Model adopted and classification criteria

Learning objectives

• List the general disclosures (model applied, classification criteria, methods and assumptions).L2, L3

Normative references

• IAS 40 §75General disclosures: the model applied (a); classification criteria when classification is difficult (c); the extent to which the fair value, as measured or disclosed, is based on a valuation by a qualified independent valuer, or the fact that there has been no such valuation (e); amounts recognised in profit or loss: rental income, direct operating expenses for properties that did and did not generate rental income, the cumulative change in fair value on a sale between pools measured under different models (f, cross-reference to para. 32C); restrictions (g); contractual obligations (h). Sub-paragraphs (b) and (d) deleted: fair value methods and assumptions fall within IFRS 13.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• Which of these items form part of the general disclosures on investment property? (More than one answer possible.)L2