Societe International de Plantations et de Finance (SIPEF)
To maximize their effectiveness, color cases should be printed in color. Management of a company with extensive palm oil tree plantations questions the usefulness to management and investors of IASF1's requirement to value palm oil trees at their fair value. IAS41 requires biological assets to be measured at their fair value with changes in fair value reported in net income. The management of a company with extensive palm oil tree plantations questions the value to management and investors of the IAS41 fair values of its palm oil trees reported in the company's financial statements. To communicate more useful financial data, management reports as a supplement to the required IAS41 fair value based financial data their company's operating performance and financial condition on a pre-IAS41 basis.