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Sunday 26 October 2014

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The Interpretations Committee observed that it is unlikely that the residual method will be appropriate if it returns a nil or minimal value for the biological assets

 16 May 2012


The Interpretations Committee discussed IAS 41 Agriculture and IFRS 13 Fair Value Measurement—Valuation of biological assets using a residual method at their May 2012 meeting.

For more information read the May IFRIC Update.