Common use of Basis of Measurement Clause in Contracts

Basis of Measurement. The financial statements have been prepared on the historical cost basis except for derivative financial instruments, financial instruments classified as available-for-sale and biological assets which are measured at fair value. The methods used to measure fair values are discussed further in the respective notes.

Basis of Measurement. The financial statements have been prepared on under the historical cost basis convention except for derivative financial instruments, financial instruments classified as available-for-sale and biological assets derivatives which are measured at fair value and certain components of inventory which are measured at net realisable value. The methods used to measure fair values are discussed further in the respective notes.