Moreover, one must present the net fair value of anagricultural produce during the
current period, during harvest, the financial commitments and property restrictions, a
variation table of the biological assets and additional information, in case the fair value could
not be realistically estimated.
IAS41 is treating the management of biological assets: increasing the agricultural
output, logging, plant cultivation; horticulture and aquaculture.
The biological alteration is the process of growing, ageing, production and procreation
of biological assets; these alteration lead to new agricultural produce, or transformation of
other biological assets.