ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory
Investment properties are land and/or buildings which are owned or held under a leasehold interest (Note 2(y)) to earn rental income and/or for capital appreciation. These include land held for a currently undetermined future use and property that is being constructed or developed for future use as investment property.
Investment properties are stated at fair value, unless they are still in the course of construction or development at the end of the reporting period and their fair value cannot be reliably measured at that time. Any gain or loss arising from a change in fair value or from the retirement or disposal of an investment property is recognized in profit or loss. Rental income from investment properties is accounted for as described in Note 2(x)(vi).