PET - Plain English Taxonomy

Attribute: CS23460
Concept:
Label: Investment properties
Concept Guidance:
This is the value of property held by the reporting party as at the relevant date, in accordance with the classification and measurement basis under the relevant accounting standards. 
Dimensions
Dimension Member Description
(FairValue)
This dimension identifies the measurement scenario under which the reported value was calculated.
The value reported is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's length transaction.The fair value should be able to be determined through observation of similar transactions, quoted market prices, independent valuations or if there is no readily observable market, through the ability to liquidate the item or through assessing the net present value of future cash flows.
(Level2ObservableInputs)
This dimension categorises the reported information based on the method used in calculating the Fair Value Hierarchy, as determined in accordance with relevant accounting standards.
The calculation method in relation to Fair Value Hierarchy is Observable Inputs referred to as Level 2.
(Recurring)
This dimension refers to the number of times a balance will be shown consecutively at a reporting period, as per the relevant accounting standards.
The information in relation to the balance is required or permitted to be reported at the end of each reporting period.
(Investment)
The intent of the transaction being entered into by the reporting entity.
Information in relation to assets or liabilities acquired or incurred principally for profit-taking purposes, and which have not been classified as trading.