What is preproducing properties

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Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2012 hello sir...
i m a CA final student. while filing XBRL report of one of our client i've come across a term "Preproducing Properties" in fixed assets section. can any one tell me what does it mean..

Amol S Joglekar

Amol S Joglekar (Expert)
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02 December 2012 This concept is similar to "put to use" kind of concept in income tax. IFRS aims at separating the PPEs... plant purchase equipments into... producing and pre producing. (The one which has not yet started producing the production)

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