16
g. Property, Plant and Equipment (PPE)
The
PPE
for
PSAK
is
covered
in
PSAK
16.
The PPE is recognized initially at
cost.
The
useful
life,
residual
value
and
depreciation method
must
be
reviewed
periodically. Cost must include qualified borrowing costs.
The PPE
for IFRS
is covered in IAS 16 and IFRIC 1.
The PPE also recognized
initially at cost. The useful life, residual
value and depreciation
method
must be
reviewed at least at balance sheet date. Cost may include qualified borrowing costs.
h. Inventories
The inventories for PSAK are covered
in PSAK 14. Inventories generally are
measured at the lower of cost and net realizable value. The amount to recognize expense
must be determined by FIFO (first
in,
first out), weighted
average
method or
LIFO (last
in, first out).
The
inventories
for
IFRS are covered
in IAS 2.
The
measurement of
inventories
is also at the lower of cost and net realizable value. The amount to recognize expense
must be determined by FIFO (first in, first out) and weighted average method, the use of
LIFO (last in, first out) is prohibited.
i.
Equity
The equity
for PSAK
is covered in PSAK 4, PSAK 21, PSAK 41, PSAK 53 and
BAPEPAM
Regulation No.VIII.G.7.
Gains
and
losses
on
transactions
in
own
equity
instrument
are
reported directly
in
equity,
not
in
profit
or
loss.
Minority
interests
are
presented separately from liability and equity.
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