外文翻译投资性房地产Word文档下载推荐.docx

外文翻译投资性房地产Word文档下载推荐.docx

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外文作者InternationalAccountingStandardsCommittee原

文:

IAS40InvestmentProperty

Objective

TheobjectiveofthisStandardistoprescribetheaccountingtreatmentforinvestmentpropertyandrelateddisclosurerequirements.

Scope

1.ThisStandardshouldbeappliedintherecognition,measurementanddisclosureofinvestmentproperty.

2.Amongotherthings,thisStandarddealswiththemeasurementinalessee'

sfinancialstatementsofinvestmentpropertyheldunderafinanceleaseandwiththemeasurementinalessor'

sfinancialstatementsofinvestmentpropertyleasedoutunderanoperatinglease.ThisStandarddoesnotdealwithmatterscoveredinIAS17,Leases,including:

aclassificationofleasesasfinanceleasesoroperatingleases;

brecognitionofleaseincomeearnedoninvestmentpropertyseealsoIAS18,evenue;

cmeasurementinalessee'

sfinancialstatementsofpropertyheldunderanoperatinglease;

dmeasurementinalessor'

sfinancialstatementsofpropertyleasedoutunderafinancelease;

eaccountingforsaleandleasebacktransactions;

and

fdisclosureaboutfinanceleasesandoperatingleases.

3.ThisStandarddoesnotapplyto:

abiologicalassetsattachedtolandrelatedtoagriculturalactivityseeIAS41,Agriculture;

bmineralrights,theexplorationforandextractionofminerals,oil,naturalgasandsimilarnon-regenerativeresources.

Definitions

4.ThefollowingtermsareusedinthisStandardwiththemeaningsspecified:

Investmentpropertyispropertylandorabuilding-orpartofabuilding-orbothheldbytheownerorbythelesseeunderafinanceleasetoearnrentalsorforcapitalappreciationorboth,ratherthanfor:

auseintheproductionorsupplyofgoodsorservicesorforadministrativepurposes;

or

bsaleintheordinarycourseofbusiness.

Owner-occupiedpropertyispropertyheldbytheownerorbythelesseeunderafinanceleaseforuseintheproductionorsupplyofgoodsorservicesorforadministrativepurposes.

Fairvalueistheamountforwhichanassetcouldbeexchangedbetweenknowledgeable,willingpartiesinanarm'

slengthtransaction.

Costistheamountofcashorcashequivalentspaidorthefairvalueofotherconsiderationgiventoacquireanassetatthetimeofitsacquisitionorconstruction.

Carryingamountistheamountatwhichanassetisrecognisedinthebalancesheet.

5.Investmentpropertyisheldtoearnrentalsorforcapitalappreciationorboth.Therefore,aninvestmentpropertygeneratescashflowslargelyindependentlyoftheotherassetsheldbyanenterprise.Thisdistinguishesinvestmentpropertyfromowneroccupiedproperty.Theproductionorsupplyofgoodsorservicesortheuseofpropertyforadministrativepurposesgeneratescashflowsthatareattributablenotmerelytoproperty,butalsotootherassetsusedintheproductionorsupplyprocess.IAS16,Property,PlantandEquipment,appliestoowner-occupiedproperty.

6.Thefollowingareexamplesofinvestmentproperty:

alandheldforlong-termcapitalappreciationratherthanforshort-termsaleintheordinarycourseofbusiness;

blandheldforacurrentlyundeterminedfutureuse.Ifanenterprisehasnotdeterminedthatitwillusethelandeitherasowner-occupiedpropertyorforshort-termsaleintheordinarycourseofbusiness,thelandisconsideredtobeheldforcapitalappreciation;

cabuildingownedbythereportingenterpriseorheldbythereportingenterpriseunderafinanceleaseandleasedoutunderoneormoreoperatingleases;

dabuildingthatisvacantbutisheldtobeleasedoutunderoneormoreoperatingleases.

7.ThefollowingareexamplesofitemsthatarenotinvestmentpropertyandthereforefalloutsidethescopeofthisStandard:

apropertyheldforsaleintheordinarycourseofbusinessorintheprocessofconstructionordevelopmentforsuchsaleseeIAS2,Inventories,forexamplepropertyacquiredexclusivelywithaviewtosubsequentdisposalinthenearfutureorfordevelopmentandresale;

bpropertybeingconstructedordevelopedonbehalfofthirdpartiesseeIAS11,ConstructionContracts;

cowner-occupiedpropertyseeIAS16,Property,PlantandEquipment,includingamongotherthingspropertyheldforfutureuseasowner-occupiedproperty,propertyheldforfuturedevelopmentand

subsequentuseasowner-occupiedproperty,propertyoccupiedbyemployeeswhetherornottheemployeespayrentatmarketratesandowner-occupiedpropertyawaitingdisposal;

dpropertythatisbeingconstructedordevelopedforfutureuseasinvestmentproperty.IAS16appliestosuchpropertyuntilconstructionordevelopmentiscomplete,atwhichtimethepropertybecomesinvestmentpropertyandthisStandardapplies.However,thisStandarddoesapplytoexistinginvestmentpropertythatisbeingredevelopedforcontinuedfutureuseasinvestmentpropertyseeparagraph52.

