Do you have to use the revaluation model for investment property in frs102? Or do you have the choice between cost and revaluation model like IAS40?
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FRS102 is freely available here
https://www.frc.org.uk/getattachment/69f7d814-c806-4ccc-b451-aba50d6e8de...(March-2018).pdf
Section 16 deals with investment property.
16.7 " An investment property shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss".
As Paul has said, fair value only.
Although not a requirement of FRS102, I would advise highlighting any unrealised profits relating to changes in fair value in the accounts (whether through a separate line in the accounts or disclosure in the notes). Helps to make sure these aren't illegally distributed.