BC46 The Board received 72 comment letters on the ED. The vast majority of respondents supported the proposal in the ED to account for bearer plants in accordance with IAS 16. Three additional issues raised by respondents were:

(a) extend the scope of the amendments to other biological assets (see paragraphs BC54–BC58);

(b) do not require fair value measurement of growing produce (see paragraphs BC75–BC78); and

(c) provide guidance on when a bearer plant is in the ‘location and condition necessary for it to be capable of operating in the manner intended by management’ in accordance with paragraph 16(b) of IAS 16 - ie when it reaches maturity (see paragraph BC82).

BC47 As a result of the Board’s redeliberations of the issues raised on the ED, three changes were made to the proposed amendments in the ED, other than drafting changes. Those three changes were:

(a) modifying criterion (c) of the definition of a bearer plant (see paragraph BC62);

(b) clarifying the transition provisions (see paragraph BC96); and