A practical guide to IFRS 8 for real estate entities

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A real estate fund discloses information that enables users of its financial statements to evaluate the nature and financial effects of the business activities in which it engages and the economic environment in which it operates [IFRS 8.1]. This publication addresses questions that arise when applying IFRS 8 to real estate entities. It should be read only in conjunction with the A practical guide to IFRS 8 for investment funds (June 2009), which contains further guidance that may also be relevant.

A practical guide to IFRS 8 for real estate entities, which is based on the requirements of IFRS 8 applicable to financial periods commencing on or after 1 January 2009, is not a substitute for reading the standards and interpretations themselves or for professional judgement as to fairness of presentation. It does not cover all possible disclosures that IFRS 8 requires, nor does it take account of any specific legal framework. Further specific information may be required in order to ensure fair presentation under IFRS. We recommend that readers refer to our publication IFRS disclosure checklist 2009. Additional accounting disclosures may be required in order to comply with local laws and stock exchange or other regulations.