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Property, Plant and Equipment

   Also found in: Legal, Wikipedia 0.01 sec.
Property, Plant and Equipment (PP&E)
Tangible, long-lived assets that a company owns and uses in its operations, rather than simply holding them as an investment. This includes buildings, construction, facilities, machinery etc. and is reported on the balance sheet as acquisition cost less the accumulated depreciation.


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In regard to other income and expenses, while net losses on foreign exchange and losses on the disposal of property, plant and equipment were lower than expected, the net equity in losses of affiliates was higher than initial projections due to business restructuring expenses at equity-method affiliates.
The proposed interpretation contains guidance on accounting for certain changes in decommissioning and restoration that are recognised both as part of the cost of an item of property, plant and equipment (in accordance with IAS16--Property, Plant and Equipment) and as a liability (in accordance with IAS37--Provisions, Contingent Liabilities and Contingent Assets).
23, Eliminating the Category National Defense Property, Plant and Equipment.
 
 
 
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