Bearer plant

Financial reporting - IAS 16 - property, plant and equipment.

Bearer plants include agricultural assets such as:

• Sugar cane roots that produce standing sugar cane
• Tea bushes that produce tea leaves
• Rubber trees that produce latex

Under IAS 16, bearer plants are accounted for as property, plant and equipment if they:

• Are used in the production or supply of agricultural produce;
• Are expected to bear produce for more than one financial reporting period; and
• Have a remote likelihood of being sold.

See also

• IAS 16
• Plant
• Property, plant and equipment