Property that is leased to tenants under a finance lease is initially measured on a net investment basis and subsequently re-measured based on an amortisation pattern reflecting a constant rate of return.
Read more >

Properties intended for sale and accounted for under IAS 2 (Inventory) are measured at the lower of cost or net realisable value in the financial statements.
Read more >

Under IAS16 other investments in real assets are normally accounted for at cost.
Read more >

Indirect investments in real estate, such as investments in associations and joint ventures, have different accounting treatments and carrying values under IFRS. Such investments can be valued at cost, fair value or NAV.
Read more >

Financial assets and liabilities such as debt obligations are generally measured at amortised cost, taking into account any impairment when applicable.
Read more >

Under IAS11, construction contracts for third parties are normally accounted for based on the stage of completion.
Read more >

Set-up costs (i.e. establishment expenses) are charged immediately to income after the initial closing date.
Read more >

Under the Fair Value model, acquisition expenses of investments under the fair value assumptions according to IFRS may be partly charged to income or equity as fair value changes at the first subsequent measurement date after acquisition.
Read more >

A liability represents a present obligation.
Read more >

This adjustment represents the positive impact on NAV of the possible reduction of transfer taxes and purchaser’s costs for the seller based on the expected sale via the sale of shares.
Read more >