Document ID: chunk:federal_register_of_legislation:F2023C00192:body:0:p20
Version: federal_register_of_legislation:F2023C00192
Segment Type: other
Provision Reference: 
Character Range: 48799–51658

(b) whether an independent valuer was involved;
(c)–(d) [deleted]
(e) for each revalued class of property, plant and equipment, the carrying amount that would have been recognised had the assets been carried under the cost model; and
(f) the revaluation surplus, indicating the change for the period and any restrictions on the distribution of the balance to shareholders.
Aus77.1 Notwithstanding paragraph 77(e), in respect of not-for-profit entities, for each revalued class of property, plant and equipment, the requirement to disclose the carrying amount that would have been recognised had the assets been carried under the cost model does not apply.
78 In accordance with AASB 136 an entity discloses information on impaired property, plant and equipment in addition to the information required by paragraph 73(e)(iv)–(vi).
79 Users of financial statements may also find the following information relevant to their needs:
(a) the carrying amount of temporarily idle property, plant and equipment;
(b) the gross carrying amount of any fully depreciated property, plant and equipment that is still in use;
(c) the carrying amount of property, plant and equipment retired from active use and not classified as held for sale in accordance with AASB 5; and
(d) when the cost model is used, the fair value of property, plant and equipment when this is materially different from the carrying amount.
 Therefore, entities are encouraged to disclose these amounts.

Transitional provisions
80 [Deleted by the AASB]
80A Paragraph 35 in the previous version of this Standard was amended by AASB 2014-1 Amendments to Australian Accounting Standards. An entity shall apply that amendment to all revaluations recognised in annual periods beginning on or after the date of initial application of that amendment and in the immediately preceding annual period. An entity may also present adjusted comparative information for any earlier periods presented, but it is not required to do so. If an entity presents unadjusted comparative information for any earlier periods, it shall clearly identify the information that has not been adjusted, state that it has been presented on a different basis and explain that basis.
80B In the reporting period when AASB 2014-6 Amendments to Australian Accounting Standards – Agriculture: Bearer Plants is first applied an entity need not disclose the quantitative information required by paragraph 28(f) of IAS 8 for the current period. However, an entity shall present the quantitative information required by paragraph 28(f) of IAS 8 for each prior period presented.
80C An entity may elect to measure an item of bearer plants at its fair value at the beginning of the earliest period presented in the financial statements for the reporting period in which the entity first applies AASB 2014-6 and use that fair value as its deemed