Środki trwałe jako szczególny składnik bilansu sporządzonego według MSSF – regulacje a praktyka polskich spółek publicznych
Fixed assets in the balance-sheet prepared under IFRS – the regulatory context and the practice of Polish public companies

Summary/Abstract: This article focuses on the basic differences in the measurement and presentation of fixed assets between the Polish Accounting Regulations (PAR) and IAS/IFRS. The first part of the article deals with the potential differences in the above respect (based on the analysis of PAR and IAS/IFRS), while the second part presents the outcomes of the examination of financial statements prepared by the Polish listed companies (the socalled „blue chips”) for financial years 2004 and 2005. The article presents the differences in the recognition of fixed assets between the Polish Accounting Regulations and IAS/IFRS presented by the companies covered by the research, however their detailed analysis is not possible. The analysis carried out confirms solely that the most significant difference in this particular field of reporting practice is the difference in the measurement of fixed assets at fair value rather than at historical cost. The other differences concern evaluation of the gratuitously received rights of the perpetual usufruct of land, valuation under hyperinflation and evaluation of impairment.

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