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IAS 40

International Accounting Standard 40

Investment Property
This version includes amendments resulting from IFRSs issued up to 31 December 2010. IAS 40 Investment Property was issued by the International Accounting Standards Committee in April 2000. In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. In December 2003 the IASB issued a revised IAS 40. Since then, IAS 40 and its accompanying documents have been amended by the following IFRSs: • • • • • • • IFRS 2 Share-based Payment (issued February 2004) IFRS 4 Insurance Contracts (issued March 2004) IFRS 5 Non-current Assets Held for Sale and Discontinued Operations (issued March 2004) IAS 1 Presentation of Financial Statements (as revised in September 2007)* Improvements to IFRSs (issued May 2008)* IFRS 9 Financial Instruments (issued November 2009)† IFRS 9 Financial Instruments (issued October 2010).†

* †

effective date 1 January 2009 effective date 1 January 2013 (earlier application permitted)

©

IFRS Foundation

A1003

IAS 40

CONTENTS
INTRODUCTION

paragraphs

IN1–IN18

INTERNATIONAL ACCOUNTING STANDARD 40 INVESTMENT PROPERTY
OBJECTIVE SCOPE DEFINITIONS RECOGNITION MEASUREMENT AT RECOGNITION MEASUREMENT AFTER RECOGNITION Accounting policy Fair value model Inability to determine fair value reliably Cost model TRANSFERS DISPOSALS DISCLOSURE Fair value model and cost model Fair value model Cost model TRANSITIONAL PROVISIONS Fair value model Cost model EFFECTIVE DATE WITHDRAWAL OF IAS 40 (2000) 1 2–4 5–15 16–19 20–29 30–56 30–32C 33–55 53–55 56 57–65 66–73 74–79 74–79 76–78 79 80–84 80–82 83–84 85–85B 86

FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION APPROVAL BY THE BOARD OF IAS

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