8.Certainpropertiesincludeaportionthatisheldtoearnrentalsorforcapitalappreciationandanotherportionthatisheldforuseintheproductionorsupplyofgoodsorservicesorforadministrativepurposes.Iftheseportionscouldbesoldseparatelyorleasedoutseparatelyunderafinancelease,anenterpriseaccountsfortheportionsseparately.Iftheportionscouldnotbesoldseparately,thepropertyisinvestmentpropertyonlyifaninsignificantportionisheldforuseintheproductionorsupplyofgoodsorservicesorforadministrativepurposes.

9.Incertaincases,anenterpriseprovidesancillaryservicestotheoccupantsofapropertyheldbytheenterprise.Anenterprisetreatssuchapropertyasinvestmentpropertyiftheservicesarearelativelyinsignificantcomponentofthearrangementasawhole.Anexamplewould

bewheretheownerofanofficebuildingprovidessecurityandmaintenanceservicestothelesseeswhooccupythebuilding.

10.Inothercases,theservicesprovidedareamoresignificantcomponent.Forexample,ifanenterpriseownsandmanagesahotel,servicesprovidedtoguestsareasignificantcomponentofthearrangementasawhole.Therefore,anowner-managedhotelisowner-occupiedproperty,ratherthaninvestmentproperty.

11.Itmaybedifficulttodeterminewhetherancillaryservicesaresosignificantthatapropertydoesnotqualifyasinvestmentproperty.Forexample,theownerofahotelsometimestransferscertainresponsibilitiestothirdpartiesunderamanagementcontract.Thetermsofsuchmanagementcontractsvarywidely.Atoneendofthespectrum,theowner'

spositionmay,insubstance,bethatofapassiveinvestor.Atthe

otherendofthespectrum,theownermaysimplyhaveoutsourcedcertainday-to-dayfunctionswhileretainingsignificantexposuretovariationinthecashflowsgeneratedbytheoperationsofthehotel.

12.Judgementisneededtodeterminewhetherapropertyqualifiesasinvestmentproperty.Anenterprisedevelopscriteriasothatitcanexercisethatjudgementconsistentlyinaccordancewiththedefinitionofinvestmentpropertyandwiththerelatedguidanceinparagraphs5to11.Paragraph66arequiresanenterprisetodisclosethesecriteriawhenclassificationisdifficult.

13.UnderIAS17,Leases,alesseedoesnotcapitalisepropertyheldunderanoperatinglease.Therefore,thelesseedoesnottreatitsinterestinsuchpropertyasinvestmentproperty.

14.Insomecases,anenterpriseownspropertythatisleasedto,andoccupiedby,itsparentoranothersubsidiary.Thepropertydoesnotqualifyasinvestmentpropertyinconsolidatedfinancialstatementsthatincludebothenterprises,becausethepropertyisowner-occupiedfromtheperspectiveofthegroupasawhole.However,fromtheperspectiveoftheindividualenterprisethatownsit,thepropertyisinvestmentpropertyifitmeetsthedefinitioninparagraph4.Therefore,thelessortreatsthepropertyasinvestmentpropertyinitsindividualfinancialstatements.

Recognition

15.Investmentpropertyshouldberecognisedasanassetwhen,andonlywhen:

aitisprobablethatthefutureeconomicbenefitsthatareassociatedwiththeinvestmentpropertywillflowtotheenterprise;

bthecostoftheinvestmentpropertycanbemeasuredreliably.

16.Indeterminingwhetheranitemsatisfiesthefirstcriterionforrecognition,anenterpriseneedstoassessthedegreeofcertaintyattachingtotheflowoffutureeconomicbenefitsonthebasisoftheavailableevidenceatthetimeofinitialrecognition.Thesecond

criterionforrecognitionisusuallyreadilysatisfiedbecausetheexchangetransactionevidencingthepurchaseoftheassetidentifiesitscost.

InitialMeasurement

17.Aninvestmentpropertyshouldbemeasuredinitiallyatitscost.Transactioncostsshouldbeincludedintheinitialmeasurement.

18.Thecostofapurchasedinvestmentpropertycomprisesitspurchaseprice,andanydirectlyattributableexpenditure.Directlyattributableexpenditureincludes,forexample,professionalfeesforlegalservices,propertytransfertaxesandothertransactioncosts.

19.Thecostofaself-constructedinvestmentpropertyisitscostatthedatewhentheconstructionordevelopmentiscomplete.Untilthatdate,anenterpriseappliesIAS16,Property,PlantandEquipment.Atthatdate,thepropertybecomesinvestmentpropertyandthisStandardappliesseeparagraphs51eand59below.

20.Thecostofaninvestmentpropertyisnotincreasedbystart-upcostsunlesstheyarenecessarytobringthepropertytoitsworkingcondition,initialoperatinglossesincurredbeforetheinvestmentpropertyachievestheplannedlevelofoccupancyorabnormalamountsofwasted