300 definitions found
AASB 141
Definition
5
The following terms are used in this Standard with the meanings specified: …
AASB 141
Definition
5[1]
Agricultural activity is the management by an entity of the biological transformation and harvest of biological assets for sale or for conversion into agricultural produce or into additional biological …
AASB 141
Definition
5[2]
Agricultural produce is the harvested produce of the entity’s biological assets. …
AASB 141
Definition
5[3]
A bearer plant is a living plant that: (a) is used in the production or supply of agricultural produce; (b) is expected to bear produce for more than one period; and (c) has a remote likelihood of being sold as agricultural produce, except for incidental …
AASB 141
Definition
5[4]
A biological asset is a living animal or plant. …
AASB 141
Definition
5[5]
Biological transformation comprises the processes of growth, degeneration, production, and procreation that cause qualitative or quantitative changes in a biological …
AASB 141
Definition
5[6]
Costs to sell are the incremental costs directly attributable to the disposal of an asset, excluding finance costs and income taxes. …
AASB 141
Definition
5[7]
A group of biological assets is an aggregation of similar living animals or plants. …
AASB 141
Definition
5[8]
Harvest is the detachment of produce from a biological asset or the cessation of a biological asset’s life processes. …
AASB 141
Definition
5A
The following are not bearer plants: (a) plants cultivated to be harvested as agricultural produce (for example, trees grown for use as lumber); (b) plants cultivated to produce agricultural produce when there is more than a remote likelihood that the …