Last update 02/08/2019
The table below provides examples of biological assets, agricultural produce, and products that are the result of processing after harvest:
|
Biological assets |
Agricultural produce |
Products that are the result of processing after harvest |
|
Sheep |
Wool |
Yarn, carpet |
|
Trees in a timber plantation |
Felled trees |
Logs, lumber |
|
Dairy cattle |
Milk |
Cheese |
|
Pigs |
Carcass |
Sausages, cured hams |
|
Cotton plants |
Harvested cotton |
Thread, clothing |
|
Sugarcane |
Harvested cane |
Sugar |
|
Tobacco plants |
Picked leaves |
Cured tobacco |
|
Tea bushes |
Picked leaves |
Tea |
|
Grape vines |
Picked grapes |
Wine |
|
Fruit trees |
Picked fruit |
Processed fruit |
|
Oil palms |
Picked fruit |
Palm oil |
|
Rubber trees |
Harvested latex |
Rubber products |
|
Some plants, for example, tea bushes, grape vines, oil palms and rubber trees, usually meet the definition of a bearer plant and are within the scope of IAS 16. However, the produce growing on bearer plants, for example, tea leaves, grapes, oil palm fruit and latex, is within the scope of IAS 41. |
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Biological assets, Agricultural produce, Harvested products Biological assets, Agricultural produce, Harvested products
Biological assets, Agricultural produce, Harvested products Biological assets, Agricultural produce, Harvested products Biological assets, Agricultural produce, Harvested products