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IAS 16 - Property, Plant and Equipment

Power & Utilities IFRS Series

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IFRS promises to introduce some changes to the way companies account for property, plant and equipment, such as asset componentization with separate depreciation for each component, recognition of gain (loss) on retirements and the possibility for impairments to be reversed in certain instances. These changes may seem simple in concept, but they may be more difficult to address in practice.

Dig deeper into the technical accounting differences and the impacts these changes will have on power and utilities companies, and some strategic alternatives for energy companies as they plan their IFRS conversion process.


Charlie Muha, partner, Deloitte Tax LLP
Rhonda Watts, senior manager, Deloitte Tax LLP


Bill Graf, partner, Deloitte & Touche LLP

As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

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