The International Accounting Standard (41) required the recognition of the profits/losses that happened during the
period of initial recognition of the biological asset and the agricultural produce, and required providing a
description of each of the biological assets in addition to a description of the methods used in estimating the fair
value of those assets, and required disclosing the fair value of the agricultural produces which were harvested
during that period, in addition to a statement that shows the government grants and the substantial decrease in the
level of grants, if any.