS 16); 2. Products result from processing after harvest, for example wool that becomes yarn and grapes that become wine(IAS 2); 3. The land on which biological assets grow, regenerate and/or degenerate (IAS 16, IFRS 16 and IAS 40); 4. Any intangible asset associated with agricultural activity, such as licenses and rights(IAS 38); 5. Agricultural activity that does not have a specific management or standard. One example is the harvesting of ocean fisheries; 6. Minerals, oil, natural gas, and similar non-regenerative resources that are also not covered by an IAS.