{"id":3419,"date":"2012-09-26T06:02:22","date_gmt":"2012-09-26T04:02:22","guid":{"rendered":"http:\/\/www.officetodo.com\/public\/?p=3419"},"modified":"2012-09-22T06:04:00","modified_gmt":"2012-09-22T04:04:00","slug":"property-plant-and-equipment-note-in-the-annual-report","status":"publish","type":"post","link":"https:\/\/www.officetodo.com\/public\/property-plant-and-equipment-note-in-the-annual-report\/","title":{"rendered":"Property, plant and equipment note in the Annual Report"},"content":{"rendered":"<p>Property, plant and equipment note is one of those few notes presented as <strong>reflecting movements for both current and prior period<\/strong>. Bear in mind that it\u2019s not only the total balance the figures are presented for, but subgroups as well (i.e. \u201cland and buildings\u201d, \u201cmachinery and equipment\u201d, etc.). The way the note is build up is having the subgroups as columns in which brought forward balances are followed by movements and ending in carried forward balances. Note here that the carried forward balance of the prior period is the brought forward balance of current period. They must equal.\u00a0<!--more--><\/p>\n<p>The balances always shown for each of the subgroup are the cost value, accumulated depreciation and carrying value (cost value less accumulated depreciation). They are the brought and carried forward balances we\u2019re talking about.<\/p>\n<p>The movements (and their effect), which usually are present, are as follows:<\/p>\n<ul>\n<li>Additions \u2013 increase the cost value of the subgroup the asset was added to;<\/li>\n<li>Depreciation charge \u2013 increases accumulated depreciation of the subgroup the expense is charged;<\/li>\n<li>Write-offs and sales \u2013 decrease the cost value of the subgroup the asset was in by the amount the asset\u2019s cost value was and decrease accumulated depreciation of the subgroup by the amount the asset\u2019s accumulated depreciation was;<\/li>\n<li>Revaluations \u2013 increase or decrease the cost value depending on if the new value is higher or lower than the previous one (only applicable for land and buildings measured at fair value).<\/li>\n<\/ul>\n<p>Something to also disclose in the note is the sales price of the sold assets (just the total for all sold assets and not separately). If it\u2019s not significant or no sales were made it\u2019s not worth it, but if you\u2019ve made a considerable sale, it\u2019s suggested to disclose this information as well. Also, if you\u2019ve got unpaid balances for PPE items at the balance sheet date that are significant it\u2019s also suggested to disclose the amount of those unpaid balances in this note.<\/p>\n<p>If you want to learn more about Annual Report,\u00a0<a title=\"Office ToDo UNI\" href=\"http:\/\/www.officetodo.com\/public\/uni\/\">please check out our Office ToDo UNI.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property, plant and equipment note is one of those few notes presented as reflecting movements for both current and prior period. Bear in mind that it\u2019s not only the total balance the figures are presented for, but subgroups as well (i.e. \u201cland and buildings\u201d, \u201cmachinery and equipment\u201d, etc.). The way the note is build up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,46],"tags":[],"class_list":["post-3419","post","type-post","status-publish","format-standard","hentry","category-4-reporting","category-4-1-annual-report"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=3419"}],"version-history":[{"count":2,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3419\/revisions"}],"predecessor-version":[{"id":3423,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3419\/revisions\/3423"}],"wp:attachment":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=3419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=3419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=3419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}