IPSAS 17

IPSAS 17—PROPERTY, PLANT AND EQUIPMENT
Acknowledgment
This International Public Sector Accounting Standard (IPSAS) is drawn primarily from International Accounting Standard (IAS) 16 (revised 2003), “Property, Plant and Equipment” published by the International Accounting Standards Board (IASB).
Extracts from IAS 16 are reproduced in this publication of the International Public
Sector Accounting Standards Board (IPSASB) of the International Federation of
Accountants (IFAC) with the permission of the International Accounting Standards
Committee Foundation (IASCF).
The approved text of International Financial Reporting Standards (IFRSs) is that published by IASB in the English language, and copies may be obtained directly from IASB Publications Department, 30 Cannon Street, London EC4M 6XH, United
Kingdom.
E-mail: [e-mail]
Internet: http://www.iasb.org

IFRSs, IASs, Exposure Drafts and other publications of IASC and IASB are copyright of IASCF.
IFRS, IAS, IASB, IASC, IASCF and International Accounting Standards are trademarks of IASCF and should not be used without the approval of IASCF.

IPSAS 17

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IPSAS 17—PROPERTY, PLANT AND EQUIPMENT
CONTENTS
Paragraph
Introduction .................................................................................................. IN1-IN10
Objective .......................................................................................................

1

Scope ............................................................................................................

2–12

Heritage Assets ......................................................................................

8–11

Government Business Enterprises .........................................................

12

Definitions ....................................................................................................

13

Recognition