TC12-05 Fair Value of specialised Physical Assets
This Circular amends the current Treasury policy Valuation of Physical Non-Current Assets at Fair Value (TPP 07-1) and allows the option in AASB 116 Property, Plant and Equipment to measure assets, using either depreciated replacement cost or an income approach, in the absence of market-based evidence. This Circular is only relevant to NSW public sector entities (including Statutory State Owned Corporations) with cash-generating specialised assets (i.e. mainly for-profit entities).
Issued: 13 March 2012 by Treasury
This AR is archived and has been replaced by the following document(s)
Key information
- Status
- Archived
- Type
- NSW Treasury Circular
- Identifier
- TC12-05
- Compliance
- Not mandatory
Who needs to know and/or comply with this?
- Departments
- Executive agencies related to Departments
- Advisory Entities (including Boards and Committees)
- Separate agencies
- State Owned Corporations
- Statutory Authorities/Bodies
- Subsidiaries of the NSW Government established under the Corporations Act
- Councils under the Local Government Act
About
This Circular amends the current Treasury policy Valuation of Physical Non-Current Assets at Fair Value (TPP 07-1) and allows the option in AASB 116 Property, Plant and Equipment to measure assets, using either depreciated replacement cost or an income approach, in the absence of market-based evidence. This Circular is only relevant to NSW public sector entities (including Statutory State Owned Corporations) with cash-generating specialised assets (i.e. mainly for-profit entities).