What is included in Net Block of Property, Plant & Equipment (PPE)?
January, 03rd 2020
Under the Keyword “Net Block of Property, Plant & Equipment”, figure appearing under Total of Net Block of Fixed Asset that are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and are expected to be used during more than a period of twelve months such as machinery, equipment, vehicles, buildings, land, office space, office equipment, and furnishings etc. after depreciation is to be mentioned irrespective of the term used in the Financial Statements.
Members are advised to mention the figure against this keyword as applicable under the respective Statutes while generating UDIN.